OWNERSHIP OF ASSETS definition

OWNERSHIP OF ASSETS. We have the exclusive and absolute control of our assets, including all assets in the Separate Account.
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OWNERSHIP OF ASSETS. Except as set forth on SCHEDULE 3.10(i), the Company owns outright, and has good, marketable and insurable title to all of its assets and properties reflected in the Company Balance Sheet except as the same may have been disposed of in the ordinary course of business since the Company Balance Sheet date, free and clear of all liens, mortgages, pledges, conditional sales agreements, restrictions on transfer or other encumbrances or charges whatsoever. The Company does not own any patents, copyrights, trademarks, trade names or other similar intangible assets except as set forth in SCHEDULE 3.10(ii). No other person has any ownership or similar right in, or contractual or other right to acquire any such right in, any of the Company's assets. The Shareholder and the Company do not know of any potential action by any party, governmental or other and no proceedings with respect thereto have been instituted of which the Company has notice that would materially effect the Company's ability to use and to utilize each of such assets in its business. SCHEDULE 3.10(iii) sets forth a listing of all aircraft owned by the Company, including a description thereof. Each such aircraft has been maintained in accordance with Part 135 of the regulations of the Federal Aviation Administration, and the Company has completely and accurately maintained all records required by Part 135 of the regulations of the Federal Aviation Administration for such aircraft. SCHEDULE 3.10(iv) sets forth a listing of all records required to be maintained. The Company will provide to the Purchaser prior to the Closing a true and correct copy of all records listed in SCHEDULE 3.10(iv). Except as set forth on SCHEDULE 3.10(v), all properties and other assets owned by the Company or used by the Company in the conduct of its business are in good operating condition and repair (ordinary wear and tear excepted), are suitable for the conduct of its business as presently conducted, have been properly maintained, and do not require any maintenance or repairs except for routine maintenance and repairs that are not material in nature or in cost.
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OWNERSHIP OF ASSETS. Except as set forth in the Exhibits and Schedules attached to this Agreement, LH owns all right, title and interest in and to the Purchased Assets free and clear of all liens, encumbrances or other adverse interests.
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Examples of OWNERSHIP OF ASSETS in a sentence

  • Ownership of assets, which have been constructed, repaired and expanded by the subsidiaries, is to be transferred to the Provincial Waterworks Authority immediately upon completion of these activities, with the subsidiaries having the rights to occupy the assets in order to produce and supply tap water to the Provincial Waterworks Authority over the agreement period.

  • Ownership of assets purchased with revenues or any other City funds is and shall remain the property of the City.

  • I understand that I may revoke this Authorization at any time, except to the extent that action has been taken by the Company in reliance on this Authorization, by sending a written revocation to the Company’s Privacy Steward at PO Box 26580, Austin, Texas 78755-0580.

  • Ownership of assets and associated liabilities will remain with the Parties.

  • Employment of staff (varies from staff being civil servants, employed by the relevant ministry, to institution employees with no State involvement) Ownership of assets (ranges from the State owning and controlling assets, through to full institutional control) Sources of funding and commercial freedom (varies from wholly core-funded through to institutions that are significantly contract-funded and generate and retain surpluses and reserves for future investment).

  • Ownership of assets held in your Account You are the beneficial owner of the assets held in your Account.

  • Ownership of assets will be registered under the name of an SPV (established by the Custodian to hold title of and take custody of the Fund assets).

  • Ownership of assets is adjusted based on reevaluation of population and water usage.

  • Economic (including disaggregation of data by gender, ethnicity, and income level):  Ownership of assets;  Land (e.g., amount, type, distribution, security of tenure);  Other (e.g., livestock, equipment, buildings);  Type of livelihood (e.g., subsistence, commercial, or both);  Household income/expenditures;  Skills;  Employment and allocation of labor;  Use of and access to credit;  Use of and access to marketing service; and  Use of and access to commercial inputs.

  • Ownership of assets is not clear, and no systematic asset management regime is in place.


More Definitions of OWNERSHIP OF ASSETS

OWNERSHIP OF ASSETS. Except as set forth on Schedule 5.23, the Company owns, leases or has the right to use
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OWNERSHIP OF ASSETS each member of the Group has good title to or valid leases of all its assets which are reflected in the financial statements as at the date hereof subject to no Security Interest except as disclosed in such financial statements or as created by the Security Documents or otherwise permitted under Clause 16.8;
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OWNERSHIP OF ASSETS all assets which are necessary for the business of the Group are beneficially owned, licensed or leased by the relevant members of the Group free and clear of any Encumbrance other than a Permitted Encumbrance;
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OWNERSHIP OF ASSETS means all assets under the project which have been financed and deployed by the bidder, shall be of bidder at all times.
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OWNERSHIP OF ASSETS. We shall have exclusive and absolute ownership and control of our assets, including the assets of SA.
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Related to OWNERSHIP OF ASSETS

  • Permitted Businesses means the business of owning, leasing and managing gasoline stations, convenience store properties and other retail real properties (including, for the avoidance of doubt, quick service or other casual restaurants and auto service and auto parts stores), and any other single-tenant net lease business, and business activities reasonably related to the foregoing (including the creation or acquisition of any interest in any Subsidiary (or entity that following such creation or acquisition would be a Subsidiary) for the purpose of conducting the foregoing activities), in each case that are permitted for real estate investment trusts under the Code.

  • Restricted Business has the meaning set forth in Section 6.7(a).

  • Businesses means, at any time, a collective reference to the businesses operated by the Borrower and its Subsidiaries at such time.

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • Permitted Business means any business in which the Company or its Restricted Subsidiaries are engaged on the date of this Indenture and any other business related, incidental, complementary or ancillary thereto, and any unrelated business to the extent that it is not material in size as compared with the Company and its Restricted Subsidiaries’ business as a whole.

  • Business organization means an individual, partnership, association, joint stock company, trust, corporation or other legal business entity or successor thereof.

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • Controlled unaffiliated business means a company:

  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.

  • Related Business means any business that is related, ancillary or complementary to the businesses of the Company and the Restricted Subsidiaries on the Issue Date.

  • Conduct of Business Regulations means the directions issued by the Bank from time to time on Fair Practices Code and Know Your Customer.

  • Other Business(es means any business activity we or our Affiliates engage in, other than the licensing of the Hotel.

  • Business concern means any corporation, company, limited liability company, partnership, joint venture, trust, unincorporated association or any other form of association.

  • Business has the meaning set forth in the Recitals.

  • Restricted Geographic Area is defined as all countries, territories, parishes, municipalities and states in which Company is doing business or is selling its products at the time of termination of Employee’s employment with Company, including but not limited to every parish and municipality in the state of Louisiana. Employee acknowledges that this geographic scope is reasonable given Employee's position with Company, the international scope of Company's business; and the fact that Employee could compete with Company from anywhere Company does business.

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Oil and Gas Business means the business of the exploration for, and exploitation, development, production, processing (but not refining), marketing, storage and transportation of, hydrocarbons, and other related energy and natural resource businesses (including oil and gas services businesses related to the foregoing).

  • Excluded Businesses means Business types which are excluded from application for an Inter-Community Business Licence and includes those Business types referred to in Schedule “A”.

  • Qualified business means a for-profit business that obtains services relating to that business from 30 or fewer employees or employees of independent contractors performing services substantially similar to employees during a random week in the year ending on the tax day. If a person is a unified business group as that term is defined in section 117 of the Michigan business tax act, 2007 PA 36, MCL 208.1117, the number of employees from whom services are obtained includes all employees of the unitary business group and employees of independent contractors of the unitary business group rendering services to the qualified business.

  • Consolidated Businesses means, at any time, the Borrower and Subsidiaries of the Borrower that the Borrower consolidates in its consolidated financial statements prepared in accordance with GAAP, provided, however, that UJVs which are consolidated in accordance with GAAP are not Consolidated Businesses.

  • Permitted Intercompany Activities means any transactions between or among the Borrower and its Restricted Subsidiaries that are entered into in the ordinary course of business of the Borrower and its Restricted Subsidiaries and, in the good faith judgment of the Borrower are necessary or advisable in connection with the ownership or operation of the business of the Borrower and its Restricted Subsidiaries, including, but not limited to, (i) payroll, cash management, purchasing, insurance and hedging arrangements and (ii) management, technology and licensing arrangements.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Similar Business means any business conducted or proposed to be conducted by the Issuer and its Restricted Subsidiaries on the Issue Date or any business that is similar, reasonably related, incidental or ancillary thereto.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Restricted Investments means all Investments except the following: