Excluded Asset definition

Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

Excluded Asset has the meaning assigned to such term in the Security Agreement.

Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 but only to the extent, and for so long as, so excluded thereunder.

Examples of Excluded Asset in a sentence

• Subject to subrule (2), where a Market Participant has an asset due from one entity (which would ordinarily be treated as an Excluded Asset) which is linked to an offsetting liability payable to another entity, the Market Participant may net the asset and liability so that only the net amount (if positive) is reported as an Excluded Asset.

• From and after the Closing, if Emerson receives or collects any funds relating to any Excluded Asset (including without limitation Archival Materials, Real Estate Related Tangible Personal Property, and other tangible assets referred to in Section 17I above), Emerson shall remit any such funds to Marlboro within five (5) Business Days after its receipt thereof.

• Total Risk Requirement means the sum of: (a) Operational Risk Requirement; (b) Counterparty Risk Requirement; (c) Large Exposure Risk Requirement; (d) Position Risk Requirement; (e) Underwriting Risk Requirement; and (f) Non-Standard Risk Requirement, however where an asset or liability is an Excluded Asset or Excluded Liability a risk requirement otherwise applicable under paragraphs (a) to (e) is not included.

• From and after the Closing, if Purchaser or any of its Affiliates receives any right, property or asset that is an Excluded Asset, Purchaser shall promptly transfer or cause such of its Affiliates to transfer such asset (and shall promptly endorse and deliver any such right, property or asset that is received in the form of cash, checks, or other documents) to the applicable Seller, and such asset will be deemed the property of such Seller held in trust by Purchaser for such Seller until so transferred.

• In the event an Access Party elects to exercise the option to transport, remove or dispose of an Excluded Asset other than the Rope Shovel out of the Premises in accordance with Section 4.3(i), the Term shall be deemed, in respect of such Excluded Asset only, to be extended until the earlier of (a) the complete removal of such Excluded Asset from the Premises, and (b) the date that is 30 days from the end of the Term.

More Definitions of Excluded Asset

Excluded Asset means (a) any fee-owned Real Estate with a fair market value, individually, of less than $1,000,000 and all leasehold interests in any Real Estate, (b) motor vehicles and other assets (to the extent perfection must be obtained through notation on a certificate of title) and commercial tort claims with a value of less than $1,000,000, (c) pledges and security interests prohibited by applicable law, rule or regulation (to the extent such law, rule or regulation is effective under applicable anti-assignment provisions of the UCC), other than proceeds and receivables in respect thereof (unless such proceeds or receivables would otherwise constitute Excluded Asset), (d) any “intent to use” trademark applications for which a “statement of use” or an “amendment to allege use” has not been filed and accepted (but only until such statement or amendment is filed and accepted), (e) any interests in joint ventures, (f) Excluded Equity, (g) any general intangible, permit, lease, license, contract or agreement to which any Loan Party is a party or has any right, title or interest thereunder to the extent that such general intangible, permit, lease, license, contract or agreement contains a term or is subject to a rule of law, statute or regulation that restricts, prohibits, or requires a consent (that has not been obtained) of a Person (other than a Loan Party or Affiliate thereof) to, the creation, attachment or perfection of the security interest granted herein, and any such restriction, prohibition and/or requirement of consent is effective and enforceable under applicable law and is not rendered ineffective by applicable law (including, without limitation, pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC) or principles of equity, (h) any lease, license or other agreement or any property subject to a purchase money security interest or similar arrangement to the extent that a grant of a security interest therein would violate or invalidate such lease, license or agreement or purchase money arrangement or create a right of termination in favor of any other party thereto (other than a Loan Party or Affiliate thereof), except to the extent any such agreement or term providing for such violation, invalidation or right of termination is ineffective or rendered unenforceable under applicable law (including, without limitation, pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC) or principles of equity, (i) the Management Agreements (but not proceeds o...

Excluded Asset shall have the meaning assigned thereto in Section 14.28.

Excluded Asset shall have the meaning assigned thereto in Section 14.28. “Exclusion Event” shall have the meaning assigned thereto in Section 14.28. “Executive Order” shall have the meaning assigned thereto in Section 3.1(f)(i). “Existing Lease” shall have the meaning assigned thereto in Section 10.7. “Fixed Rents” shall have the meaning assigned thereto in Section 10.2(a).

Excluded Asset is any asset set forth in Section 2.4. ---------------

Excluded Asset means either a lease by the Borrower or any Guarantor, as lessor, of a real property asset, or a promissory note held by the Borrower or any Guarantor which is secured by a Mortgage on real property, in either case where (a) any required base rental payment, or principal or interest payment, as the case may be, is more than 60 days past due or (b) in the case of a lease wherein the tenant is the subject of a Bankruptcy Proceeding, such lease has been rejected in bankruptcy; provided that assets with respect to real property subject to a lease rejected in bankruptcy shall cease to be considered Excluded Assets once such real property has been re-leased to a third-party which is not otherwise subject to clause (a) or (b) above.

Excluded Asset has the meaning set forth in Section 2.2.

Excluded Asset as defined in the Security Agreement.