Excluded Asset Sample Clauses
An Excluded Asset clause defines specific assets that are not part of a transaction or agreement, ensuring they remain outside the scope of the deal. In practice, this clause lists particular items—such as certain intellectual property, cash reserves, or personal property—that the seller retains and does not transfer to the buyer. By clearly identifying what is not included, the clause prevents misunderstandings and disputes over asset ownership, thereby ensuring clarity and protecting the interests of both parties.
POPULAR SAMPLE Copied 2 times
Excluded Asset. Seller shall not transfer to Purchaser the cash on hand in the Aviator Shop Business on the Closing Date. The cash on hand shall remain the property of Seller.
Excluded Asset. TSVLP owns that certain Champion/▇▇▇▇▇▇▇▇▇ house trailer, model year 1989, serial no. 1694706906 ▇▇▇ 098337, which is parked in the recreational vehicle park of the Company and is intended for the exclusive use of TSVLP and USEC personnel and guests. The Company shall provide, at the Company's cost, electrical, gas, water and phone utilities and services for this excluded asset at the recreational vehicle park currently being utilized, until TSVLP removes the trailer therefrom. TSVLP shall be responsible for all property tax, insurance, and any other costs related to its use or ownership of this excluded asset.
Excluded Asset. Notwithstanding anything to the contrary in this Intellectual Property Security Agreement, none of the Excluded Assets (as defined in the Credit Agreement) shall constitute Intellectual Property Collateral.
Excluded Asset. At Closing, the Company shall transfer title to -------------- and possession of and control of that certain automobile identified as 1996 Lincoln Continental (the "Excluded Asset") to ▇▇▇ ▇. ▇▇▇▇▇▇.
Excluded Asset. The Parties hereby agree to supplement Schedule 2.02(a)(iv) to the Purchase Agreement by adding the following contract, which, for the avoidance of doubt, shall be deemed an Excluded Asset for all purposes under the Purchase Agreement: “2021 Contract for Shell Puget Sound Refinery Hourly, Group Number: 60021599, Regence BlueShield Medical Benefits, between Seller and Regence BlueShield, and all associated ancillary agreements thereunder (including the Retrospective Refunding Endorsement - Cumulative, dated January 1, 2021).”
Excluded Asset. Notwithstanding any other provision of this Agreement to the contrary, the Assets being sold to Buyer hereunder shall not include Seller’s cash or cash equivalents on hand at Closing and the assets described on EXHIBIT L (the “Excluded Assets”), which Seller shall be entitled to retain notwithstanding anything in this Agreement to the contrary.
Excluded Asset. Section 1.2 of the Agreement is hereby amended, effective May 3, 2001, to add to the list of Excluded Assets new item (j) as follows:
Excluded Asset. 8 ARTICLE IV