New Assets a. No later than six (6) months before the end of the original twenty-five-year (25-year) term of the Concession, the Concessionaire shall submit to the Regulatory Office a list of all Recovered Assets, including supporting documents. The Concessionaire shall cause the transfer of all rights, interest, and title to such Recovered Assets to MWSS on or before the end of the original twenty-five (25-year term of the Concession. All costs, expenses, and taxes arising from or in relation to such transfer shall be for the account of the MWSS.
New Assets. 6.7.1 New Assets acquired by the Contractor in performing this Agreement shall be acquired on behalf of the Authority and shall pass into the immediate ownership of the Authority and become Authority Assets.
New Assets. Notwithstanding anything to the contrary set forth herein, the parties acknowledge and agree that the New Assets shall not be purchased by Buyer until and unless, in the case of each New Structure, the construction of the New Structure has been completed and all appropriate Permits for such New Structure have been obtained, and the New Structure and the related Permits, Site Lease and Advertising Services Agreements, if any, otherwise conform with the representations and warranties set forth herein for such assets. To the extent that such conditions have not been satisfied with respect to any New Structure on the Closing Date, the New Structure and its related Permits, Site Leases and any Advertising Services Agreement shall not be included in the Purchased Assets purchased at Closing and the related liabilities not included in the Assumed Liabilities assumed at Closing, and the Purchase Price shall be reduced by the New Structure Purchase Price for such New Structure and related New Assets. At such time as the conditions for any such New Structure have been met, the Seller shall transfer the New Structure and the associated Permits, Site Leases and any Advertising Services Agreement, and the Buyer shall pay Seller the New Asset Purchase Price, subject to any applicable prorations determined in accordance with Section 2.6, in cash, for the same, and in all other respects the purchase of such New Assets shall be in accordance with and subject to the terms of this Agreement as if such transfer had occurred at the Closing. Seller agrees to use its Best Efforts to deliver all the New Assets on or before February 15, 1998. After such date, neither Buyer nor Seller shall have any further obligations hereunder with respect to any New Assets not delivered to Buyer on or prior to such date.
New Assets. (i) The Manager shall cause the applicable Securitization Entity to enter into or acquire each of the following, to the extent entered into or acquired after the Closing Date: (a) all New Franchise Agreements, New Area Development Agreements and Franchisee Notes, (b) all After-Acquired Securitization IP, (c) all New Securitized Corporate-Owned Stores and the related New Contributed Corporate-Owned Store Assets and New Contributed Corporate-Owned Store Leases, (d) all New Securitized Equipment Supply Agreements and (e) all Securitized Franchisee Leases; provided, that the Manager shall not be required to cause any Securitization Entity to enter into any agreements or acquire any other assets relating to the Franchise Store Business, the Securitized Corporate-Owned Store Business or the equipment distribution business in any country other than the United States and, solely with respect to the acquisition of After-Acquired Securitization IP, Canada. The Manager may, but will not be obligated to, contribute to the Master Issuer or its applicable Subsidiary, or otherwise cause the Master Issuer or its applicable Subsidiary to enter into, develop or acquire other assets and liabilities of a type and nature similar to the Securitized Assets held by the Securitization Entities on the Closing Date (“Other Assets”).
New Assets. The Contractor shall provide such New Assets as it deems necessary to enable it to provide the Services or perform the Commercial Contracts, in each case in accordance with, and subject to, the Statement of Requirements and shall comply with the Statement of Requirements in providing and installing such New Assets.
New Assets. The Concessionaire shall procure/ provide the New Assets in accordance with the Development Plan and Construction Requirements and operate & maintain them during the Operations Period in accordance with the O&M Requirements.
New Assets. Legal title to all fixed assets contributed to the MWSS system in the Service Area by the Concessionaire during the term of the Concession shall remain with the Concessionaire until the Expiration Date (or the Early Termination Date) at which time all right, title and interest in such assets shall automatically vest in MWSS. The Concessionaire may mortgage or create security interest over such assets solely for the purpose of financing (or refinancing) the acquisition or construction thereof; provided, however, that no such mortgagce or security interest shall extend beyond the Expiration Date and , provided further, however, that no such mortgage or security interest shall be subject to foreclosure except following an Event of Termination. The Concessionaire shall not, without the prior approval of MWSS, create a security interest of any kind over all or any part of the Facilities to which MWSS has legal title. Legal title to all facilities (including any fixed assets resulting from the exercise of rights and powers referred to in Section 7.2 below) other than new assets contributed by the Concessionaire shall remain with MWSS.
New Assets. If new Assets are added as a result of SR or ROI work, official Maximo asset numbers must be obtained from the COR.
New Assets. Promptly after the acquisition by any Credit Party of any assets, whether consisting of general intangibles, real property, leasehold estates, stock, partnership interests or personal property, with an aggregate value in excess of $500,000 which do not constitute Collateral, the relevant Credit Party shall execute and deliver to the Collateral Agent, for the benefit of the Lenders, a Security Document and any other document which the Collateral Agent may reasonably require, in order to create a first priority perfected security interest in, or lien on, such asset.
New Assets. In the event any New Asset (other than a Table Funded New Asset) is approved to be included in the Borrowing Base pursuant to Section 2.03(d)(i) hereof and as a condition precedent to the effectiveness of such approval, the Borrower Agent shall have delivered to the Lender duly authorized and executed New Asset Legal Documents. On or before each Funding Date with respect to each Table Funded New Asset, the Borrower Agent shall cause the settlement agent for such Table Funded New Asset to deliver to the Custodian by facsimile the related mortgage note, if any, and a settlement agent trust receipt issued with respect to such Table Funded New Asset.
