Regulated Assets Sample Clauses

Regulated Assets. Notwithstanding anything to the contrary herein, only those authorized to possess and handle marijuana for medical/recreational use pursuant to any law relating to the farming, growth, manufacturing, production, processing, extraction, packaging, sale or distribution of any marijuana or marijuana-related product, including any cannabidiol product, are permitted to possess regulated assets, such as marijuana and marijuana-infused products, without being subject to law enforcement action. Therefore, all such regulated assets are not subject to seizure by Lender or other parties unauthorized to possess them; rather, Lender must seek and obtain approval from the applicable Governmental Authorities, or otherwise comply with the requirements thereof as set forth above, before Lender and/or Lender’s agents and employees during the continuance of an Event of Default may lawfully, in addition to and not in derogation of any remedies from any preceding breach of this Agreement, immediately or at any time thereafter and with process of law enter into upon any areas of the Facility in which cannabis products are sold, processed, stored or manufactured or any part thereof in the name of the whole and repossess the same and expel Borrower or Operator and those claiming through or under Borrower or Operator and remove its and their effects, without prejudice to any remedies which might otherwise be used for arrears of payments due under or with respect to the Loan or prior breach of covenant. Nothing herein shall be construed to permit Lender to possess, sell or otherwise dispose of Lender’s property that is cannabis or cannabis-infused product or any waste product from the processing thereof. If required by applicable Legal Requirements, Lender shall at no time possess keys to any areas of the Facility in which cannabis products are sold, store or manufactured, and shall, at all times during any access to any portion of the Premises in which cannabis products are sold, stored or manufactured, be accompanied by a member of Borrower’s management team.
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Regulated Assets. All of the interests owned by Xxxxxxxx 66 Company and its Affiliates in each of the following pipelines or pipeline systems, as applicable: • Buffalo Terminal • Casper Terminal • CushPo • Glacier Pipeline System • Line O, Line WA • Line 80 • North Texas Gathering Pipeline System • Oklahoma Mainline Pipeline System • West Texas Gathering • ATA Pipeline • BAM Pipeline • Cherokee East • Cherokee North • Cherokee South • Medford Triangle • Ponca Crude Terminal • SAAL Pipeline • Seminoe Pipeline • Wichita South Terminal. US-DOCS\70615498.10 SCHEDULE 2.5 CAPITAL EXPANSION PROJECTS (EXCLUDED LIABILITIES) Mount Xxxxxx Terminal butane blending: Add butane blending capability. Glenpool Terminal butane blending: Add butane blending capability. Tremley Point jet tank reactivation: Reactivate jet tanks. Line O reversal: Reverse pipeline flow. Amarillo Terminal butane blending: Add butane blending capability. Spectra origination point at Buffalo Terminal down 8" and DRA Skid: Add drag reducing agent (DRA) skid to increase line capacity ~2-3 MBD. EOG offload upgrades at the Wichita Falls Crude Terminal: Add truck unloading dump at Wichita Falls Crude Terminal. Xxxxx Truck Station Upgrade: Add pump capacity. University Gathering Lateral Reactivation: Put idle line back into service. SCHEDULE 3.9(b) PERMITTED LIENS Subject to the following:
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Regulated Assets. The Purchasers and the Seller Companies acknowledge and agree that legal title to certain of the Purchased Assets cannot legally be transferred from the Seller Companies to the Purchasers until such time as the applicable Regulatory Consents are obtained. Such Purchased Assets are referred to herein as the "Regulated Assets". Notwithstanding anything to the contrary contained herein, the Regulated Assets and related Assumed Liabilities shall be retained by the Seller Companies (subject to the Management Agreement) and not legally transferred to the Purchasers until the occurrence of the applicable Second Closing, in accordance with Section 3.2 and Section 7.2.
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Regulated Assets. The Parties shall use commercially reasonable good faith efforts to negotiate, execute and deliver an agreement pursuant to which (A) Purchaser or its Affiliate will acquire promptly after the Closing, but subject to any required regulatory approvals, substantially all of the Regulated Assets of Seller on the terms set forth on Schedule 5.14 (the “Regulated Asset Agreement”); and (B) the Parties agree to provide the necessary services to Broadsmart Florida, Inc. in order to conduct the business of the Regulated Assets substantially in the form of the Transition Services Agreement. Notwithstanding the foregoing, in any case, the Parties will provide the necessary assets and personnel to Broadsmart Florida, Inc. and/or Seller to conduct the business of the Regulated Assets.
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Regulated Assets 
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Related to Regulated Assets

  • Retained Assets Notwithstanding anything to the contrary in Sections 2.1 through 2.9 or elsewhere herein, the Assets do not include the following (the “Retained Assets”):

  • Commingling Assets The assets of your IRA cannot be commingled with other property except in a common trust fund or common investment fund.

  • Excluded Assets Notwithstanding the foregoing, the Purchased Assets shall not include the following assets (collectively, the “Excluded Assets”):

  • Environmental Attributes Seller acknowledges and agrees that any Environmental Attribute associated with or related to the Product will not be sold or otherwise made available to a third party but will be sold to Buyer pursuant to this Agreement. For the avoidance of doubt, the Product sold hereunder must meet the definition of “renewable energy credit” under the IPA Act.

  • Transferred Assets (a) As of the Effective Time (as defined in Section 2.1) and upon the terms and conditions set forth herein, Seller will sell, assign, transfer, convey and deliver to Purchaser, and Purchaser will purchase from Seller, all of the transferable rights, title and interests of Seller in the following assets associated with the Banking Centers and identified in this Agreement and the Schedules and Exhibits hereto, and not otherwise excluded pursuant to the provisions of Subsection 1.1(b):

  • Acquired Assets 11 Upon the terms and subject to the conditions set forth in this Agree- ment, at the Closing Seller shall sell, assign, transfer, convey and deliver to Buyer free and clear of all Liens, and Buyer shall purchase, acquire and take assignment and delivery of, all right, title and interest of Seller in and to the Acquired Assets, including the following:

  • Leased Assets The term "Leased Assets" shall have the meaning ascribed thereto in Section 3.6.

  • The Properties 3.1 All of the Properties are in England, Wales or Scotland.

  • Excluded Assets and Liabilities Notwithstanding that this ------------------------------- Agreement relates to the purchase of capital stock from Seller by Purchaser, which results in the Company retaining any and all of its assets and liabilities, it is understood and agreed that Seller shall remove from the Company's premises prior to Closing and/or, as appropriate, remove from the Company's books and records, only those particular assets set forth on Schedule 1.3 hereto (the "EXCLUDED ASSETS"). Further, Seller shall assume any and all liabilities set forth on Schedule 1.3 hereto (the "EXCLUDED LIABILITIES"). Purchaser agrees that it shall cause Penta-Gen and the Company to execute any and all such bills of sale, assignments and/or agreements as may be necessary to transfer title to the Excluded Assets to Seller and to assign and/or transfer the Excluded Liabilities to Seller. The parties hereto further agree that no other assets of the Company, whether tangible or intangible, shall be removed from the Company's premises or from the Company's books and records except in the ordinary course of the Company's Business as provided herein from and after December 31, 1995 through the Closing Date.

  • Contributed Assets In accordance with Section 704(c) of the Code, income, gain, loss and deduction with respect to any property contributed to the Company with an adjusted basis for federal income tax purposes different from the initial Asset Value at which such property was accepted by the Company shall, solely for tax purposes, be allocated among the Members so as to take into account such difference in the manner required by Section 704(c) of the Code and the applicable Regulations.

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