SPECIAL ASSETS Sample Clauses

SPECIAL ASSETS. (a) Neither Carlyle 14 nor Carlyle 15 will have any interest in any of the Artwork described on EXHIBIT "B" hereto, any benefits therefrom to accrue to Mxxxxxx Partners; provided that if any such artwork shall hereafter be removed from its present location, Mxxxxxx Partners shall promptly replace any Artwork it causes or permits to be removed with other artwork comparable in size and appearance to that so removed, in compliance with any governmental requirements presently in effect and with all requirements in the Permitted Exceptions, Tenant Leases, Loan Documents and Continuing Contracts (as such terms are defined in that certain Agreement Re: Purchase and Sale of Partnership Interests among Mxxxxxx Partners, Carlyle and Cxxxxxx Properties, Inc. dated June 28, 1985) relating to artworks in or around the Building, and shall promptly restore and finish the Property to first-class condition after any such removal.
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SPECIAL ASSETS. If any contract, license or permit (the “Special Assets”) may not be hypothecated by its provisions, by virtue of applicable law or without the consent of a third party, the hypothec and security interest created hereby shall be under the suspensive condition of such consent being obtained or such prohibition being waived or removed. Upon such consent being obtained, waived or removed or such legal prohibition ceasing to exist, the hypothec and security interest created hereunder shall automatically apply to such Special Asset without regard to this Section and without the necessity of any further assurance to effect such hypothecation. Unless and until the consent to such hypothecation is obtained as provided above or such legal prohibition ceases to be applicable, the Grantor shall, to the extent it may do so at law or pursuant to the provisions of the Special Assets in question hold all benefit to be derived from such Special Assets for the benefit of the Hypothecary Representative (including, without limitation, the Grantor’s interest in any Special Asset which may be held for the benefit of the Grantor by a third party), as additional security for payment of the Secured Obligations and shall deliver up all such benefit to the Hypothecary Representative, promptly upon demand by the Hypothecary Representative.
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SPECIAL ASSETS. Special Assets means all property other than cash and publicly traded securities held in the Account.
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SPECIAL ASSETS. Special Assets means all property to be deposited to the Account listed on Exhibit A hereto.
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SPECIAL ASSETS. The Disclosure Schedule sets forth a true and complete list of all Special Assets of each Bank as of January 31, 1997. The Special Assets of each Bank, as of such date, did not exceed (7.0%) of the total assets of such Bank.
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SPECIAL ASSETS. On or before December 31, 1997 Domestic Borrower agrees to (i) obtain all consents necessary for a transfer of at least one of the two Special Assets which are owned by Domestic Borrower (such transfer (x) to occur in accordance with the terms of the Ground Lease (and with the consent of the lessor under such Ground Lease) with respect to such Special Asset and (y) shall not have a negative impact on the value of such Special Asset), (ii) transfer such Special Asset to Special Subsidiary, (iii) execute and cause Special Subsidiary to execute, to the extent required by Administrative Agent, a reaffirmation of the Affiliate Guaranty, an amendment to the Domestic Collateral Security Agreement, UCC-1 financing statements and other documents requested by Administrative Agent to ensure that Secured Parties have a first priority lien on the stock of Special Subsidiary and (iv) cause such UCC searches to be performed and provide Administrative Agent such other evidence demonstrating that Special Subsidiary is not indebted to any Person (including Guaranteed Indebtedness), in each case as Administrative Agent shall request; provided, however, if Domestic Borrower is unable to cause all of the foregoing to occur on or before December 31, 1997, Domestic Borrower shall on or prior to December 31, 1997 prepay the Domestic Loan, pursuant to Section 2.3, in an amount equal the sum of the Allocated Loan Amounts for at least one of such Special Assets selected by Domestic Borrower in its sole discretion (a "SPECIAL ASSET EARLY REPAYMENT"), and obtain a Partial Release, pursuant to the provisions of Section 2.4.1, for such Special Asset.
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SPECIAL ASSETS. (a) The Company may not dispose of Special Assets, except as provided in this Article 20. As provided in this Agreement, all profits, losses and distributions related to Special Assets shall be allocated or distributed to the Special Member.
Sample 1
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Related to SPECIAL ASSETS

  • Financial Assets It will promptly credit each item of property (whether cash, investment property, security, instrument or other financial asset) delivered to the Financial Institution under the Indenture to the Collateral Account and treat each item of property as a “financial asset” (within the meaning of Section 8-102(a)(9) of the UCC); and

  • Investment Property (a) If such Grantor shall become entitled to receive or shall receive any stock or other ownership certificate (including any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any reorganization), option or rights in respect of Stock and Stock Equivalents in any issuer thereof, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares of or other ownership interests in the Pledged Securities, or otherwise in respect thereof, such Grantor shall accept the same as the agent of the Secured Parties, hold the same in trust for the Secured Parties and promptly deliver the same to the Administrative Agent in the exact form received (other than Excluded Stock), duly endorsed by such Grantor to the Administrative Agent, if required, together with an undated stock power or similar instrument of transfer covering such certificate duly executed in blank by such Grantor and with, if the Administrative Agent so requests, signature guaranteed, to be held by the Administrative Agent, subject to the terms hereof, as additional collateral security for the Obligations. Any sums paid upon or in respect of the Pledged Securities upon the liquidation or dissolution of any issuer thereof shall be paid over to the Administrative Agent to be held by it hereunder as additional collateral security for the Obligations if an Event of Default then exists, and in case any distribution of capital shall be made on or in respect of the Pledged Securities or any property shall be distributed upon or with respect to the Pledged Securities pursuant to the recapitalization or reclassification of the capital of any issuer thereof or pursuant to the reorganization thereof, the property so distributed shall, if an Event of Default then exists, and unless otherwise subject to a perfected security interest in favor of the Administrative Agent, be delivered to the Administrative Agent to be held by it hereunder as additional collateral security for the Obligations. If any sums of money or property so paid or distributed in respect of the Pledged Securities shall be received by such Grantor in violation of the immediately preceding sentence, such Grantor shall, until such money or property is paid or delivered to the Administrative Agent, hold such money or property in trust for the Secured Parties, segregated from other funds of such Grantor, as additional collateral security for the Obligations.

  • Special Assessments Sellers shall pay all special assessments which are a lien on the Real Estate as of the date of this contract. All other special assessments shall be paid by Xxxxxx.

  • General Assets All amounts credited in respect of the RSUs to the book-entry account under this Agreement shall continue for all purposes to be part of the general assets of the Company. The Participant’s interest in such account shall make the Participant only a general, unsecured creditor of the Company.

  • Special Assessment Liens Certified, confirmed, and ratified special assessment liens as of the Closing will be paid by the Seller. If a certified, confirmed, and ratified special assessment is payable in installments, the Seller will pay all installments due and payable on or before the Closing, with any installment for any period extending beyond the Closing prorated, and the Buyer will assume all installments that become due and payable after the Closing. The Buyer shall be responsible for all assessments of any kind which become due and owing after the Closing, unless an improvement is substantially completed as of the Closing. If an improvement is substantially completed as of the Closing but has not resulted in a lien before Closing, the Seller will pay an amount of the last estimate of the assessment. This subsection applies to special assessment liens imposed by a public body and does not apply to condominium association special assessments.

  • Securities Account All Permitted Investments have been and will be credited to a Securities Account. The securities intermediary for each Securities Account has agreed to treat all assets credited to the Securities Accounts as “financial assets” within the meaning of the applicable UCC.

  • Special Accounts 1. For the purposes of this Schedule:

  • “Financial Assets” Election The Financial Institution hereby agrees that each item of property (whether investment property, financial asset, security, instrument, general intangible or cash) credited to a Collateral Account to the extent that it constitutes a securities account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC.

  • Special Account 1. For the purposes of this Schedule:

  • Material Assets The financial statements of the Acquiror Company set forth in the SEC Documents reflect the material properties and assets (real and personal) owned or leased by the Acquiror Company.

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