Surrender of Assets Sample Clauses

Surrender of Assets. On the Effective Date the parties herein shall execute the Deed of Surrender and the Licensee will surrender(in accordance with schedule G) and the Licensee will surrender the assets listed in schedule and the Service Provider will accept such assets. For the avoidance of doubt, or “Surrender” in this context, means the right to use and the duty to maintain such assets. The Licensee gives no warranty as to the completeness of the list of assets in the schedule nor as to the conditions or operational capacity of the items listed therein. Within Six (6) months after the Effective Date, the parties shall establish the Agreed Physical Asset Register and if not agreed upon, the Parties shall seek mediation over the issue. If the parties are not satisfied with the decision of the mediator, the parties shall refer the matter to the Water Appeals Board, the decision thereof will be final and binding. On Termination of this Agreement, the Service Provider shall return the assets to the Licensee or if the Licensee so elects, to a successor Service Provider. The Surrender may include Agreements as to existing liabilities. Water Services Regulatory Board – Service Provision Agreement for Category III 19
Sample 1See All (4)
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Surrender of Assets. Upon providing the Beneficiary with prior written notice, the Trustee shall properly surrender for payment all maturing Assets and all Assets called for redemption and shall promptly deposit the entire principal amount of the proceeds of any such payments into the Trust Account.
Sample 1

Related to Surrender of Assets

  • Transfer of Assets Sell, transfer, lease, or otherwise dispose of any of its assets, except in the ordinary course of business.

  • Liquidation of Assets We have the right to liquidate assets in your Xxxx XXX if necessary to make distributions or to pay fees, expenses, taxes, penalties, or surrender charges properly chargeable against your Xxxx XXX. If you fail to direct us as to which assets to liquidate, we will decide, in our complete and sole discretion, and you agree to not hold us liable for any adverse consequences that result from our decision.

  • Location of Assets To keep any property belonging to the Trust at any place in theUnited States.

  • REVERSION OF ASSETS (a) Upon expiration of the term of this Agreement, or upon any prior termination, Subrecipient shall transfer to City any funds provided hereunder which are on hand at the time of expiration or termination.

  • Custody of Assets Sub-Adviser shall at no time have the right to physically possess the assets of the Funds or have the assets registered in its own name or the name of its nominee, nor shall Sub-Adviser in any manner acquire or become possessed of any income, whether in kind or cash, or proceeds, whether in kind or cash, distributable by reason of selling, holding or controlling such assets of the Funds. In accordance with the preceding sentence, Sub-Adviser shall have no responsibility with respect to the collection of income, physical acquisition or the safekeeping of the assets of the Funds. All such duties of collection, physical acquisition and safekeeping shall be the sole obligation of the custodian.

  • Disposition of Assets The Company shall not, and shall not suffer or permit any Subsidiary to, directly or indirectly, sell, assign, lease, convey, transfer or otherwise dispose of (whether in one or a series of transactions) any property (including accounts and notes receivable, with or without recourse) or enter into any agreement to do any of the foregoing, except:

  • Condition of Assets 4 2.10 TITLE TO AND ENCUMBRANCES ON PROPERTY . . . . . . . . . . . . . . . . . . 4 2.11 INVENTORIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2.12 INTELLECTUAL PROPERTY RIGHTS; NAMES . . . . . . . . . . . . . . . . . . . 4 2.13

  • Acquisition of Assets In the event the Company or any Subsidiary acquires any assets or other properties, such assets or properties shall constitute a part of the Collateral (as defined in the Security Agreement) and the Company shall take all action necessary to perfect the Purchasers’ security interest in such assets or properties pursuant to the Security Agreement.

  • Preservation of Assets Each Obligor shall (and the Company shall ensure that each member of the Restricted Group will) maintain in good working order and condition (ordinary wear and tear excepted) all of its assets necessary in the conduct of its business where failure to do so has or is reasonably likely to have a Material Adverse Effect.

  • Protection of Assets (a) Except for transactions and activities entered into in connection with the securitization that is the subject of this Agreement, the Trust Fund created by this Agreement is not authorized and has no power to:

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