Team Assets Sample Clauses

Team Assets. Three months prior to this Agreement ending dueto its expiration, unless the Agreement has been renewed, or immediately uponreceipt of any notice of termination or intent to terminate Owner will supplyWPHLI with copies and lists of all tangible and intangible rights and assetsrelated in any way to operation of Owner's Team and Owner's Team's use of theHome Arena, specifically including, without limitation, all supplier, vendor,lease, insurance, marketing, internet, customer, employee and other agreements,address lists, season ticket holder and customer lists, site leases, equipment,inventory, equipment, fixtures, supplies, furnishings, books, past and currenttax returns, real and personal property, indoor and outdoor signs, telephonelistings, and any and all other tangible and intangible rights and assets (allcollectively "Property"). WPHLI may, at its sole option, immediately acquireany, some, or all of the Property until ninety days after Owner supplies WPHLIwith a complete set of such copies and lists, together with sufficientinformation for WPHLI to calculate the value and acquisition price of all suchitems. Effective upon WPHLI giving Owner notice of such acquisitions as WPHLIchooses to make, same, all, or none made severally or as a group, Ownerimmediately ceases to have any rights in the acquired Properties other than forcompensation as stated herein. Such acquisitions immediately vest all legal,equitable, and beneficial title and rights to the acquired Properties solely in 32 Owner WPHLI WPHLI, free and clear of any lien, charge, encumbrance, security interest or thelike not previously approved by WPHLI. Owner will immediately sign anyassignments or other documents presented by WPHLI which WPHLI deems convenientto giving full useful effect and benefit to these transfers and will immediatelyassist and permit the acquired Properties to be immediately occupied or removedas directed by WPHLI. If no price is agreed on for an acquired Property then itsprice shall be the lower of (a) if its value is listed in Owner's federal incometax returns, the lesser of the depreciated value shown on Owner's last federalincome tax return, or cost less straight line depreciation over its useful lifefor a period of no more than five years without any allowances as determined byan independent appraiser selected by WPHLI or, (b) if it is rented or leased,assumption of payment obligations for possession subsequent to the acquisition,
Sample 1
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Team Assets. Commencing on the Stadium Opening Date and continuing throughout the Term, subject to the terms and conditions of this Agreement, StadCo grants to Naming Rights Partner the rights with respect to the Team Assets as set forth on Schedule 3, and after consultation with Naming Rights Partner, StadCo will use its commercially reasonable efforts to implement the Team Assets, and will diligently work to have the Team Assets implemented as soon as possible during such period.
Sample 1

Related to Team Assets

  • 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:

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

  • 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):

  • Purchased Assets Subject to the terms and conditions of this Agreement, at the Closing, each Seller shall sell, convey, assign, transfer and deliver to the Buyer, and the Buyer shall purchase, free and clear of all Encumbrances, all right, title and interest of such Seller in and to the following Assets (collectively, the “Purchased Assets”):

  • 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.

  • Property or Properties As the context requires, any, or all, respectively, of the Real Property acquired by the Company, either directly or indirectly (whether through joint venture arrangements or other partnership or investment interests).

  • Title to Properties The Company and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as could not, individually or in the aggregate, have a Material Adverse Effect. As of the Closing Date, the property of the Company and its Subsidiaries is subject to no Liens, other than Permitted Liens.

  • Business Assets The Company Assets comprise all of the property and assets of the Business, and none of the Vendor or the Significant Shareholders nor any other person, firm or corporation owns any assets used by the Company in operating the Business, whether under a lease, rental agreement or other arrangement;

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

  • Other Assets i. Shares of other investment companies (open- or closed-end funds and ETFs) the assets of which consist entirely of Eligible Assets based on the Investment Adviser’s assessment of the assets of each such investment company taking into account the investment company’s most recent publicly available schedule of investments and publicly disclosed investment policies.

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