Added Assets definition

Added Assets means any properties, fixed equipment, moveable equipment, Replacement Equipment, real property and improvements and renovations, Capital Expenditures, inventories and other assets developed, contributed, constructed, purchased, owned, operated or leased by Company or any other Affiliate of Company, or any interest held by Company, any other Affiliate of Company in any other entity, business, assets or property developed, purchased, contributed, owned, operated or leased, in and for the exclusive use by Company, in service of, in support of and/or in connection with the operations of the Hospital, other than the assets owned by County prior to the Commencement Date of the Initial Lease or thereafter purchased or acquired by County and used in the operation of the Hospital, including County Equipment. However, Added Assets shall include only those assets dedicated to use solely in the operation of Hospital, and shall exclude any assets owned or acquired by Company that are shared or utilized by Company or its Affiliates in the operation of other hospitals or health care facilities; including, but not limited to, computers, software, billing, records, etc., in support of multiple business operations.
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Examples of Added Assets in a sentence

  • In addition, Company will transfer to County the Added Assets, associated with Company's operation of the Leased Premises necessary for County to continue to operate the Leased Premises, upon County’s payment to Company for the purchase of the Added Assets.

  • The County shall pay the costs of any title insurance and surveys and closing costs which County may, in its sole discretion, require in connection with the purchase of the Added Assets.

  • A Title Policy and the other deliveries consistent with Section 3.1(c)(ii) for the Substitution Added Assets.

  • Within thirty (30) days thereafter, the two Health Care Appraisers so selected shall determine the Fair Market Value of the Added Assets.

  • Should this Amended Lease be terminated by either Party or if it expires, then Company shall accept payment of the Fair Market value of the Added Assets over a period of up to thirty- six (36) months if so requested by County with interest calculated at the prevailing monthly London Interbank Offered Rate (“LIBOR”).

  • Within thirty (30) days thereafter, the two CPAs so selected shall determine the Book Value of the Added Assets.

  • All Replacement Equipment shall become and be deemed a part of the Hospital, as Added Assets.

  • With respect to Capital Expenditures subject to purchase by County from Company as Added Assets at Lease termination, Company shall notify County of the need for capital improvements in excess of Fifty Thousand Dollars ($50,000.00) including, but not limited to the need to build out additional bed and program space.

  • Approval by County of the purchase of Added Assets shall not be a condition precedent to the County’s obligation to purchase Added Assets upon expiration or termination of the Lease as required herein.

  • With respect to Capital Expenditures subject to purchase by County from Company as Added Assets at Lease termination, Company shall notify County of the need for capital improvements in excess of Fifty Thousand Dollars ($250,000.00) including, but not limited to the need to build out additional bed and program space.

Related to Added Assets