Australian Assets definition

Australian Assets means the GM Acquired Assets located or taken to be located in Australia.

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Australian Assets means any of the shares of Caterair Airport Services Pty Limited owned by Caterair Australia Pty Limited which Qantas Flight Catering Holdings Limited has the option to acquire pursuant to the exercise of the call options respectively described in clauses 19A, 19B and 19C of the Restated Shareholders Deed made on December 18, 1996 among Caterair Airport Services Pty Limited, Caterair Australia Pty Limited, Caterair, CII, OFSI, Qantas Airways Limited and Qantas Flight Catering Holdings Limited.

Australian Assets means all of the assets that are material and necessary for the operation of the Australian Business, including those Contracts set forth on Schedule 1.1(h); provided, however, that the Australian Assets (i) shall not include any Contracts related to the Australian Business other than those set forth on Schedule 1.1(h), and (ii) shall not include the Excluded Australian Assets, in either case, without regard to whether such Contracts or such assets are material or necessary to the Australian Business.

Examples of Australian Assets in a sentence

After the Closing, to the extent that the Australian Assets have not been sold or liquidated in accordance with this Section 3.16, the parties agree to maintain the existing license agreement between Florsheim and the Australian Subsidiary on the same terms and conditions as of the date hereof.
Lend Lease, LLPMA and Compass Australia shall use commercially reasonable efforts to complete the transactions contemplated by the Australian Transfer Agreement, including, but not limited to, providing assistance in the transfer of the Australian Assets, obtaining all necessary Consents and taking all other action as may be required to give effect to the transfer of the Australian Business to Compass Australia prior to the Australia Closing Date.
If the Australian Sellers elect to liquidate the Australian Assets, Buyer hereby agrees to enter into one or more license agreements with the Australian Sellers or one or more third party buyers of such assets each in form and substance reasonably satisfactory to the Buyer and such other parties for the limited purpose of liquidating the Australian Assets.
Except as required to consummate a sale of the Australian Assets (the terms of which comply with SECTION 6.7 and are otherwise acceptable to the Administrative Agent), create, incur, assume or suffer to exist, and shall not permit any Subsidiary to create, incur, assume or suffer to exist, any Lien upon any of its properties, assets or revenues, whether now owned or hereafter acquired, except for Permitted Liens.
Prior to the Australia Closing Date, Compass Australia shall own and have an unqualified right to the Australian Assets, free and clear of all Liens, except for Permitted Liens.

More Definitions of Australian Assets

Australian Assets means assets of the Borrower's Subsidiaries including, without limitation, Investments held by any Subsidiary in WA Gas Holdings Pty Ltd., Power Partnership Pty Ltd., or Energy Partnership Holdings Pty Ltd.

Australian Assets means assets situated, or deemed by law to be situated, in Australia ;

Australian Assets means assets in Australian currency within Australia, other than such amounts as may be approved by the Treasurer.

Australian Assets means the portfolio of assets held by TEA, consisting of 425 MW of power generation from six operating assets, which are operational and contracted under long-term contracts, the 150 MW South Hedland Power Station Project that is currently under construction, as well as a recently commissioned 270 km gas pipeline.