branch assets definition
branch assets means assets of the third-country insurance undertaking which are attributed to branch operations, excluding any notional book amount owing from the undertaking’s non-branch operations to the undertaking’s branch operations and which are available upon the winding-up of the undertaking to pay the insurance liabilities of branch policyholders in accordance with Guideline 26.
branch assets means all of the rights, benefits and assets of each Transferring Entity in respect of a Transferring Branch excluding: (i) the Transferring Assets referred to in paragraphs (a) through (f) (inclusive) of the definition of Transferring Assets in Schedule 1; and (ii) the Excluded Assets;
branch assets means the Real Property, the ATMs, the Fixed Assets, the Cash, the Leases, the Shared Space Agreements, the Safe Deposit Agreements and all keys for the safe deposit boxes and all of Seller’s records related to such safe deposit boxes. Branch Assets shall not include, nor shall Purchaser assume under this Agreement, (a) any actions, suits or proceedings pending, or to the Knowledge of Seller threatened, as of the Closing Date or (b) any liabilities, actions, suits or proceedings arising out of Seller’s actions prior to the Closing Date concerning the Branch Assets, except those that relate to the performance of a written agreement pursuant to the terms thereof following the Closing Date.
More Definitions of branch assets
branch assets means assets of the third-country insurance undertaking which are attributed to branch operations, excluding any notional book amount owing from the
branch assets means the Real Property, the ATMs, the Fixed Assets, the Consumer Loans, the Cash, the Leases, the Shared Space Agreements, the Safe Deposit Agreements and all keys for the safe deposit boxes and all of Seller's records related to such safe deposit boxes. Branch Assets shall not include, nor shall Purchaser assume under this Agreement, (a) any actions, suits or proceedings pending, or to the Knowledge of Seller threatened, as of the Closing Date or (b) any liabilities, actions, suits or proceedings arising out of Seller's actions prior to the Closing Date concerning the Branch Assets, except those that relate to the performance of a written agreement pursuant to the terms thereof following the Closing Date.
branch assets means all assets, properties and rights which are owned or used exclusively in connection with the conduct of the business of the Eagle Pass Branch, all of which shall be transferred at the Closing to the Purchaser free and clear of any liens, encumbrances, rights in any other party, or adverse interests of any kind. The Branch Assets include only the following:
branch assets means, with respect to any Acquired Location or Partially Acquired Location, the Assets (including Selected Branch Assets) primarily related to such Acquired Location or Partially Acquired Location to be acquired by Buyer at a Closing in connection with the transactions contemplated hereby.
branch assets means the furniture, fixtures, equipment, leasehold improvements related to ATMs and other assets owned by Seller and located in the Branch and used or held for use in the business or operation of the Branch.