Chicago Assets definition

Chicago Assets means the Telecommunications Assets owned by the Borrower and its Subsidiaries that are, on the Initial Borrowing Date, physically located in the Chicago, Illinois metropolitan area and utilized to provide telecommunications services to customers of the Borrower or its Subsidiaries in the Chicago, Illinois metropolitan area plus (i) such additional Telecommunications Assets as are, after the Initial Borrowing Date, purchased for such cable systems and located in the Chicago, Illinois metropolitan area pursuant to Capital Expenditures made in accordance with Section 9.07, (ii) related net working capital and (iii) Equity Interests in Persons that own no assets other than such assets.
Sample 1
Chicago Assets means the Telecommunications Assets owned by the Borrower and its Subsidiaries that are, on the Initial Borrowing Date, physically located in the Chicago, Illinois metropolitan area and utilized to provide telecommunications services to customers of the Borrower or its Subsidiaries in the Chicago, Illinois metropolitan area plus (i) such additional Telecommunications Assets as are, after the Initial Borrowing Date, purchased for such cable systems and located in the Chicago, Illinois metropolitan area, (ii) related net working capital and (iii) Equity Interests in Persons that own no assets other than such assets.
Sample 1
Chicago Assets means the Telecommunications Assets owned by the Company and its Subsidiaries that are, on the Effective Date, physically located in the Chicago, Illinois metropolitan area and utilized to provide telecommunications services to customers of the Company or its Subsidiaries in the Chicago, Illinois metropolitan area plus (i) such additional Telecommunications Assets as are, after the Effective Date, acquired for such cable systems and located in the Chicago, Illinois metropolitan area pursuant to Capital Expenditures made in accordance with clause (a) of Annex I, (ii) related net working capital and (iii) Equity Interests in Persons that own no assets other than such assets; provided, however, that assets described in clause (1) and (2) on Schedule II hereto shall not constitute Chicago Assets.
Sample 1

Examples of Chicago Assets in a sentence

  • Notwithstanding the provisions of Section 6.6 of the Credit Agreement, as of the Second Amendment Effective Date, the Required Lenders hereby consent to the sale by the Borrower and its subsidiaries of the Specified Chicago Assets at fair value for cash consideration.

  • The Stockholders shall have caused the Companies to convey the Chicago Assets to Newco at the Closing free and clear of all Encumbrances other than Permitted Encumbrances.


More Definitions of Chicago Assets

Chicago Assets means all of IFCO Chicago's title or interests in owned or -------------- leased real property (including, without limitation, improvements on such property but excluding the leased real property pursuant to the Interim Parking Agreement dated December 22, 2000 by and between the State of Illinois Medical District Commission and Acme Barrel Company), equipment, machinery, tools, spare parts, supplies, inventory (including, without limitation, spare parts inventory) and work-in-progress, all right, title and interest of IFCO Chicago in, to and under the Chicago Listed Permits (defined below), in each case to the extent such assets are located and used in the operation of the Business of IFCO Chicago conducted at 0000 X. 00xx Xxxxxx, Xxxxxxx, Xxxxxxxx, comprised of owned real property located at 1255, 1300, 1310, 1313, 1315, 1317, 1335 and 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx, 0000 Xxxxx Xxxx Xxxxxx, Chicago, Illinois, 1301 and 0000 Xxxxx Xxxxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx, and 2301, 2311 and 0000 Xxxx Xxxxx Xxxxxx, Chicago, Illinois (collectively, the "Chicago Facility"); ---------------- provided, however, Buyer or its Affiliate may, in its sole discretion, notify -------- ------- Parents and Sellers prior to the Chicago Closing that Buyer or its Affiliate wishes to assign to a third-party designee Buyer's or its Affiliate's right to purchase some or all of the Chicago Assets from IFCO Chicago; provided, further, -------- ------- the leased real property located at 000 X. 00xx xxx 0000 Xxxxxxx, Chicago, Illinois that is leased pursuant to the Industrial Building Lease by and between Xxxxxxx X. Xxxxxx/Xxxxxx X. Xxxxxx, Chicago Title and Trust, Trust No. 53856 c/o Xxxxxxx Xxxxxx, as lessor and Acme Barrel Company , Inc., dated as of November 27, 1996, shall be excluded from the Chicago Assets, shall instead be considered Acquired Assets and shall be acquired at Closing."
Sample 1

Related to Chicago Assets

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Sold Assets has the meaning set forth in Section 2.01(b).

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Loan Assets means, collectively and as applicable, the Initial Loan Assets, the Substitute Loan Assets and the Additional Loan Assets, as applicable.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Fixed Assets means Equipment and Real Estate.

  • Connection Assets means that portion of the distribution system used to connect a customer to the existing main distribution system, and consists of the assets between the point of connection on a distributor’s main distribution system and the ownership demarcation point with that customer;

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Subject Assets is defined in Section 2.2(c).

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Real Estate-Related Securities shall have the meaning set forth in the Charter.