Consigned Assets definition
Consigned Assets means all inventory and assets on consignment to MJP, wherever located. Schedule 1.36 lists the Consigned Assets located at the Fab as of the date hereof, which Schedule may be updated by the Seller Group prior to Closing to list consignment to MJP of any additional such Consigned Assets after the date hereof.
Examples of Consigned Assets in a sentence
The Buyer further agrees to use reasonable commercial efforts to find a buyer for the Consigned Assets and agrees that ▇▇▇▇▇▇ ▇▇▇▇▇▇ shall (for so long as he remains employed by the Buyer or an Affiliate) be responsible for the Buyer's efforts to find such buyer (it being agreed that the foregoing shall not require Buyer to retain ▇▇.
Upon the consummation of any sale of some or all of the Consigned Assets, Raytheon shall pay to the Buyer 40% of the proceeds received by Raytheon for such sale.
Raytheon, as owner of the Consigned Assets, shall have the authority to accept or reject any proposed sale of the Consigned Assets.