Contracted Assets definition
Examples of Contracted Assets in a sentence
Simultaneously with the transfer of title to any Contracted Vessel on the applicable Contracted Assets Date of Closing, the Purchaser or, as applicable, its Designated Subsidiary shall pay the relevant Contracted Vendor the relevant purchase price for such Contracted Vessel.
Each sale and transfer of Contracted Assets is hereinafter referred to as a “Contracted Assets Closing”.
In addition, Abengoa grants to Yield and Yield’s Affiliates a right of first offer on any proposed Transfer involving any four (4) Contracted Assets located in (i) the following countries in Africa: Morocco, Tunisia, Algeria, South Africa, Namibia, Kenya and Ghana; (ii) the following countries in the Middle East: Israel, United Arab Emirates, Saudi Arabia, Qatar and Oman; and (iii) the following countries in Asia: Turkey, Japan, Malaysia, Thailand, India and Australia (the “Secondary Geographies”).
Additionally, Abengoa may offer Contracted Assets in other geographies and may offer Contracted Assets of a different nature than the Contracted Assets.
The Vendors and the Purchaser agree to allocate the Initial Assets Purchase Price among the Initial Assets in accordance with Schedule 3.1 hereto and the Contracted Assets Purchase Price among the Contracted Assets in accordance with Schedule 3.2 hereof.
In case the Parties do not reach an agreement of which asset should be added to the list after 20 calendar days of such acquisition or ROFO Termination Date, Abengoa will in good faith propose three Contracted Assets in Secondary Geographies and Yield will pick one out of those three to be added to the list.
The list of the four (4) Contracted Assets in Secondary Geographies considered as Abengoa ROFO Assets will be updated to include a replacement Contracted Asset any time Yield acquires an asset or a ROFO Termination Date occurs with respect to a Contracted Asset from that list.
Each Party will report the sale and purchase of the Initial Assets and the Contracted Assets for all federal, provincial, state and local tax purposes in the form and in a manner consistent with such allocation.
Each Party will report the sale and purchase of the Contracted Assets for all federal, provincial, state and local tax purposes in the form and in a manner consistent with such allocation.
A report by such surveyor including an inventory and the condition of the Contracted Assets shall be submitted to the Licensor as part of the requirements of the Transfer Information Notice within three months of receipt of such notice.