Frozen Assets definition
Frozen Assets means any assets frozen pursuant to Section II of the Temporary Restraining Order (Doc. No. 13 at 5-6), Section II of the Stipulated Preliminary Injunction (Doc. No. 70 at 4-6), and/or Section E of the Final Judgment (Doc. No. 142 at 14-15), as modified by the Court’s February 28, 2011 and June 23, 2011 Orders (Doc. Nos. 115, 147).
Examples of Frozen Assets in a sentence
If and when the SEC grants F10 permission to sell or otherwise dispose of the Frozen Assets, the control of these assets will revert to ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, the current President of F10.
The parties hereby agree that F10's existing officers shall retain authority over the distribution of its existing frozen cash assets as well as the oil and gas investments within F10 as of the date of this Agreement (the "Frozen Assets").