Funded Asset definition

Funded Asset means an Asset purchased wholly or partly with any Funding and includes an Asset purchased to replace such an Asset;
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Funded Asset means Network Infrastructure on a Site, as specified in Schedule 8 and varied from time to time in accordance with this Agreement.
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Funded Asset means those assets, both tangible and intangible to be purchased by SITA SC (or the applicable SITA Group Company) and funded by Equant. “Funded Assets” means all such assets collectively.
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Examples of Funded Asset in a sentence

  • Any proceeds or other amount that may be paid to You under a policy of insurance described in clauses 20.1(a)(ii) or (iii) must be applied by You towards the repair or replacement of the Funded Asset, except to the extent that We may otherwise require You to pay that amount to Us in payment of any amount owing to Us by You under clause 20.1(d).

  • The Authority reserves the right to determine the outcome of any Fixed and/or Programme Funded Asset created as a result of the Funded Activities or purchased with the Grant.

  • Where the Lead Partner uses any of the Grant to purchase any Programme Funded Asset or Fixed Asset, the Lead Partner must ensure that such Assets are maintained in good condition over the Grant Period.

  • To the extent that the Security Trustee receives any partial loss proceeds in connection with a Funded Asset which has suffered an insured event that is not a Total Loss, the Security Trustee shall consent to the release and payment of all or part of such amount to the applicable Asset Lessee or Loan Asset Borrower in accordance with the applicable Asset Lease or Loan Asset.

  • Upon discussion with UoE, the Authority reserves the right to determine the outcome of any Fixed and/or Programme Funded Asset created as a result of the funded Research or purchased with the Grant.

  • Upon receipt of the Net Available Proceeds relating to a Total Loss of a Funded Asset, and in any event within 365 days of the occurrence of such Total Loss, or if longer, the period set forth in the applicable Portfolio Document, the Borrower shall prepay an amount equal to the Mandatory Prepayment Amount on the date as determined pursuant to section 8.01(c)(i) of the Security Agreement.

  • If the Funded Asset is an intangible asset, all rights, title and interest in and to such intangible asset (including without limitation, as applicable, copyrights, inventions (whether patentable or not), licences, trade secrets and the like) shall pass to Equant at that time.


More Definitions of Funded Asset

Funded Asset means any Owned Asset or Underlying Asset related to an Asset Lease, a Loan Asset, or any Unutilized Asset or Inventory Asset in respect of which a Loan has been made hereunder which is outstanding. “Funding Account” means the following account of the Security Trustee: Bank Name: Bank of Utah ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇. Swift Code: [*] ABA/Routing #: [*] Beneficiary: Account Name: Bank of Utah Corporate Trust Account #: [*] Reference: [*] or such other account as notified by the Security Trustee to the Lenders from time to time with reasonable notice. “GAAP” means the generally accepted accounting principles of the United States. “Governmental Authority” means the government of the United States of America or of any other nation, or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity (including any federal or other association of or with which any such nation may be a member or associated) exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government or any securities exchange. “Grantors” has the meaning given to such term in the Security Agreement. “Group 1 Assets” means (a) each Engine that is a [*], [*], [*], [*], [*], [*], [*], [*] or [*] model Aircraft Engine (or a model of Aircraft Engine that is a future variant of such model) and (b) each Airframe to which an Aircraft Engine listed in clause (a) above may be affixed and is subject to an Asset Operating Lease and, in each case, is not a Group 3 Asset; provided that
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