Granted Assets definition

Granted Assets as defined in the Granting Clause. Holder: a holder of a Note.
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Granted Assets as defined in the Granting Clause. Holder: a holder of a Class A Note, Class B Note or a Class C Note.
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Granted Assets means the assets referred to in the Granting Clause of the Indenture.
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Examples of Granted Assets in a sentence

  • The Trustee hereby acknowledges the conveyance of the Granted Assets and the receipt of the Leases and the other Granted Assets granted by the Issuer hereunder and declares that the Trustee, through a custodian, will hold such Leases and other Granted Assets conveyed by the Issuer in trust, for the use and benefit of all Noteholders subject to the terms and provisions hereof.

  • The execution, delivery and performance of the Transaction Documents by the Company and the consummation by it of the transactions contemplated hereby and thereby have been duly and validly authorized by all necessary corporate action, and except as set forth on Schedule 2.1(b), no further consent or authorization of the Company or its Board of Directors or stockholders is required.

  • Granted Assets include gifted assets to Council such as roads, footpath and kerb and channels from developers who create new subdivisions.

  • The Trustee hereby acknowledges the conveyance of the Granted Assets and the receipt of the Leases and the other Granted Assets granted by the Company hereunder and declares that the Trustee, through a custodian, will hold such Leases and other Granted Assets conveyed by the Company in trust, for the use and benefit of all Noteholders subject to the terms and provisions hereof.

  • Indenture Trustee hereby acknowledges the conveyance of the Granted Assets and the receipt of the Leases and the other Granted Assets granted by Issuer hereunder and declares that Indenture Trustee, through a custodian, will hold such Leases and other Granted Assets conveyed by Issuer in trust, for the use and benefit of all Noteholders subject to the terms and provisions hereof.

  • All Lease Payments, Casualty Payments, Termination Payments and other payments relating to a Lease received at such designated address and so deposited shall constitute part of the Granted Assets.

  • For any public sale of the Granted Assets, the Trustee shall have provided each Noteholder with notice of such sale at least two weeks in advance of such sale which notice shall specify the date, time and location of such sale.

  • All Granted Assets shall be treated as equity by the utility companies in order to determine the actual cost of supply and to avoid injection of subsidy through the generation and network cost of supply.

  • All such amounts (other than investments made with such amounts, which shall be payable on each Payment Date to the Servicer as additional servicing compensation), shall be held by the Trustee in such accounts as part of the Granted Assets as herein provided, subject to withdrawal by the Trustee in accordance with, and for the purposes specified in the provisions of, this Indenture.

  • The Issuer shall pay all taxes when due and payable or levied against its assets, properties or income, including any property that is part of the Granted Assets.


More Definitions of Granted Assets

Granted Assets as defined in the Granting Clause. HOLDER: a holder of a Note.
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Granted Assets. The assets of the Granting Clause of the Indenture. Indemnified Party - Section 4.03 hereof. Indenture - the Indenture dated as of the date hereof, between the Company and the Trustee, as the same may be supplemented, modified or amended from time to time in accordance with the terms thereof. Inter-Company Loans - Section 13.01 hereof. Issuance Date - June 19, 1997.
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Related to Granted Assets

  • Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

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

  • 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.

  • 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).

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

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

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • 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.

  • Invested Assets means cash, Cash Equivalents, short term investments, investments held for sale and any other assets which are treated as investments under GAAP.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

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

  • 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.

  • Restricted Asset has the meaning specified in Section 2.4(1).

  • Specified Assets the following property and assets of such Grantor:

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

  • Affected Assets means, collectively, the Receivables and the Related Security, Collections and Proceeds relating thereto.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • 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.

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

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

  • Gross estate means the gross estate, for federal estate tax purposes.

  • Admitted assets means the amount thereof as of the last day of the most recently concluded annual statement year, computed in accordance with rule 191—5.6(505,515,520).

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Combined Assets means the sum of Fund Assets and Other Assets; and

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).