Identified Asset definition
Examples of Identified Asset in a sentence
For six (6) months after Closing, either Party may identify any asset or property that such Party reasonably believes is a Transferred Asset that was not transferred at Closing or an Excluded Asset that was transferred at Closing (each, an “Identified Asset”) and request in writing that such other Party promptly assign, transfer, convey or deliver such Identified Asset to such Party.
All divestitures to Competing Department Stores must include assurances by the acquirer that it will maintain each Identified Asset as a viable enterprise engaged in the department store business for a minimum of seven (7) years.
No prior approval from the Attorneys General is necessary to the extent an Identified Asset is sold to a Competing Department Store, except that Federated shall give the Attorney General of the pertinent State fourteen (14) days’ advance notice before the closing of any divestiture of the substance and terms of each proposed divestiture herein and the opportunity to review pertinent transaction documents and interview pertinent personnel of Federated and the Competing Department Store acquirer.
Net Sales Proceeds in the foregoing sentence shall not include Crop Value, if any, or any sale transaction expense or cost properly and entirely allocable to Crop Value; provided, however that any such expense or cost which cannot be determined as properly and entirely allocable to either the sale of a Pre Identified Asset or the sale of the growing crops underlying the Crop Value shall be allocated based on the gross sales prices of the Pre Identified Asset and the Crop Value.
In the event any Identified Asset remains on the books of the Bank or Bancshares as of the last Business Day prior to the Closing, the Bank shall, prior to the Closing, cause each such Identified Asset to be charged off of the books of the Bank (or, if applicable, Bancshares) in full, which charge-off shall be made, and reflected for all purposes on the books of the Bank and/or Bancshares, as of the Measurement Date.
In the event an Identified Asset is assigned to an Affiliate of Bancshares for the purpose of facilitating the transfer of the beneficial interest in one or more Identified Assets to the shareholders of Bancshares, such assignment shall be made in compliance with the provisions of the Banking Affiliates Act and the regulations issued thereunder to the extent applicable to such transfer.
Leases May Be Hiding in Supply better Service Contracts Definition of goods Lease Identified Asset Criterion 1 Explicitly or implicitly specified asset.
In the event of a dispute regarding the classification of an asset as a Later Identified Asset, a representative of each Party shall meet and discuss such classification in good faith.
For the purposes hereof, the term Identified Asset shall include any real or personal property accepted prior to the Closing in satisfaction or partial satisfaction of a loan constituting an Identified Asset, by deed-in-lieu, foreclosure or otherwise.
For six (6) months after Closing or any Deferred Closing, as applicable, either Party may identify any asset or property that such Party reasonably believes is a Transferred Asset that was not transferred at Closing or such Deferred Closing, as applicable, or an Excluded Asset that was transferred at Closing or such Deferred Closing, as applicable (each, an “Identified Asset”) and request in writing that such other Party promptly assign, transfer, convey or deliver such Identified Asset to such Party.