IDLE ASSETS definition

IDLE ASSETS are any property plant and equipment that has not been utilized for 28 consecutive days on the last day of each Fiscal Period.
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IDLE ASSETS has the meaning set for in Section 2.1.12.
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IDLE ASSETS. Section 6.41.
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Examples of IDLE ASSETS in a sentence

  • Without standardized, reliable systems to integrate late life supportive care services into primary care and inpatient settings, patients, families and care providers are at risk for managing within an environment where care is suboptimal and misaligned with the values and wishes of patients and their families.

  • THE BUYER ACKNOWLEDGES AND AGREES THAT THE SELLER IS SELLING AND CONVEYING AND THE BUYER IS PURCHASING, TAKING AND ACCEPTING THE IDLE ASSETS STRICTLY ON AN “AS IS, WHERE IS” BASIS.

  • Subject: Forward Auction of DISMANTLE & DISPOSAL OF ALL EQUIPMENTS PIPE LINE/TECHNOLOGICAL STRUCTURES / ELECTRICS OF OLD SULPHURIC ACID PLANT on Dt. 06-12-2019 at 15:00 HoursVide, Forward Auction No. MKT/FA/IA/19-20 (39000125), Lot No: 24000046,Material Code (SAP): 116720000000000000 (SCRAP/OLD/USED/OBS SCRAP IDLE ASSETS) Qty.

  • IDLE ASSETS (1) Idle assets consist of the following: 2009/3/31 2008/3/31Idle assets$1,142,923 $115,301Less:Accumulated depreciation(437,037) (89,687)Accumulated impairment(194,383) (25,614)Idle assets-net$511,503 $- (2) The idle assets are not used in operation, indicating no cash flow will be generated in future years; therefore, the Company and subsidiaries recognized the net fair value as the recoverable amount.

  • More than ever, commercially sensitive and personal data is being uploaded and processed online.

  • RHEOHAEATTH REFERENCE:SH/07/ DISPOSAL OF IDLE ASSETS /2019-2020TENDER NAME:SALE OF BOARDED MOTOR VEHICLES AND UNSERVICEABLE STORESThe Engineers Board of Kenya is established under Section 3 of the Engineers Act No. 43 of 2011.

  • Following the Closing Date, the Purchaser shall, upon reasonable advance notice to the Purchaser, grant the Seller and its representatives reasonable access to the facilities and properties of the Purchaser and its Subsidiaries for the purpose of removing or causing to be removed those items of personal property of the Seller listed on APPENDIX 4(C) hereto that are located in or on any such facility or property (the "IDLE ASSETS").

  • The training focused on selection methodology as well as a comprehensive module on the role of election management bodies in an electoral cycle.

Related to IDLE ASSETS

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Net Tangible Assets means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company’s balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company’s current liabilities appearing on such balance sheet. For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.

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

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

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

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

  • Tangible Assets means assets consisting of land, buildings and plant, machinery and equipment;

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

  • 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.

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

  • 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).

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • Project Assets means all physical and other assets relating to and forming part of the Site including:

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

  • Single Asset Entity means a Person (other than an individual) that (a) only owns a single Property; (b) is engaged only in the business of owning, developing and/or leasing such Property; and (c) receives substantially all of its gross revenues from such Property. In addition, if the assets of a Person consist solely of (i) Equity Interests in one or more Single Asset Entities that directly or indirectly own such single Property and (ii) cash and other assets of nominal value incidental to such Person’s ownership of the other Single Asset Entity, such Person shall also be deemed to be a Single Asset Entity for purposes of this Agreement.

  • Eligible Assets means property that is used or useful in the same or a similar line of business as the Borrower and its Subsidiaries were engaged in on the Closing Date (or any reasonable extension or expansions thereof).

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

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

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

  • Consolidated Assets means, at a particular date, all amounts which would be included under total assets on a consolidated balance sheet of the Company and its Subsidiaries as at such date, determined in accordance with GAAP.

  • 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.

  • Consolidated Tangible Assets means, for any Person, total assets of such Person and its consolidated Subsidiaries, determined on a consolidated basis, less goodwill, patents, trademarks and other assets classified as intangible assets in accordance with GAAP.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person.

  • Midstream Assets means (i) assets used primarily for gathering, transmission, storage, processing or treatment of natural gas, natural gas liquids or other hydrocarbons or carbon dioxide and (ii) equity interests of any Person that has no substantial assets other than assets referred to in clause (i).

  • Intangible Assets means assets that are considered to be intangible assets under GAAP, including customer lists, goodwill, computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and capitalized research and development costs.