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 has the meaning set for in Section 2.1.13. “Indemnified Party” has the meaning set forth in Section 8.7. “Indemnifying Party” has the meaning set forth in Section 8.7. “Indemnity Cap” has the meaning set forth in Section 8.4.3. Schedule 1.1
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Examples of IDLE ASSETS in a sentence

  • 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.

  • THE IDLE ASSETS WILL BE DELIVERED TO BUYER BY DELPHI HEREUNDER ON AN “AS-IS – WHERE-IS” BASIS, WITH ALL FAULTS, AND, EXCEPT FOR TITLE, SELLER MAKES NO WARRANTIES OR REPRESENTATIONS WHATSOEVER, EXPRESS OR IMPLIED, CONCERNING ANY OF THE IDLE ASSETS, ALL OF WHICH ARE EXPRESSLY DISCLAIMED.

  • 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").


More Definitions of IDLE ASSETS

IDLE ASSETS. Section 6.41.
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