Inactive Assets definition
Inactive Assets means Construction Assets (other than Real Estate Under Construction), loans receivable (including, without limitation, purchase money and other mortgage loans), and other miscellaneous Property not described in any of clauses (i) through (iv) of Section 10.11(d) hereof.
Inactive Assets means Construction Assets (other than Real Estate Under Construction), loans receivable (including, without limitation, purchase money and other mortgage loans), and other miscellaneous Property not described in any of clauses (i) through (iv) of Section 10.11(d) hereof. "Indebtedness", as applied to any Person, means, at any time, without duplication, (a) all indebtedness, obligations or other liabilities of such Person (whether consolidated or representing the proportionate interest in any other Person) (i) for borrowed money (including construction loans) or evidenced by debt securities, debentures, acceptances, notes or other similar instruments, and any accrued interest, fees and charges relating thereto, (ii) under profit payment agreements or in respect of obligations to redeem, repurchase or exchange any Securities issued by such Person or to pay dividends in respect of any stock, (iii) with respect to letters of credit issued for such Person's account, (iv) to pay the deferred purchase price of property or services, except accounts payable and accrued expenses arising in the ordinary course of business, (v) in respect of Capital Leases, (vi) which are Contingent Obligations, (vii) under warranties and indemnities or (viii) for the payment of taxes, levies, or other obligations which are then past due and payable to any Governmental Authority; (b) all indebtedness, obligations or other liabilities of such Person or others secured by a Lien on any property of such Person, whether or not such indebtedness, obligations or liabilities are assumed by such Person, all as of such time; (c) all indebtedness, obligations or other liabilities of such Person in respect of interest rate contracts and foreign exchange contracts, net of liabilities owed to such Person by the counterparties thereon; (d) all preferred stock and other Securities subject (upon the occurrence of any contingency or otherwise) to mandatory redemption by such Person; (e) all indebtedness, obligations or other liabilities of such person in respect of forward equity sales and similar purchase obligations, and (f) all contingent Contractual Obligations with respect to any of the foregoing .
Inactive Assets without duplication, Construction Assets (other than Real Estate Under Construction), loans receivable (including, without limitation, purchase money and other mortgage loans), the amount of Capital Expenditures made during the applicable period, and other miscellaneous Property not described in any of the clauses (1) through (4) of Section 7.7(g), and the headquarters buildings located at 110 North Wacker Drive, Chicago, Illinois, and 10275 Little Patuxent ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, Maryland, provided that the ▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ ▇▇▇▇ose of calculating Inactive Assets shall be as set forth in the most recent appraisal of said buildings received from time to time by Holdings which appraisal is prepared by an MAI appraiser from a nationally recognized appraisal firm in accordance with the requirements of FIRREA. Holdings shall promptly deliver to Administrative Agent a copy of each appraisal of said building received by Holdings from time to time.
More Definitions of Inactive Assets
Inactive Assets means Construction Assets (other than Real Estate Under Construction), loans receivable (including, without limitation, purchase money and other mortgage loans), other miscellaneous Property not described in any of clauses (i) through (iv) of SECTION 10.11(d) hereof, and the headquarters building located at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, Chicago, Illinois, provided that the value of such headquarters building for the purpose of calculating Inactive Assets shall be as set forth in the most recent appraisal of said building received from time to time by Borrower which appraisal is prepared by an MAI appraiser from a nationally recognized appraisal firm in accordance with the requirements of FIRREA. Borrower shall promptly deliver to Administrative Agent a copy of each appraisal of said building received by Borrower from time to time.
Inactive Assets without duplication, Construction Assets (other than Real Estate Under Construction), loans receivable (including, without limitation, purchase money and other mortgage loans), the amount of Capital Expenditures made during the applicable period, and other miscellaneous Property not described in any of the clauses (1) through (4) of Section 7.7(f), and the headquarters buildings located at 1▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, Chicago, Illinois, and 1▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, provided that the value of such headquarters buildings for the purpose of calculating Inactive Assets shall be as set forth in the most recent appraisals of said buildings, respectively, received from time to time by Holdings which appraisals are prepared by an MAI appraiser from a nationally recognized appraisal firm in accordance with the requirements of FIRREA. Holdings shall promptly deliver to Administrative Agent a copy of each appraisal of said buildings received by Holdings from time to time. To the extent there is no appraisal of either such headquarters building, such building shall be valued at book value.
Inactive Assets. Except as identified in a Schedule, to the Transferor’s knowledge the Assets do not include any “long term inactive well” or “inactive multiwell facility” as described in the Regulations issued under the Oil And Gas Conservation Act (Alberta).