IPC Assets definition

IPC Assets means assets owned or leased by the IPC Companies as of the time of the Closing, after giving effect to asset transfers contemplated by this Agreement.
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IPC Assets mean all properties, assets, privileges, powers, rights, interests and claims of every type and description that are owned, leased, held, used or useful in the IPC Business and in which IPC or any of its Subsidiaries has any right, title or interest or in which IPC or any of its Subsidiaries acquires any right, title or interest on or before the Closing Date, wherever located, whether known or unknown, and whether or not now or on the Closing Date on the books and records of IPC or any of its Subsidiaries. "IPC Business" means the business conducted by IPC and its Subsidiaries. "IPC Common Stock" means the common shares of IPC.
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Examples of IPC Assets in a sentence

  • In the event of a property loss in respect of any asset of the Business, the IPC Assets or IPC Companies prior to the Closing, Seller and Dynegy agree to cede recovered insurance proceeds (net of deductible) in respect of such as- set to Purchaser post-Closing for the repair of such asset.

  • Subject to Section 8.2(b), as used in this Agreement, the term “material” (except with regard to material compliance) and the concept of the “ma- terial” nature of an effect upon the IPC Assets, the Business or the IPC Companies shall be measured relative to the IPC Assets, the Business and the IPC Companies at the time of such measurement.

  • The IPC Companies have good and marketable title to all of the material IPC Assets (other than the IPC Properties, which are covered by Section 3.16), free and clear of all Liens, except for Permitted Liens.

  • Since February 1, 2000, each IPC Company has complied in all ma- terial respects with its obligations related to, and is not in material default under, any collec- tive bargaining agreement to which any IPC Company is a party or by which any IPC Com- pany, the Business or the IPC Assets may be subject or bound.

  • Purchaser will use reasonable efforts to cause the IPC Companies to remove all such items described in the preceding sentence from the IPC Assets within 60 days after the Closing Date.

Related to IPC Assets

  • 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 Company or a Restricted Subsidiary in exchange for assets transferred by the Company 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.

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Assets includes present and future properties, revenues and rights of every description;

  • surplus assets means the assets after payment of the debts and liabilities remaining on a winding-up of the incorporated association and the costs, charges and expenses of the winding-up;