Major Assets definition
Examples of Major Assets in a sentence
Where the cost of purchasing or improving the Fixed Assets and Major Assets is less than £10,000 authorisation is not required, but the Asset should be recorded on the fixed asset register.
Except as set forth in Section 3.09 of the Disclosure Schedule, none of their Major Assets is subject to any Security Interest, option to purchase or lease, restriction, or imperfection of title or material adverse claim.
Executive confirms that engagement, establishment, opening or involvement, directly or indirectly, either as an employee, owner, partner, agent, shareholder, director, consultant or otherwise, in any business, occupation, work or any other activity which competes with the business of the Company as conducted during the term of employment or contemplated, during such term, to be conducted, is likely to require the use of all or a portion of the Company’s Major Assets.
The Grant Recipient shall agree in advance with the Authority any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding £10,000 and must keep a register of all Fixed Assets and Major Assets acquired or improved at a cost exceeding £10,000, wholly or partly using the Grant provided under the Grant Funding Agreement.
The Employee confirms that engagement, establishment, opening or involvement, directly or indirectly, either as an employee, owner, partner, agent, shareholder, director, consultant or otherwise, in any business, occupation, work or any other activity which competes directly with the business of the Company as conducted during the term of his/her employment or contemplated, during such term, to be conducted, is likely to require the use of all or a portion of the Company’s Major Assets.
Where the cost of purchasing or improving the Fixed Assets and/or Major Assets is less than £10,000 authorisation is not required, but the Asset should be recorded on the fixed asset register.
IL confirms that engagement, establishment, opening or involvement, directly or indirectly, either as an employee, owner, partner, agent, shareholder, director, consultant or otherwise, in any business, occupation, work or any other activity which competes with the business of the Company as conducted during the term of employment or contemplated, during such term, to be conducted, is likely to require the use of all or a portion of the Company’s Major Assets.
Where the cost of purchasing or improving the Fixed Assets [ and/or Major Assets] is less than [£ please insert] ] authorisation is not required, but the Asset should be recorded on the fixed asset register.
INZS, a reporting public company, desires to exchange shares 18,000,000 of its Common Stock, $0.001 par value (the "Common Stock") for all of the issued and outstanding stock of IGT S.A. held by the Shareholders, thereby making IGT S.A. a wholly owned subsidiary of INZS for the purpose of acquiring technology (description of Major Assets Acquired by INZS in the transaction in Exhibit A); and D.
The Recipient must keep a register of all Fixed Assets and/or Major Assets acquired or improved at a cost exceeding £50,000 wholly or party using the Tameside GM UKSPF C&P 2022-25 Grant provided under the Grant Funding Agreement.