Minor Asset definition

Minor Asset means a park facility in its entirety. For example, a contiguous playground is considered a single park facility and may be named in its entirety as a minor asset; a slide within the playground may not be named as a minor asset.
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Minor Asset means any future or existing Park System asset valued at $9,999 or less.
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Examples of Minor Asset in a sentence

  • In connection with any Permitted Minor Asset Sale, provided that no Default or Event of Default exists or would be caused thereby, upon reasonable advance written notice from the Borrower of the intent to so dispose of assets, the Agent at the Borrower's expense shall release the collateral to be sold from the liens and security interests created by the Credit Documents and shall execute and deliver in favor of such Subsidiary any releases reasonably requested by the Borrower to evidence such release.

  • The foregoing prepayment requirement shall not apply to the sale of capital stock of the Borrower or Permitted Minor Asset Sales.

Related to Minor Asset

  • depreciable asset means any tangible personal property or structural improvement to real property that—

  • Portfolio Asset means an asset of an investment fund;

  • REO Asset of a Person means a real estate asset owned by such Person and acquired as a result of the foreclosure or other enforcement of a lien on such asset securing a Servicing Advance or loans and other mortgage-related receivables.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Regional asset limit means the maximum housing value in each housing region affordable to a four-person household with an income at 80 percent of the regional median as defined by duly adopted Regional Income Limits published annually by COAH or a successor entity.