MOD Asset definition

MOD Asset means the Lot sold by Brightwells on behalf of the UK Ministry of Defence. “Provisionally Sold” means the allocation by the Auctioneer in accordance with condition18.
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MOD Asset means the Lot sold by Brightwells on behalf of the MOD.
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Examples of MOD Asset in a sentence

  • Buyers are specifically warned that any MOD Asset sold may well have had parts replaced and paint renewed or be made up of parts from other vehicles the condition of which may be difficult to establish.

  • For avoidance of doubt, any MOD Asset is sold as a collector's item and not as a means of transport.

  • No warranty is given by Brightwells as to the accuracy of the description of any Lot in any Catalogue or any announcement made by the Auctioneer or as to the age, authenticity, suitability, provenance, attribution, origin, condition, fitness for purpose, merchantable or satisfactory quality of any Lot or roadworthiness of any MOD Asset.

  • Given the age of some Lots, no assumption should be made with regard to any aspect of their condition and the Buyer should carry out his/her own due diligence in respect of any MOD Asset.

  • No description of a MOD Asset carries with it an implication that it is fit for any particular purpose.

  • Export licence 4.1 Before an MOD Asset can be released to the Buyer, the Buyer must provide a copy of its export licence, or similar, as required.

  • This policy applies to all materiel accounts held by MOD Accounting Units including assets and equipment currently held on MOD Asset Management systems.

  • They may not show the true condition and colour, (which may be inaccurately reproduced) of the MOD Asset.

  • No description of a MOD Asset carries with it an implication that it is fit for any particular purpose.3.5 MOD Assets are sold to the Buyer on an "as is" basis, with all faults and imperfections.3.6 Due to the nature of classic vehicles, the actual condition of a MOD Asset may not be as good as its outward appearance suggests.

  • Given the age of some Lots, no assumption should be made with regard to any aspect of their condition and the Buyer should carry out his/her own due diligence in respect of any MOD Asset.3.7 Any person who physically interferes with, scratches or damages the Lot in any way (before or after the Auction) will be held liable for the loss so caused.3.8 The Seller is responsible for delivering the MOD Asset in a presentable condition.

Related to MOD Asset

  • Fixed Asset means a tangible non-current asset, including buildings and equipment, acquired not for sale but for use for the Project during the Eligible Expenditure Period;

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Portfolio Asset means an asset of an investment fund;

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Specified Asset as defined in subsection 4.2.2 hereof.

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Settlement Asset means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.

  • 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.

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Asset includes every kind of property, asset, interest or right, including any present, future or contingent right to any revenues or other payment;

  • Securitization Property means the property described in section 10j.

  • Fleet Vehicle means a motor vehicle owned or leased by a person engaged in a commercial activity, utility service, or government service; or a motor vehicle offered for sale, rent, or lease at a business which is licensed to sell, rent, or lease motor vehicles.

  • Securitization Asset means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue streams and other rights to payment or related assets and the proceeds thereof and (b) all collateral securing such receivable or asset, all contracts and contract rights, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and records with respect to such account or asset and any other assets customarily transferred (or in respect of which security interests are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction.

  • Fund Assets means the net assets of the Fund managed by the Subadviser for which the fee is being calculated;

  • Asset Pool means a pool of cash-flow generating assets in which an issuer of a securitized product has a direct or indirect ownership or security interest;

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • REO means a Mortgaged Property that is acquired by the Trust in foreclosure or by deed in lieu of foreclosure.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Subject Vehicle means the vehicle being tested.

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • Restricted Asset has the meaning specified in Section 2.4(1).