New Asset definition
New Asset means an Eligible Asset that Seller proposes to sell to Buyer pursuant to a Transaction.
New Asset means a New Franchise Agreement, a New Development Agreement, a New Real Estate Asset, New Company Restaurant (including the related Company Restaurant Assets), a New Franchisee Note, a New Equipment Lease, a New Product Sourcing Asset or New Company Restaurant Lease entered into or acquired by a Securitization Entity after the Closing Date or any other Managed Asset contributed or otherwise entered into or acquired by the Securitization Entities after the Closing Date.
New Asset means an Eligible Asset that Seller proposes to be included as a Purchased Item which Eligible Asset has not yet become a Purchased Asset.
Examples of New Asset in a sentence
For the avoidance of doubt, Buyer shall not be obligated to purchase any New Asset notwithstanding a Confirmation executed by ▇▇▇▇▇ and Seller unless and until all Transaction Conditions Precedent have been satisfied or waived by ▇▇▇▇▇.
More Definitions of New Asset
New Asset means new plant and machinery but does not include—
New Asset means an Eligible Loan or Eligible Security that Seller proposes to be included as a Purchased Asset.
New Asset means an Eligible Asset that either Seller proposes to be included as a Purchased Item.
New Asset means an Eligible Asset that Seller proposes to be included as a Purchased Item. “ OFAC ” shall have the meaning specified in the definition of “Prohibited Investor.”
New Asset means any New Bus or New Depot.
New Asset has the meaning set out in Clause 8.7(a)(i);
New Asset means any new plant or machinery (other than a ship or aircraft), but does not include—