New Asset definition
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
The provisions of this Section 2.7 shall survive the termination of this Agreement or the earlier resignation or removal of any party hereto; provided, however, that no Successor Manager shall be liable under this Section 2.7 with respect to any Defective New Asset or any other matter occurring prior to its succession hereunder.
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 any asset that Seller proposes to be included as an Eligible Asset.
New Asset means a New Securitized Company Restaurant, New Securitized Franchise Agreement, a New Securitized Development Agreement, New Real Estate Asset or New Securitized Franchisee Note or any other Securitized Asset contributed to, or otherwise entered into, acquired or created by, the Securitization Entities after the Closing Date or any other asset(s) reasonably related to, incidental to, or useful in the judgment of the Manager in accordance with the Managing Standard, in connection with any of the foregoing.
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 has the meaning set out in Clause 8.7(a)(i);
New Asset means any New Bus or New Depot.