Non-Core Asset definition

Non-Core Asset means a member of the Group together with, where applicable, its Subsidiaries (that were Subsidiaries of such member of the Group as at the date of this Agreement) or any of the assets of such member of the Group that is not and does not constitute all or any part of the Core Assets.
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Non-Core Asset means real Property of the Borrower or any Guarantor which is not used to (a) generate or produce any revenue, (b) generate or produce revenue in excess of a de minimus amount or (c) generate revenue other than from a source or sources that are not a part of the waste collection, transfer and disposal business.
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Non-Core Asset means any asset which is (a) acquired in connection with an acquisition, a Permitted Investment or a Restricted Investment permitted pursuant to Section 7.05 and (b) not material to the on-going operation of the business.
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Examples of Non-Core Asset in a sentence

  • To the extent that the Non-Core Asset Amount Due or any portion thereof would have been permitted to be made as a Restricted Payment by the Company and was not paid by another Person as permitted by the preceding sentence, the Company shall be deemed to have made a Restricted Payment in the amount of such Non-Core Asset Amount Due or portion thereof, as the case may be.

  • Promptly after any Payout pursuant to the terms of this Section 4.21, within ten Business Days of a request by the Trustee, the Company shall deliver an Officers' Certificate to the Trustee setting forth the Investments made by the Company or its Restricted Subsidiaries in ETC or a Non-Core Asset, as the case may be, and certifying that the requirements of this Section 4.21 have been satisfied in connection with the making of such Payout.

  • Written evidence of the Non-Core Asset Transactions shall have been completed and written evidence delivered to Parent in accordance with Section 2.19.

  • The Parties agree that, no later than immediately prior to the Closing and in exchange for the Non-Core Asset Consideration, FNC will consummate the transactions set forth in the Non-Core Asset Transaction Documents (such transactions, the “Non-Core Asset Transactions”) and Holdco will deliver to Parent written evidence that the Non-Core Asset Transactions have been completed.

  • The Lenders hereby acknowledge and agree that any collection of all outstanding principal and accrued interest on a Non-Core Asset Loan shall be deemed to be upon terms and conditions reasonably acceptable to the Required Lenders.


More Definitions of Non-Core Asset

Non-Core Asset means, on any date, (i) the portion of any Eligible Portfolio Investment that is excluded from the Borrowing Base at any time whether before or after the Amendment No. 3 Effective Date, (ii) any Portfolio Investment that is not an Eligible Portfolio Investment and is designated as a “Non-Core Asset” on the Borrowing Base Certificate delivered on the Amendment No. 3 Effective Date or on any subsequent Borrowing Base Certificate delivered to the Administrative Agent from time to time pursuant to the terms of this Agreement (which specifically shall be permitted to include any Portfolio Investment that constitutes an Eligible Portfolio Investment on the Amendment No. 3 Effective Date but thereafter ceases to qualify as an Eligible Portfolio Investment) and (iii) any follow on investments and protective advances made with respect to such Portfolio Investments, in each case, that meets all of the criteria set forth on Schedule 1.01(f) hereto on such date; provided, that no Portfolio Investment shall constitute a Non-Core Asset or be included in the Borrowing Base Flex if the Collateral Agent does not at all times maintain a first priority, perfected Lien (subject to no other Liens other than Eligible Liens) on such Non-Core Asset or if such Non-Core Asset has not been or does not at all times continue to be Delivered (as defined in the Guarantee and Security Agreement).
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Non-Core Asset means an asset listed in Exhibit E. Officer has the meaning given in the Corporations Act. Option Deed has the meaning given in clause 4.1(f). Panel has the meaning given in the Corporations Act.
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Non-Core Asset. Amount Due" 4.21 "Offer Amount" 3.09 "Offer Period" 3.09 "Paying Agent" 2.03 "Payment Default" 6.01 "Payout" 4.21 "Permitted Refinancing" 4.09 "Private Placement Legend" 2.01 "Purchase Date" 3.09 "Refinancing Indebtedness" 4.09 "Registrar" 2.03 "Restricted Payments" 4.07
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Non-Core Asset means any Product or other assets of the Company or its Subsidiaries that is not a Core Asset.
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Non-Core Asset means any asset that is not required for the core academic mission of the University and which could be sold or otherwise disposed of solely for investment purposes without detriment to the academic mission of the University, as set out in Regulation 10. Non-Core Assets may be held within the Endowment and managed for investment purposes, or be retained and managed by the University (excluding the Endowment Board);
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Non-Core Asset shall be as described on Schedule 1.3 hereto.
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Non-Core Asset means assets that comprise or consist of the (i) Terrible’s Casino & Bowl in Henderson, Nevada, (ii) Gold Ranch Casino & RV Resort in Verdi, Nevada, (iii) Dayton Depot Casino in Dayton, Nevada and (iv) Sands Regency Casino Hotel in Reno, Nevada, including, in each case, all real and personal property related, complementary, incidental or ancillary to any of the foregoing assets.
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