Non-Operating Assets definition

Non-Operating Assets means assets consisting of closed stores, vacant land or closed distribution centers or other facilities that are not currently used in the operations of Parent or its subsidiaries as set forth on Schedule 1.145 hereto.

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Non-Operating Assets means the assets transferred by the Corporation to ZiLOG-MOD III, Inc. pursuant to the terms of the Contribution Agreement, dated as the Effective Date, between the Corporation and ZiLOG-MOD III, Inc.

Non-Operating Assets means, excluding the Operating Assets, the Gathering Assets and the Excluded Assets, 100% of EXCO PA’s and EXCO WV’s (and, immediately following the Reorganization, the Reorganized Entities’ (other than Midstream LLC) right, title and interest in and to the assets and properties listed in clauses (a) through (b) in the definition of “Subject Non-Operating Assets” without considering the limitation to a 50% interest in such definition.

Examples of Non-Operating Assets in a sentence

All Encumbrances on the Subject Membership Interests, and all liens created in connection with the EXCO Debt Instruments on the Subject Non-Operating Assets, Operating Assets, Gathering Assets or other assets to be owned by the Newcos, the Operator and Midstream LLC shall be fully released at Closing by form of release acceptable to BG.
For all purposes of this Agreement, except to the extent it becomes a Rejected Interest, all Additional Interests shall be treated upon Closing as if they had been acquired by the applicable EXCO Sub prior to the Reorganization and will be treated as Subject Non-Operating Assets, Operating Assets, Gathering Assets and/or other assets, as applicable, of the EXCO Subs.
Subject to receipt of the requisite approvals of Cannary Stockholders, Cannary will assign, transfer, and deliver to the Sub, free and clear of all liens, pledges, encumbrances, charges, restrictions or known claims of any kind, nature, or description, the Non-Operating Assets of Cannary, substantially as described in Exhibit A.
Cannary Stockholders shall be entitled to dissent to the sale by Cannary of the Non-Operating Assets and receive fair value for their Cannary Shares.
Delivery of the Non-Operating Assets at the Closing will convey to the Sub good and marketable title to the Non-Operating Assets, free and clear of any claims, charges, equities, liens, security interests and encumbrances whatsoever.

More Definitions of Non-Operating Assets

Non-Operating Assets means assets, property (including undeveloped land) and stores that are no longer used or useful in a Permitted Business.

Non-Operating Assets means real property (excluding the Parent’s primary data centers in Kansas City, Missouri and St. Louis, Missouri), Marketable Securities and other securities (including limited partnership interests) of the Parent or any of its Subsidiaries in each case that are not material to the investment recordkeeping and output solutions operating business units of the Parent and its Subsidiaries taken as a whole.

Non-Operating Assets means ZiLOG's eight-inch wafer fabrication facility in Nampa, Idaho known as "MOD III," and the equipment and assets necessary for its operation.

Non-Operating Assets means Property (other than Collateral) that, within the six (6) consecutive month period immediately preceding the sale or other disposition thereof, has not been used in the Credit Parties’ or their Subsidiaries’ business and has not generated any revenue related to the Borrowers’ primary lines of business.

Non-Operating Assets means any assets (pro forma for all anticipated additions to be made to such assets) for use in a Permitted Business and which have not been operational (post the stabilization period) for a period of at least twelve (12) months as of the end of the most recent quarterly period for which financial statements of RPPL (which may be internal management accounts (which, for the avoidance of doubt, are not required to be prepared in accordance with IFRS)) are available.

Non-Operating Assets. (a) unused or obsolete inventory and equipment, (b) real property specified on Part I of Schedule 1.1G which is not currently used or contemplated to be used in ski resort operations of the Borrower (or, to the extent so used, for which the Borrower retains a perpetual easement for such use), (c) the assets comprising the Haystack ski area, (d) any asset consisting of commercial or base lodge space generally used for administrative, retail, or skier service purposes (but not consisting of Ski Terrain) and specified on Part II of Schedule 1.1G which the Borrower certifies to the Administrative Agent at the time of sale (i) will be replaced within twelve (12) months from the sale date (x) by the Borrower with the applicable Non-Operating Asset Sale Proceeds, or (y) by the purchaser as a contractual obligation under the applicable sale documents, and (ii) may be temporarily unavailable during the period from the sale date to the time of completion of the replacement thereof pursuant to clause (i) above, or temporarily replaced during such period, without materially affecting the Borrower's operations or access to any portion of the Ski Terrain and (e) other assets of the Restricted Group Members not listed on Schedule 1.1G which otherwise meet the requirements of clause (b) or (d) of this definition, provided that the sales price of such assets does not exceed $100,000 for any such asset individually or $500,000 in the aggregate in any fiscal year. It is agreed that Schedule 1.1G shall not be effective (and thus sales of Non-Operating Assets specified on such Schedule shall not be permitted) until the date such schedule is approved by the Required Lenders in the form in which originally delivered or as subsequently revised as requested by the Required Lenders (and the Required Lenders shall use commercially reasonable efforts to approve such schedule on or prior to the 30th day after the Closing Date).

Non-Operating Assets shall have the meaning set forth in Section 4.8.