Operational Assets definition

Operational Assets means all Assets that are not Non-Operational Assets; provided, however that if any of the Assets identified in Exhibit A-3 are used by EQT Gathering in the operation of the Gathering Assets on or prior to the Closing Date of the Asset Contribution, such assets shall be deemed Operational Assets under this Agreement.

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Operational Assets means each item contained in Schedule 2.11(c) (other than the Headquarters Building located in Salt Lake City identified on Schedule 2.11(c) and the lease related thereto), and any other property, rights, and equipment (including without limitation, furniture, computer hardware, servers, routers and PBX equipment) owned by, leased or licensed to the Sellers or the Sellers' affiliates which can be assigned prior to or concurrent with the Closing and which is (1) used by the Sellers, the Sellers' affiliates, the Company or its Subsidiaries, to conduct the business of the Company or the Subsidiaries, as currently conducted, or (2) intended to be used in connection with the Expansion Projects, as well as any Sellers or Sellers' affiliate agreements for the maintenance, support or service of any of the foregoing listed in (1) or (2).

Operational Assets means, as to any Person during the ordinary course of its business, any asset account on a balance sheet representing paper currency and coins, negotiable money orders and checks, bank balances, instruments or investments of such high liquidity and safety that they are virtually as good as cash, invoices, trade receivables and inventories.

Examples of Operational Assets in a sentence

• Concurrently with the execution and delivery of this Agreement and the transaction documents related hereto, Seller and Purchaser shall execute and deliver a second asset purchase agreement pursuant to which Purchaser shall have the right, but not the obligation, to purchase Seller’s Operational Assets pursuant to the terms and conditions set forth in such agreement.

• Notwithstanding the above, the Seller may continue to operate the business and Operational Assets pursuant to Section 13 herein, communicate with customers in order to collect unpaid accounts receivable and to enforce the collection of said accounts receivable thereof, as necessary, and to communicate with suppliers and other contractors to the extent necessary to negotiate and close open accounts, and to enforce the Sellers’ rights thereof, as necessary.

• The Operational Assets and the ▇▇▇▇▇ Lease (as applicable) are adequate to conduct EQT Gathering’s, AVC’s and ▇▇▇▇▇’▇ gas gathering, transportation and storage businesses substantially in accordance with past practice, in compliance with any material Applicable Law or requirements of a Governmental Authority.

• All Material Permits, including all material Permits relating to the Operational Assets are in full force and effect and are validly held by EQT Gathering.

• ACAC the process through which the overall Condition of the total population of Operational Assets is determined and recorded; and provides evidence that they have been managed to an agreed Asset Management Regime.

More Definitions of Operational Assets

Operational Assets means all automobiles, computer and office equipment including software, furniture, leasehold improvements, licenses, machinery, supplies and tools used by the Transferor in the course of its operations in the EC Countries as at the Scheme Effective Date;

Operational Assets means all Assets that are not Non-Operational Assets; provided, however that if any of the Assets identified in Exhibit A-3 are used by EQT Gathering in the operation of the Gathering Assets on or prior to the Effective Date, such assets shall be deemed Operational Assets under this Agreement.

Operational Assets means all the operational assets of African Bank, including its fixed assets, immovable property, assets arising in terms of the Hedging Arrangements (including collateral cash), other Operational Contracts, statutory assets, intellectual property and certain intangible assets;

Operational Assets means those assets used in the SF Business at the date of this Agreement (other than Financial Assets);

Operational Assets means office, medical, food, housekeeping and laundry supplies, including without limitation, linens and draperies for each Facility, beds, equipment, medication and controlled substances; provided , however , that the foregoing shall exclude any Resident Assets.

Operational Assets means office, medical, food, housekeeping and laundry supplies, including without limitation, linens and draperies for each Facility, beds, equipment, medication and controlled substances; provided, however, that the foregoing shall exclude any Resident Assets.

Operational Assets means Assets of Insight Parent or its Subsidiaries (other than the Partnership and its Subsidiaries) that are primarily and directly related to the operation of the business of the Partnership and that would ordinarily be Assets held directly by the Person who was the owner of the Systems (assuming the Systems were managed by an unaffiliated third party). For the avoidance of doubt, Operational Assets shall not include any Assets primarily related to corporate overhead (including corporate office management, development, internal accounting and finance management).