Paper Assets definition

Paper Assets means the following equipment located at Seller’s facility in Mexicali, Baja California, Mexico:
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Examples of Paper Assets in a sentence

  • Schedule 4.16 lists, as of the date of this Agreement, all owned real property at which the Paper Assets are located (the “Owned Real Property”).

  • To the knowledge of Seller, no portion of the Owned Real Property, or any building or improvement located thereon, violates any Law, except where such violations would not result in a material adverse effect on the ability to own or operate the Paper Assets.

  • Subject to fulfillment or waiver of the conditions set forth in Article IX, at Closing, simultaneously with Purchaser’s deliveries hereunder, Seller shall deliver to Purchaser all certificates of title or origin (or like documents) with respect to the Paper Assets necessary to transfer title to the Paper Assets to Purchaser (collectively, the “Title Documents”), in each case duly endorsed or otherwise in sufficient form to effect the transfer of the Paper Assets to Purchaser.

  • Schedule 4.14 contains a summary description of all material insurance policies (the “Insurance Policies”) held by Seller or any of its Affiliates with respect to the Paper Assets, as of the date of this Agreement covering the current period.

  • Seller does not have any material Liability under any Environmental Law with respect to the operation of the Paper Assets or the facilities at which the Paper Assets are located.

  • Signed for and on behalf of the Secretary of State for Health and Social Care Signature: ............................................

  • The Paper Assets are structurally sound, are in good operating condition and repair, and are adequate for the uses to which they are being put, and are not in need of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost.

  • Seller shall continue to carry and maintain insurance policies (including the Insurance Policies) covering the Paper Assets from and after the Closing through the date of termination or expiration of the Equipment Lease at coverage levels greater than or equal to the coverage levels described in the Insurance Policies.

  • Following the Closing Date, Seller shall be responsible for the installation of a new head box and forming section on the paper making machine included in the Paper Assets, to increase the width to 104 inches.