PDC Assets definition

PDC Assets mean all personal property of Seller exclusively related to the business of Seller, but excluding internal memoranda, financial sales projections, budgets, appraisals and similar proprietary, confidential or privileged information and excluding the Excluded Property.
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PDC Assets has the meaning set forth in Section 2.3. “PDC Inventory, Cash and Prepaid Amount” has the meaning set forth in Section 2.3(a)(x). “Per Store Cash Closing Balance” has the meaning set forth in the definition of Acquired Assets. “Permit” means any franchise, approval, permit, license, order, registration, certificate, variance or similar right obtained from any Governmental Authority. “Permitted Lien” means: (a) Liens for Taxes not yet due and payable; (b) mechanic’s, workmen’s, repairmen’s, carrier’s or other similar Liens, including all statutory liens, arising or incurred in the Ordinary Course of Business (in an aggregate amount not to exceed $250,000); (c) with respect to leased or licensed real or personal property, the terms and conditions of the lease, license, sublease or other occupancy agreement applicable thereto; (d) with respect to real property, zoning, building codes and other land use Laws regulating the use or occupancy of such real property or the activities conducted thereon which are imposed by any Governmental Authority having jurisdiction over such real property; (e) easements, covenants, conditions, 12
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Examples of PDC Assets in a sentence

  • The Shareholder Representative shall seek in good faith to complete the sale process of PDC prior to the Sale Deadline, whether as an Entire PDC Sale or as multiple Partial PDC Sales, with the goal of not having any Unsold Material PDC Assets as at the Sale Deadline.

  • PDC has not disposed of any Hazardous Material on any of the assets currently owned or leased, or that have been owned or leased, by PDC or its Affiliates or predecessor entities (the "PDC Assets") and to the best knowledge of PDC, no condition exists on any of the PDC Assets which would subject PDC or the PDC Assets to any remedial obligations under any applicable Environmental Law.

Related to PDC Assets

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Retained Assets has the meaning set forth in Section 2.2.