Physical Possession definition

Physical Possession means delivery to the Concessionaire, of possession of the Project Site clean and free from all Encumbrances.
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Physical Possession means the actual holding of gold and/or Gold Bullion in material form.
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Examples of Physical Possession in a sentence

  • Notwithstanding the foregoing, Customer may not use or dispose or all or part of Physical Possession Collateral or the proceeds thereof, except upon the De-Pledging of such Physical Possession Collateral in accordance with Section 3.6 below.

  • Seattle Bank may require such arrangements irrespective of whether the Eligible Collateral has been designated as Listed Collateral or Physical Possession Collateral under Sections 3.4 or 3.5 below.

  • Seattle Bank may apply such monies to the payment of Indebtedness as it becomes due, or hold such monies as part of its Physical Possession Collateral, subject to De-Pledging under the terms and conditions of Section 3.6 below.

  • Until Physical Possession Collateral is De-Pledged in accordance with Section 3.6 below, such physical possession by Seattle Bank or its approved custodian shall be maintained with respect to such Physical Possession Collateral.

  • At Seattle Bank’s sole discretion, all proceeds the Physical Possession Collateral, including without limitation all payments made under the loans or securities constituting Physical Possession Collateral, shall be held separate from Customer’s other monies in one or more designated Accounts maintained at Seattle Bank.

  • At such other times as Seattle Bank may request, Customer will deliver to Seattle Bank periodic status reports and accompanying schedules, in form and content acceptable to Seattle Bank, describing the status of the Physical Possession Collateral.

  • Notwithstanding the foregoing in this section, it is hereby clarified that as of the Date of Transfer of Physical Possession, the Lessee’s address shall be at the Leased Property and not as set forth in the preamble to this Agreement.

  • Until Physical Possession or Control Collateral is De-Pledged in accordance with Section 3.6 below, such physical possession or control by Seattle Bank or its approved custodian shall be maintained with respect to such Physical Possession or Control Collateral.

  • Physical Possession of Notes and Loan Notes Not Required 52 Section 6.14.

  • Seattle Bank may apply such monies to the payment of Indebtedness as it becomes due, or hold such monies as part of its Physical Possession or Control Collateral, subject to De-Pledging under the terms and conditions of Section 3.6 below.

Related to Physical Possession

  • Physical Property has the meaning assigned to such term in the definition of “Delivery” above.

  • Physical Assets means equity securities, debt securities, fixed income securities and units in exchanged traded funds.

  • Possession means having a weapon on the student’s body or in an area under the student’s control. “Weapon” means any:

  • Physical examination means the assessment of an individual’s health by a professional licensed to practice medicine or osteopathy, or by an advanced practice nurse or physician assistant.

  • Physical abuse means any physical injury, mental injury, or threatened injury, inflicted by a person responsible for the child’s care other than by accidental means; or any physical or mental injury that cannot reasonably be explained by the child’s history of injuries or any aversive or deprivation procedures, or regulated interventions, that have not been authorized by Minn. Stat. § 125A.0942 or § 245.825.