port assets definition

port assets means any asset within the port limits including land, movable or immovable property or any other property, whether tangible or intangible, owned by or vested with the Board through the Central Government or the State Government, as the case may be;
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port assets means any asset within the port limits including land, movable or immovable property or any other property, whether tangible or intangible, owned
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port assets has the meaning given in Article 33.2.
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Examples of port assets in a sentence

  • If the Investors Group exercises its option more than 60 days after the purchase and lease of the Port Assets, Allegro shall sell all of its membership interest in PAAL for an amount equal to One Hundred Seventy-Five Thousand Dollars ($175,000), adjusted as appropriate for any capital contributions.

  • Dubroc and Collins shall continue to own their respective interests in PAAL and release Allegro from any further obligations regarding the bonuses related specifically to the acquisition and lease of the Port Assets which are described in the employment agreements.

  • Allegro shall assign its ownership of PAAL to the Investors Group for the purpose of closing the purchase and lease of the Port Assets.

  • Allegro, Dubroc and Collins entered into employment agreements which allowed for bonuses to be paid to Dubroc and Collins in the event that certain milestones related to the acquisition and lease of the Port Assets were met.

  • Investor further acknowledges that the managing underwriter of the initial public offering of Port Assets’ securities or a subsequent offering of Port Assets’ securities may require all members to agree not to sell any Controlling Interest or other security interests in Port Assets for a certain period of time.

  • Bay City hereby grants to Optionee an unconditional right to purchase all membership interests currently owned by Bay City, which membership interests constitute 51% of the outstanding membership interests of Port Assets (the “Option”), on the terms set forth in this Agreement.

  • This Agreement does not violate, conflict with, result in a breach of the terms, conditions or provisions of, or constitute a default or an event of default under any other agreement of which Bay City or Port Assets is a party.

  • Allegro will also execute a waiver of any conflict (“Waiver”) which will allow the law firm of Phelps Dunbar LLP to represent PAAL and draft documents required by this Letter of Intent and by the acquisition and lease of the Port Assets.

  • Texen – Port Assets LLC Except as provided herein, each part will be responsible for its own expenses in connection with all matters relating to the transaction herein proposed.

  • Investor acknowledges that the Controlling Interest to be received may not be registered by Port Assets subsequent to an initial public offering of Port Assets' securities.


More Definitions of port assets

port assets means and refer to those portions of the Wireless Communications Access System that are installed, supplied and/or made available to Licensee by the Port or third parties, including (but not limited to) any optical fibers, co-axial and/or copper wires owned by the Port or other third parties identified on Exhibit B. Port Assets do not include the Antenna Site, the Head-End Equipment Room or the Interior Equipment Space, but do (except as otherwise specified) include the Raceways installed, supplied and/or made available to Licensee by the Port or third parties.
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port assets means any and all equipment installed by the OPERATOR orotherwise brought to the Port by the OPERATOR for the purpose of carrying out the Services, including ship to shore gantry cranes, mobile harbour cranes, rubber tired gantry cranes, reach stackers, empty container handlers, fork lifts, terminal trucks and chassis, terminal vehicles, a TOCS, all and other terminal equipment, spare parts and office equipment.
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port assets means the “Purchased Assets”, as defined in and constituted pursuant to the Approval and Vesting Order.
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port assets or "Assets" means all tangible or intangible assets that are or will be created by the Concessionaire which are included in the Business Plan and the Concessionaire Bid.
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Related to port assets

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Subject Assets is defined in Section 2.2(c).

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

  • IT Assets means Software, systems, servers, computers, hardware, firmware, middleware, networks, data communications lines, routers, hubs, switches and all other information technology equipment, and all associated documentation, in each case, used or held for use in the operation of the Business.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Company IT Assets means computers, Software, firmware, middleware, servers, workstations, routers, hubs, switches, data communications lines, and all other information technology equipment, and all associated documentation, in each case, used or held for use by a member of the Company Group.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.

  • PJM Net Assets means the total assets per PJM’s consolidated quarterly or year-end financial statements most recently issued as of the date of the receipt of written notice of a claim less amounts for which PJM is acting as a temporary custodian on behalf of its Members, transmission developers/Designated Entities, and generation developers, including, but not limited to, cash deposits related to credit requirement compliance, study and/or interconnection receivables, member prepayments, invoiced amounts collected from Net Buyers but have not yet been paid to Net Sellers, and excess congestion (as described in Operating Agreement, Schedule 1, section 5.2.6, and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.6).

  • 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.

  • Current Assets of any Person means all assets of such Person that would, in accordance with GAAP, be classified as current assets of a company conducting a business the same as or similar to that of such Person, after deducting adequate reserves in each case in which a reserve is proper in accordance with GAAP.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Specified Assets the following property and assets of such Grantor:

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Connection Assets means that portion of the distribution system used to connect a customer to the existing main distribution system, and consists of the assets between the point of connection on a distributor’s main distribution system and the ownership demarcation point with that customer;

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company or any Subsidiary.

  • Customer Assets means the Customer’s infrastructure, data, software, materials, assets, equipment or other property owned by and/or licensed or leased to the Customer and which is or may be used in connection with the provision of the Services;

  • Information Assets means any information, including Confidential Information, necessary to the operation of either party that is created, stored, transmitted, processed, or managed on any hardware, software, network components, or any printed form, or is communicated orally. “Information Assets” does not include information that has been transferred from the Disclosing Party to the Receiving Party under applicable laws, regulations, and agency guidance, and that is being maintained and used by the Receiving Party solely for purposes that are not Contractor Covered California Functions.

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Separate Business means each of the activities of the Licensee connected

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

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

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).