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: all assets owned or leased by PNG Ports located in Papua New Guinea which are used or are intended to be used in connection with the provision of Regulated Services; and
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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

  • 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.

  • 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;

  • 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:

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Replacement Assets means (1) 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.

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