Production Assets definition

Production Assets means property, plant and equipment of the Group determined in accordance with the Accounting Principles which are used in the business of the Group.

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Production Assets means the machinery and equipment (and related gauges and fixtures used for assembly) that are used for the production of Products hereunder, excluding Tooling.

Production Assets means collectively the Customer Production Assets and Supplier Production Assets.

Examples of Production Assets in a sentence

Except as set forth on Schedule 2.8, the TV Production Assets do not consist of items that are obsolete or damaged; and the Production Assets do not consist of any items leased or held on consignment.
If LiveWire exercises the option and acquires such LiveWire Production Assets at their book value, then the foregoing costs will be excluded from the Termination Charges.
If, upon termination or expiration of this Agreement, HD notifies LiveWire that it does not desire to retain ownership of any LiveWire Production Assets, LiveWire will have the option to acquire such LiveWire Production Assets from HD at their book value.
Each party hereto agrees to file its Tax Returns for the Tax period in which each Closing occurs consistent with the purchase price for each of the Closing Production Assets and Closing Inventory, as described in Section 2.5.
With respect to HD Production Assets and Shared Production Materials, HD shall be exclusively responsible for procurement of HD Production Assets as set forth below, and LiveWire shall be ultimately responsible for the procurement of Shared Production Materials to be used in Products; provided that LiveWire appoints HD as its agent, and HD agrees to its appointment as an agent for LiveWire, for the procurement of Shared Production Materials as set forth below.

More Definitions of Production Assets

Production Assets means wellbores, pipelines, gathering systems, production or processing facilities, surface estate interests, rights-of-way, or other surface uses, and other production related infrastructure on the Leases.

Production Assets means: (i) the ownership interests in all Business Entities in the Production Group; (ii) all Production Contracts, any rights or claims arising thereunder, and any other rights or claims or contingent rights or claims primarily relating to or arising from any Production Asset or the Production Business; (iii) subject to Article IX, any rights of any member of the Production Group under any Policies, including any rights thereunder arising after the Closing Date in respect of any Policies that are occurrence policies; (iv) any and all Assets owned or held immediately prior to the commencement of the implementation of the Plan of Separation by CW Media or any of its Subsidiaries (including, prior to the Effective Time, by any Group) (A) that comprise or comprised or relate or related primarily to the Production Business or (B) that comprise or comprised the Corporate Division and either (x) are or were more related to the Production Business than the other Businesses, or (y) for which the Production Business has or had principal use or responsibility; (v) the Assets set forth on Schedule 1.1(106)(v) and any and all Assets that are expressly contemplated by this Agreement or any Ancillary Agreement as Assets which have been or are to be Transferred to Production or any other member of the Production Group; (vi) any and all furnishings and office equipment located at a physical site of which the ownership or leasehold interest is being Transferred to Production or a Subsidiary of Production; provided, that personal computers shall be Transferred to the Party or Subsidiary of the Party that, following the Effective Time, employs the applicable employee who, prior to the Effective Time, used such personal computer; and (vii) any Cash owned by any member of the Production Group that is not a wholly-owned Subsidiary of Production. Notwithstanding the foregoing, the Production Assets shall not include (i) any Cash, except as provided in clause (vii) of this Section 1.1(106), or (ii) any Assets that are expressly contemplated by this Agreement or any Ancillary Agreement (or the Schedules hereto or thereto) as Assets to be retained by or Transferred to any member of a Group other than the Production Group. In the event of any inconsistency or conflict which may arise in the application or interpretation of any of the foregoing provisions, for the purpose of determining what is and is not an Production Asset, any item explicitly included on a Schedule referred to in ...

Production Assets. Collectively, the Tangible Assets, the Intangible Assets, the Subsequently Acquired Tangible Assets, the Subsequently Acquired Intangible Assets, the Contract Rights, the Leases, the Equipment Leases, the New Pipeline Applications, the Final Closing Date Sales Commitments and the Loan Files.

Production Assets. All of Seller’s right, title and interest in and to the properties and assets and rights of whatever kind and nature, real or personal, whether owned, leased or licensed set forth on Schedule 1.1(b).

Production Assets. ’ means property, plant and equipment of the Group determined in accordance with International Financial Reporting Standards or such other international financial reporting standards as the Guarantor may adopt from time to time with respect to its financial statements.

Production Assets. The assets of the Sellers related to or used in connection with the manufacturing or production of Coca-Cola and other beverage products in the states of Washington, Oregon and Idaho (including the cities of Seattle and Spokane in Washington and the city of Portland in Oregon).

Production Assets means any equipment or other tangible assets purchased in accordance with the Approved Budget for the purpose of the production of the Programme;