Public Assets definition

Public Assets means assets of the Member Country, of any of its political or administrative subdivisions and of any entity owned or controlled by, or operating for the account or benefit of, the Member Country or any such subdivision, including gold and foreign exchange assets held by any institution performing the functions of a central bank or exchange stabilization fund, or similar functions, for the Member Country.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Public Assets means all assets used by the BWSP for the provision of bulk water and which assets vest in trust for the Government and people of Kenya and which have to be managed as such under the existing Laws of Kenya.

Public Assets means assets of the Recipient, of any of its political or administrative subdivisions and of any entity owned or controlled by, or operating for the account or benefit of, the Recipient or any such subdivision, including gold and foreign exchange assets held by any institution performing the functions of a central bank or exchange stabilization fund, or similar functions, for the Recipient.

Examples of Public Assets in a sentence

• Services may terminate the Investment Adviser’s appointment as an investment manager with respect to all of the Assets at any time upon thirty (30) days prior written notice to the Investment Adviser (or mutually agreed shorter period) with respect to Public Assets and ninety (90) days prior written notice to the Investment Adviser (or mutually agreed shorter period) with respect to Private Assets.

• Services may terminate the Investment Adviser’s appointment as investment manager with respect to any portion of the Assets at any time upon thirty (30) days prior written notice to the Investment Adviser (or mutually agreed shorter period) for Public Assets (and withdraw such Assets from the applicable Account) or ninety (90) days prior written notice to the Investment Adviser (or mutually agreed shorter period) for Private Assets.

• All Service Provider owned assets are Public Assets and have to be managed as such under the existing laws of Kenya.

• Title to all Existing Public Assets shall remain with the Grantor throughout the Concession Term.

• As for the infamous ability of the Public Assets Thieves and their army of lawyers, advisors and accountants to hide their booty in the labyrinthine tax ▇▇▇▇▇▇ and offshore jurisdictions, we must note that the number of such ▇▇▇▇▇▇ is shrinking as fast as the number of specialists of financial and accounting forensics is increasing.

More Definitions of Public Assets

Public Assets means, collectively, the Public Entities Receivables and the Public Entities Securities, provided that, the Public Assets may not amount to more than 10% of the aggregate nominal value of the Cover Pool and further provided that such limit may be temporarily exceeded if necessary in order to cure a breach of Tests.

Public Assets means any asset owned by the State or a public authority; “public authority” means any -

Public Assets means any of the following assets (to the extent not including any Project Assets):

Public Assets means public resources, as well as all other property which is owned by the State or a municipality or which is subject to rights held by budget organisations.

Public Assets means roads (including culverts and fords), road reserves, footpaths, bridges, drains and seawalls:

Public Assets means the assets of the Borrower or of any political or adminis- trative subdivision thereof or of any entity owned or controlled by or operating for the account or benefit of the Borrower, or any such subdivision, including gold and other foreign exchange assets held by any institution performing the func- tions of a central bank or exchange stabilization fund, or similar functions, for the Borrower;

Public Assets. Amended to (SAA): means any assets which pursuant to the Law constitute “public property” and includes the Existing Public Assets and the New Public Assets which are declared tolerable and commissioned for operation; "Qualifying Change of Law" Deleted (SAA);