Remaining Assets definition

Remaining Assets means any Asset of the Estates that is not (i) Cash on Hand, (ii) an Identified Asset, nor (iii) the Equity Interests in Lucky’s Market GP 2, LLC and LFM Stores, LLC.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Remaining Assets means all properties, assets, contracts or rights of the Transferor Company or any right, title or interest therein, other than those forming part of the Divestment Business Undertaking, and shall also include identified properties as agreed to and identified in writing between the Parties;

Remaining Assets means all assets of the Debtor of any nature whatsoever, including, without limitation, property of the estate pursuant to section 541 of the Bankruptcy Code, claims of right, interests and property, real and personal, tangible, and intangible, including but not limited to accounts receivable or other rights to receive Proceeds, but excluding the Claims released pursuant to this Plan and/or the Confirmation Order.

Examples of Remaining Assets in a sentence

• No later than ten (10) calendar days after the Independent Valuation Firm renders its decision as to the Fair Market Value of the items set forth in the preceding sentence, each Member shall deliver a written notice to the Company indicating if such Member offers to make a Capital Contribution in order to receive a distribution of all, but not less than all, of the Disputed Remaining Assets from the Company based on the Fair Market Value of such assets (as determined pursuant to the preceding sentence).

• If there are funds remaining in the Beneficiary’s Sub-Account after the Trust’s Remainder Share has been satisfied, the Remaining Assets shall pass according to the Beneficiary Designation of Schedule B to this Joinder Agreement.

• The Company shall distribute the Disputed Remaining Assets to the winning, highest- bidding Member and, if applicable, such Member shall make a Capital Contribution determined under Section 21.4.3.

• If the Members agree on an allocation between the Members of any of the Remaining Assets within forty (40) calendar days after the occurrence of a Termination Event, such assets (the “Non-Disputed Remaining Assets”) shall be so distributed to the Members as so agreed.

• The Independent Valuation Firm shall determine, in accordance with the procedures set forth in Section 23.16, the Fair Market Value of each of (a) the Non-Disputed Remaining Assets and (b) those Remaining Assets for which the Members cannot agree on an allocation between the Members (the “Disputed Remaining Assets”).

More Definitions of Remaining Assets

Remaining Assets means the Purchase Agreement Excluded Assets other than the Government Parcels, the Reorganized Debtor Assets and the Liquidating Trust Assets. For the avoidance of doubt, the Remaining Assets shall include the Option Refinery Property, unless and until such property is transferred to the Purchaser pursuant to the Option Agreement.

Remaining Assets has the meaning set forth in Section 2.2(c).

Remaining Assets means, in the event that the Plan is confirmed based on the terms and provisions of Plan A of the Plan, any Assets not being transferred to the Transferee, which Assets will be transferred to the Acis Trust on the Effective Date.

Remaining Assets is defined in Section 21.5.3.1.

Remaining Assets means the Assets that will not be transferred to the Purchaser but will be transferred to the Trust on the Effective Date.

Remaining Assets means remaining property of the Debtors’ Estates following

Remaining Assets means any and all assets of the Debtors’ Estates as of the Effective Date, except (i) Cash and (ii) any assets that would constitute Liquidating Trust Assets.