Removed Assets definition

Removed Assets means all assets removed from the coverage of this Agreement during the applicable fiscal year, excluding (1) any decrease in assets which is the result of negative market movement, (2) any decrease in assets which is the result of shareholder redemptions, (3) any assets removed pursuant to Section 13(e) hereof where the Custodian is the Defaulting Party, (4) any assets removed as the result of liquidation of a Fund and (5) any assets removed as the result of a merger of a Fund into another investment vehicle for which the Custodian then-currently provides custody services substantially similar to the services provided by the Custodian under this Agreement): Franklin T▇▇▇▇▇▇▇▇ · With respect to any Removed Assets removed up to and including December 31, 2020, the Early Removal Fee equals 25% of the fees that the Custodian would have received with respect to those Removed Assets if such Removed Assets had remained under the coverage of this Agreement until the end of the Current Term · With respect to any Removed Assets removed up to and including December 31, 2021, the Early Removal Fee equals 15% of the fees that the Custodian would have received with respect to those Removed Assets if such Removed Assets had remained under the coverage of this Agreement until the end of the Current Term · With respect to any Removed Assets removed up to and including December 31, 2022, the Early Removal Fee equals 10% of the fees that the Custodian would have received with respect to those Removed Assets if such Removed Assets had remained under the coverage of this Agreement until the end of the Current Term The Early Removal Fee is applicable on a fiscal year basis. Once the 1/3 threshold is passed with respect to a particular fiscal year, the Early Removal Fee shall be payable at such times as determined by the Custodian in its reasonable, good faith discretion. Each Investment Company agrees that the Early Removal Fee is reasonable compensation to the Custodian for the removal of assets before the end of the Current Term. Franklin T▇▇▇▇▇▇▇▇

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Removed Assets has the meaning set forth in Section 16.2(b)(iv).

Removed Assets. (i) the Fund will be deemed to have caused an Early Termination with respect to such Removed Assets as of the day immediately preceding the first such removal of assets; and, (ii) at, PFPC's option, either (a) the Fund will also be deemed to have caused an Early Termination with respect to all non-Removed Assets as of a date selected by PFPC, or (b) this Agreement will remain in full force and effect with respect to all non-Removed Assets. Notwithstanding the foregoing, the Fund shall not be deemed to have caused an Early Termination in the event that the Board of Trustees of the Trust determines to close some (but not all) of the Portfolios (each, a "Closed Fund") provided that such Closed Fund's assets are not subsequently transferred to, or serviced by, another service provider for similar services.

Examples of Removed Assets in a sentence

• In the event Removed Assets are removed from the coverage of this Agreement, BNY Mellon at its discretion may require the renegotiation of fees relating to this Agreement, and in such case the parties will negotiate in good faith a revised fee schedule.

• For avoidance of doubt, if any of the Fund’s assets or accounts serviced by BNYM under this Agreement are removed from the coverage of this Agreement (“Removed Accounts”) and are subsequently serviced by BNYM under another agreement, the Fund will be not be deemed to have caused an Early Termination with respect to such Removed Assets for the purposes of the payment of an Early Termination Fee.

• During the term of this Agreement and subject to the terms of this Section 4, Delphi (acting through the IPC or other duly appointed person or entity) may withdraw from GMIMCo’s management assets of the U.S. Plans and arrange for those Removed Assets to be managed by one or more Delphi Investment Managers; provided, however, that the Trustee and Recordkeeper with respect to all of the other assets of the U.S. Plans continue to be the Trustee and Recordkeeper, respectively, of any assets so withdrawn.

• As a result of the exclusion of the Removed Assets, the Base Purchase Price is hereby reduced by an amount equal to $155,392.

• The Removed Assets are hereby excluded and deleted from the purchase and sale contemplated by the PSA and are deemed no longer subject to the PSA in any respect.

• A transaction or series of transactions that would result in an entity not affiliated with New York Life Investment Management Holdings LLC serving as the investment advisor or sponsor of the Trust or a Series, provided that in such event the Trust shall provide to the Bank three hundred and sixty five (365) days’ notice prior to moving any Removed Assets to another service provider.

• The single or partial exercise of any such right or remedy will not preclude any other or further exercise thereof or the exercise of any other right or remedy.

• Termination of the Fair Value Services shall not terminate the Agreement, and the subsequent provision of Fair Value Services by the Trust, an affiliate of the Trust, or another service provider shall not be deemed to constitute Removed Assets.

• All New, Modified, Abandoned and Removed Assets are to be contained within the one CAD file for each Project.

More Definitions of Removed Assets

Removed Assets. With respect to any Early Termination, Tenant’s obligations under this Lease shall be deemed to continue in effect until the later of the Removal Date or the completion of the removal of the Removed Assets (for example, Tenant must continue to maintain insurance, comply with Laws, etc.), but Tenant’s right to use the Leased Premises and Joint Use Areas shall be limited to removing the Removed Assets therefrom. Tenant shall repair any damage to the Leased Premises or Joint Use Areas caused by such removal, and any and all such property not so removed within thirty (30) days after the Removal Date shall, at Landlord’s option, become the exclusive property of Landlord and be disposed of by Landlord, at Tenant’s cost and expense, without further notice to or demand upon Tenant. If the Leased Premises and Joint Use Areas are not surrendered as above set forth, Tenant shall indemnify, defend and hold harmless Landlord against loss or liability resulting from the delay by Tenant in so surrendering the Leased Premises and Joint Use Areas, including, without limitation, the cost of dismantling and disposing of the Plant (if Tenant so chooses) and compliance with Laws with respect thereto. Tenant’s obligation to observe or perform these covenants shall survive the expiration or other termination of this Lease. Tenant shall have no obligation to restore the non-operational ethanol plant that exists on the Land as of the Commencement Date. All property of Tenant not removed on or before the thirtieth (30th) day after the Removal Date shall, at the option of Landlord, be deemed abandoned to Landlord. To the extent legally permitted, Tenant hereby irrevocably authorizes Landlord to remove all property of Tenant from the Leased Premises and Joint Use Areas thirty (30) days following the Removal Date and to cause its transportation and storage for Tenant’s benefit, all at the sole cost and risk of Tenant, and Landlord shall not be liable in any manner in respect thereto. Tenant covenants to pay all costs and expenses of such removal, transportation and storage. Tenant shall reimburse Landlord upon demand for any expenses incurred by Landlord with respect to removal or storage of abandoned property and with respect to restoring said Leased Premises and Joint Use Areas to good order, condition and repair. In addition, Landlord is hereby irrevocably authorized, to the extent legally permitted, to sell, at public or private sale, with or without legal proceedings, and with or...

Removed Assets means all assets removed from the coverage of this Agreement during the applicable fiscal year, excluding (1) any decrease in assets which is the result of negative market movement, (2) any decrease in assets which is the result of shareholder redemptions, (3) any assets removed pursuant to Section 13(e) hereof where the Custodian is the Defaulting Party, (4) any assets removed as the result of liquidation of a Fund and (5) any assets removed as the result of a merger of a Fund into another investment vehicle for which the Custodian then-currently provides custody services substantially similar to the services provided by the Custodian under this Agreement):

Removed Assets has the meaning specified in Section 3.13(i).

Removed Assets means any EMEA Assets designated as Removed Assets pursuant to Clause 7, or Clause 6 of Schedule 6 (Employees);

Removed Assets has the meaning set forth in Section 5.24(a). “Removed Liabilities” has the meaning set forth in Section 5.24(b). “Respective Affiliates” has the meaning set forth in Section 10.16(c). “Restricted Seller” has the meaning set forth in Section 5.24(b). “Restricted Technical Records” means the Livelink database or any other similar database containing only all necessary documents with respect to the technical aspects of