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 Txxxxxxxx · 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 Txxxxxxxx
Sample 1Sample 2Sample 3
Removed Assets has the meaning set forth in Section 16.2(b)(iv).
Sample 1Sample 2Sample 3
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.
Sample 1Sample 2

Examples of Removed Assets in a sentence

  • The Debtors and Purchaser acknowledge and agree that there shall be no storage or usage fees associated with storing the Removed Assets on the Real Property during the Removal Period.

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

  • Covered persons outside the pro- gram-specific mandatory priority or spending requirement or limitation must receive priority for the program or service over non-covered persons outside the program-specific manda- tory priority or spending requirement or limitation.

  • 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.

  • The following information, if applicable, should be provided for each statement required to be filed, except that information required by items marked (*) should be provided as of the date of the most recent audited balance sheet: Removed *Assets mortgaged, pledged, or otherwise subject to lien, and the approximate amounts thereof, should be designated and the obligations collateralized briefly identified.

  • If the work order has a classification of ISP, the corresponding SSP asset is moved to the Production layer with a status of “Operating”.• Removed Assets will be placed on the appropriate map layer (Abandoned in Place, Removed, etc.).• Designer Drafter (Evan) reviews the map changes.• If the changes are approved, designer Drafter changes the status back toREVCOMP.• If changes are not approved, Designer/Drafter reassigns original GIS owner and changes the status to REVCOMP (repeat previous three steps).


More Definitions of Removed Assets

Removed Assets has the meaning specified in Section 3.13(i).
Sample 1
Removed Assets means any EMEA Assets designated as Removed Assets pursuant to Clause 7, or Clause 6 of Schedule 6 (Employees);
Sample 1
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):
Sample 1
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
Sample 1

Related to Removed Assets

  • Removed Accounts shall have the meaning specified in Section 2.10.

  • Removed Account shall have the meaning specified in Section 2.07(c).

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

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

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

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

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Additional Accounts shall have the meaning specified in subsection 2.06(a).

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Real Property Assets means as to any Person as of any time, the real property assets (including interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Removal Cut-Off Date means, with respect to the Removed Accounts, .

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Adjoining Property means all sidewalks, driveways, curbs, gores and vault spaces adjoining any of the Leased Premises.