Replaced Asset definition

Replaced Asset. Defined in Section 2.18(a).

Replaced Asset. An Asset replaced or to be replaced by a Qualified Substitute Asset.

Replaced Asset means an existing thermal energy resource:

Examples of Replaced Asset in a sentence

• In lieu of purchasing any such Asset as provided above, if so provided in the related Sales Agreement, the Seller may cause such Asset to be removed from the Trust (in which case it shall become a Replaced Asset) and substitute one or more Qualified Substitute Assets in the manner and subject to the limitations set forth in Section 2.06(g) below.

• Unless otherwise provided in the Pooling and Servicing Agreement, the right to substitute a Qualified Substitute Asset for any Replaced Asset that is an asset of the Trust shall be limited to (1) in the case of substitutions pursuant to Section 2.06(a) or 2.06(c), the two-year period beginning on the Closing Date and (2) in the case of any other substitution, the three-month period beginning on the Closing Date.

• The Servicer shall amend the Asset Schedule to reflect the removal of such Replaced Asset from the terms of the Pooling and Servicing Agreement and the substitution of the Qualified Substitute Asset or Assets.

• For the month of substitution, distributions to Certificateholders will reflect the Monthly Payment due on such Replaced Asset during the month in which the substitution occurs, and the Company or the Seller, as the case may be, shall thereafter be entitled to retain all amounts subsequently received in respect of such Replaced Asset.

• For the avoidance of doubt, it is clarified that upon the replacement of the Replaced Asset in accordance with this subsection (2), the terms of subsection (b) below will apply.

More Definitions of Replaced Asset

Replaced Asset means an existing thermal energy resource that (a) was built or acquired, in whole or in part, by the Company prior to the date of Commission Approval for the purpose of serving the Company’s customers, including customers within a Participating Community; and (b) is deemed to no longer serve Participating Customers.

Replaced Asset shall have the meaning ascribed to it in Section 2.1(f).

Replaced Asset. Has the meaning assigned in Section 2.03 of the Indenture.

Replaced Asset. Defined in Section 6.2(a).

Replaced Asset means any Real Property Asset that is sold, leased, transferred or otherwise disposed of within the applicable 36-month period if and to the extent that, within the six (6) month period following the consummation of such sale, lease, transfer or other disposition, the Borrower, the REIT or any Consolidated Entity acquires one or more similar Real Property Assets; in such event, the Real Property Asset so sold, leased, transferred or otherwise disposed of shall be deemed a "Replaced Asset" to the extent of the Market Value and Net Operating Income of the replacement Real Property Asset acquired during such six-month period, as determined at the time that any determination of "Substantial Assets" is made hereunder, based upon the most recently available financial statements.

Replaced Asset means, with respect to any Redeployed Asset, the CFS Portfolio Financing and Lease Asset that, due to the termination thereof (for any reason) gave rise to Buyer’s Disposition of the related Portfolio Property and thereby resulted in the creation of such Redeployed Asset.

Replaced Asset has the meaning assigned in Section 3.06(b).