Replacement Asset definition

Replacement Asset means a Property or asset that, as determined by the Board of Directors of the Company as evidenced by a Board Resolution, is used or is useful in a Related Business.

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Replacement Asset. Has the meaning set forth in Section 3.04 of the related Transfer Agreement.

Replacement Asset any property acquired by a Company or any of its Subsidiaries subsequent to the Closing Date which replaces Obsolete Property of the same type and utility as the property acquired.

Examples of Replacement Asset in a sentence

The Trustee shall have no responsibility whatsoever to determine the value of such Replacement Assets, that any Replacement Asset is timely deposited in accordance with the timing requirements in Section 4(c)(ii)(1)(B)(I) through (III) or is otherwise in compliance with any other requirements set forth in Section 4(c)(ii)(1)(A), or that such Replacement Assets constitute Eligible Assets.
Prior to the Collateral Change Settlement Date, the Sole Member shall contribute to the Issuer each Replacement Asset described in clause (a) or (b) of the definition thereof that is identified in any Collateral Change Event Notice in accordance with the requirements of this Section 3.
Prior to the Collateral Change Settlement Date, the Sole Shareholder shall contribute to the Issuer each Replacement Asset described in clause (a) or (b) of the definition thereof that is identified in any Collateral Change Event Notice in accordance with the requirements of this Section 3.
A Replacement Asset Manager may only be appointed by Consent of the Members.
In the event that the purchase price of Replacement Asset (plus any other transaction costs, fees, or other amounts, if any) exceeds the purchase price of such Crypto Asset in the Transaction Order that underlies such Event of Default, the defaulting Liquidity Party shall be liable to non-defaulting Liquidity Party for the amount of such excess together with interest thereon from the date of such Replacement Asset purchase until the date of payment of such excess.

More Definitions of Replacement Asset

Replacement Asset means (a) any Airframe or Aircraft Engine acquired in a Replacement Exchange by any Issuer Group Member from a Seller after the Initial Closing Date in accordance with Section 3.01(i) and 5.02(q), or (b) any Aircraft Engine replacing a prior Aircraft Engine pursuant to a Lease as provided in Sections 4.01 and 4.02 of Schedule 2.02(a) of the Servicing Agreement, but in each case, excluding any Airframe or Engine after it has been sold or disposed of by way of a completed Asset Disposition.

Replacement Asset means, with respect to any Disposition or Involuntary Disposition, a Property or asset that is the same or similar to the Property or asset subject to such Disposition or Involuntary Disposition or any other Property or asset that is used or will be used in the ordinary course of the Stopping Center business of the Borrower consistent with past practices.

Replacement Asset means any asset which, as of the date of the relevant Replacement Notice, satisfies the Replacement Test and the terms (if any) as specified in the applicable Issuance Document (which asset (i) may (but is not required to) be an asset of a different type from the Replaced Asset and (ii) may include, without limitation, a new or, to the extent that the existing Supplementary Assets in respect of the relevant Category C Compartment comprise one or more agreements, an amended, agreement).

Replacement Asset shall have the meaning specified in Section 2.6(b)(ii).

Replacement Asset. With respect to any Collateral Change Event, any one or more of the following (as shall be identified in a Collateral Change Event Notice that satisfies the requirements of Section 3 hereof):

Replacement Asset has the meaning specified in Section 1014.

Replacement Asset any property acquired by the Borrower or any of its Subsidiaries subsequent to the Closing Date which replaces Obsolete Property of the same type and utility as the property acquired.