Required Assets definition

Required Assets means, collectively, Seller’s right, title and interest in and to the assets listed in Exhibit B attached hereto, provided, however, that the Required Assets shall not, under any circumstances, include Seller’s or Assignor’s (i) cash, (ii) accounts receivable, (iii) claims or preference or fraudulent conveyance recoveries under applicable law, (iv) state or federal tax refunds, (v) insurance refunds or recoveries, (vi) utility or leasehold security deposits, and (vii) the “Excluded Assets” (defined below). Buyer shall promptly execute and deliver to Seller any and all such further assignments, endorsements and other documents as Seller may reasonably request for the purpose of effectuating the terms and conditions of this Section. For the avoidance of doubt, it is the intent of the parties hereto that none of the Excluded Assets shall be transferred to Buyer. The parties hereto acknowledge and agree that the Required Assets only comprise a limited and narrowly defined portion of the overall Assets and that the Excluded Assets comprise the majority of the Assets.
Required Assets has the meaning set forth in Section 6.3.
Required Assets has the meaning given to that term in paragraph 6.2 of Schedule 12 (Exit and Service Transfer Arrangements);

Examples of Required Assets in a sentence

  • Secondly, the tree will expand in whatsoever location of the random node, i.e., when the algorithm cannot pick a depth with current vector pointing in the Line of Sight (LoS) direction, it will still augment to the tree a node in the opposite of LoS under thepropulsion of minimum current at the tree leaf.

  • All rights of Seller with regard to the ownership and possession of the Required Assets are rights held as Assignee pursuant to the General Assignment made by Assignor.

  • Seller shall have made the Required Assets available to Buyer as set forth in Section 1.3 above.

  • The Required Assets will be sold, assigned, transferred and conveyed to Buyer (subject to Section 1.3) on the Closing Date “as is” and “where is”, with no representations or warranties other than those specifically set forth below, and subject to any and all pledges, liens, licenses, rights of possession, security interests, restrictions, encumbrances, charges, title retention, conditional sale or other security arrangements of any nature whatsoever (collectively, “Encumbrances”).

  • Pursuant to this Agreement, Seller, solely in its capacity as Assignee, sells, assigns, and transfers all of its right, title and interest in and to the Required Assets to Buyer.


More Definitions of Required Assets

Required Assets means the present value, as of the Measurement Date, of the sum of (x) the maximum aggregate amount that could become payable to the Participants under the Plans if their employment terminated on the six-month anniversary of the Measurement Date, and (y) an estimate of the expenses reasonably likely to be incurred by the Trust from the Measurement Date through such six-month anniversary, including without limitation the Trustee’s and Consulting Firm’s fees as estimated by the Trustee and the Consulting Firm, respectively. In determining the present value of any benefit under a Plan, the Consulting Firm shall use the interest rate in effect for purposes of the Plan on the Measurement Date or, if it produces a larger present value, the interest rate that the Consulting Firm reasonably expects to be in effect on such six-month anniversary, based upon market conditions at the time the determination is being made; and
Required Assets has the meaning set forth in Section 5.5.2.
Required Assets. ’ means such fixed assets (i.e. the land use right over a piece of
Required Assets means, collectively, the rights, assets (both tangible and intangible) and all other items listed in Exhibit A attached hereto, including (i) all of the Key Components (as defined in Section 1.2(c)), (ii) all of the Material Required Assets, and (iii) any Additional Agreements (as defined in Section 1.2(b) below), but excluding any (x) Liabilities (as defined in Section 3.1), and (y) Excluded Assets (as defined in Exhibit A). As used in this Agreement, “Material Required Assets” means those assets set forth on Exhibit F as of the expiration of the Identification Period (as defined in Section 1.2(c)), pursuant to Section 1.2(c).
Required Assets means, collectively, Sellers’ respective right, title and interest in and to the assets listed in Exhibit D attached hereto, provided, however, that the Required Assets shall not, under any circumstances, include any of the Sellers’ or Assignors’ (i) cash, (ii) claims or preference or fraudulent conveyance recoveries under applicable law, (iii) state or federal tax refunds, (iv) insurance refunds or recoveries, and (v) utility or leasehold security deposit. Buyer shall promptly execute and deliver to Sellers any and all such further assignments, endorsements and other documents as Sellers may reasonably request for the purpose of effectuating the terms and conditions of this Section.
Required Assets means the present value, as of the Measurement Date, of the sum of (x) the maximum aggregate amount that could become payable to the Participants under the Plans, and (y) an estimate of the expenses reasonably likely to be incurred by the Trust from the Measurement Date through the termination of the Trust, including without limitation the Trustee's fees. In determining present value, the Committee shall use as a discount rate the applicable federal rate (as defined in Section 1274(d) of the Code) in effect on the Measurement Date (the "Applicable Federal Rate"), or such lower amount as it shall in its discretion determine.
Required Assets. Except as described in Schedule 6.20 or elsewhere herein, the Business Assets, together with any Material Contracts not included as a part thereof, include all intellectual property rights needed to conduct the Business as presently conducted, without infringing on the rights of any other party, except for the Excluded Assets described in Sections 4.05 and 4.08.