Significant Asset definition

Significant Asset means any property of a corporation (including any contract, shares in a company or interest in a joint venture) that has a value exceeding the greater of —

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Significant Asset means an item of capital expenditure (excluding real property) the value of which exceeds the Significant Asset Threshold Value.

Significant Asset means any asset or class of assets which value is at least ten percent (10%) of Owner’s total assets as of the date of this Agreement.

Examples of Significant Asset in a sentence

Within five (5) Business Days of any Significant Asset Sale by any one or more Loan Parties, the Revolving Credit Commitments shall automatically and permanently be reduced in an amount equal to the net cash proceeds of such Significant Asset Sale.
In addition, solely for purposes of determining the Consolidated Fixed Charge Coverage Ratio, any Indebtedness incurred or repaid in connection with any Permitted Acquisition or Significant Asset Sale and any other Permitted Acquisitions or Significant Asset Sales that have been consummated during the period shall be assumed to have been incurred or repaid at the beginning of such period.
Any Significant Asset Disposition Proposal Notice shall include a complete and accurate description of the material terms and conditions of the Significant Asset Disposition Proposal, including, without limitation, a description of the assets contemplated to be Transferred in the proposed Significant Asset Disposition.
Only one Significant Asset Sale Triggering Event can occur under this Indenture.
Until the date the last Milestone has been achieved, You must not (unless otherwise agreed with the Department in writing) encumber or dispose of any Significant Asset or otherwise encumber or dispose of the Project, any EV charger listed in Annexure 2 (if applicable) or any Asset without the Department’s prior approval which approval must not be unreasonably withheld.

More Definitions of Significant Asset

Significant Asset means any of the Arena, the Knicks, the Rangers or the Network.

Significant Asset means any asset or group of assets (including Assets, contractual rights or Authorisations) which is reasonably required by You to install, own, operate and maintain the Project in accordance with this agreement.

Significant Asset means any asset or group of assets (including Assets, contractual rights or Authorisations) obtained for the purposes of development or construction of the Project and which are reasonably likely to be required by the Recipient or the Project Company to complete development and construction of the Project. Specified Personnel the nominated Personnel of the Recipient who will be carrying out the Pre-investment Activity, as identified at item 15 of the Pre-investment Activity Details. Stages the stages in which the Recipient must complete the Pre-investment Activity (if any) as set out in items 1.1 and 1.3 of Schedule 1. Subcontractor any person to which the Recipient or the Project Company has subcontracted work in connection with the Pre-investment Activity. Sunset Date means the Sunset Date set out in item 14 Pre-investment Activity Details. Supplier has the meaning given to that term in clause 25(c). For information only Term the period commencing on the Commencement Date and ending on the End Date.

Significant Asset means any onshore or offshore natural gas pipeline, fractionation plant, gas processing facility or other asset transferred to Holdings by Shell or its Affiliates or which is integral to the Shell Group businesses other than Holdings and its Subsidiaries, in either such case, having a fair market value in excess of $10,000,000.

Significant Asset means, generally, one or more assets or businesses which, when purchased, optioned or otherwise, acquired by the Corporation together with any other concurrent transactions, results in the Corporation meeting the minimum listing requirements of the rules of policies of the Exchange;

Significant Asset means one or more assets or businesses which, when purchased, optioned or otherwise acquired by the CPC, together with any other concurrent transactions, would result in the CPC meeting the minimum listing requirements of the Exchange.

Significant Asset means (A) any intangible asset including, without limitation, any patent, trademark, license or copyright of any Borrower; provided that until the Borrowers transfer such general intangibles having a value in the aggregate of $500,000.00 while this Agreement remains in effect, the term "Significant Asset" shall not include the first $100,000.00 in value of general intangibles transferred by the Borrowers in any fiscal year and (B) any other asset of any Borrower (other than Inventory in the ordinary course of business); provided that the term "Significant Asset" shall not include the first $1,000,000.00 in the aggregate net value of assets referred to in clause (B) above transferred by the Borrowers in any fiscal year, with "value" as used in clause (A) hereof to be determined at the higher of fair market value or book value as determined by the Borrowers' books and records and "net value" as used in clause (B) hereof to be determined at the higher of fair market value or book value as determined by the Borrowers' books and records less the amount expended or committed to be expended by the Borrowers (in an amount not to exceed $10,000,000.00) with respect to any one sale of Significant Assets, within one hundred twenty (120) days before and/or after such transfer for the acquisition of any other asset, the use of which the Borrowers reasonably intend will replace the use of the asset transferred, provided that the "net value" of any asset shall never be less than zero.