Special Assets definition
Examples of Special Assets in a sentence
Any Net Available Proceeds from an Asset Disposition not applied in accordance with paragraph (b) within 330 days (or, in the case of a disposition of Special Assets identified in clause (a) of the definition thereof in which the Net Available Proceeds exceed $500,000,000, 510 days) from the date of the receipt of such Net Available Proceeds shall constitute “Excess Proceeds.” The Borrower shall apply such Excess Proceeds to the extent and in the manner required by Section 2.05.
If you file bankruptcy you must send us notice, including your account number and all information related to the proceeding to the following address: First Commonwealth, Attn: Special Assets, P.O. Box 400, Indiana, PA 15701.
Upon termination, Custodian shall have a reasonable amount of time to transfer the Special Assets held in the Account either to a successor custodian appointed by Principal or to Principal.
Energy West Resources Page two April 1, 1997 Please make payment directly to the following address: KeyBank of Wyoming ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ P.O. Box 924 Cheyenne, WY 82001 ATTN: ▇▇▇▇▇ ▇▇▇▇, Assistant Vice-President Special Assets Department If for whatever reason funds are placed in suspense and not paid directly to the Bank as set forth above, please contact the undersigned directly.
For the purposes of this Subsection (a), "Special Assets" means capital assets that constitute utility or non-utility plant and that: (1) taking into account any substantially contemporaneous or otherwise related sale, transfer, lease or other disposition, increase the generating capacity of the System or any generating plant of the Borrower by more than 5%; (2) are not subject to the lien of the Indenture and are not nuclear fuel; or (3) are not used or useful as a part of the System.