Support Assets definition

Support Assets has the meaning set forth in Section 4.05(a). For the avoidance of doubt, the Support Assets include all Sold Assets.

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Support Assets means any asset or assets that may be reasonably necessary for and related to the administration of PEG Inc.’s business, such as computer hardware, software, data back-up infrastructure, facilities and any other assets as may be reasonably determined by PEG Inc.

Support Assets has the meaning set forth in Section 5.05(a).

Examples of Support Assets in a sentence

• The Seller shall keep in full force and effect its existence and rights as a limited liability company under the laws of the State of Delaware, and shall obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the other Transaction Documents and the Support Assets.

• None of the Purchaser Parties shall have any obligation or liability with respect to any Support Assets, nor shall any of them be obligated to perform any of the obligations of the Seller, the Servicer or any Originator thereunder.

• Furnish or cause to be furnished to the Transferee, the Agent and each Investor from time to time such information with respect to the Receivables and the other Support Assets as the Transferee, the Agent or any Investor may reasonably request.

• Except as otherwise explicitly provided herein, sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (including, without limitation, the filing of any financing statement) or with respect to, any Receivable or other Support Assets, or assign any right to receive income in respect thereof.

• The Administrative Agent (for the benefit of the Secured Parties) shall have, with respect to all the Support Assets, and in addition to all the other rights and remedies available to the Administrative Agent (for the benefit of the Secured Parties), all the rights and remedies of a secured party under any applicable UCC.

More Definitions of Support Assets

Support Assets has the meaning given in clause 3.6(b)(iv)(A).

Support Assets has the meaning given in clause 3.6(b)(iv)(A) of the Implementation Agreement.

Support Assets means immaterial, non-essential assets, such as paper pads, toner and ink cartridges for printers or photocopiers, writing instruments (such as pens, pencils, highlighters and erasers), binding or fastening devices (such as staplers and staples, velobinders and three-ring binders, paper clips and glue), cleaning supplies, bathroom supplies, kitchen supplies, kitchen utensils and kitchen small appliances and other tangible supplies, that are not significant to the running of the Company and the Company Subsidiaries in the ordinary course of business and (ii) “shrink wrap,” “commercially available off the shelf software package”, “click through” and other similar non-exclusive licenses (and maintenance and support services for the foregoing) with an aggregate cost less than $100,000 per year in the aggregate.

Support Assets means, with respect to any Party, any asset or assets that may be reasonably necessary for and related to the administration of such Party’s business, such as computer hardware, software, data back-up infrastructure, facilities and any other assets as may be reasonably determined by such Party.

Support Assets means assets (including computers and any software embodied in such computers) of the Seller not located at the Heath Headquarters, the Owned Real Property or the Leased Real Property used to provide support or administrative functions on behalf of the Heath Business and any communication or data network systems used in the Heath Business but not used solely in the Heath Business. An example of these functions are the support functions provided to the Heath Business and charged to the G&A allocation charged to the Heath Business;

Support Assets means all assets and rights of any nature of the Seller and its Affiliates (other than the Company), used or held for use in connection with the provision of (i) Support Services to the Company (including the right to receive such services) and (ii) the Services (as defined in the Transition Services Agreement) to the Purchaser and its Affiliates following the Closing.

Support Assets means those assets used by Seller in support of the Business, which assets are listed in Schedule 1.8 attached hereto.