Unrestricted Asset definition
Unrestricted Asset means an Asset of the Estate that is not subject to any legally enforceable restriction requiring use or disposition of such Asset for a particular purpose and precluding use of such Asset for the Debtor’s general corporate purposes.
Unrestricted Asset has the meaning given to that term in the Senior Facilities Agreement.
Examples of Unrestricted Asset in a sentence
Each asset included as an Eligible Asset (as defined in Annex I hereto) under clause (I) or clause (II) of such definition is an Unrestricted Asset (as defined in Annex I hereto).