Use Assets definition

Use Assets those assets which are owned by the Council, the use of which is shared by the Council and the Partner, maintained by the Partner and refreshed by either the Council or the Partner (in accordance with Schedule 2 (Asset Register)) comprising such assets as:
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Use Assets means to use, handle, lease, licence, invest, sell, transfer, mortgage or grant a security interest over, give, apply, expend, dispose of, or in any other way deal with Assets, or any interest in them.
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Examples of Use Assets in a sentence

  • Except as set forth in Schedule 4.12, the Purchased Assets constitute in all material respects the assets necessary for the conduct of the Purchased Business as conducted by Sellers during the 12 months prior to the date hereof, subject to the understanding that the Purchased Assets do not include master service agreements with customers, the Shared Use Assets, or all of the personnel and assets that provide administrative and similar support services for the Purchased Business.

  • This Section 8.1 shall not be construed as limiting any Party’s right to freely Assign any of the Coal Interests, Gas Interests, Surface Rights and/or License Use Assets held by such Party in the Cooperation Area, subject, however, to compliance with the Surface Assignment Notice requirements of Section 5.1(b), and the Consent Request requirements of Section 8.1(b).

  • Dual Use Assets shall be subject to an equitable interest in favor of continued use for Water Supply Activity by Member Agencies.

  • Purchaser and Seller agree that it is in the interests of both parties to use all reasonable efforts prior to the Closing Date to definitively identify all Dual Use Assets and to meet and confer for the purpose of seeking to resolve any disputes with regard to the status of such Dual Use Assets as either Purchased Assets or Excluded Assets.

  • Purchaser and Seller acknowledge and agree that the Purchased Assets and Excluded Assets will include assets which are currently used in both the Alpha Operations and the Business (such assets being hereinafter referred to as "Dual Use Assets").

  • CRSC hereby grants JVC an option to purchase all or a part of the Common Use Assets exercisable only as provided in Section 13.02 and subject to the procedures and limitations in Section 13.03 (the “Purchase Option”).

  • Unless agreed otherwise by all Parties, if any of the Common Use Assets is materially damaged or destroyed by fire or other casualty, CRSC shall effect or cause the repair, restoration, reconstruction or replacement of such damaged or destroyed Common Use Asset.

  • JVC shall have the right, but not the obligation, to exercise the Purchase Option with respect to all or a part of the Common Use Assets within one hundred and eighty (180) days of JVC’s receipt of the Shutdown Notice.

  • The Customer Use Assets Services may be used only to purchase Customer Use Assets; Bank will have no obligation to make Customer Use Assets Advances after 90 days after the purchase of the Customer Use Assets for which the Customer Use Assets Advance will be used if Borrower has not timely submitted appropriate supporting documentation, including invoices and the Payment/Advance Form.

  • For the avoidance of doubt, Assigning Party shall, in such event, cause the Assignment of the relevant Coal Interests, Gas Interests, Surface Rights, and/or License Use Assets to be made subject to this Agreement and cause its Affiliate that is the Assignee to expressly agree to be bound by this Agreement as though it was an original Party hereto with respect to the Assigned Coal Interests, Assigned Gas Interests, Assigned Surface Rights and/or Assigned License Use Assets.

Related to Use Assets

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • Gross Assets means the total of fixed assets and current assets;

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.