Way Assets definition
Examples of Way Assets in a sentence
The Project Partnerships intend that any buildings, structures, facilities, improvements, fixtures, ▇▇▇▇▇, sumps, ponds, machinery, tools, equipment or other real or personal property constructed, installed or placed upon the Right of Way Property (collectively, the "Additional Right of Way Assets") shall be paid for and owned jointly by the Project Partnerships and shall be deemed to be Jointly-Owned Assets (as defined below).
At the Time of Closing, there shall not have been any material adverse change in the condition (financial or otherwise), of Way Assets, or the liabilities, capitalization, or business of Way from that as set forth in Way Financial Statements or provided by Way to UGE in writing and accepted by them and a Certificate to that effect signed by a duly authorized officer of Way shall have been delivered to UGE and the Majority UGE Shareholder.
Way is the owner of and has good and marketable title to all of its material properties and Way Assets, including, without limitation, all properties and assets reflected in its Way Financial Statements and all properties and assets acquired by Way after the date of Way Financial Statements, free and clear of all Encumbrances whatsoever, except for Way Permitted Encumbrances and those Encumbrances disclosed or reflected in Way Financial Statements.
There are no outstanding material orders, notices or similar requirements relating to Way or Way Assets issued by any federal, state, provincial or municipal authority including, without limitation, occupational health and safety authorities and to the knowledge of Way there are no matters under discussion with any such authorities relating to orders, notices or similar requirements.
The Way Documents and Way Material Contracts are the only material documents and contracts currently in effect under and by virtue of which Way is entitled to Way Assets or which otherwise relates to or affects the interests of Way in Way Assets.
No other Persons own any Way Assets and there are no agreements or commitments to purchase or sell property or assets by Way.