Restricted Assets definition

Restricted Assets means all licenses, permits, franchises, approvals or other authorizations from any Governmental Authority from time to time granted to or otherwise held by the Company to the extent the same constitute “Excluded Assets” under (and as defined in) the Senior Lien Documents or the Junior Lien Documents or are similarly carved out from the granting clause or the collateral thereunder.

Restricted Assets means those assets the uses of which are restricted, wholly or partially, by regulations or other externally imposed requirements”, e.g. reserves set aside for specific purposes.

Restricted Assets has the meaning set forth in Section 5.5(b)(i).

Examples of Restricted Assets in a sentence

• The Parties will make commercially reasonable efforts to obtain any necessary approvals and will sell or assign the Restricted Assets only when they have been obtained.

• If a Restricted Asset is not assignable or consents cannot or have not been obtained, the Transferor will, to the extent permitted by applicable law, hold that Restricted Asset in trust for the Transferee; the Transferee will perform the covenants and obligations under and in respect of the Restricted Assets in the name of the Transferor; and the Transferor will hold all benefits relating to the Restricted Assets for the account of the Transferee.

• To the extent that any of the Transferred Assets are not capable of being sold or assigned without the prior approval of one or more third-parties (“Restricted Assets”), nothing in this Agreement will be construed as a sale or assignment of those Restricted Assets without first obtaining the necessary approvals.

• The Hospitals agree that their respective Restricted Assets (defined below) shall remain under their exclusive control for the furtherance of their charitable missions in accordance with such restrictions.

• The following concerns only Restricted Assets: Restricted Assets have license terms different from other Assets.

More Definitions of Restricted Assets

Restricted Assets in this subparagraph refers only to assets invested in the territory of the restricting Party by an investor of a Party that are restricted from being transferred out of the territory of the restricting Party.

Restricted Assets has the meaning specified in Section 2.01(b).

Restricted Assets means assets typically involving a penalty for early withdrawal, such as IRA accounts, KEOGH accounts, 401(k) accounts, employee retirement accounts, and other deferred tax protected assets involving a penalty for early withdrawal.

Restricted Assets shall have the meaning ascribed to such term in Section 3.3 hereof.

Restricted Assets shall have the meaning set forth in Section 2.3(a).

Restricted Assets means (a) the Collateral and (b) the Restricted Real Properties.

Restricted Assets has the meaning set forth in the New Omnibus Agreement.