Initial Assets Sample Clauses
The 'Initial Assets' clause defines the specific assets that are contributed, transferred, or made available at the outset of an agreement or transaction. Typically, this clause lists or references the tangible or intangible items—such as cash, equipment, intellectual property, or inventory—that one or more parties provide as part of their initial obligations. By clearly identifying these assets, the clause ensures all parties have a mutual understanding of what is being provided at the start, thereby reducing the risk of disputes and establishing a clear baseline for future performance or obligations.
Initial Assets. Pursuant to the Original Agreement, MMCA, as Beneficial Owner, granted, assigned, transferred, conveyed and set over to MART, as of the date thereof, the sum of $100. The Trustee, on behalf of MART, has acknowledged receipt in trust from the Beneficial Owner, as of the date thereof, of the foregoing contribution, which constituted the initial assets of MART.
Initial Assets. Within thirty (30) days after the Effective Date, each Reinsurer shall deposit or cause to be deposited into such Reinsurer's Trust Account Eligible Assets in an amount as determined under and pursuant to such Reinsurer's Trust Agreement.
Initial Assets. Except for the Initial Assets and Related Assets, and any rights arising under the Related Documents and the Lease Documents, the Initial Asset Trusts have no other assets.
Initial Assets. Schedule 1 lists the Initial Assets and related Initial Asset Trusts, all of which are owned by ▇▇▇▇▇▇ as of the date hereof except for the Initial Assets that are Unowned Assets as of the date hereof as set forth therein or as listed on Schedule 3.02(a) to the First Disclosure Letter.
Initial Assets. The Initial Assets as defined in Section 2.2(b) hereof.
Initial Assets. “Assets,” as defined in Section 1 of the applicable Contribution Agreement.
Initial Assets. Each Initial Vendor undertakes to sell, assign, and transfer to the Purchaser or its Designated Subsidiary and the Purchaser undertakes to purchase, or to cause its Designated Subsidiary to purchase, from each Initial Vendor for the price and in accordance with and subject to the terms and conditions set forth in this Agreement, the following:
(a) all of that Initial Vendor’s right, title and interest in and to each of the Initial Vessels set out across from that Initial Vendor’s name on Schedule A hereto (and, with regard to the CMA CGM Château d’If , upon CMA CGM’s acquisition thereof pursuant to the terms of the Memoranda of Agreement), but excluding the Excluded Assets;
(b) the Initial Vendor’s Vessel Warranties, if any, to the extent assignable, and to the extent not assignable, the right to receive the benefit of that Initial Vendor’s Vessel Warranties pursuant to Section 7.1; and
(c) pursuant to this Agreement and the Initial Asset Newbuilding MOA and the relevant Vessel MOA for the CMA CGM Alcazar, all rights and benefits under the Memoranda of Agreement and the Hanjin Contracts to the extent assignable, and to the extent not assignable, the right to receive all benefits thereunder pursuant to Section 7.1. The assets described in subsection 2.1(a) to 2.1(c), but excluding the Excluded Assets, with respect to all of the Initial Vendors, are hereinafter collectively referred to as the “Initial Assets”.
Initial Assets. The Assets initially subject to this -------------- Agreement (the "Initial Assets") are identified on Attachment 1 hereto. --------------
Initial Assets