Right of Use Assets definition
Right of Use Assets means, at any time the same to be determined with respect to any Property leased by the Parent or any of its Subsidiaries, the value of such asset as set forth on the consolidated financial statements of the Parent and its Subsidiaries at such time.
Right of Use Assets means the leases in respect of the Premises from where each Business of the Seller is conducted, which, if agreed to by each Seller and the Purchaser, will form part of the Sale Assets, and will be valued as a the book value, as at the Closing Date, as recorded in the Closing Date Accounts, and recorded next to the name of the Seller in the Row which bears the Seller’s name, and more fully described in Column 4 of Annexure B and the supporting Schedules;
Right of Use Assets means the right-of-use assets recognised by Sav Hospitality for the Hotel Management Agreement in accordance with HKFRS 16 Leases;