Bulk Transfer Provisions Sample Clauses
Bulk Transfer Provisions are contractual terms that facilitate the transfer of a large group of assets, rights, or obligations from one party to another in a single transaction. These provisions typically outline the process for notifying affected parties, obtaining necessary consents, and ensuring compliance with relevant laws or regulations. By streamlining the transfer process, Bulk Transfer Provisions help reduce administrative burdens and legal risks, ensuring that large-scale asset or contract transfers can occur efficiently and with minimal disruption.
Bulk Transfer Provisions. The contribution and transfer of the Leases and Equipment by the Originator to the Seller, the contribution and transfer of the Leases by the Seller to the Issuer and the grant of the security interest in the Seller's interest in the Equipment by the Seller to the Issuer, in each case as contemplated in Section 1, are not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction.
Bulk Transfer Provisions. No transfer, assignment or conveyance of Contracts or the other Company Assets by the Company to the Issuer contemplated by this Agreement will be subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction.
Bulk Transfer Provisions. No transfer, assignment or conveyance of Contracts or the other Contributed Property by the Contributor to the Transferor contemplated by this Agreement will be subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction.
Bulk Transfer Provisions. The sale, transfer, assignment and conveyance of the Leases and its interests in the related Equipment by Trans Leasing described in this Agreement is not subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction;
Bulk Transfer Provisions. Purchaser and Seller acknowledge that the bulk transfer provisions of the California Uniform Commercial Code is likely applicable to this transaction, but that it will be impractical to comply with such provisions. Accordingly, Seller covenants to indemnify and hold Purchaser harmless from any claims or demands of Seller's creditors arising out of or related to the failure to comply with the bulk transfer provisions, subject to and in accordance with the procedures set forth in Article 10.
Bulk Transfer Provisions. The Seller Parties and Purchaser hereby waive compliance with the provisions of any applicable bulk transfer law.
Bulk Transfer Provisions. Each Party hereto hereby waives compliance with the provisions of any applicable bulk transfer Law; provided, however, that the Seller agrees (a) to pay and discharge when due or to contest or litigate all claims of creditors that are asserted against the Buyer or the Purchased Assets by reason of noncompliance with any such Law, (b) to indemnify, defend and hold harmless the Buyer from and against any and all such claims in the manner provided in ARTICLE VI and (c) to take promptly all necessary action to remove any Encumbrance on the Purchased Assets by reason of such noncompliance.
Bulk Transfer Provisions. SafeNet and Buyer hereby waive compliance with the provisions of any applicable bulk transfer law; provided, however, that the Seller agrees (i) to pay and discharge when due or to contest or litigate all claims of creditors which are asserted against SafeNet, Sub or the Purchased Assets (other than the Assumed Liabilities) by reason of such noncompliance, (ii) to indemnify, defend and hold harmless SafeNet and Buyer from and against any and all such claims in the manner provided in Section 9 and (iii) to take promptly all necessary action to remove any Lien or Encumbrance which is placed on the Purchased Assets by reason of such noncompliance.
Bulk Transfer Provisions. Purchaser and Seller hereby waive compliance with the bulk transfer provisions of the Uniform Commercial Code (or any similar Law) in connection with the transactions contemplated by this Agreement.
Bulk Transfer Provisions. The sale, transfer, assignment and conveyance of its Receivables by such Seller to the Purchaser contemplated by this Sales and Servicing Agreement will not be subject to the bulk transfer or any similar statutory provisions in effect in any applicable jurisdiction.