SALE/ASSIGNMENT. The Seller shall on or prior to each Purchase Date, with respect to the Purchased Assets to be sold, assigned and conveyed on such date, execute and deliver to the Buyer a written assignment (the “Sale Assignment”) from Seller to the Buyer substantially in the form of Exhibit A hereto. The failure of the Seller to execute and deliver a Sale Assignment shall not limit or otherwise affect the validity and enforceability of the sale, assignment and conveyance of the Purchased Assets or the status of such sale, assignment and conveyance as an absolute sale of the Loans and other Purchased Assets. From and after such Purchase Date, such Purchased Assets shall be deemed to be part of the Purchased Assets hereunder.
Appears in 5 contracts
Samples: Purchase and Sale Agreement (American Capital Strategies LTD), Purchase and Sale Agreement (American Capital Strategies LTD), Purchase and Sale Agreement (Patriot Capital Funding, Inc.)
