Common use of Transfer of Initial Assets Clause in Contracts

Transfer of Initial Assets. Xxxxxx intends for the sale of each Initial Asset Interest to constitute a valid transfer of such asset and the related Transferred Property to WEST and intends that after the relevant Delivery Date, Xxxxxx shall retain no right, title or interest in such asset (other than through its ownership of Beneficial Interest Certificates in WEST).

Appears in 3 contracts

Samples: Asset Purchase Agreement (Willis Lease Finance Corp), Asset Purchase Agreement (Willis Lease Finance Corp), Asset Purchase Agreement (Willis Lease Finance Corp)

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Transfer of Initial Assets. Xxxxxx intends for the sale of each Initial Asset Interest and each Title Transfer Asset to constitute a valid transfer of such asset and the related Transferred Property to WEST and intends that after the relevant Delivery Date, Xxxxxx shall retain no right, title or interest in such asset (other than through its ownership of Beneficial Interest Certificates in WEST).

Appears in 1 contract

Samples: Asset Purchase Agreement (Willis Lease Finance Corp)

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Transfer of Initial Assets. Xxxxxx intends for the sale of each Initial Asset Interest and each Title Transfer Asset to constitute a valid transfer of such asset and the related Transferred Property to WEST and intends that after the relevant Delivery Date, Xxxxxx shall retain no right, title or interest in such asset (other than through its ownership of Beneficial Interest Certificates in WEST).. (v)

Appears in 1 contract

Samples: Asset Purchase Agreement (Willis Lease Finance Corp)

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