True Sale; Security Agreement. (a) Xxxxxx and WEST intend that the transfer by Xxxxxx of the Transferred Property pursuant to Section 2.01 hereof shall constitute a valid sale, transfer and conveyance by Xxxxxx of the assets so transferred, that after the relevant Delivery Date, Xxxxxx shall retain no right, title or interest in the Transferred Property and Related Assets, other than through its ownership of Beneficial Interest Certificates in WEST, and that such assets shall not be part of Xxxxxx’x estate in the event of the insolvency or bankruptcy of Xxxxxx.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Willis Lease Finance Corp), Asset Purchase Agreement (Willis Lease Finance Corp)
True Sale; Security Agreement. #4843-4322-6596v6
(a) Xxxxxx and WEST intend that the transfer by Xxxxxx of the Transferred Property pursuant to Section 2.01 hereof shall constitute a valid sale, transfer and conveyance by Xxxxxx of the assets so transferred, that after the relevant Delivery Date, Xxxxxx shall retain no right, title or interest in the Transferred Property and Related Assets, other than through its ownership of Beneficial Interest Certificates in WEST, and that such assets shall not be part of Xxxxxx’x estate in the event of the insolvency or bankruptcy of Xxxxxx.
Appears in 1 contract
Samples: Asset Purchase Agreement (Willis Lease Finance Corp)
True Sale; Security Agreement. (a) Xxxxxx and WEST XXXX intend that the transfer by Xxxxxx of the Transferred Property pursuant to Section 2.01 hereof shall constitute a valid sale, transfer and conveyance by Xxxxxx of the assets so transferred, that after the relevant Delivery Date, Xxxxxx shall retain no right, title or interest in the Transferred Property and Related Assets, other than through its ownership of Beneficial Interest Certificates in WEST, and that such assets shall not be part of Xxxxxx’x estate in the event of the insolvency or bankruptcy of Xxxxxx.
Appears in 1 contract
Samples: Asset Purchase Agreement (Willis Lease Finance Corp)
