Assets to be Sold definition
Examples of Assets to be Sold in a sentence
The sale of the Assets to be Sold shall not violate any applicable statute, rule or regulation in effect on the Closing Date.
The December 30, 2000 statement of net assets to be sold (the "December 30, 2000 Statement of Net Assets to be Sold") has been audited and was delivered together with a report of E&Y thereon.
Purchaser will execute and deliver to Seller any documents reasonably necessary to reassign and transfer any other Assets to be Sold to Seller.
Purchaser also may terminate this Agreement and require Seller to repurchase from it all Assets to be Sold if forty-five (45) days after the Closing Date Seller shall have failed to provide to Purchaser all information required by Purchaser under this Agreement to determine the Preliminary Purchase Price, or if after the Closing Date and prior to payment of the Preliminary Purchase Price by Purchaser, Seller shall have breached any covenant to be performed by it under this Agreement.
To the extent that property management services are required with respect to any Assets to be Sold and/or any Three Party Assets (including any allocated property that is converted to a Three Party Asset in accordance with Section 2.02(d)), such services will be provided by Urban Retail.
All of the property and assets to be transferred to Buyer hereunder are herein referred to collectively as the "Assets" or "Assets to be Sold".
There are no leases, contracts or other agreements that are material to the Assets to be Sold that would affect the purchase or operation thereof by the Purchaser.
Seller shall be responsible for all filing costs and fees necessary to terminate any security interest in the Assets to be Sold prior to transfer.
With respect to any unfunded retirement plan which is a Foreign Plan for which GAAP or applicable Law requires that reserves be recorded on a statement of financial position, reserves have been recorded on the December 30, 2000 Statement of Net Assets to be Sold in a manner which is consistent with GAAP and applicable Law.
Seller has full corporate power and authority to enter into and perform this Agreement and to effect the transactions contemplated hereby and to sell the Assets to be Sold to Purchaser.