Examples of Bill xx Sale in a sentence
The sale, transfer, assignment and conveyance of the Purchased Assets shall be made by the execution and delivery at Closing of (i) an Assignment and Assumption Agreement substantially in the form attached hereto as Schedule 2.1(a) (the "Assignment"), and (ii) a bill xx sale substantially in the form attached hereto as Schedule 2.1(b) (the "Bill xx Sale"), and (iii) such other recordable instruments of assignment, transfer and conveyance as Purchaser shall reasonably request.
Seller has duly executed and delivered this Bill xx Sale as of the day and year first above written.
However, in the event that notwithstanding the intention of the parties, such transfer is deemed to be a transfer for security, then Seller hereby grants to the Owner Trustee for the benefit of the Trust a first priority security interest in and to all Student Loans described in the Bill xx Sale and Student Loan Transmittal Summary Form to secure a loan in an amount equal to the Purchase Price of such loans.
The Deed, Title Policy (or the Title Commitment marked-up and initialed by the Title Company), Bill xx Sale, Certificate of Non-Foreign Status, Closing Certificate and Lease, each duly executed and acknowledged by Seller and, as appropriate, in recordable form acceptable in the state and county in which the Property is located.
The parties hereto intend that the transfer of Student Loans described in the Bill xx Sale and Student Loan Transmittal Summary Form be, and be construed as, a valid sale of such Student Loans from Seller to the Owner Trustee for the benefit of the Trust.