Conveyance definition
Examples of Conveyance in a sentence
In respect of each Initial Conveyance, the Intermediate Seller, as of the applicable date of any Conveyance thereunder, has not assigned, pledged, or otherwise Conveyed or encumbered any interest in each Transferred Asset to any other person, which assignment, pledge, Conveyance or encumbrance remains effective as of the applicable Purchase Date.
The purchase price (the “Purchase Price”) for the Transferred Assets Conveyed on each Purchase Date shall be in U.S. dollars and shall be a dollar amount equal to the fair market value (as agreed upon between the Seller, the Intermediate Seller and the Purchaser, as applicable, at the time of such Conveyance) of such Transferred Assets as of such date.
In respect of each Initial Conveyance, the Seller, as of the applicable date of any Conveyance thereunder, has not assigned, pledged, or otherwise Conveyed or encumbered any interest in each Transferred Asset to any other person, which assignment, pledge, Conveyance or encumbrance remains effective as of the applicable Purchase Date.
Any Conveyance or reconveyance executed in accordance with the provisions hereof shall not be considered an amendment or modification to this Agreement.
In addition, no such Conveyance shall have been made with the intent to hinder or delay payment to or defraud any creditor of the Seller.