Conveyed Assets definition

Conveyed Assets shall have the meaning set forth in Section 2.01.

Conveyed Assets has the meaning provided in Section 2.01 of the Sale and Servicing Agreement.

Conveyed Assets means all property conveyed by the Transferor to the Transferee pursuant to Section 2.1(a)(1) through (11).

Examples of Conveyed Assets in a sentence

• This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the other Conveyed Assets in favor of the Grantor Trust, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Issuer.

• The Issuer makes the following representations and warranties as of the Closing Date, on which the Grantor Trust will be deemed to have relied in acquiring the Conveyed Assets.

• The representations and warranties regarding creation, perfection and priority of security interests in the Conveyed Assets, which are attached to this Agreement as Exhibit B, are true and correct.

• It is further the intention of the parties hereto that the Conveyed Assets shall not be part of the Issuer’s estate in the event of a bankruptcy or insolvency of the Issuer.

• The Issuer has obtained all necessary licenses and approvals in each jurisdiction where it does business and where the failure to do so would materially and adversely affect the ability of the Issuer to perform its obligations under the Transaction Documents or affect the enforceability or collectability of the Receivables or any other part of the Conveyed Assets.

More Definitions of Conveyed Assets

Conveyed Assets has the meaning assigned to such term in Section 2.01.

Conveyed Assets means (without duplication), all right, title and interest in and to:

Conveyed Assets. As defined in Section 2.01(a).

Conveyed Assets shall have the meaning set forth in Section 2.1(a) hereof, it being understood that the Conveyed Assets do not include the Excluded Assets.

Conveyed Assets means (a) the Transferred Assets, (b) all of the Issuer’s rights under the Sale and Servicing Agreement and (c) all proceeds of the foregoing.

Conveyed Assets has the meaning set forth in Section 2.2 of the Contribution Agreement.

Conveyed Assets means (without duplication) all right, title and interest in and to all accounts, payment intangibles and other general intangibles, chattel paper, instruments, documents, money, deposit accounts, certificates of deposit, goods, letters of credit, advices of credit and Investment Property and all other tangible and intangible property (together with all related supporting obligations and proceeds), whether consisting of, arising from or relating to and including: