Examples of Excluded Assets Assignment in a sentence
Seller shall cause the Companies to execute and deliver to Seller or its designee, as assignee, an Excluded Assets Assignment at any time prior to Closing causing such Companies to assign the Excluded Assets to Seller or its designee effective as of immediately prior to the Closing.
Additionally, at or prior to the Closing, Seller shall cause the applicable Companies to execute and deliver an Excluded Assets Assignment as contemplated in Section 1.3.
The Partnership acknowledges and confirms that, at or prior to the Closing Date, ETG transferred its right, title and interest in the Excluded Assets pursuant to the Excluded Assets Assignment and that no Excluded Asset constitutes and ETG Asset.
Seller shall cause the Company to execute and deliver to Seller or its designee, as assignee, an Excluded Assets Assignment at any time prior to Closing causing the Company to assign the Excluded Assets to Seller or its designee effective as of immediately prior to the Closing.
Additionally, at or prior to the Closing, Seller shall cause the Company to execute and deliver an Excluded Assets Assignment as contemplated in Section 1.3.
Purchaser shall bear and pay fifty percent (50%) of, and Sellers shall bear and pay fifty percent (50%) of, any sales, use, transfer, stamp, documentary, registration, excise or similar Taxes incurred or imposed with respect to the transactions described in this Agreement (“Transfer Taxes”); provided, however, that Seller shall bear all of the Transfer Taxes (if any) associated with the assignment of any Excluded Assets pursuant to the Excluded Assets Assignment.
Except as set forth on Section 3.8 of the Disclosure Schedule, other than the Holdback Contract and the vehicles to be acquired by Buyer or its Affiliates as contemplated by Section 1.2(b)(xv), the Tangible Assets constitute all the material tangible personal properties and assets necessary for the current operation of the Business, after giving effect to the transactions contemplated by the Separation Agreement, the Excluded Assets Assignment Agreement and the Restructuring Transactions.
The Company Group has no material Liability of a type required to be reflected on a balance sheet pursuant to GAAP, except for Liabilities (a) reflected on the face of the Latest Balance Sheet; (b) incurred in connection with the execution of this Agreement, the Separation Agreement or the Excluded Assets Assignment Agreement; or (c) of the type reflected on the face of the Latest Balance Sheet which have arisen since the date of the Latest Balance Sheet in the Ordinary Course of Business.
Management Services Agreement, by and between Xxxxxxxx Energy Partners III, LLC and Fortis Administrative Services, LLC, dated as of July 1, 2016.] This Excluded Assets Assignment (this “Assignment”) is entered into as of [ ], 2019, but is effective for all purposes as of January 1, 2019 (the “Effective Time”), by and among [ ], a [ ] (“Assignor”) and [ ], a [ ] (“Assignee” and together with Assignor, each a “Party” and, collectively, the “Parties”).
Except as expressly contemplated by this Agreement, the Separation Agreement, the Excluded Assets Assignment Agreement or the Restructuring Transactions, since the date of the Latest Balance Sheet, the Company Group has conducted the Business in the Ordinary Course of Business and there has not occurred any event or development that, individually or in the aggregate, has had or would reasonably be expected to have a Material Adverse Effect on the Company Group.