Examples of Lease Assets Assignment in a sentence
This Lease Assets Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Sale and Contribution Agreement and is to be governed by the Sale and Contribution Agreement.
The Seller shall, at its own expense, on or prior to the Closing Date, indicate in its computer files created in connection with the Lease Assets that the Lease Assets have been sold to ACOLT pursuant to this Agreement and the Lease Assets Assignment and shall deliver to ACOLT the Lease Assets Schedule, certified by an officer of the Seller to be true, correct and complete.
No failure or delay on the part of ACOLT in exercising any power, right or remedy under this Agreement or the Lease Assets Assignment shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any other or further exercise thereof or the exercise of any other power, right or remedy.
The provisions of this Agreement and the Lease Assets Assignment are solely for the benefit of the Seller, ACOLT and the ACOLT Interested Parties, and nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in, under, or in respect of this Agreement or any covenants, conditions or provisions contained herein.
The representations and warranties of ACOLT hereunder shall be true and correct as of the Closing Date with respect to the Lease Assets, and ACOLT shall have performed all obligations to be performed by it hereunder or pursuant to the Lease Assets Assignment on or prior to the closing hereunder.
On the Closing Date, the Seller shall execute and deliver the Lease Assets Assignment to ACOLT.
The Seller shall authorize and execute, as applicable, and file such financing statements and amendments to financing statements and cause to be authorized and executed, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of ACOLT under this Agreement and the Lease Assets Assignment in the Lease Assets and the other Sold Assets, and in the proceeds thereof.
The Seller shall authorize or prepare, as applicable, and file such financing statements and amendments to financing statements and cause to be authorized or prepared, as applicable, and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of ACOLT under this Agreement and the Lease Assets Assignment in the Lease Assets and the other Sold Assets, and in the proceeds thereof.
It is the intention of the Seller and COLT that the transfer and assignment of the Sold Assets contemplated by this COLT 2005-SN1 Lease Assets Assignment shall constitute a sale of the Sold Assets from the Seller to COLT and the beneficial interest in and title to the Sold Assets shall not be part of the Seller's estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law.
The foregoing transfer and assignment of the Sold Assets contemplated by the COLT Sale and Contribution Agreement and this COLT 200_-__ Lease Assets Assignment does not constitute and is not intended to result in any assumption by COLT of any obligation of the undersigned to the Lessees, Dealers, insurers or any other Person in connection with the Series 200_-__ Lease Assets, any Supplemental Dealer Agreements, any insurance policies or any agreement or instrument relating to any of them.