Purchased Assets has the meaning set forth in Section 2.1.

Purchased Assets shall have the meaning assigned to such term in Section 2.1 of the Purchase Agreement.

Purchased Assets means all of Seller’s right, title and interest, whether now owned and existing or hereafter arising in and to all of the Receivables, the Related Security, the Collections and all proceeds of the foregoing.

Examples of Purchased Assets in a sentence

The purchase price for the Purchased Assets shall be $25,000 plus Goods and Services Tax (the “Purchase Price”).
Upon the occurrence of a Change of Control, Purchaser shall deliver notice in writing to Vendor within 20 days regarding whether or not Purchaser intends to continue using the Purchased Assets (the “Notice”).
For greater certainty, nothing herein shall be construed as a transfer, sale, grant, conveyance, assignment or setting over by the Vendor to the Purchaser of any assets not identified as Purchased Assets in the Asset Purchase Agreement, or the assumption of any obligation or liability of the Vendor by the Purchaser.
Vendor and Purchaser agree to allocate the Purchase Price among the Purchased Assets for all purposes (including tax and financial accounting) as agreed by their respective external accountants negotiating in good faith on their behalf.
If the Notice is framed in the negative, Purchaser shall thereby automatically grant Vendor the sole and exclusive option to repurchase the Purchased Assets for a period of 20 days from the date of the Notice, which Vendor may only exercise by paying an amount equal to the value of 300,000 common shares of Purchaser on the date of the Notice.

More Definitions of Purchased Assets

Purchased Assets is defined in Section 1.1.

Purchased Assets means all of the assets of the Seller used or useful in the operation of the Business, including the following assets, but specifically excluding the Excluded Assets:

Purchased Assets shall have the meaning specified in the Section 1.1.

Purchased Assets shall have the meaning set forth in Section 2.1 of this Agreement.

Purchased Assets means all of the business, assets, properties, contractual rights, goodwill, going concern value, rights and claims of the Company related to the Business on the Closing Date, wherever situated and of whatever kind and nature, real or personal, tangible or intangible, whether or not reflected on the Books and Records of the Company (other than Excluded Assets), including each of the following assets:

Purchased Assets has the meaning given that term in Section 2.01.

Purchased Assets. As defined in the Asset Purchase Agreement.