Purchased Assets definition

Purchased Assets has the meaning set forth in Section 2.01.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Purchased Assets has the meaning set forth in Section 2.1 of the Purchase Agreement.

Purchased Assets has the meaning set forth in Section 1.1.

Examples of Purchased Assets in a sentence

The Sponsor has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Sponsor to perform its obligations under the Transaction Documents or affect the enforceability or collectability of the Receivables or any other part of the Purchased Assets.
Such representations and warranties will survive the conveyance of the Purchased Assets to the Purchaser pursuant to this Agreement, the conveyance of the Purchased Assets to the Issuer under the Sale Agreement, and the Grant of the Purchased Assets and other collateral by the Issuer to the Indenture Trustee pursuant to the Indenture.
This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the other Purchased Assets in favor of the Purchaser, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Sponsor.
The sales and transfers by the Sponsor of the Receivables and other Purchased Assets hereunder are and shall be without recourse to, and without representation or warranty (express or implied) by, the Sponsor, except as otherwise specifically provided herein.
The purchase price for the sale of the Purchased Assets sold to the Purchaser on the Closing Date shall equal the estimated fair market value of the Purchased Assets.

More Definitions of Purchased Assets

Purchased Assets shall have the meaning specified in Subsection 2.01(a).

Purchased Assets shall have the meaning given to such term in Section 2.1.

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.

Purchased Assets is defined in Section 2.1.

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

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 means all of Seller's property and assets, whether real, personal or mixed, tangible and intangible, of every kind and description, wherever located, including without limitation those items identified on Schedule 1B, but excluding the Excluded Assets.