Examples of Purchased Leases in a sentence
Seller has not selected the Purchased Leases from its portfolio of Eligible Leases using a selection procedure that would reasonably be expected to have a material adverse effect on the likelihood of collectibility of any material portion of the Purchased Leases taken as a whole.
In addition, Seller agrees to execute specific powers of attorney for particular jurisdictions or with respect to particular items of Equipment if and when requested by Buyer and to provide such other assistance as Buyer may reasonably request in connection with the titling, re-titling, registration, licensing or permitting of the Equipment leased under the Purchased Leases.
Seller represents and warrants that the following are true with respect to the Purchased Leases or the other Purchased Assets, as applicable, as of the related Purchase Date (it being understood that the representations and warranties made as of each Purchase Date only apply to the Purchased Leases or the other Purchased Assets, as applicable, purchased on such Purchase Date).
If, despite this intent, this Agreement or any Assignment is construed as an agreement for making one or more loans, then, as collateral security for the repayment of each Purchase Price and all other payment obligations of Seller under this Agreement, Seller hereby grants to Buyer a security interest in the Purchased Leases and all other Purchased Assets.
Except as otherwise specifically set forth in the Agreement, the sale of the Purchased Assets pursuant to this Assignment shall not constitute and is not intended to result in an assumption by Buyer of any obligation of Seller or any other Person, including, without limitation, any obligation arising under or in connection with the Purchased Leases or any other Purchased Assets (it being understood that Buyer shall acquire and be solely responsible for exercising the Servicing Rights).