Examples of Relinquished Property Agreement in a sentence
The QI hereby acknowledges that it shall have no interest in any Relinquished Property Agreement with respect to any Vehicle that is not Relinquished Property.
Each of the parties hereto agrees and acknowledges that any assignment to the QI hereunder shall not give the QI any rights under any Relinquished Property Agreement to which any Legal Entity is a party relating to the disposition of a Vehicle except the Rights in respect of a Vehicle that becomes Relinquished Property.
Each Legal Entity hereby assigns to the QI, solely in the QI’s capacity as Qualified Intermediary, such Legal Entity’s Rights, but not its obligations, under each related Relinquished Property Agreement that it enters into after the date of this Agreement, such assignment to be effective only upon such Legal Entity’s transfer of such Relinquished Property pursuant to Section 2.03 and only with respect to such Relinquished Property.
Nevertheless, pending the applicable Legal Entity’s completion of the matching procedures under this Agreement, all items of Tangible Personal Property transferred pursuant to a Relinquished Property Agreement, or acquired pursuant to a Replacement Property Agreement, shall be transferred or acquired, as the case may be, pursuant to the terms of this Agreement.
Each Legal Entity hereby assigns to the QI, solely in the QI’s capacity as Qualified Intermediary, such Legal Entity’s Rights, but not its obligations, under each related Relinquished Property Agreement that it enters into after the date of this Agreement, such assignment to be effective only upon such Legal Entity’s transfer of such Relinquished Property pursuant to Section 2.02 hereof and only with respect to such Relinquished Property.
QI accepts each assignment of an Exchanger’s Rights in each Relinquished Property Agreement and each Replacement Property Agreement solely in its capacity as qualified intermediary for such Exchanger.
Each Exchanger shall designate the Asset Class(es) of the Relinquished Property to which the Relinquished Property Agreement relates in Exhibit A of this Agreement.
Upon executing a Relinquished Property Agreement with respect to a Relinquished Property, each Exchanger shall assign its Rights thereunder to Qualified Intermediary.
In December 2011, Lertrattakarn Co., Ltd., a subsidiary (lessor), entered into an agreement and memorandum with TCC Luxury Hotels and Resorts Co., Ltd.
Each of the parties hereto agrees and acknowledges that any assignment to QI hereunder shall not give QI any rights under any Relinquished Property Agreement to which any Exchanger is a party relating to the disposition of Assets except the Rights in respect of an Asset that becomes Relinquished Property.