Examples of Schedule II Assets in a sentence
The Board shall have the authority to appoint asset servicers with respect to the Schedule I Assets and Schedule II Assets (collectively, the “Servicers”) to manage the Portfolio Assets that with respect to the Schedule I Assets shall, unless otherwise agreed by the Board, be selected from the list of servicers set forth on Annex 2 as eligible to service the types of assets set forth opposite such asset servicers’ names on Annex 2, and the number of Servicers shall be set forth on Annex 2.
The Seller Member will have the right to purchase Schedule II Assets and certain other Portfolio Assets on the terms and subject to the conditions set forth in paragraph 7 of Annex 3.
As of the Effective Date, and subject to the terms of that certain Transition Services Agreement – Portfolio Assets dated as of July 31, 2012, among Seller Member, the Company and Branch Banking and Trust Company, a North Carolina-chartered commercial bank the Servicer of the Schedule I Assets shall be the Purchaser Member and the Servicer of the Schedule II Assets shall be the Seller Member.
The Schedule II Assets shall not include any of the assets, rights and properties of Mueller Plastics identified on Schedule II as excluded assets (the “Schedule II Excluded Assets”), all of which shall be retained by Mueller Plastics.
Seller shall also cause Newco to assume all liabilities set forth on Schedule I and Schedule II to the Form of LLC Agreement and all other liabilities relating to the Schedule I Assets and the Schedule II Assets (the “Schedules I and II Liabilities”).
Xxxxxxx Plastics shall deliver, or make available for delivery, to the Buyer the Schedule II Assets as provided in the Equipment Lease Agreement.
All ad valorem Taxes (i) on the Schedule I Assets and the Schedule II Closing Assets levied in 2013 shall be apportioned between the Buyer and Seller based on the number of days each party owns such assets in such year and (ii) on the Schedule II Assets levied in the year in which the Deferred Closing Date occurs shall be apportioned between the Buyer and Seller based on the number of days each party owns such assets in such year.
Prior to the issuance of the Units, as described in the Form of LLC Agreement, Seller shall cause Bank to organize Newco and contribute to Newco the Schedule I Assets, Schedule II Assets and Schedules I and II Records.
The Schedule II Assets shall not include any of the assets, rights and properties of Xxxxxxx Plastics identified on Schedule II as excluded assets (the “Schedule II Excluded Assets”), all of which shall be retained by Xxxxxxx Plastics.
As of the Effective Date, the Servicer of the Schedule I Assets shall be [—] and the Servicer of the Schedule II Assets shall be the Seller Member.