Seller Property means, collectively, the Initial Seller Property and the Subsequent Seller Property.
Seller Property means any real or personal property, plant, building, facility, structure, equipment or unit, or other asset owned, leased or operated by any Seller or Option Party and used primarily in the Business.
Seller Property shall have the meaning given such term in Section 4.25.
Examples of Seller Property in a sentence
No proceeds of any sale of Seller Property will be used (i) for a purpose that violates, or would be inconsistent with, Regulation T, U or X promulgated by the Board of Governors of the Federal Reserve System from time to time or (ii) to acquire any security in any transaction which is subject to Section 12, 13 or 14 of the Securities Exchange Act of 1934, as amended.
The amount of consideration being received by the Seller upon the sale of the Seller Property to the Trust constitutes reasonably equivalent value and fair consideration for the Seller Property.
The Agreement creates a valid and continuing security interest (as defined in UCC Section 9-102) in the Seller Property in favor of the Trust, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from and assignees of the Seller.
Other than the security interest granted to the Issuer pursuant to this Agreement, the Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Seller Property.
The Seller is not selling the Seller Property to the Trust, as provided in the Basic Documents, with any intent to hinder, deal or defraud any of Credit Acceptance’s creditors.
More Definitions of Seller Property
Seller Property in this regard means: (a) Intellectual Property incorporated into any Supplies and Services under the Contract; (b) Intellectual Property conceived, produced or developed by the Seller, whether directly or indirectly or alone or jointly with others, in connection with or pursuant to the Supplies and Services; and (c) creations and inventions that are otherwise made by the Seller through the use of the Seller’s or its Affiliated Companies’ equipment, funds, supplies, facilities, materials and/or Proprietary Information.
Seller Property shall have the meaning ascribed to such term in Section 5.7 of this Agreement.
Seller Property means real estate currently owned, leased, or otherwise used by Seller, or in which Seller has an investment or security interest by mortgage, deed of trust, sale and lease-back or otherwise, including without limitation, properties under foreclosure and properties held by Seller in its capacity as a trustee or otherwise. For purposes of this Agreement, the term "Environmental Laws" shall mean all applicable statutes, regulations, rules, ordinances, codes, licenses, permits, orders, approvals, plans, authorizations, concessions, franchises, and similar items of all Governmental Entities and all applicable judicial, administrative, and regulatory decrees, judgments, and orders relating to the protection of human health or the environment, including, without limitation: all requirements, including, but not limited to those pertaining to reporting, licensing, permitting, investigation, and remediation of emissions, discharges, releases, or threatened releases of Hazardous Materials, chemical substances, pollutants, contaminants, or hazardous or toxic substances, materials or wastes whether solid, liquid, or gaseous in nature, into the air, surface water, groundwater, or land, or relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport, or handling of chemical substances, pollutants, contaminates, or hazardous or toxic substances, materials, or wastes, whether solid, liquid, or gaseous in nature and all requirements pertaining to the protection of the health and safety of employees or the public. "Tank" shall mean treatment or storage Tanks, sumps, or water, gas or oil wells and associated piping transportation devices. "Hazardous Materxxxx" shall mean any substance the presence of which requires investigation
Seller Property any real property and improvements thereon leased, operated or occupied by Seller.
Seller Property shall have the meaning specified in Section 5.20(a).
Seller Property consists of and includes:
(i) All of Seller’s working interests, net revenue interests, fee interests, leasehold interest, royalty, overriding royalty, production payments, interests in drilling and spacing units, other non-working interests, and other oil, gas and mineral interests in and to the lands and oil and gas leases described in Exhibit “A” attached hereto (the “Leases”) and the lands covered thereby (the “Lands”), whether or not such Lands and Leases are correctly or fully described on Exhibit “A” (the “Subject Interests”);
(ii) Any other rights that may arise by operation of law or otherwise or as associated with the Subject Interests;
(iii) All improvements, fixtures, personal property and related accessories located on the Land, including, but not limited to xxxxx, equipment, tanks, gathering lines, pipelines, water lines, pumps, and all other property or related accessories, if any, that are attached to or located on the Land, to the extent attributable to the Subject Interests, including without limitation those set forth on Exhibit “B”;
(iv) The oil, gas, casinghead gas, coalbed methane, condensate and other gaseous and liquid hydrocarbons or any combination thereof, sulphur extracted from hydrocarbons and all other substances that may be produced, saved and sold under the Leases (“Hydrocarbons”) to the extent attributable to the Subject Interests;
(v) The unitization and pooling agreements, declarations, orders, and the units created thereby relating to the properties and interests described in Subsection 1.4(a) and to the production of Hydrocarbons attributable to the Subject Interests;
(vi) Concurrent rights with Seller in all surface leases, permits, rights-of-way, licenses, easements and other surface and/or water rights agreements used or held in connection with the exploration, development, production, and transportation of Hydrocarbons or produced water from the Seller Property, provided that Seller’s concurrent rights under said surface contracts are assignable and/or transferrable;
(vii) All existing and effective operating agreements, exploration agreements, development agreements, farmout agreements, and similar agreements (the “Contracts”), insofar as they directly relate to the Subject Interests, including without limitation those set forth on Schedule 2.8;
(viii) All licenses and all geophysical and seismic data to the extent attributable to the Subject Interests, provided that any such permits, licenses, and agreements are a...
Seller Property has the meaning set forth in §3.10(b).