Sold Assets definition

Sold Assets has the meaning set forth in Section 2.01(b).

Sold Assets shall have the meaning specified in Section 2.01(a) of this Agreement.

Sold Assets. As set forth in Section 2.01(a)(vi) of the Sale and Contribution Agreement.

Examples of Sold Assets in a sentence

• The Seller hereby absolutely, irrevocably and unconditionally guarantees to each Purchaser, the Administrative Agent and the other Secured Parties the prompt payment of the Sold Receivables by the related Obligors and all other payment obligations included in the Sold Assets (collectively, the “Guaranteed Obligations”), in each case, in full when due, whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise (such guaranty, the “Seller Guaranty”).

• The Seller (or the Servicer on its behalf) shall identify and transfer any funds not representing Collections on Pool Receivables and other Sold Assets and Seller Collateral, deposited into any Collection Account other than an Excluded Collection Account to the appropriate Person entitled to such funds within two (2) Business Days of such deposit.

• The Seller will furnish or cause to be furnished to the Administrative Agent and each Group Agent from time to time such information with respect to the Pool Receivables and the other Sold Assets and the Seller Collateral as the Administrative Agent or any Group Agent may reasonably request.

• The Servicer represents and warrants that none of the Sold Assets or Seller Collateral constitutes Blocked Property.

• Except as otherwise provided herein, the Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (including, without limitation, the filing of any financing statement) or with respect to, any Pool Receivable, Sold Assets, or any Seller Collateral other than Permitted Liens, or assign any right to receive income in respect thereof.

More Definitions of Sold Assets

Sold Assets means (a) the Sold Receivables and Related Security, (b) any other property and assets sold and assigned to the Trust pursuant to Section 2.1(a) of the related Sale and Servicing Agreement and the related Assignments, (c) all present and future claims, demands, causes of action and choses in action in respect of any of the foregoing, and (d) all payments on or under and all proceeds in respect of any of the foregoing.

Sold Assets as set forth in Section 2.01(a)(vii) of the COLT Sale and Contribution Agreement.

Sold Assets has the meaning set forth in Section 3.1(c).

Sold Assets means, with respect to any Receivable, the other property transferred in connection with such Receivable pursuant to Section 2.1(a) of the Second Receivables Purchase Agreement.

Sold Assets is defined in Section 4.15(a).

Sold Assets. This term shall have the meaning set forth in the Contribution and Sale Agreement.

Sold Assets means any and all of the Sold Receivables and Equipment sold or contributed by the Originator to the SPV hereunder, together with the Related Security, Excluded Amounts and proceeds relating thereto.