Sold Property definition

Sold Property means (a) the Purchased Property, (b) the Depositor’s rights under the Receivables Purchase Agreement, (c) all present and future claims, demands, causes of action and choses in action relating to any of the property described above and (d) all payments on or under and all proceeds of the property described above.

Sold Property has the meaning set forth in Section 7.3(b) of the Agreement.

Sold Property is defined in Section 2.1.

Examples of Sold Property in a sentence

• In consideration of the Issuer's delivery to the Depositor of the Notes, the Depositor sells and assigns to the Issuer, without recourse (other than the Depositor's obligations under this Agreement), all of the Depositor's right, title and interest, whether now owned or later acquired, in the Sold Property.

• If the Pool Balance is equal to or less than [10]% of the Initial Pool Balance on the last day of any Collection Period, the Servicer has the option to purchase the Sold Property (other than the amounts in or invested in Permitted Investments maturing on or before the following Payment Date in the Bank Accounts) on the related Payment Date.

• The Depositor will pay all taxes levied or assessed on the Issuer or the Sold Property.

• For Receivables that are "electronic chattel paper," the Depositor has "control" of the sole "authoritative copy" (each within the meaning of the applicable UCC) of each such Receivable and has not communicated an authoritative copy of any such Receivable that constitutes or evidences part of the Sold Property to any Person other than the Issuer.

• When the purchase price for the Sold Property is included in Available Funds for the Payment Date, the Issuer will be deemed to have sold and assigned to the Servicer as of the last day of the prior Collection Period all of the Issuer's right, title and interest in and to the Sold Property, including the Receivables and all security and documents relating to the Receivables.

• The Depositor authorizes the Issuer and the Indenture Trustee to file financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices as the Issuer or the Indenture Trustee may determine are necessary or advisable to perfect the Issuer's interest in the Sold Property.

• This sale and assignment does not, and is not intended to, include any obligation of the Depositor or Ford Credit to the Obligors, the Dealers or any other Person relating to the Receivables and the other Sold Property, and the Issuer does not assume any of these obligations.

• Except for the sale and assignment under this Agreement, the Depositor will not sell or assign any Sold Property to another Person or Grant or allow a Lien on an interest in any Sold Property.

• For Receivables that are "tangible chattel paper," the Depositor has in its possession, directly or through their agents, all original copies of the Receivable that constitute or evidence part of the Sold Property, and these Receivables do not have any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Issuer.

• The Depositor will defend the Issuer's interest in the Sold Property against claims of third parties claiming through the Depositor.

More Definitions of Sold Property

Sold Property means all of the Applicable Parties’ interest in the following for each single parcel of Sold Land:

Sold Property means a property that is sold in a specific month/period and where all the suspensive conditions, including the granting of a loan to the purchaser, have been fulfilled.

Sold Property means any real property owned, leased or managed by the HI Entities or that is otherwise part of the Business at the date hereof, that on or prior to December 31, 2005 has been disposed of, or the rights associated with which have been disposed of, by the relevant HI Entity provided that, in each case, completion of such disposal has occurred.

Sold Property means any real property that is Owned Real Property as of the date of this Agreement (including the SLB Properties) and that ceases to be Owned Real Property prior to the Closing.

Sold Property means the personal property that will be sold by each of the Property Partnerships and identified more specifically on a schedule to be attached to the Contribution Agreement to be entered into by each such Property Partnership.