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

• Each party agrees that any claim that it may seek to enforce against the Depositor or the Issuer under this Agreement is limited to the Sold Property only and is not a claim against the Depositor's or the Issuer's assets as a whole or against assets other than the Sold Property.

• The Sold Property is "chattel paper," "instruments" or "general intangibles" within the meaning of the applicable UCC.

• The Depositor has caused, or will cause within ten days after the Closing Date, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law to perfect the security interest Granted in the Sold Property to the Issuer under this Agreement.

• Immediately before the sale and assignment under this Agreement, the Depositor owns and has good and marketable title to the Sold Property free and clear of all Liens, other than Permitted Liens.

• 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 will file financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices necessary to perfect the Issuer's interest in the Sold Property.

• The Depositor and the Issuer intend that the Sold Property not be a part of the Depositor's estate if there is a bankruptcy or insolvency of the Depositor.

• The Depositor has received all consents and approvals required by the terms of the Sold Property to Grant to the Issuer its right, title and interest in the Sold Property, except to the extent the requirement for consent or approval is made ineffective under the applicable UCC.

• This Agreement evidences a valid sale and assignment of the Sold Property from the Depositor to the Issuer, enforceable against creditors of and purchasers from the Depositor.

• The Depositor and the Issuer intend that the sale and assignment under this Agreement be an absolute sale and assignment of the Sold Property, conveying good title to the Sold Property free and clear of any Lien, other than Permitted Liens, from the Depositor to the Issuer.

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.