Examples of Subsequent Conveyed Assets in a sentence
In consideration of the contribution of the Subsequent Conveyed Assets contributed to the Depositor on each Funding Date, the Depositor shall pay to the Originator on such date an amount equal to the estimated fair market value of the related Subsequent Conveyed Assets on such Funding Date (the “Purchase Price”).
It is also possible to solve matrix equations of the form B A = C where the entries of B are again the unknowns.
It is the intention of the parties hereto that the transfer of the Subsequent Conveyed Assets to be made pursuant to the terms hereof shall constitute a sale or capital contribution of (x) the Contracts by the Originator to Transferor I, and (y) the ownership interest or security interest of the Originator in each item of Equipment and any Residual Receipts by the Originator to Transferor II, and, in either case, not a loan.
The transfer by the Sellers to the Trust of the Subsequent Conveyed Assets identified on each List of Subsequent Contracts shall be absolute and is intended by the Sellers and the Trust to constitute and to be treated as a sale of the Subsequent Conveyed Assets by each Seller to the Trust.
The Receivables Sale Agreement provides that each such sale, conveyance and contribution of Subsequent Conveyed Assets be evidenced by the execution and delivery of a Subsequent Receivables Sale Agreement such as this Subsequent Receivables Sale Agreement (this "Agreement").
Upon receipt of the consideration specified in subsection (c) below, the Originator hereby releases all of its right, title and interest in, to and under the Subsequent Conveyed Assets, such receipt being hereby acknowledged by the execution of this Agreement by the Originator.
The purchase price for any Subsequent Conveyed Assets will be paid by the applicable Transferor to the Originator in immediately available funds on the related Subsequent Funding Date in accordance with the terms of the related Subsequent Receivables Sale Agreement.
Pursuant to the Receivables Sale Agreement, the Originator agreed to sell, convey and contribute, and the Transferors agreed to accept, from time to time, Subsequent Conveyed Assets.
In connection with the transfers on Subsequent Funding Date, the Originator hereby makes a capital contribution to the related Transferor in the amount by which the fair market value of the Subsequent Conveyed Assets exceeds the cash consideration received by the Originator in connection therewith.
Conveyance of Subsequent Conveyed Assets..................................