Transferred definition

Transferred shall have a correlative meaning.

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Transferred and “Transferring” shall have correlative meanings.

Transferred means any direct or indirect transfer, assignment, sale, gift, pledge, hypothecation or other encumbrance, or any other disposition (whether voluntary, involuntary or by operation of law) of the Assets.

Examples of Transferred in a sentence

• The obligors or agents on the Transferred Asset were or will be notified of the transfer of the Transferred Asset to the Purchaser to the extent required under the applicable underlying Credit Documents.

• Further, it is not the intention of any Seller or the Purchaser that any Conveyance be deemed a grant of a security interest in the Transferred Assets by a Seller to the Purchaser to secure a debt or other obligation of such Seller.

• With respect to each Transferred Asset sold hereunder, it sold such Transferred Asset to the Purchaser in exchange for value in accordance with the provisions of this Agreement, in an amount which constitutes fair consideration, fair market value and reasonably equivalent value.

• Each Seller intends to relinquish all rights to possess, control and monitor the Transferred Assets.

• It shall promptly remit to the Purchaser or the Purchaser’s designee any payment or any other sums relating to, or otherwise payable on account of, the Transferred Assets (other than Excluded Amounts) that it receives after the applicable Settlement Date.

More Definitions of Transferred

Transferred means the accomplishment of a Transfer, and “Transferee” means the recipient of a Transfer.

Transferred. “Transferring” and “Transferee” shall each have a correlative meaning to the term “Transfer.”

Transferred has the correlative meaning.

Transferred means, with respect to any security, the direct or indirect assignment, sale, transfer, tender, exchange, pledge or hypothecation, or the grant, creation or suffrage of a lien, security interest or encumbrance in or upon, or the gift, grant or placement in trust, or the Constructive Sale or other disposition of such security (including transfers by testamentary or intestate succession, by domestic relations order or other court order, or otherwise by operation of law) or any right, title or interest therein (including any right or power to vote to which the holder thereof may be entitled, whether such right or power is granted by proxy or otherwise), or the record or beneficial ownership thereof, the offer to make such a sale, transfer, Constructive Sale or other disposition, and each agreement, arrangement or understanding, whether or not in writing, to effect any of the foregoing.

Transferred. “Transferee” and “Transferability” shall each have a correlative meaning.

Transferred means a transfer of ownership as defined in section 27a. History: Add. 2006, Act 612, Imd. Eff. Jan. 3, 2007;⎯Am. 2014, Act 456, Imd. Eff. Jan. 2, 2015. Popular name: Act 206

Transferred means to give, sell, exchange, assign, transfer, pledge, hypothecate, bequeath, devise or otherwise dispose of or encumber, voluntarily or involuntarily, by operation of law or otherwise. When referring to a Company Unit, “Transfer” shall mean the Transfer of such Company Unit whether of record, beneficially, by participation or otherwise.