Examples of Transferred Asset 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 instruments.
If any Vendor requires to relocate or move any Transferred Asset to other premises due to practical needs, such relocation shall be subject to approval by Polestar with costs and expenses born by Polestar, either directly or through Volvo Cars procurement management services, and Geely shall be duly notified thereof.
With respect to each transfer of a Transferred Asset, (a) the Purchaser shall, as to each Transferred Asset, be a party to the relevant underlying instruments and have the rights and obligations of a lender thereunder, and (b) the Seller shall, to the extent provided in this Agreement, and the applicable underlying instruments, relinquish its rights and be released from its obligations, as to each Transferred Asset.
Geely has no responsibility for the premises on which the Transferred Asset is located and how such the Transferred Asset would be used, except for those Transferred Assets located on Geely’s premises (if any) for which Geely shall be responsible pursuant to applicable laws and regulations and separately agreements with Polestar.
After the Closing Date, Seller shall transfer and endorse checks or drafts that constitutes a Transferred Asset, to Purchaser promptly after receipt.