Transferred Assets definition

Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

Transferred Assets has the meaning set forth in Section 2.1.

Transferred Assets shall have the meaning assigned to such term in Section 2.01.

Examples of Transferred Assets in a sentence

• This Agreement constitutes a valid transfer to the Buyer of all right, title and interest of the Seller in, to and under such Transferred Assets, free and clear of any Lien of any Person claiming through or under the Seller or its Affiliates, except for Permitted Liens.

• Furthermore, it is not intended that such conveyance be deemed a pledge of the Collateral Obligations and the other Transferred Assets to the Buyer to secure a debt or other obligation of the Seller.

• In such event, the cash portion of the Purchase Price payable with respect to such Transferred Assets shall be reduced by that portion of the Purchase Price of the Transferred Assets that was so contributed; provided that Transferred Assets contributed to the Buyer as capital shall constitute Transferred Assets for all purposes of this Agreement.

• The representations and warranties of Seller with respect to the Transferred Assets do not address the creditworthiness of the Underlying Obligor on such Transferred Assets or the risk of default or declines in credit quality with respect to such Transferred Assets after the related Purchase Date or Funding Date, as applicable.

• The Seller shall take such action reasonably requested by the Buyer or the Bank, from time to time hereafter, that may be necessary or appropriate to ensure that the Buyer has an enforceable ownership interest and its assigns under the Credit Agreement have an enforceable and perfected security interest in the Transferred Assets Purchased by the Buyer as contemplated by this Agreement.

More Definitions of Transferred Assets

Transferred Assets means (a) the Purchased Assets, (b) all of the Seller’s rights under the Purchase Agreement, including the rights to enforce the repurchase obligations of Santander Consumer for breaches of the representations and warranties of Santander Consumer set forth in Schedule II to the Purchase Agreement and (c) all proceeds of the foregoing.

Transferred Assets means all of Seller’s right, title and interest in and to any and all assets that are owned, held or used by Seller in connection with the Business and that are not Retained Assets. In furtherance and not in limitation of the foregoing, the Transferred Assets shall include the following:

Transferred Assets has the meaning assigned to such term in Section 6.03(i).

Transferred Assets. As defined in Section 2(a).

Transferred Assets shall have the meaning set forth in the definition of Permitted Receivables Financing.

Transferred Assets shall have the meaning specified in Section 2.1 of the Transfer Agreement.

Transferred Assets means the Company Assets which the WFOE has the right to require the Company to transfer to it or its designated entity or individual in accordance with Article 3 hereof when the WFOE exercises its Asset Purchase Option, the quantity of which may be all or part of the Company Assets and the details of which shall be determined by the WFOE at its sole discretion in accordance with the then-effective PRC Law and based on its commercial consideration.