Transferred Rights definition

Transferred Rights means the rights and benefits transferred to the Trustee in Clause 4(B);

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Transferred Rights means (i) all of Seller’s rights in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the Loans, including without limitation any Guaranty (excluding, however, the Retained Interest, if any) and (ii) to the extent relating to the rights set forth in the preceding clause (i) and permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of Seller in its capacity as a Lender against any Entity, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity.

Transferred Rights shall have the meaning given to such term in the Participation Agreement.

Examples of Transferred Rights in a sentence

• F.1. Voting” select one: ☒ Buyer shall have voting rights with respect to the Transferred Rights, subject to Section 11.1(a) of the Standard Terms.

• Seller represents and warrants that, upon the disbursement of funds hereunder, Seller shall be the absolute owner of the Transferred Rights and the Transferred Rights will not be subject to any Encumbrance (other than the precautionary lien granted by the Seller to the Depositor pursuant to the Sale Agreement).

• It is the express intent of the Parties that, as of the Settlement Date, the Seller shall have sold to the Buyer, and the Buyer shall be the absolute owner of, the applicable Transferred Rights.

• Seller hereby agrees: (i) not to consent to or otherwise cause Seller to wind-up, liquidate or dissolve at any time prior to the termination of this Agreement in accordance with its terms; and (ii) to manage Seller’s rights related to record ownership of the Loans and the Transferred Rights for the benefit of Buyer in a manner consistent with that of similarly situated institutional asset managers providing similar management services, applicable law, this Agreement and any Credit Agreement.

• E.3. Section 10.1 Right of Buyer to sell subparticipations: ☒ Buyer may sell subparticipations in respect of the Transferred Rights without Seller’s prior consent.

More Definitions of Transferred Rights

Transferred Rights means an undivided 100% interest in Seller’s and Original Holder’s right to and title and interest in:

Transferred Rights means (i) all of Seller’s rights in its capacity as a Lender under each Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the Loans and Commitments (if any), including without limitation any letters of credit, Guaranties, and swingline loans included in the Loans (excluding, however, the Retained Interest, if any) and (ii) to the extent relating to the rights set forth in the preceding clause (i) and permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of Seller in its capacity as a Lender against any Entity, whether known or unknown, arising under or in connection with such Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity.

Transferred Rights means: all of the Existing Trustee’s rights, title and interest in, to and under the GATS Trust Instrument, but excluding the Trustee Interest and excluding the Retained Rights of the Existing Trustee; and all of the Existing Trust Company’s rights, title and interest in, to and under the GATS Trust Instrument, but excluding the Retained Rights of the Trust Company.

Transferred Rights has the meaning given thereto in the Trust Deed;

Transferred Rights means, with respect to each Seller, any and all of such Seller’s right, title, and interest in, to and under the aggregate principal amount of Interim Loans set forth opposite such Seller’s name in Schedule A and, to the extent related thereto, the following:

Transferred Rights means any and all of Seller’s right, title and interest in, to and under the Senior Loans (including any commitment to make Advances) and, to the extent related thereto, the following:

Transferred Rights generally means all of lender’s rights in its capacity as a lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the Facility, including without limitation any guarantees (but excluding amounts accruing prior to the date of the participation agreement other than any paid-in-kind amount).