Examples of TSA Assets in a sentence
To the extent any Company Property does not constitute Company Intellectual Property or TSA Assets (which are assigned or licensed to the Company pursuant to the Stock Purchase Agreement), Seller hereby assigns, and shall cause its Affiliates and its and their employees and subcontractors to assign, to Company all rights, title and interest in, to such Company Property.
Except for the Affiliate Assets and the TSA Assets, no Insider has any right in or to any of the assets and properties that are owned, used or held for use by the Company or its Affiliates with respect to the business of the Company except for the right to receive compensation for services rendered in the Ordinary Course.
Upon termination or expiration of this Agreement, Seller shall not have any further obligation with respect to any Services, or, except as expressly provided in this Agreement, any TSA Assets or Company Property, including any obligation to facilitate the Company’s or any of its Affiliates’ performance, use or maintenance of any Service or asset.
If any amount payable under or in connection with any of the TSA Assets is or shall become evidenced by any instrument, such instrument, other than checks and notes received in the ordinary course of business, shall be duly endorsed in a manner reasonably satisfactory to Funding LLC immediately upon the SRC’s receipt thereof and promptly delivered to or at the direction of Funding LLC.
SRC shall defend the right, title and interest of Funding LLC in, to and under the Transferred Receivables originated by it and the other TSA Assets, whether now existing or hereafter created, against all claims of third parties claiming through SRC.
The Transfer and Servicing Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the TSA Assets in favor of Issuer which security interest is prior to all other Adverse Claims, and is enforceable as such as against creditors of and purchasers from SRC.
SRC owns and has good and marketable title to the TSA Assets described in Section 2.1(a)(i)(D) of the Transfer and Servicing Agreement free and clear of any Adverse Claim.
Servicer shall maintain all of its rights, powers and privileges material to the collectibility or enforcement of the Transferred Receivables and the TSA Assets.
On or before each TSA Transfer Date, as appropriate, SRC shall indicate in its computer files that the TSA Assets have been sold or contributed to Funding LLC pursuant to this Agreement by so identifying such TSA Assets with an appropriate notation.
No indenture, certificate of designation for equity interests, agreement or other instrument to which it or any of its Subsidiaries is a party will prohibit or materially restrain, or have the effect of prohibiting or materially restraining, or imposing materially adverse conditions upon, the sale and assignment of TSA Assets.