Examples of US Purchased Assets in a sentence
Buyer shall prepare and deliver to Seller for review an allocation schedule setting forth Buyer’s determination of such allocation (the “Allocation Schedule”) within sixty (60) days after the Purchase Price is finally determined pursuant to Section 3.2, which Allocation Schedule, to the extent it related to the U.S. Purchased Assets, shall be in accordance with Section 1060 of the Code.
The Purchase Price and Assumed Liabilities shall be separately allocated for Tax purposes among the Foreign Purchased Assets and the U.S. Purchased Assets as of the Effective Time.
Immediately after the Effective Time, Buyer hereby contributes, conveys, assigns, and delivers, and Intermediate Holdings hereby acquires, accepts and assumes all of Buyer’s right, title and interest in and to all of the Cayman Topco Nonvoting Stock, the US Purchased Assets, the Schedule 4.15(d) Assets and the US Assumed Liabilities.
The court interprets this provision to mean that Citibank sold, transferred, assigned, and conveyed the U.S. Purchased Assets, which included all of the outstanding EquitySecurities of CitiCapital Commercial Corporation, to GE Capital Financial Inc.
The purchase and sale of the US Purchased Assets and the UK Purchased Assets and all other transactions provided in this Agreement shall be deemed to have occurred simultaneously and shall be effective at 11:59 p.m. (Eastern Time) on the Transfer Date, or at such other date or time as the Parties may mutually agree upon in writing.