Common use of Title to all Purchased Assets and Purchased Clause in Contracts

Title to all Purchased Assets and Purchased. Items shall pass to Buyer and Buyer shall have free and unrestricted use of all Purchased Assets. Nothing in this Agreement shall 178 USActive 60477385.9 preclude Buyer from engaging in repurchase transactions with the Purchased Assets and Purchased Items or otherwise selling, pledging, repledging, transferring, hypothecating, or rehypothecating the Purchased Assets and Purchased Items, all on terms that Buyer may determine in its sole discretion and at Buyer’s sole cost and expense; provided, however, that Buyer shall transfer the Purchased Assets and related Purchased Items to Seller on the applicable Repurchase Date free and clear of any pledge, lien, security interest, encumbrance, charge or other adverse claim on any of the Purchased Assets. Nothing contained in this Agreement shall obligate Buyer to segregate any Purchased Assets or Purchased Items transferred to Buyer by Seller.

Appears in 1 contract

Sources: Master Repurchase Agreement (Franklin BSP Real Estate Debt BDC)

Title to all Purchased Assets and Purchased. Items shall pass to Buyer and Buyer shall have free and unrestricted use of all Purchased AssetsAssets subject to Seller’s rights as expressly set forth under this Agreement. Nothing in this Agreement shall 178 USActive 60477385.9 preclude Buyer from engaging in repurchase transactions with the Purchased Assets and Purchased Items or otherwise selling, pledging, repledging, transferring, hypothecating, or rehypothecating the Purchased Assets and Purchased Items, all on terms that Buyer may determine in its sole discretion and at Buyer’s sole cost and expensediscretion; provided, however, that Buyer shall transfer the Purchased Assets and related Purchased Items to Seller on the applicable Repurchase Date free and clear of any pledge, lien, security interest, encumbrance, charge or other adverse claim on any of the Purchased Assets. Nothing contained in this Agreement shall obligate Buyer to segregate any Purchased Assets or Purchased Items transferred to Buyer by Seller.

Appears in 1 contract

Sources: Master Repurchase Agreement (BrightSpire Capital, Inc.)