Transfer and Contribution Sample Clauses
Transfer and Contribution. Upon the terms and subject to the conditions set forth in this Agreement, (i) on the Lease Closing Date, each Originator, severally and for itself, hereby absolutely assigns by way of capital contribution to its Related Lessee, and each Lessee hereby accepts such capital contribution and acquires from its Related Originator, all of such Related Originator’s right, title and interest in, to and under the Lease Closing Date Devices and the Lease Closing Date Customer Leases, including, without limitation, all Customer Receivables in connection with such Lease Closing Date Customer Leases, all rights to discontinue the leasing program for such Lease Closing Date Devices under the Lease Closing Date Customer Leases and all servicing rights with respect to such Lease Closing Date Devices and such Lease Closing Date Customer Leases and (ii) subject to Section 2.8, on each Upgrade Date occurring during the Term of a Device Lease for a Device, each relevant Originator, severally and for itself, hereby absolutely assigns by way of capital contribution to its Related Lessee, and each Lessee hereby accepts such capital contribution and acquires from its Related Originator, all of such Related Originator’s right, title and interest in, to and under the relevant Upgraded Device and related Upgraded Customer Lease, including, without limitation, all Customer Receivables in connection with such Upgraded Customer Lease, all rights to discontinue the leasing program for such Upgraded Device under the related Upgraded Customer Lease and all servicing rights with respect to such Upgraded Device and the related Upgraded Customer Lease. All Customer Receivables under the Lease Closing Date Customer Leases billed prior to the Cutoff Date shall not be transferred and shall remain the property of the Related Originator. Any Device the Upgrade Date with respect to which occurs after the end of the Term of the Device Lease for such Device shall not be transferred pursuant to this Agreement and shall remain the property of the Related Originator.
Transfer and Contribution. Upon the terms and subject to the conditions set forth in this Agreement, on the Lease Closing Date, each Originator, severally and for itself, hereby absolutely assigns by way of capital contribution to its Related Lessee, and each Lessee hereby accepts such capital contribution and acquires from its Related Originator, all of such Related Originator’s right, title and interest in, to and under the Devices identified opposite such Originator’s name on Schedule I (Devices) hereto and the Related Customer Leases, including, without limitation, all Customer Receivables in connection with such Related Customer Leases, all rights to discontinue the leasing program for such Devices under the Customer Leases and all servicing rights with respect to such Devices and the Related Customer Leases. All Customer Receivables under the Customer Leases attributable to any date prior to the Lease Closing Date shall not be transferred and shall remain the property of the Related Originator.
Transfer and Contribution. 3 SECTION 2.1 Transfer and Contribution .....................................................................................3 SECTION 2.2 Assignment and Assumption of Related Customer Lease Obligations ..............................................................................................3 SECTION 2.3 Distributions ............................................................................................4 SECTION 2.4 No Recourse ............................................................................................4 SECTION 2.5 Intention of the Parties ............................................................................4 SECTION 2.6 Like-Kind Exchanges ..............................................................................5 SECTION 2.7 Transfers of Rights in Customer Leases Upon Device Repurchase ........5 SECTION 2.8 Redistribution Upon Upgrade Termination Option Payment ..................5 SECTION 2.9 Redistribution Upon Transfer of Title of Original Device ......................5
Transfer and Contribution. Subject to all of the terms and conditions of this Agreement, the Signing Partners agree to (i) cause to be transferred, contributed and conveyed to Transferee and (ii) use their Commercially Reasonable Efforts to cause the Other Partners to cause to be transferred, contributed and conveyed to Transferee, and Transferee agrees to accept from Transferor, a good and marketable fee simple title interest in the Property, upon the terms and conditions set forth herein. As used herein, the term "
Transfer and Contribution. OF MMD ASSETS; ASSUMPTION OF CERTAIN LIABILITIES SECTION 2.01. TRANSFER OF ASSETS............................................. 8 SECTION 2.02.
Transfer and Contribution. Upon the terms and subject to the conditions set forth in this Agreement, on the Lease Closing Date, each Originator, severally and for itself, hereby absolutely assigns by way of capital contribution to its Related Lessee, and each Lessee hereby accepts such capital contribution and acquires from its Related Originator, all of such Related Originator’s right, title and interest in, to and under the Lease Closing Date Devices identified opposite such Originator’s name on Schedule I (Lease Closing Date Devices) hereto and the Related Customer Leases, including, without limitation, all Customer Receivables in connection with such Related Customer Leases, all rights to discontinue the leasing program for such Lease Closing Date Devices under the Related Customer Leases and all servicing rights with respect to such Lease Closing Date Devices and such Related Customer Leases. All Customer Receivables under the Customer Leases attributable to any date prior to the Lease Closing Date shall not be transferred and shall remain the property of the Related Originator.