Asset definition
Examples of Asset in a sentence
The obligors or agents on the Transferred Asset were or will be notified of the transfer of the Transferred Asset to the Purchaser to the extent required under the applicable underlying Credit Documents.
With respect to each Transferred Asset sold hereunder, it sold such Transferred Asset to the Purchaser in exchange for value in accordance with the provisions of this Agreement, in an amount which constitutes fair consideration, fair market value and reasonably equivalent value.
With respect to each transfer of a Transferred Asset on any Settlement Date, (i) the Purchaser shall, as to each Transferred Asset, be a party to the relevant underlying Credit Documents and have the rights and obligations of a lender thereunder, and (ii) each Seller shall, to the extent provided in this Agreement, and the applicable underlying Credit Documents, relinquish its rights and be released from its obligations, as to each Transferred Asset.
Except with respect to the representations, warranties and covenants expressly stated in this Agreement, each Seller assigns each Transferred Asset “as is,” and makes no covenants, representations or warranties regarding the Transferred Assets.
The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement.