Examples of Asset Seller in a sentence
Sections 2.1 and 2.2 hereof shall apply to Alternative Asset Seller Notices.
As to each Designation Right Asset that is a Contract, as soon as practical after receiving further written notice(s) (each, a “ Rejection Notice”) from Purchaser during the Designation Rights Period requesting rejection of any Designation Right Asset, Seller shall, at the sole cost and expense of the Purchaser, take all actions required by the Sale Order or otherwise that are reasonably necessary to reject such contract pursuant to Section 365 of the Bankruptcy Code.
From and after the Closing, if Seller or any of its Affiliates receives or collects any funds relating to any Accounts Receivable or any other Purchased Asset, Seller or their Affiliates shall remit such funds to Buyer within five Business Days after its receipt thereof.
With respect to any Purchased Asset, within two (2) Business Days after receipt of written notice from Purchaser that a Mandatory Early Repurchase Event has occurred and is continuing with respect to a Purchased Asset, Seller shall be required to terminate the relevant Transaction and repurchase such Purchased Asset and pay to Purchaser cash in an amount equal to the Repurchase Price for such Purchased Asset.
Only a Participant that is acting as Participant B may deliver such a notice (an “ Alternative Asset Seller Notice”).