Examples of Asset Transfer Agreement in a sentence
E-2, Sub 1095A, E-7, Sub 1100A and G-9, Sub 682A (DEC/DEP Regulatory Conditions), filed a request for approval of their Fuels and Related Equipment and Services Management and Supply Agreement (DECFMA), and the First Amendment to their Carolinas Operating Commodity and Related Equipment and Services Transfer Agreement (First Amendment to Asset Transfer Agreement).
The Directors are of the view that the terms under the New Asset Transfer Agreement are fair and reasonable and are in the interests of the Company and its shareholders as a whole.
If any of the above conditions is not fulfilled within 30 days from the date of the relevant Lease Back Agreement, the Company is entitled to terminate the relevant Lease Back Agreement and the relevant Asset Transfer Agreement and the Company shall not be liable for any duties and obligations to Lessee A, unless the non-fulfilment of any of the conditions is caused by the Company, in which Lessee A shall not be liable for any duties and obligations.
Instead, the Companies continued to transact on their own behalf with their respective third-party suppliers and customers, invoking the terms of the Asset Transfer Agreement only when cost savings and administrative ease presented opportunities for savings, or when there was a need for emergency assistance that could be provided by DEP to DEC, or vice versa.
The New Asset Transfer Agreement was entered into by the Company during its ordinary and usual course of business.