Examples of Closing Date Collateral Loans in a sentence
It is the intention of the parties hereto that the conveyance of all right, title and interest in, to and under the Collateral (including, without limitation, the Closing Date Collateral Loans) to the Buyer as provided in this Article II shall constitute an absolute sale, conveyance and transfer conveying good title, free and clear of any Lien and that the Collateral shall not be part of the Seller’s bankruptcy estate in the event of an Event of Bankruptcy with respect to the Seller.
Until the end of the Assignment Period, (x) the Borrower shall not purchase any debt obligation unless the Borrower purchases an assignment of such debt obligation, such that such debt obligation is owned and held by the Borrower as a lender of record, and (y) other than with respect to the Closing Date Collateral Loans, the Borrower shall not purchase any Participation Interests.