Contributed Assets definition
Examples of Contributed Assets in a sentence
The actual amounts of Initial Contributed Assets and Initial Purchased Assets for such US Originator will then be adjusted accordingly.
Upon the request of Buyer or the Administrative Agent, each of the US Originators, and each of Smithfield and SFFC, will execute and file such financing or continuation statements, or amendments thereto or assignments thereof, and such other instruments or notices, as may be necessary or appropriate to perfect and maintain the perfection of Buyer’s ownership interest in the Aggregate Initial Contributed Assets to the extent that any such assets remain in existence on the applicable Commencement Date.
Immediately prior to Xxxxxxxxxx’s and SFFC’s contribution of the Aggregate Initial Contributed Assets to SFFC’s and Buyer’s capital, respectively, Smithfield or SFFC, as applicable, will be the legal and beneficial owner of the Aggregate Initial Contributed Assets, free and clear of any Adverse Claim, except as created by the Transaction Documents and the Monetization Documents.
As of the Effective Date, it owns its respective right, title and interest in and to the Contributed Assets free and clear of all Encumbrances, other than Permitted Encumbrances.
The Closing will occur notwithstanding the foregoing and, following the Closing, the Party holding the Contributed Asset shall hold the asset as bare trustee in favor of the Company until such time that the consent, authorization, approval, waiver, release, substitution or amendment is obtained and the Company shall reimburse the Party holding the Contributed Assets for its holding costs.