Conveyance definition
Examples of Conveyance in a sentence
The purchase price (the “Purchase Price”) for the Transferred Assets Conveyed on each Purchase Date shall be in U.S. dollars and shall be a dollar amount equal to the fair market value (as agreed upon between the Seller, the Intermediate Seller and the Purchaser, as applicable, at the time of such Conveyance) of such Transferred Assets as of such date.
Any Conveyance or reconveyance executed in accordance with the provisions hereof shall not be considered an amendment or modification to this Agreement.
In respect of each Subsequent Conveyance, the Seller has not assigned, pledged, or otherwise Conveyed or encumbered any interest in the Transferred Assets being Conveyed to any other person, which assignment, pledge, Conveyance or encumbrance remains effective as of the applicable Purchase Date.
Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the guarantee of the Notes by such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the U.S. Uniform Fraudulent Conveyance Act, the U.S. Uniform Fraudulent Transfer Act or any similar U.S. federal or state law or other applicable law to the extent applicable to any Note Guarantee.
In addition, no such Conveyance shall have been made with the intent to hinder or delay payment to or defraud any creditor of the Seller.