Examples of Directly Transferred Assets in a sentence
Seller and its Subsidiaries have (and, as of immediately prior to the Closing, the Company will have) good and marketable title to all material personal, tangible and intangible personal property and assets of the Business (excluding the Excluded Assets (as defined in the Contribution and Assumption Agreement) and the Directly Transferred Assets), free and clear of any Liens, other than Permitted Liens.
Assignment and assumption agreements, in the forms supplied by the counterparties to the Royalty Instruments and Stream Instruments comprising the Directly Transferred Assets or, where no such forms are supplied, substantially in the form attached hereto as Schedule L, assigning each of the Directly Transferred Assets to the Buyer, together with any other related instruments required or appropriate in connection therewith.
Taking into account the rights, benefits, products or services that will be available to the Company pursuant to the Transition Services Agreement, together with the Directly Transferred Assets to be transferred to Buyer or its designee pursuant to this Agreement, the Company will, as of the Closing, possess all property, assets and rights necessary to conduct the Business as conducted by Seller and its Subsidiaries immediately prior to the Contribution in all material respects.
There are no Liens for Taxes upon any of the Contributed Assets, the Directly Transferred Assets or any other assets of the Business other than Permitted Liens.
Each Local Transfer Agreement shall serve purely to effect the legal sale and transfer of the applicable Directly Transferred Assets and not have any effect on the value being given or received by Buyer, Seller and their respective Subsidiaries, as applicable, or the terms and conditions of the Transactions.
If the applicant does not receive an acknowledgement within 60 days of the submission deadline, the applicant should contact Lydia Astorga at (202) 260–4728.Part V—Review ProcessA.
All sums payable by Buyer (or any designated Subsidiary of Buyer Parent) to Seller (or its Subsidiaries) pursuant to this Agreement as consideration for any of the Directly Transferred Assets are, unless expressly stated otherwise, payable exclusive of any applicable VAT which is properly chargeable thereon.
After the business formation documents are processed by the New Jersey Department of Treasury, Division of Revenue, the Department will issue to qualifying applicants a Certificate of Authority and forward the filed business formation documents.Additional requirements for forming/redomesticating a captive in New Jersey:1.
From and after Closing, the Buyer shall, and shall cause the Holding Entities (in respect of the Portfolio Assets relating to such Holding Entities) to assume, pay, discharge, and perform all obligations and liabilities with respect to each of the Directly Transferred Assets and the Holding Entities, except for the Employee Obligations and [Redacted- Commercial sensitive] ( the "Assumed Liabilities").
On the terms and subject to the conditions of this Agreement, at the Closing, Seller shall, or shall cause it Subsidiaries, as applicable, to sell, assign, convey, transfer and deliver to Buyer (or any designated Subsidiary of Buyer Parent), and Buyer shall accept (or cause such Subsidiary of Buyer Parent to accept), all of the right, title and interest in and to the Directly Transferred Assets, free and clear of all Liens, other than Permitted Liens (the “Direct Transfers”).