German Assets definition
Examples of German Assets in a sentence
All Liens created under the Loan Documents on the Interoute German Assets subject to a Directed Divestment shall be automatically released immediately prior to the consummation of such Directed Divestment.
All Liens created under the Loan Documents on the Target German Assets subject to a Directed Divestment shall be automatically released immediately prior to the consummation of such Directed Investment.
At the same time, the benefits and burdens (Nutzungen und Lasten) of the German Assets shall accrue to German Transferee.
Except as set forth in the foregoing proviso, all sales, use, transfer, stamp, conveyance, value added or other similar taxes, duties, excises or governmental charges imposed by any taxing jurisdiction, domestic or foreign, and all recording or filing fees, notarial fees and other similar costs with respect to the Transfer of the Shares, the US Assets, the UK Assets and the German Assets will be borne by the Purchaser.
The risk of incidental loss (zufälliger Untergang) and incidental deterioration (zufällige Verschlechterung) of the German Assets passes from PKI Germany to German Transferee concurrently with the transfer of the respective right, interest or title to the respective German Asset to German Transferee.