Initial Conveyed Assets definition

Initial Conveyed Assets has the meaning specified in Section 2.1.
Initial Conveyed Assets has the meaning set forth in Section 2.1 of the Contribution Agreement.
Initial Conveyed Assets means, with respect to the Receivables Transfer Agreement (a) all of the Sellers' right, title and interest in and to the Original Equipment, (except for any licensed products that may accompany the Original Equipment) and any new unit or units of Equipment substituted for any existing unit or units of Original Equipment, including all income and proceeds upon any sale or other disposition of the Original Equipment, (b) all of the Sellers' right, title and interest in and to, but not its obligations under, the Initial Contracts and all amendments, additions and supplements including schedules, summary schedules and subschedules made or hereafter made with respect thereto, (c) all monies due or to become due in payment of the Initial Contracts on or after the Initial Cut-Off Date, including without limitation, all Scheduled Payments thereunder (whether or not due), any Prepayments, any payments in respect of a casualty or early termination and any Liquidation Proceeds received with respect thereto, but excluding any Excluded Amounts, (d) the Contract Files, (e) all Insurance Proceeds relating to the foregoing and the Sellers' rights and interests in the Insurance Policies relating to the foregoing, (f) all Source Agreements and Source Agreement Rights to the extent they relate to any Initial Contract and any Original Equipment covered by the Initial Contracts and (g) all proceeds and income of the foregoing or relating thereto.

Examples of Initial Conveyed Assets in a sentence

  • Upon receipt of the consideration specified below, each of the Investors hereby release all of its right, title and interest in, to and under the Initial Conveyed Assets, such receipt being hereby acknowledged by execution of this Agreement by each Investor.

  • In consideration of the contribution of the Initial Conveyed Assets contributed to the Depositor on the Closing Date, the Depositor shall issue membership interests in the Depositor to the Originator representing 100% of the equity interest in the Depositor, such interest to represent the estimated fair market value of the Initial Conveyed Assets on the Closing Date.

  • Notwithstanding the preceding sentence, if such purchase price for the Initial Conveyed Assets exceeds the amount of cash available to the Depositor from the proceeds of the sale of the Notes, then an undivided interest in such Initial Conveyed Assets in an amount equal to such excess shall be deemed to have been contributed to the Depositor by the Originator.

  • Upon receipt of the consideration specified in subsection (d) below, the Originator hereby releases all of its right, title and interest in, to and under the related Initial Conveyed Assets, such receipt being hereby acknowledged by the execution of this Agreement by the Originator.

  • Conveyance of Initial Conveyed Assets.....................................

  • Such representations, warranties and covenants are made or deemed to be made, (x) with respect to the Initial Conveyed Assets, as of the Cut-Off Date, (y) with respect to the Subsequent Conveyed Assets, as of the Subsequent Cut-Off Date, and (z) with respect to the Substitute Conveyed Assets, as of the related Transfer Date.

  • Notwithstanding anything to the contrary herein, the parties hereto do not consent to any assignment of any assets by Bravo other than the assignment on the date hereof of the Initial Conveyed Assets (as defined in the Receivables Transfer Agreement).


More Definitions of Initial Conveyed Assets

Initial Conveyed Assets means, with respect to the Receivables Transfer Agreement, (a) all of the related Transferor's right, title and interest in and to (i) the Equipment related to the Initial Contracts, (except for any licensed products that may accompany such Equipment) and any new unit or units of Equipment substituted for any existing unit or units of such Equipment, and (ii) all other Collateral securing the Initial Contracts, including all income and proceeds upon any sale or other disposition of the related Equipment or such other Collateral, (b) all of the related Transferor's right, title and interest in and to, but not its obligations under, the Initial Contracts and all amendments, additions and supplements including schedules, summary schedules and subschedules made or hereafter made with respect thereto, (c) all monies due in payment of the Initial Contracts on or after the Initial Cut-Off Date, including 16 without limitation, all Scheduled Payments thereunder (whether or not due), any Prepayments, any payments in respect of a casualty or early termination and any Liquidation Proceeds received with respect thereto, but excluding any Excluded Amounts, (d) any guarantees of an Obligor's obligations under each such Contract, (e) the related Contract Files, (f) all Insurance Proceeds relating to the foregoing and the related Transferor's rights and interests in the Insurance Policies relating to the foregoing and (g) all proceeds and income of the foregoing or relating thereto.
Initial Conveyed Assets. As defined in Section 2.01 of the Purchase Agreement. Initial Cutoff Date: October 1, 2000.
Initial Conveyed Assets means the Conveyed Assets relating to the Initial Contracts.

Related to Initial Conveyed Assets