Examples of Purchased Asset in a sentence
Accordingly, Purchaser accepts the Purchased Asset “AS IS,” “WHERE IS,” and “WITH ALL FAULTS” and without representation, warranty or guarantee that such Purchased Asset is in good standing under applicable law or may be assigned or transferred pursuant to applicable law.
The asset included in this Purchase Agreement consists only of the Purchased Asset.
So long as no Event of Default has occurred and is continuing and solely for the determination of Market Value of any Purchased Asset in accordance with Section 4.01, Seller may provide Buyer with a notice to contest Buyer’s determination of the Market Value of any Purchased Asset (a “MV Disputed Asset”) as of any date of determination, and such MV Disputed Asset’s Market Value shall be deemed to equal the Third Party Market Value of such MV Disputed Asset.
If a Purchased Asset becomes evidenced by an instrument or chattel paper, the same shall be immediately delivered to Custodian on behalf of Buyer, together with endorsements required by Buyer.
Seller shall repurchase any Purchased Asset that no longer qualifies as an Eligible Asset, (1) if Buyer delivers notice thereof before 11:00 a.m. New York City time on a Business Day, no later than 5:00 p.m. New York City time on the following Business Day or (2) if Buyer delivers notice thereof after 11:00 a.m. New York City time on a Business Day, no later than 5:00 p.m. New York City time two (2) Business Days following the date of such notice.