Purchased Asset Documents definition
Examples of Purchased Asset Documents in a sentence
If ▇▇▇▇▇▇ ▇▇▇▇▇▇ or Toro Seller enters into an amendment to, or modification in any way of, any of the Purchased Asset Documents or any rights of an Underlying Obligor or sponsor thereunder (whether or not such Seller has deemed such amendment to be material), then promptly following the effectiveness of such amendment, such Seller shall deliver a copy thereof to Buyer.
To the extent any Future Funding is validly required to be made pursuant to the Purchased Asset Documents with respect to any Purchased Asset, each Seller shall be required to fund such Future Funding in accordance with such Purchased Asset Documents, regardless of whether Buyer agrees to fund an increase in the Purchase Price or the conditions for increasing the Purchase Price under this Agreement have been satisfied with respect to such Future Funding.
None of the Purchased Asset Documents has any marks or notations indicating that it has been sold, assigned, pledged, encumbered or otherwise conveyed to any Person other than Buyer.
Each Seller believes that it is and will be able to pay and perform each agreement, duty, obligation and covenant contained in the Transaction Documents and Purchased Asset Documents to which it is a party, and that it is not subject to any agreement, obligation, restriction or Requirements of Law that would unduly burden its ability to do so or could reasonably be expected to have a Material Adverse Effect.
Each Seller shall (a) continue to engage in the same (and no other) general lines of business as presently conducted by it, (b) maintain such Seller’s status as a qualified transferee, qualified lender or any similar term (however defined) under the Purchased Asset Documents.