Purchased Assets has the meaning set forth in Section 2.1.

Purchased Assets shall have the meaning assigned to such term in Section 2.1 of the Purchase Agreement.

Purchased Assets means all of Seller’s right, title and interest, whether now owned and existing or hereafter arising in and to all of the Receivables, the Related Security, the Collections and all proceeds of the foregoing.

Examples of Purchased Assets in a sentence

BAC has obtained all necessary licenses and approvals in each jurisdiction where it does business and where the failure to do so would materially and adversely affect the ability of BAC to perform its obligations under the Transaction Documents or affect the enforceability or collectability of the Receivables or any other part of the Purchased Assets.
It is further the intention of the parties hereto that the Purchased Assets shall not be part of BAC’s estate in the event of a bankruptcy or insolvency of BAC.
The purchase price for the sale of the Purchased Assets sold to the Purchaser on the Closing Date shall equal the estimated fair market value of the Purchased Assets.
Such representations and warranties shall survive the conveyance of the Purchased Assets to the Purchaser pursuant to this Agreement, the sale of the Purchased Assets to the Issuer under the Sale and Servicing Agreement, the conveyance of the Purchased Assets to the Grantor Trust under the Receivables Contribution Agreement, and the Grant of the Purchased Assets by the Grantor Trust to the Indenture Trustee pursuant to the Indenture.
On the date hereof, BAC hereby makes the following representations and warranties to the Purchaser, on which the Purchaser will be deemed to have relied in acquiring the Purchased Assets.

More Definitions of Purchased Assets

Purchased Assets is defined in Section 1.1.

Purchased Assets means all of the assets of the Seller used or useful in the operation of the Business, including the following assets, but specifically excluding the Excluded Assets:

Purchased Assets shall have the meaning set forth in Section 2.1 of this Agreement.

Purchased Assets shall have the meaning given such term in Section 2.1.

Purchased Assets is defined in Section 2.01.

Purchased Assets means the following:

Purchased Assets means all of the business, assets, properties, contractual rights, goodwill, going concern value, rights and claims of the Company related to the Business on the Closing Date, wherever situated and of whatever kind and nature, real or personal, tangible or intangible, whether or not reflected on the Books and Records of the Company (other than Excluded Assets), including each of the following assets: