Put Asset definition

Put Asset means, as of a particular date, the valuation of the Visa Europe Put-Call Agreement on Visa Inc.’s balance sheet when the fair value of the Visa Europe Put-Call Agreement is an asset, as described in reference Item V and Note 3 to the pro forma Visa Inc. balance sheet contained in Amendment No. 5 to the Form S-4 Registration Statement of Visa Inc.
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Put Asset means an undivided interest in 97% of the Asset.
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Examples of Put Asset in a sentence

  • By delivering the Put Notice, Asset LLC shall be deemed to warrant to EESO that, as of the date of delivery of such Put Notice and as at the Put Date, Asset LLC holds good title to the Put Asset and that there exists no mortgage, pledge, security interest, encumbrance, lien or charge of any kind over such Put Asset by, through or under Asset LLC.

  • We hereby give notice pursuant to and for the purposes of Section 2 of the Agreement that we elect to exercise the Put Option in respect of the Put Date and that we require EESO to purchase the Put Asset from Asset LLC on the terms and subject to the conditions specified in Sections 3 and 4 of the Agreement.

  • EESO does hereby accept assignment of the Put Asset conveyed hereby.

  • Asset LLC shall have the right but not the obligation to require EESO to repurchase the Put Asset from Asset LLC on the Put Date in accordance with the terms of this Agreement.

  • In the event that Asset LLC elects to require EESO to repurchase the Put Asset on the Put Date, Asset LLC shall deliver the Put Notice to EESO on or before [insert the date which is one Business Day prior to Auction Notice Date] provided that (i) in the event that the obligations of the Trust under the Notes are accelerated under the terms of the Facility Agreement, Asset LLC may deliver the Put Notice at any time on or before the date of such acceleration.

  • If the Put Notice has been delivered as provided above, on the Put Date Asset LLC shall sell, assign and transfer to EESO the Put Asset pursuant to an Assignment Agreement substantially in the form of Schedule II hereto, and EESO shall pay to Asset LLC the Purchase Price.

  • The Purchase Price for the Put Asset shall be equal to $[__________] ([_________________________] Dollars) and (subject to delivery of a Put Notice in accordance with Section 2) shall be paid on the Put Date in immediately available funds.

  • Asset LLC does hereby assign, set‑over, transfer and otherwise convey the Put Asset to EESO.

  • Asset LLC does hereby assign, set-over, transfer and otherwise convey the Put Asset to EESO.