SA Transfer definition
Examples of SA Transfer in a sentence
Transfer of risk takes place according to delivery terms (Incoterms latest edition ) as specified in SA Transfer of title, free and clear of any liens, claims, encumbrances, interests or other rights, shall take place simultaneously with the transfer of the risk.
Without prejudice to paragraph 2.5, the Seller shall be responsible for preparing and submitting, or for procuring that there is prepared and submitted (at the Purchaser’s cost and expense), all notices, applications, submissions, reports and any other instruments, documents, correspondence or filings necessary to complete each SA Transfer or SA Re-Registration (as applicable) (the “SA Documentation”).
Such Seller shall not take any action to cause, or which would permit, an Eligible Receivable to cease to be an Eligible Receivable, other than solely as a result of the Obligor with respect to such SA Receivable becoming subject to an Exchange Partner Arrangement after the related SA Transfer Date or except as otherwise expressly provided by this Agreement; provided that in no event shall an Eligible Receivable becoming a Defaulted Receivable constitute a breach of this Section 4.3(b).
Except to the extent expressly set forth herein, no Seller shall have any right or obligation under this Agreement, by implication or otherwise, to repurchase from SRC any SA Transferred Assets or to rescind or otherwise retroactively effect any sale of any SA Transferred Assets after the SA Transfer Date relating thereto.
Each Daily Report shall specify the amount of SA Receivables contributed to SRC on the related SA Transfer Date.
On or before each SA Transfer Date, as appropriate, Sellers shall indicate in their respective computer files that the SA Transferred Assets have been sold to SRC pursuant to this Agreement by so identifying such SA Transferred Assets with an appropriate notation.
Subsection 7.18 of the Credit Agreement is hereby amended by deleting the phrase “Notwithstanding anything to the contrary contained in this Agreement” and substituting the phrase “Notwithstanding anything to the contrary contained in this Agreement, for so long as HULC shall remain an unlimited liability company and other than the Joy SA Transfer and the Canadian Restructuring,” therefor.
The parties hereto intend that each SA Transfer shall constitute a purchase by SRC and sale by the applicable Seller to SRC and not a loan by SRC to such Seller secured by the SA Transferred Assets.
The Daily Report for the SA Transfer Date occurring on the date hereof shall specify the amount of SA Receivables contributed to SRC on such SA Transfer Date.
To induce SRC to purchase the SA Transferred Assets, each Seller makes (as to itself only) the following representations and warranties to SRC, as of the date hereof and each subsequent SA Transfer Date, each and all of which shall survive the execution and delivery of this Agreement.