Sold definition
Examples of Sold in a sentence
This Agreement and the loan assignments required pursuant to the Underlying Instruments are the only agreements or arrangements pursuant to which the Purchaser Purchases the Conveyed Collateral Sold to it by the Seller.
The Seller has received reasonably equivalent value from the Purchaser in exchange for the Sale of such Collateral Obligations and participation interests therein Sold hereunder.
The purchase price for each Collateral Obligation Sold pursuant to this Agreement shall be equal to the value thereof as determined in good faith by the board of directors of the Seller (no less frequently than on a quarterly basis) in accordance with the Investment Company Act (but in no event less than fair market value) and relevant inputs (the “Purchase Price”).
For all purposes of this Agreement, any contributed Conveyed Collateral shall be treated the same as the Conveyed Collateral that may be Sold for cash or other property.
For administrative convenience, any Conveyed Collateral held by any Participation Seller on the applicable Cut-Off Date may be transferred directly from such Participation Seller to the Purchaser, but such Conveyed Collateral shall be deemed to have been conveyed by the Participation Seller to the Seller, and Sold by the Seller to the Purchaser hereunder.