Sold Property definition

Sold Property means (a) the Purchased Property, (b) the Depositor’s rights under the Receivables Purchase Agreement, (c) all present and future claims, demands, causes of action and choses in action relating to any of the property described above and (d) all payments on or under and all proceeds of the property described above.

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Sold Property has the meaning set forth in Section 7.3(b) of the Agreement.

Sold Property is defined in Section 2.1.

Examples of Sold Property in a sentence

• Each party agrees that any claim that it may seek to enforce against the other party under this Agreement is limited to the Sold Property only and is not a claim against the other party's assets as a whole or against assets other than the Sold Property.

• The Depositor acknowledges that, under the Indenture, the Issuer will assign and pledge the Sold Property and related property and rights to the Indenture Trustee for the benefit of the Secured Parties.

• In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the 2026-A Exchange Note and the other Sold Property.

• The Depositor makes the following representations and warranties about the Sold Property and the 2026-A Reference Pool on which the Issuer is relying in purchasing the Sold Property.

• The Depositor will file financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices necessary to perfect the Issuer's interest in the Sold Property.

• The representations and warranties are made as of the Closing Date and will survive the sale and assignment of the Sold Property by the Depositor to the Issuer under this Agreement and the pledge of the Sold Property by the Issuer to the Indenture Trustee under the Indenture.

• On the Closing Date, the Depositor will sell to the Issuer the Sold Property in exchange for the Notes under the Exchange Note Sale Agreement.

• This Agreement evidences a valid sale and assignment of the Sold Property from the Depositor to the Issuer, enforceable against creditors of and purchasers from the Depositor.

• The Depositor and the Issuer each represents and warrants to the other that the transfer of the Notes on the Closing Date and the increase in the value of the Depositor's beneficial interest in the Issuer, is equal to the fair market value of the 2026-A Exchange Note and the other Sold Property.

• The Issuer's obligations under this Indenture are solely the Issuer's obligations and do not represent an obligation or interest in the assets of the Depositor other than the Sold Property conveyed to the Issuer under the Exchange Note Sale Agreement.

More Definitions of Sold Property

Sold Property means all of the Applicable Parties’ interest in the following for each single parcel of Sold Land:

Sold Property means a property that is sold in a specific month/period and where all the suspensive conditions, including the granting of a loan to the purchaser, have been fulfilled.

Sold Property means any real property owned, leased or managed by the HI Entities or that is otherwise part of the Business at the date hereof, that on or prior to December 31, 2005 has been disposed of, or the rights associated with which have been disposed of, by the relevant HI Entity provided that, in each case, completion of such disposal has occurred.

Sold Property means the personal property that will be sold by each of the Property Partnerships and identified more specifically on a schedule to be attached to the Contribution Agreement to be entered into by each such Property Partnership.

Sold Property means any real property that is Owned Real Property as of the date of this Agreement (including the SLB Properties) and that ceases to be Owned Real Property prior to the Closing.