Examples of Subsequent Transferred Assets in a sentence
In April and May, the Council also received two grant payments of £6,094 and £2,334 respectively from the Department for Work and Pensions (DWP), in respect of Local Authority Data Sharing Programme- IT costs.
Notwithstanding the preceding sentence, if the Purchase Price to be paid by the Purchaser for such Subsequent Transferred Assets exceeds the amount of any cash payments paid by the Issuer to the Purchaser on such Funding Date for such Subsequent Transferred Assets, then an undivided interest in such Subsequent Transferred Assets in an amount equal to such excess shall be deemed to have been contributed to the Purchaser by COAF.
The purchase of Subsequent Transferred Assets on a Funding Date shall be made in accordance with the Purchase Agreement and this Agreement.
In consideration of the payment of the Receivables Purchase Price from the Pre-Funding Account, on each Funding Date, the Seller does hereby irrevocably sell, transfer, assign, and otherwise convey to the Issuer without recourse (subject to the obligations herein) all right, title and interest of the Seller, whether now owned or hereafter acquired, in, to and under the Subsequent Transferred Assets, as evidenced by an assignment substantially in the form of Exhibit A delivered on such Funding Date.
The payment of the Preliminary Closing Purchase Price shall constitute consideration for both the Transferred Assets and, if applicable, Subsequent Transferred Assets.
Notwithstanding anything to the contrary herein, to the extent the Subsequent Regulatory Approvals are obtained by June 15, 2021, the transfer of the Subsequent Transferred Assets will occur at the Closing, such assets will be Transferred Assets for all purposes under this Agreement and there will be no Subsequent Closing.
At the Subsequent Closing, the Parties shall deliver, or caused to be delivered, duly executed counterparts of a xxxx of sale and assignment and assumption agreement, in substantially the form of the Xxxx of Sale and Assignment and Assumption Agreement (the “Subsequent Xxxx of Sale and Assignment Agreement”), in order for Seller to assign to Buyer (or its designee) all of Seller’s and its Subsidiaries’ right, title and interest in and to the Subsequent Transferred Assets.