Transferor definition

Transferor. Any Person who is disposing by Transfer of any Ownership Interest in a Certificate.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Transferor and “Transferee” mean a Person who makes or receives a Transfer, respectively.

Transferor means [full name] of [lending office]; and

Examples of Transferor in a sentence

• The Borrower will, at its expense, timely and fully perform and comply (or cause the Transferor to perform and comply pursuant to the Sale Agreement) with all material provisions, covenants and other material promises required to be observed by it under the Collateral, the Transaction Documents and all other agreements related to such Collateral.

• The Transferor will, unless otherwise required by applicable law, treat the Advances and Notes as indebtedness for U.S. federal income tax purposes.

• The Sale Agreement is the only agreement pursuant to which the Borrower purchases Collateral from the Transferor or any of its Affiliates.

• The Borrower is and has always been treated as a disregarded entity of the Transferor for U.S. federal income tax purposes and no election has been filed or will be filed in the future by the Borrower to be treated as a corporation for U.S. federal income tax purposes.

• The Borrower has given reasonably equivalent value to the Transferor of each Loan in consideration for the transfer to the Borrower of each Loan, and no such transfer has been made for or on account of an antecedent debt, and no such transfer is or may be voidable or subject to avoidance under any section of the Bankruptcy Code.

More Definitions of Transferor

Transferor means, in relation to a Transferee, the other party.

Transferor as used in this Annex means only Party A; (c) only Party A will be required to make transfers of Eligible Credit Support under Paragraph 2(a); and (d) in the calculation of any Credit Support Amount under Paragraph 2(a), where the Transferee’s Exposure would be expressed as a negative number, such Exposure shall be deemed to be zero.

Transferor means initially, BMW Auto Leasing LLC, a Delaware limited liability company.

Transferor means a transferor as defined by TUPE

Transferor. Each seller of Mortgage Loans to ▇▇▇▇▇▇ Holdings pursuant to a Transfer Agreement.

Transferor means any Partner that has Transferred all or a portion of its Partnership Interests in accordance with the provisions of this Agreement.

Transferor and “Transferee” have correlative meanings.