Transferred definition

Transferred shall have a correlative meaning.

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Transferred and “Transferring” shall have correlative meanings.

Transferred means any direct or indirect transfer, assignment, sale, gift, pledge, hypothecation or other encumbrance, or any other disposition (whether voluntary, involuntary or by operation of law) of the Assets.

Examples of Transferred in a sentence

• The Seller makes the following representations and warranties as of the Closing Date on which the Issuer will be deemed to have relied in acquiring the Transferred Assets.

• It is further the intention of the parties hereto that the Receivables and related Transferred Assets shall not be part of the Seller’s estate in the event of a bankruptcy or insolvency of the Seller.

• The Receivables and the other Transferred Assets have been validly assigned by the Seller to the Issuer.

• The Servicer has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Servicer to perform its obligations under the Transaction Documents or affect the enforceability or collectability of the Receivables or any other part of the Transferred Assets.

• This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the other Transferred Assets in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Seller.

More Definitions of Transferred

Transferred means the accomplishment of a Transfer, and “Transferee” means the recipient of a Transfer.

Transferred. “Transferring” and “Transferee” shall each have a correlative meaning to the term “Transfer.”

Transferred has the correlative meaning.

Transferred means, with respect to any security, the direct or indirect assignment, sale, transfer, tender, exchange, pledge or hypothecation, or the grant, creation or suffrage of a lien, security interest or encumbrance in or upon, or the gift, grant or placement in trust, or the Constructive Sale or other disposition of such security (including transfers by testamentary or intestate succession, by domestic relations order or other court order, or otherwise by operation of law) or any right, title or interest therein (including any right or power to vote to which the holder thereof may be entitled, whether such right or power is granted by proxy or otherwise), or the record or beneficial ownership thereof, the offer to make such a sale, transfer, Constructive Sale or other disposition, and each agreement, arrangement or understanding, whether or not in writing, to effect any of the foregoing.

Transferred. “Transferee” and “Transferability” shall each have a correlative meaning.

Transferred means a transfer of ownership as defined in section 27a. History: Add. 2006, Act 612, Imd. Eff. Jan. 3, 2007;⎯Am. 2014, Act 456, Imd. Eff. Jan. 2, 2015. Popular name: Act 206

Transferred means to give, sell, exchange, assign, transfer, pledge, hypothecate, bequeath, devise or otherwise dispose of or encumber, voluntarily or involuntarily, by operation of law or otherwise. When referring to a Company Unit, “Transfer” shall mean the Transfer of such Company Unit whether of record, beneficially, by participation or otherwise.