Examples of Transferred Asset in a sentence
Seller shall notify Buyer promptly after becoming aware of any Lien on any Transferred Asset other than Permitted Encumbrances.
Notwithstanding the foregoing, any such Transferred Asset shall be deemed an Asset of the transferee AT&T Communications Group or the AT&T Broadband Group, as applicable, for purposes of determining whether any Liability is a Liability of the AT&T Communications Group or the AT&T Broadband Group.
Sellers will retain all WARN Act obligations and liabilities relating to layoff of U.S. Salaried Employees, U.S. Hourly Employees, and/or Transferred Asset Seller Employees by Sellers on or prior to the Closing Date.
On the date a Put Assignment for a Put Asset/Liability is executed by the Bridge Bank (i) the Put Assignment will be effective, and (ii) the related Put Asset/Liability will be a Transferred Asset or Assumed Liability, as appropriate, under the terms of this Agreement.
Until the later of (i) the date that is six (6) months after the Bank Closing Date, and (ii) two (2) months after the completion of the Pro Forma Statement, the Receiver has the right to request that the Bridge Bank assign to the Receiver any Transferred Asset or any Assumed Liability upon receipt of a notice (a “Call Notice”) from the Receiver identifying the Transferred Asset or Assumed Liability to be assigned by the Bridge Bank to the Receiver (a “Call Asset/Liability”).