Transferred Assets definition

Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Transferred Assets has the meaning set forth in Section 2.1.

Transferred Assets means (a) the Purchased Assets, (b) all of the Seller’s rights under the Purchase Agreement, including the rights to enforce the repurchase obligations of Santander Consumer for breaches of the representations and warranties of Santander Consumer set forth in Schedule II to the Purchase Agreement and (c) all proceeds of the foregoing.

Examples of Transferred Assets in a sentence

• Further, it is not the intention of any Seller or the Purchaser that any Conveyance be deemed a grant of a security interest in the Transferred Assets by a Seller to the Purchaser to secure a debt or other obligation of such Seller.

• Each Seller intends to relinquish all rights to possess, control and monitor the Transferred Assets.

• It shall promptly remit to the Purchaser or the Purchaser’s designee any payment or any other sums relating to, or otherwise payable on account of, the Transferred Assets (other than Excluded Amounts) that it receives after the applicable Settlement Date.

• Without limiting the foregoing, each Seller will, in order to accurately reflect the Conveyances contemplated by this Agreement, execute and file such financing or continuation statements or amendments thereto or assignments thereof (as permitted pursuant hereto) or other documents or instruments as may be reasonably necessary or as requested by the Purchaser and mark its records noting the Conveyance to the Purchaser of the Transferred Assets.

• The Purchaser shall have no obligation to account for, replace, substitute or return any Transferred Assets to any Seller.

More Definitions of Transferred Assets

Transferred Assets shall have the meaning assigned to such term in Section 2.01.

Transferred Assets has the meaning assigned to such term in Section 6.03(i).

Transferred Assets means Seller’s and its Subsidiaries’ (including the Transferred Entities’) right, title and interest in the following property and assets, real, personal, mixed, tangible and intangible, of every kind and description, whether or not reflected on the books and records of Seller and its Subsidiaries and wherever located, in each case other than the Excluded Assets:

Transferred Assets. As defined in Section 2(a).

Transferred Assets shall have the meaning set forth in the definition of Permitted Receivables Financing.

Transferred Assets means, collectively, the Transferred Collateral Obligations and Related Security Conveyed by the Seller to the Purchaser hereunder.

Transferred Assets means, collectively, the Properties and the Asset-Related Property.