VA Assets definition

VA Assets. The term "VA Assets" means all of the assets, properties, goodwill and rights owned by CEC and the Asset Subsidiaries and used or held for use principally in connection with the operation of the VA Business, of whatever kind and nature, real or personal, tangible or intangible, other than the Excluded Assets (as defined in Section 1.5), including, but not limited to, the following:
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VA Assets means, individually or collectively, as the context may require, any VA Loans and any REO Properties converted therefrom.
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Examples of VA Assets in a sentence

  • The Trustee may remove the Master Servicer if the FHA Assets or VA Assets included in the Trust Fund are not serviced in accordance with HUD, FHA and/or VA requirements, as applicable, or if the Master Servicer fails to service the FHA Assets or VA Assets according to reasonable and customary requirements.

  • Each sub-servicing agreement must meet standards applicable to sub-servicing for FHA Assets and VA Assets and must provide that the Trustee will not be obligated to assume the duties of the Master Servicer thereunder.

  • As consideration for the purchase for the VA Shares and the VA Assets and for the noncompetition covenant of CEC (on behalf of itself and its subsidiaries), Buyer, in addition to assuming the Assumed Obligations, shall pay to CEC as provided in Schedule 1.8 an aggregate purchase price of Seventy Three Million Five Hundred Thousand Dollars (U.S. $73,500,000) (the "Purchase Price"), subject to the post- closing adjustment described in Section 1.10.

  • The assets owned or leased by the Share Subsidiaries together with the VA Assets include all the assets and properties which are necessary to conduct the VA Business as presently conducted, and to perform all of the contracts, leases, agreements, commitments, purchase orders, work orders, customer orders, and other arrangements of the VA Business.

  • The Purchase Price and the liabilities assumed by Buyer in accordance with Section 1.6 shall be allocated among the VA Shares and the VA Assets substantially as set forth on Schedule 1.11, with such adjustments as may be agreed between Buyer and CEC within 30 days following Closing.

  • Upon the terms and subject to the conditions of this Agreement, CEC agrees to sell, assign, transfer, convey and deliver, or cause its subsidiaries to sell, assign, transfer, convey and deliver, to Buyer (or in Buyer's sole discretion, any subsidiary or subsidiaries of Buyer), and Buyer agrees to purchase, at the Closing (as defined in Section 2.1), all the VA Shares and the VA Assets.