Asset conveyance definition

Asset conveyance means the transfer and conveyance of all or
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Asset conveyance means the transfer and conveyance of all or any part of an entity’s ownership interest in an asset to the trust fund.
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Asset conveyance means the conveyance by Anderson of the Anderson Assets to Newco in exchange for consideration of the issue of the Newco Shares (in such number as determined in accordance with the Asset Conveyance Agreement) to Anderson and the assumption of the Assumed Liabilities by Newco;
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Examples of Asset conveyance in a sentence

  • On the Closing Date, the Residual Interest shall be assigned to Drive Residual Holdings LP, a Delaware limited partnership (“DRHLP”), an Affiliate of the Seller, pursuant to the terms and conditions of the Residual Asset Conveyance Agreement dated as of the Closing Date among the Seller, Santander Consumer USA Inc.

  • Seller agrees in such case to transfer title to such designated Transferred Assets to the Intermediary, and to render Seller’s performance of all of its obligations under this Agreement with respect to such designated Transferred Assets to the Intermediary; provided that all Ancillary Agreements, including the Asset Conveyance Documents, shall be in the forms agreed to by Seller and Purchaser and shall otherwise be in the forms required by the terms of this Agreement.

  • Asset Conveyance .................................................

  • The RGI Asset Purchase: In return for Banyan conveying to RGI all of its assets but the Excluded Assets identified below (the "Asset Conveyance"), RGI will assume 100% of the liabilities of Banyan, including the RGI Debt and any other obligations RGI may assert as being owed by Banyan to it.

  • A solvency opinion by Houlihan, Lokey, Howaxx xxx Zukix, Xxc., dated as of the STX Effective Date, addressed to the Original Administrative Agent, the Issuing Banks and the Original Lenders, stating that the Company is Solvent, before and after giving effect to the SCI Acquisition, Merger and SCI Asset Conveyance.

  • The closings of the Merger relating to SRC and the Asset Conveyance shall have occurred, or be occurring simultaneously with Closing.

  • Without limiting the foregoing, Seller shall be responsible for all recording, filing, and registration fees arising in connection with the Lien Releases, the releases identified in Section 7.02(xiv), Excluded Asset Conveyance, Haynxx Xxxse Conveyance, Memorandum of Option, Estoppel Certificates, and Downstream Conveyance.

  • The Purchase Price shall be adjusted by the net amount (the "Purchase Price Adjustment") of all adjustments, credits, deductions and prorations provided for as set forth in that certain Asset Conveyance Agreement entered into of even date herewith by and between Buyer and Seller and Shareholder with respect to the "Seller's SF Restaurants" to be contributed and/or conveyed to the Company thereunder (the "Asset Agreement").

  • Notwithstanding the foregoing, the Seller may transfer the Residual Interest pursuant to the terms and conditions of the Residual Asset Conveyance Agreement dated the Closing Date among the Seller, Santander Consumer USA Inc.

  • The closings of the Merger relating to RRC and the Asset Conveyance shall have occurred, or be occurring simultaneously with Closing.


More Definitions of Asset conveyance

Asset conveyance means the transfer and conveyance of all or any part of a public or non-public entity’s ownership interest in an asset to the trust fund.
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Asset conveyance means the conveyance of the Assets and certain liabilities of Polar to the Company pursuant to the Asset Conveyance Agreement.
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Asset conveyance means the closing of transactions contemplated by the JACAAB Purchase Agreement.
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Asset conveyance means the closing of transactions contemplated by the Asset Purchase Agreements.
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Related to Asset conveyance

  • Public conveyance means a conveyance that the public or a portion of the public has access to and a right to use for transportation, including an airline, railroad, bus, boat, or other public conveyance.

  • Conveyance Date means the date of a Conveyance, as specified in the applicable Purchase Notice or Notice of Substitution.

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • Fraudulent Conveyance means a fraudulent conveyance under Section 548 of Chapter 11 of Title II of the Bankruptcy Code or a fraudulent conveyance or fraudulent transfer under the applicable provisions of any fraudulent conveyance or fraudulent transfer law or similar law of any state, nation or other governmental unit, as in effect from time to time.

  • Environmental Property Transfer Act means any applicable requirement of law that conditions, restricts, prohibits or requires any notification or disclosure triggered by the closure of any property or the transfer, sale or lease of any property or deed or title for any property for environmental reasons, including, but not limited to, any so-called "Industrial Site Recovery Act" or "Responsible Property Transfer Act."

  • Foreign Asset Control Regulations has the meaning set forth in Section 10.18.

  • Land Act means the Land Xxx 0000;

  • Title XVIII means title XVIII of the social security act, 42 USC 1395 to 1395lll.

  • Foreign Asset Sale shall have the meaning provided in Section 5.2(i).

  • Foreign Assets Control Regulations has the meaning set forth in Section 10.18.

  • Conveyance Agreement means the Conveyance Agreement Master Securitization Terms Number 1000, dated February 29, 2008, as amended and reaffirmed from time to time, among the Master Depositor, Deutsche Bank Trust Company Americas (as successor in interest to The Bank of New York Mellon Trust Company, National Association, formerly known as The Bank of New York Trust Company, N.A.), as eligible lender trustee for the benefit of the Master Depositor, VL Funding, as the depositor, Deutsche Bank Trust Company Americas (as successor in interest to The Bank of New York Mellon Trust Company, National Association, formerly known as The Bank of New York Trust Company, N.A.), as eligible lender trustee for the benefit of VL Funding, and Xxxxxx Xxx, Inc., as master servicer, together with each executed Purchase Agreement (as defined therein), each executed Xxxx of Sale (as defined therein) and all attachments thereto.

  • Conveyancers means conveyancers nominated by the Seller in terms of clause 1.15 of the Contract of Sale;

  • Home Mortgage Disclosure Act means Home Mortgage Disclosure Act of 1975, as amended.

  • conveyancer means the conveyancer described at paragraph 6 of the Schedule;

  • Conveyance Taxes means all sales, use, value added, transfer, stamp, stock transfer, real property transfer or gains and similar Taxes.

  • Qualified agricultural property means that term as defined in section 1211 of the revised school code, MCL 380.1211.

  • Municipal Property Rates Act means the Local Government: Municipal Property Rates Act, 2004 (Act No. 6 of 2004);

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Foreign Assets means any of the Portfolios’ investments (including foreign currencies) for which the primary market is outside the United States and such cash and cash equivalents as are reasonably necessary to effect the Portfolios’ transactions in such investments.

  • Conveyance shall have the meaning specified in Subsection 2.01(a).

  • State purchased health care or "health care" means medical

  • Title 49 means Title 49 of the United States Code, which, among other things, recodified and replaced the U.S. Federal Aviation Act of 1958, and the rules and regulations promulgated pursuant thereto, and any subsequent legislation that amends, supplements or supersedes such provisions.

  • Additional Xxxx of Sale means each document, in the form of Attachment D hereto, executed by an authorized officer of VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding which shall: (i) set forth the list and certain terms of (a) Additional Loans offered by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding and accepted for purchase by the Interim Eligible Lender Trustee for the benefit of Funding, including the Additional Loans Purchase Price for the Additional Loans being sold thereunder or (b) Substituted Loans substituted by VL Funding and (ii) sell, assign and convey to Funding and the Interim Eligible Lender Trustee, for the benefit of Funding, and their assignees, all right, title and interest of VL Funding and of the VL Funding Eligible Lender Trustee on behalf of VL Funding in the Additional Loans or Substituted Loans, as applicable, listed on the related Additional Xxxx of Sale and (iii) certify that the representations and warranties made by VL Funding and the VL Funding Eligible Lender Trustee on behalf of VL Funding pursuant to Sections 5(A) and (B) of these Master Terms, by the Servicer as set forth in Section 5(C) and by the Interim Eligible Lender Trustee as set forth in Section 5(D) are true and correct.

  • Conveyancing and Assumption Instruments means, collectively, the various agreements, instruments and other documents heretofore entered into and to be entered into to effect the transfer of Assets and the assumption of Liabilities in the manner contemplated by the Distribution Agreement, or otherwise arising out of or relating to the transactions contemplated in the Distribution Agreement.

  • Regulated motor vehicle surface means any of the following, alone or in combination: