Initial Conveyance definition

Initial Conveyance has the meaning set forth in Section 2.1(a).
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Initial Conveyance means, prior to or at Closing, the contribution, conveyance, assignment and transfer from Seller to the Acquired Company, its successors and its assigns, for its and their own use forever, all right, title and interest in and to the Assets and the Equity Securities of each Acquired Subsidiary pursuant to the Conveyance Documents.
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Initial Conveyance has the meaning assigned to such term in the recitals.
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Examples of Initial Conveyance in a sentence

  • In respect of each Initial Conveyance, the Seller, as of the date of such Initial Conveyance, has not assigned, pledged, or otherwise conveyed or encumbered any interest in each Transferred Asset to any other person, which assignment, pledge, conveyance or encumbrance remains effective as of the applicable Purchase Date.

  • The Seller hereby acknowledges that the Initial Conveyance is absolute and irrevocable, without reservation or retention of any interest whatsoever by the Seller.

  • In connection with the closing of the Initial Conveyance, QEPFS and the Company shall enter into the Indemnification Agreement, which shall provide that QEPFS will (i) indemnify the Company for Covered Environmental Losses and (ii) be obligated to indemnify the Company for a Covered Environmental Loss only to the extent that QEPFS is notified in writing of such violation, event, condition or environmental matter prior to the third anniversary of the Initial Conveyance.

  • Upon consummation, regardless of whether or not all conditions precedent to such contribution and acquisition were satisfied, such contribution and acquisition shall be effective as of the date of the Initial Conveyance Schedule.

  • The Depositor hereby makes all the representations and warranties set forth in Sections 5(A) and (B) of the Contribution Agreement regarding the Initial Loans described in the Initial Conveyance Schedule and the related Loan Transmittal Summary Form, as of the Closing Date.

  • The parties hereto intend that the transfer of Acquired Loans described in the Initial Conveyance Schedule and related Loan Transmittal Summary Form be, and be construed as, a valid contribution of such Acquired Loans from the Depositor to the Eligible Lender Trustee for the benefit of the Trust.

  • Any Additional Conveyance must be identical in all respects to the Initial Conveyance, except for changes which may be necessary to ensure that the Additional Royalty Interest conforms to the conditions set forth herein.

  • In respect of each Initial Conveyance, the Intermediate Seller, as of the applicable date of any Conveyance thereunder, has not assigned, pledged, or otherwise Conveyed or encumbered any interest in each Transferred Asset to any other person, which assignment, pledge, Conveyance or encumbrance remains effective as of the applicable Purchase Date.

  • In respect of each Initial Conveyance, the Seller, as of the applicable date of any Conveyance thereunder, has not assigned, pledged, or otherwise Conveyed or encumbered any interest in each Transferred Asset to any other person, which assignment, pledge, Conveyance or encumbrance remains effective as of the applicable Purchase Date.

  • Guarantors: [TO BE PROVIDED BY WACHOVIA] IN WITNESS WHEREOF, the parties hereto have caused this Initial Conveyance Schedule to be duly executed by their respective officers hereunto duly authorized, as of the day and year first above written.


More Definitions of Initial Conveyance

Initial Conveyance means collectively the Overriding Royalty Conveyance and the Trust Conveyance.
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Initial Conveyance has the meaning set forth in Section 2.1(a). “Purchase Date” means each Subsequent Conveyance Date and the date of the Initial Conveyance. “Purchase Notice” has the meaning set forth in Section 2.1(b). “Purchase Price” has the meaning set forth in Section 3.1. “Purchaser” has the meaning set forth in the preamble hereto. “Schedule of Collateral Obligations” has the meaning set forth in Section 2.1(a). “Seller” has the meaning set forth in the preamble hereto. “Subsequent Conveyance” has the meaning set forth in Section 2.1(b). “Subsequent Conveyance Date” has the meaning set forth in Section 2.1(b). “Transferred Assets” means, collectively, the Transferred Collateral Obligations and Related Security Conveyed by the Seller to the Purchaser hereunder. “Transferred Collateral Obligations” means each Collateral Obligation Conveyed from the Seller to the Purchaser pursuant to the terms of this Agreement. “Warranty Collateral Obligations” has the meaning set forth in Section 6.1. SECTION 1.2
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Initial Conveyance means either the Initial Conveyance of Collateral Obligations or the Initial Conveyance of Beneficial Interest in Reference Assets, as applicable.
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Related to Initial Conveyance

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

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

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.

  • Contribution Agreement has the meaning set forth in the Recitals.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Memorandum of Lease means a memorandum of this Lease, in recordable form, setting forth the following provisions of this Lease: (a) all information any Law requires;