Transferred Asset definition

Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

Transferred Asset means an asset transferred to BSAL (and not re-transferred to SBSA or an SBSA subsidiary) under this Act or a corresponding law;

Transferred Asset means each Eligible Asset transferred to and received by Insurer by the Cut-Off Time on the Closing Date. Until valid title to an Eligible Asset has transferred to Insurer, such asset is not a Transferred Asset.

Examples of Transferred Asset in a sentence

• In such event, the Purchase Price payable with respect to such transfer shall be reduced by that portion of the Purchase Price of the Transferred Assets that was so contributed; provided that Transferred Assets contributed to the Purchaser as capital shall constitute Transferred Assets for all purposes of this Agreement and shall be subject to all representations, warranties, covenants and indemnities hereunder (the same as any Transferred Asset acquired by the Purchaser hereunder with a cash payment).

• The Purchase Price for any Transferred Asset Conveyed by the Seller to the Purchaser on any Purchase Date shall be paid in a combination of: (i) immediately available funds; and (ii) by means of a capital contribution by the Seller to the Purchaser to the extent that the amount of cash so paid pursuant to clause (i) is less than the Purchase Price.

• Without limitation of the foregoing, in the event that, at any time or from time to time after the Closing, Sellers or any of their controlled Affiliates receives any payment in respect of any Transferred Asset or Buyer receives any payment in respect of an Excluded Asset, the Sellers or the Buyer (as applicable) shall promptly deliver such payment to an account designated in writing by the Buyer or the Sellers (as applicable) by wire transfer of immediately available funds.

More Definitions of Transferred Asset

Transferred Asset means an asset transferred by a transfer order, sale/lease agreement or special order;

Transferred Asset means an asset transferred to ABAL under this Act;

Transferred Asset means an asset transferred under this schedule; "transferred liability" means a liability transferred under this schedule.Ministerial directions relating to transfers2. The Minister may give directions to an electricity corporation requiring it to carry out work directed towards the transfer of assets and liabilities between the corporation and another electricity corporation or proposed electricity corporation. Territorial application of schedule3. (1) This schedule applies both within and outside the State. (2) This schedule applies outside the State to the full extent of the extra-territorial legislative power of the State. PART B—TRANSFER OF ASSETS AND LIABILITIES Transfer of assets and liabilities to electricity corporation4. (1) The Minister may, by order in writing, transfer assets or liabilities (or both) between electricity corporations. (2) An order under this clause may be varied or revoked by the Minister by further order in writing made before the order takes effect. (3) An order may not be made under this clause transferring assets or liabilities (or both) to or from an electricity generation corporation or an electricity transmission corporation established under Part 3 or 4 more than 12 months after the establishment of the corporation (other than an order effecting a transfer between such a corporation and a subsidiary of the corporation). (4) A transfer of an asset or liability under this clause operates by force of this schedule and despite the provisions of any other law or instrument. (5) A transfer of a liability under this clause operates to discharge the transferor from the liability. Conditions of transfer5. (1) The Minister may, by order in writing, fix the conditions on which assets or liabilities are transferred to an electricity corporation under this schedule. (2) An order under this clause may be varied or revoked by the Minister by further order in writing. (3) The conditions of transfer may, for example, do one or more of the following:

Transferred Asset means any Receivable Asset which is Purchased or purported to be Purchased by the Purchaser pursuant to Article II.

Transferred Asset means an interest of the person in an asset (whether a cash asset or a relevant asset) which has been transferred at any time in the period of 5 years prior to the date on which an application for State support is first made by or on behalf of that person which transfer is made—

Transferred Asset means the balance of a dormant asset which has been transferred to the Fund under this Act.(2) In this Act, and without limiting the definition in the Bankruptcy Code 1892, references to bankruptcy include —

Transferred Asset means any Specified Asset, the ownership or the beneficial interest in which is sold, assigned, pledged or otherwise transferred to a Third Party Financier pursuant to the applicable Third Party Documents.