Examples of TSA Assets in a sentence
Except for the Affiliate Assets and the TSA Assets, no Insider has any right in or to any of the assets and properties that are owned, used or held for use by the Company or its Affiliates with respect to the business of the Company except for the right to receive compensation for services rendered in the Ordinary Course.
Upon termination or expiration of this Agreement, Seller shall not have any further obligation with respect to any Services, or, except as expressly provided in this Agreement, any TSA Assets or Company Property, including any obligation to facilitate the Company’s or any of its Affiliates’ performance, use or maintenance of any Service or asset.
Other than the security interest granted to Issuer pursuant to the Transfer and Servicing Agreement, SRC has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed the TSA Assets described.
In order to evidence the interests of Issuer under the Transfer and Servicing Agreement, SRC shall, from time to time take such action, or execute and deliver such instruments as may be necessary or advisable (including such actions as are reasonably requested by the Issuer or the Indenture Trustee) to maintain and perfect, as a first-priority interest, Indenture Trustee’s security interest in the TSA Assets.
Seller does hereby sell, transfer, assign and convey to Purchaser, all of Seller's right, title and interest in and to the TSA Assets.
No indenture, certificate of designation for equity interests, agreement or other instrument to which it or any of its Subsidiaries is a party will prohibit or materially restrain, or have the effect of prohibiting or materially restraining, or imposing materially adverse conditions upon, the sale and assignment of TSA Assets.
Servicer shall maintain all of its rights, powers and privileges material to the collectibility or enforcement of the Transferred Receivables and the TSA Assets.
The Transfer and Servicing Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the TSA Assets in favor of Issuer which security interest is prior to all other Adverse Claims, and is enforceable as such as against creditors of and purchasers from SRC.
The parties hereto intend that each TSA Transfer shall constitute a purchase and sale, as applicable, by SRC to Funding LLC and not a loan by Funding LLC to SRC secured by the TSA Assets.
SRC will duly fulfill all obligations on its part to be fulfilled under or in connection with each Transferred Receivable transferred by it and will do nothing to impair the rights of Funding LLC or its assigns in such Transferred Receivable or any TSA Assets.