Assets Assigned Sample Clauses

Assets Assigned. Except as set forth in Section 2 herein, TTC hereby sells, contributes, assigns, transfers, conveys, and delivers to TTEC the entire right, title and interest of TTC in and to all of the assets used in or necessary for the operation of TTC's unincorporated division known as "The Palnut Company" ("Palnut"), including, without limitation, all of the following: a. All of the Equipment (as hereinafier defined) used in or necessary for the operation of Palnut. As used herein the term "Equipment" means, in addition to the definition of the term contained in the Uniform Commercial Code of the State of New Jersey (the "UCC"), all equipment, machinery, furniture, fixtures, and all other tangible assets, tools, tooling, and controls and operating accessories therefor.

Assets Assigned. 2.3. 1 Nothing other than a “financial asset” as defined in the SARFAESI is acquired by the Assignee from the Assignor as per this Agreement. 2.3. 2 The Loans are assigned by the Assignor to the Assignee “as is where is basis”, “as is what is basis”, “whatever there is basis” and “without recourse” basis i.e. with such credit risk, operational risk, legal or any other type of risks associated with the Loans The assignment shall not be liable to be revoked for any breach including antecedent breach of any representation and warranty by the Assignor. In the event of non-realization of amount out of assets/securities available under the Loans, the Assignor shall not be liable to refund anything in part of full to the Assignee.