The Transition Property Sample Clauses

The "Transition Property" clause defines the specific assets, rights, or property that will be transferred from one party to another during a transition period, such as in a business sale or restructuring. This clause typically outlines what constitutes transition property, which may include equipment, intellectual property, contracts, or inventory, and details the timing and conditions under which the transfer occurs. Its core function is to ensure both parties have a clear understanding of what is being transferred, thereby reducing the risk of disputes and facilitating a smooth transition process.
The Transition Property. 13 SECTION 5.01. Custody of Transition Property Records................................13 SECTION 5.02. Duties of Servicer as Custodian.......................................13 SECTION 5.03. Instructions; Authority to Act........................................15 SECTION 5.04. Custodian's Indemnification...........................................15 SECTION 5.05. Effective Period and Termination......................................15
View SourceView Similar (5)
The Transition Property. SECTION 5.01. Custody of Transition Property Records 15 SECTION 5.02. Duties of Servicer as Custodian. 15 SECTION 5.03. Custodian’s Indemnification 16 SECTION 5.04. Effective Period and Termination 17 ARTICLE VI THE SERVICER SECTION 6.01. Representations and Warranties of Servicer 17 SECTION 6.02. Indemnities of Servicer; Release of Claims 19 SECTION 6.03. Binding Effect of Servicing Obligations 20 SECTION 6.04. Limitation on Liability of Servicer and Others 22 SECTION 6.05. ETI Not to Resign as Servicer 22 SECTION 6.06. Servicing Compensation 23 SECTION 6.07. Compliance with Applicable Law 24
View SourceView Similar (3)
The Transition Property. Section 5.01. Custody of Transition Property Records Section 5.02. Duties of Servicer as Custodian Section 5.03. Instructions; Authority to Act Section 5.04. Effective Period and Termination Section 5.05. Monitoring of Third-Party Suppliers Section 5.06.
View SourceView Similar (3)
The Transition Property. Section 5.01. Custody of Transition Property Records Section 5.02. Duties of Servicer as Custodian
View SourceView Similar (2)
The Transition Property 
View SourceView Similar (59)

Related to The Transition Property

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, that includes the allocation of individual dwelling units to the holders of the Cooperative Shares of the Cooperative Corporation.

  • B8 Property Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.

  • Student Data Property of LEA All Student Data transmitted to the Provider pursuant to the Service Agreement is and will continue to be the property of and under the control of the LEA. The Provider further acknowledges and agrees that all copies of such Student Data transmitted to the Provider, including any modifications or additions or any portion thereof from any source, are subject to the provisions of this DPA in the same manner as the original Student Data. The Parties agree that as between them, all rights, including all intellectual property rights in and to Student Data contemplated per the Service Agreement, shall remain the exclusive property of the LEA. For the purposes of FERPA, the Provider shall be considered a School Official, under the control and direction of the LEA as it pertains to the use of Student Data, notwithstanding the above.

  • Additional Property The Trustee is specifically authorized to receive additional property from any source and to hold and administer this property as part of the Trust Estate.

  • Leased Personal Property Other than Personal Property owned by the Company or the Company Subsidiary, the Company or the Company Subsidiary has good and valid leasehold title to all of the tangible personal property Assets used by the Company or the Company Subsidiary, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor. Disclosure Schedule 3.9(c) sets forth all Leases for personal property. With respect to each Lease listed on Disclosure Schedule 3.9(c), (i) there has been no breach or default under such Lease by the Company, the Company Subsidiary or by any other party, (ii) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will not cause (with or without notice and with or without the passage of time) a default under any such Lease, (iii) such Lease is a valid and binding obligation of the applicable lessor, is in full force and effect and is enforceable by the Company or the Company Subsidiary in accordance with its terms, (iv) no action has been taken by the Company or the Company Subsidiary and no event has occurred which, with notice or lapse of time or both, would permit termination, modification or acceleration by a party thereto other than by the Company or the Company Subsidiary without the consent of the Company or the Company Subsidiary, (v) no party has repudiated any term thereof or threatened to terminate, cancel or not renew any such Lease, and (vi) neither the Company nor the Company Subsidiary has assigned, transferred, conveyed, mortgaged or encumbered any interest therein or in any leased property subject thereto (or any portion thereof).