Asset Closing definition

Asset Closing means the consummation of the transactions contemplated by the Asset Purchase Agreement.
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Asset Closing means the “Closing” as defined in the Asset Purchase Agreement.
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Asset Closing means the transfer of the Assets by Degerstrom to MASA and NAD, and the payment by MASA and NAD to Degerstrom of the Purchase Price therefor and the completion of all matters incidental thereto;
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Examples of Asset Closing in a sentence

  • After the Asset Closing Date, each party hereto agrees to execute and deliver or cause to be executed and delivered any other and further documents, instruments or agreements, as may be necessary to fully effectuate the intent of this Agreement and the transactions contemplated hereby.

  • As of each Transferred Asset Closing Date, SPV hereby represents and warrants to the Issuer that none of the Transferred Assets transferred by SPV on such date has been sold, transferred, assigned or pledged by SPV to any Person other than the Issuer.

  • The consummation of each transfer contemplated by Section 2.2 shall take place on the related date of such transfer (the "Additional Closing Date" and, together with the Initial Closing Date, the "Transferred Asset Closing Dates").

  • The representations, warranties and covenants of SPV and of the Issuer set forth in this Agreement shall remain in full force and effect and shall survive each Transferred Asset Closing Date under Article II hereof and any related transfer under the other Transaction Documents.

  • SPV shall, at its own expense, on or prior to each Transferred Asset Closing Date, indicate in its computer files created in connection with the Transferred Assets for such Transferred Asset Date that such Transferred Assets have been transferred, assigned and conveyed to the Issuer pursuant to this Agreement.

  • In connection with the Asset Closing, Seller agrees to give the Trust Subsidiary such bills of sale, assignments and other instruments of conveyance and transfer as, in the reasonable judgment of Buyer, shall be necessary and appropriate to vest in the Trust Subsidiary the legal and equitable title to the Purchased Assets, free and clear of all liens and encumbrances.

  • At the Asset Closing (in the event it occurs), Parent shall deliver, or cause to be delivered, to the Escrow Agent an amount equal to the Estimated Merger Consideration to be held in the Escrow Account in accordance with the terms of the Escrow Agreement.

  • Each Call Asset Closing shall take place, in any case, at 10:00 a.m. (New York time), at the principal offices of Purchaser, or at such other date, time or place as the parties to may agree.

  • This obligation shall cease to apply to DVS upon the occurrence of later to occur of the IP Closing and the Asset Closing, provided however that confidential information concerning Hyundai's other businesses shall be kept confidential.

  • For greater certainty, no service by a Transferred SMS Employee need be recognized to the extent that such recognition would result in any duplication of benefits, or to the extent that such service was not recognized under the corresponding SunGard Benefit Plan, and no such service need be recognized for benefit accrual purposes in any Datatel Benefit Plan that constitutes a defined benefit pension plan in which such Transferred SMS Employees may be eligible to participate after the Asset Closing.


More Definitions of Asset Closing

Asset Closing means completion of the purchase and sale of the applicable Transferred Assets and the assumption of the applicable Assumed Liabilities in accordance with Section 12.1, and for clarity, one or more Asset Closings may take place under this Agreement to complete the purchase and sale of all of the Transferred Assets and assumption of all of the Assumed Liabilities;
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Related to Asset Closing

  • First Closing has the meaning set forth in Section 2.2(a).

  • Second Closing has the meaning set forth in Section 2.2.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Closing means the closing of the purchase and sale of the Securities pursuant to Section 2.1.