Related Contributed Assets definition
Examples of Related Contributed Assets in a sentence
In order to induce Buyer to enter into this Agreement and to make purchases hereunder, each Seller hereby makes the representations and warranties set forth in this section with respect to itself at the times and to the extent set forth in Section 4.2 (it being understood that only ICP makes the representations and warranties set forth below with respect to any Contributed Receivables and Related Contributed Assets).
The value of the capital contribution attributable to each Contributed Receivable and its Related Contributed Assets shall be an aggregate amount equal to the Unpaid Balance of such Contributed Receivable as of the Cut-Off Date immediately preceding the applicable date of contribution (or, in the case of contributions deemed to occur pursuant to Section 3.1, equal to the portion of the Unpaid Balance of the Receivables so contributed).
Furthermore, in order to induce ICPPC to enter into this Agreement, ICP hereby makes the representations and warranties set forth in this section with respect to itself at the times and to the extent set forth in Section 4.2 with respect to any Contributed Receivables and Related Contributed Assets contributed to ICPPC.
World Color and WCF hereby agree and acknowledge that the contribution of the Contributed Receivables and Related Contributed Assets to WCF pursuant to Section 2.01 of this Agreement is an absolute and irrevocable transfer of such property, and is not intended to be a transfer for purposes of security.
World Color represents and warranties that all of its representations and warranties in the RPA with respect to the Contributed Receivables and Related Contributed Assets are true and correct on the date such Receivables are contributed to WCF.