Subsequent Intangible Transition Property definition

Subsequent Intangible Transition Property means Intangible Transition Property sold by the Seller to the Issuer as of a Subsequent Transfer Date pursuant to the Sale Agreement.
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Examples of Subsequent Intangible Transition Property in a sentence

  • Pursuant to the Funding Law and the 1998 Transitional Funding Order, the Grantee and the Note Issuer are concurrently entering into the Sale Agreement, pursuant to which the Grantee is selling the 1998 Intangible Transition Property to the Note Issuer, and the Grantee may sell Subsequent Intangible Transition Property to the Note Issuer pursuant to Subsequent Sale Agreements.

  • The Servicer makes the following representations and warranties, as of the Closing Date, as of each Subsequent Sale Date relating to the sale of Subsequent Intangible Transition Property pursuant to a Subsequent Sale Agreement, and as of such other dates as expressly provided in this Section 6.01, on which the Grantee is deemed to have relied in entering into this Agreement.

  • The Grantee shall not engage in any business other than acquiring, owning, financing, transferring, assigning and otherwise managing the 1998 Transition Property and Related Assets, and any Subsequent Intangible Transition Property and Subsequent Related Assets, in the manner contemplated by this Agreement and the Basic Documents (or in a similar manner, in the case of Subsequent Transition Property and Subsequent Related Assets) and activities incidental thereto.

  • The transfers and assignments herein contemplated constitute sales of the Initial Intangible Transition Property or the Subsequent Intangible Transition Property, as the case may be, from the Seller to the Issuer and the beneficial interest in and title to the Transferred Intangible Transition Property would not be part of the debtor's estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law.

  • If any such offer is accepted by the Issuer, such Subsequent Intangible Transition Property shall be sold to the Issuer effective on the Subsequent Transfer Date specified in the related Addition Notice, subject to the satisfaction or waiver of the conditions specified in Section 2.03.

  • The transfers and assignments herein contemplated constitute sales of the Initial Intangible Transition Property or the Subsequent Intangible Transition Property, as the case may be, from the Transferor to the Seller and the beneficial interest in and title to the Transferred Intangible Transition Property would not be part of the debtor's estate in the event of the filing of a bankruptcy petition by or against the Transferor under any bankruptcy law.

  • If any such offer is accepted by the Seller, such Subsequent Intangible Transition Property shall be sold to the Seller effective on the Subsequent Contribution Date specified in the related Addition Notice, subject to the satisfaction or waiver of the conditions specified in Section 2.03.

  • Subsequent Intangible Transition Property may be sold to the Issuer by the Seller pursuant to an agreement substantially similar to the Sale Agreement.

  • If any such offer is accepted by the Seller, such Subsequent Intangible Transition Property shall be contributed or sold to the Seller effective on the Subsequent Contribution Date specified in the related Addition Notice, subject to the satisfaction or waiver of the conditions specified in Section 2.03.

  • The preceding sentence shall constitute the statement referred to in Section 2812(e) of the Competition Act with respect to any Subsequent Intangible Transition Property.

Related to Subsequent Intangible Transition Property

  • Leased Intangible Property means all Intangible Property (as defined in the Purchase and Sale Agreement) acquired by Landlord with respect to the Leased Property pursuant to the Purchase Agreement.

  • Transition Property means the property right created by a financing order, including without limitation the right, title, and interest of a utility, assignee, or other issuer of transition bonds to all revenue, collections, claims, payments, money, or proceeds of or arising from or constituting fixed transition amounts that are the subject of a financing order, including those nonbypassable rates and other charges and fixed transition amounts that are authorized by the commission in the financing order to recover transition costs and the costs of recovering, reimbursing, financing, or refinancing the transition costs and acquiring transition property, including the costs of issuing, servicing, and retiring transition bonds. Any right that a utility has in the transition property before the utility's sale or transfer or any other right created under this section or created in the financing order and assignable under this chapter or assignable pursuant to a financing order is only a contract right.

  • Payment intangible means a general intangible under which the account debtor's principal obligation is a monetary obligation.

  • Bondable transition property means the property consisting of

  • Excluded Real Property (a) any Real Property that is subject to a Lien expressly permitted by Section 7.3(j) (solely to the extent that the Indebtedness secured by such Lien would prohibit a Lien on such Real Property to secure the Obligations) or Section 7.3(g) (solely to the extent securing Indebtedness under Sections 7.2(c) or 7.2(t)), (b) any Real Property with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the cost of providing a mortgage on such Real Property in favor of the Secured Parties under the Security Documents shall be excessive in view of the benefits to be obtained by the Lenders therefrom and (c) any Real Property to the extent providing a mortgage on such Real Property would (i) result in material adverse tax consequences to Holdings or the Borrower or any of its Restricted Subsidiaries as reasonably determined by the Borrower (provided, that any such designation of Real Property as Excluded Real Property shall be subject to the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed)), (ii) violate any applicable Requirement of Law, (iii) be prohibited by any applicable Contractual Obligations (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) to the extent such prohibition was not created in contemplation of a mortgage on such Real Property or (iv) give any other party (other than a Loan Party or a wholly-owned Subsidiary) to any contract, agreement, instrument or indenture governing such Real Property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) to the extent such right was not created in contemplation of a mortgage on such Real Property; provided that the Borrower may designate in a written notice to the Administrative Agent any Real Property not to constitute “Excluded Real Property”, whereupon the Borrower shall be obligated to comply with the applicable requirements of Section 6.8 as if it were newly acquired.