Asset Conveyance. Holdco, KCP&L, and Westar shall not sell, lease, rent or otherwise convey, outside routine business practices, Westar and KCP&L assets necessary and useful in providing electric service to the public without Commission approval.
Asset Conveyance. Holdco, KCP&L and Westar shall not sell, lease, rent or otherwise convey, outside routine business practices, Westar and KCP&L assets necessary and useful in providing electric service to the public without Commission approval. Separation of Assets : Holdco commits that KCP&L and Westar will not commingle their assets with the assets of any other person or entity, except as allowed under the Commission’s Affiliate Transaction statutes or other Commission order. 13 Holdco commits that KCP&L and Westar will conduct business as separate legal entities and shall hold all of their assets in their own legal entity name unless otherwise authorized by Commission order. Holdco, KCP&L and Westar affirm that the present legal entity structure that separates their regulated business operations from their unregulated business operations shall be maintained unless express Commission approval is sought to alter any such structure.
Asset Conveyance. Each Seller does hereby irrevocably and unconditionally sell, transfer, convey, assign and deliver to Buyer all of Seller’s right, title and interest, legal and equitable, in, to and under the Purchased Assets.
Asset Conveyance. The Asset Conveyance shall have occurred, and the Company and Polar shall have performed or complied in all material respects, to the mutual satisfaction of Polar, the Company and the Investor, with all obligations, covenants and agreements required by the Asset Conveyance Agreement to be performed or complied with by such party prior to the Closing.
Asset Conveyance. Subject to the terms and conditions of this Agreement, Forest hereby agrees to transfer to STC Eagleville, and STC Eagleville agrees to acquire, the interests described below in and to the following, owned or held as of the Execution Date, such interests in and to such assets and properties described in clauses (a) and (b) of this Section shall be referred to herein collectively as the “Conveyed Interests”:
Asset Conveyance. 3.1 Upon the terms and subject to the conditions set forth in this Agreement, on the Effective Date, Acura shall, and shall cause APT to, sell, assign, transfer, convey and deliver to MainPointe, and MainPointe shall purchase from Acura and APT all the right, title and interest of Acura and APT in, to and under the Acquired Assets and MainPointe shall assume the Assumed Liabilities (each as defined below). On the Effective Date each Party shall execute the Other Transaction Documents which calls for its signature. The purchase and sale of the Acquired Assets and the assumption of the Assumed Liabilities are referred to in this Agreement collectively as the “Acquisition”.
Asset Conveyance. Seller hereby sells, assigns, transfers, conveys and delivers to Buyer all of Seller’s right, title and interest in, to and under all of the Purchased Assets, free of any Liens (other than Permitted Liens), and Buyer hereby accepts the sale, assignment, transfer, conveyance and delivery of all of Seller’s right, title and interest in, to and under all of the Purchased Assets. Seller acknowledges that, from and after the date hereof, Seller will not have any right, title or interest in any of the Purchased Assets.
Asset Conveyance. (a) Seller does hereby sell, assign, convey, and transfer to Buyer any and all of Seller’s right, title and interest in and to any and all of its assets incorporated within the Collection System, the Condensate System and the Flare Facility that are upstream of “Location Point 1”, as more specifically set out in Section 5 below (“the Assets”), for the consideration set forth in Section 2 and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The Assets do not include, and Seller is not assigning, conveying or transferring to Buyer, its right, title or interest in any tools, equipment or other assets or property that are incorporated within, a component of, or related to the Site, the Conversion System, the Utility Interface, the Landfill Gas, the Covered Products or the Flare Products, any tools, equipment, assets or property related to Seller’s ownership, operation or maintenance of the Conversion System and the Utility Interface, or any other assets or property of Seller that are not specifically incorporated within the Collection System, the Condensate System or the Flare Facility.
