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Document Preview Bill of Sale, Assignment and Assumption Agreement |
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Title: |
Bill of Sale, Assignment and Assumption Agreement |
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Entities: |
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Date: |
2001 |
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$43 |
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ID: |
#121075 |
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BILL OF SALE, ASSIGNMENT AND ASSUMPTION AGREEMENT
This Bill of Sale, Assignment, and Assumption Agreement is made and
effective as of the 5th day of December, 2001, between TransTechnology
Corporation, a Delaware corporation ("TTC"), and TransTechnology Engineered
Components, LLC, a Delaware limited liability company ("TTEC").
FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which
is hereby acknowledged, it is hereby agreed as follows:
1. ASSETS ASSIGNED. Except as set forth in Section 2 herein, TTC hereby
sells, contributes, assigns, transfers, conveys, and delivers to TTEC the entire
right, title and interest of TTC in and to all of the assets used in or
necessary for the operation of TTC's unincorporated division known as "The
Palnut Company" ("Palnut"), including, without limitation, all of the following:
a. All of the Equipment (as hereinafier defined) used in or necessary
for the operation of Palnut. As used herein the term "Equipment" means, in
addition to the definition of the term contained in the Uniform Commercial Code
of the State of New Jersey (the "UCC"), all equipment, machinery, furniture,
fixtures, and all other tangible assets, tools, tooling, and controls and
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