Pledge of Series Sample Clauses

Pledge of Series. 1999-1 Trust Estate. (a) Each Obligor hereby pledges to the Trustee and grants a security interest to the Trustee for the benefit of the Series 1999-1 Noteholders, and the Trustee hereby accepts the pledge of and grant of a security interest in, all of such Obligor's now owned and existing and hereafter acquired or arising right, title and interest, if any, in, to and under all accounts, general intangibles, instruments, chattel paper, documents, money, letters of credit, advices of credit, deposit accounts, certificates of deposit, investment property, goods and other property consisting of, arising from or related to any of the following: (1) each and every Contract now or hereafter listed as a Series 1999-1 Contract on the List of Contracts delivered to the Trustee together with all amounts due or to become due under such Series 1999-1 Contracts, (2) all Collections and Related Security associated therewith, (3) all 8 balances, instruments, monies, securities, investment property or other property received or held from time to time in the Collection Account, the Reserve Account and the Residual Account, (4) the Contribution Agreement and the Series 1999-1 Contribution Agreement Supplement and all of its rights to enforce the provisions of, and to benefit from the representations, warranties and covenants made in, the Contribution Agreement and the Series 1999-1 Contribution Agreement Supplement, (5) the Equipment associated with the Series 1999-1 Contracts and the Residual Interest therein, and (6) all proceeds of each of the foregoing, but excluding any obligations of the Obligors under the Contribution Agreement and the Series 1999-1 Contribution Agreement Supplement and excluding any Servicing Charges, taxes, Initial Unpaid Amounts and Security Deposits, all in accordance with, and for the purposes set forth in, this Series 1999-1 Supplement (such property, the "Series 1999-1 Trust Estate"). (b) It is the intention of the Obligors, which intention is acknowledged by the Trustee, that this Series 1999-1 Supplement, together with the Master Agreement, shall be deemed to be a security agreement within the meaning of Article 8 and Article 9 of the UCC as in effect in the States of New York, Nevada and Delaware and the pledge provided for by this Section 1.02 and elsewhere herein shall be deemed to be a grant by the Obligors to the Trustee for the benefit of the Series 1999-1 Noteholders of a valid first-priority perfected security interest in all of the ...
Sample 1
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Pledge of Series. 1999-1 Trust Estate 1
Sample 1
Pledge of Series. [___] Trust Estate. The Issuer hereby Grants to the Indenture Trustee, for the benefit of the Holders of the Notes all of the Issuer's right, title and interest (but none of its obligations) in and to (a) each and every Receivable listed as a Series ______ Receivable on the Schedules of Receivables attached hereto as Schedule II and all monies paid or payable thereon or in respect thereof after the Cutoff Date (including amounts due on or before the Cutoff Date but received by HAFC, Household Bank, the Seller, the Master Servicer or the Issuer after the Cutoff Date); (b) an assignment of the security interests in the related Financed Vehicles granted by Obligors pursuant to such Series ______ Receivables and any other interest of the Issuer in the related Financed Vehicles; (c) all rights of HAFC or Household Bank, as applicable, against Dealers pursuant to Dealer Agreements or Dealer Assignments related to such Series ______ Receivables; (d) any proceeds and the right to receive proceeds with respect to such Series ______ Receivables repurchased by a Dealer, pursuant to a Dealer Agreement as a result of a breach of representation or warranty in the related Dealer Agreement; (e) all rights under any Service Contracts on the related Financed Vehicles; (f) any proceeds and the right to receive proceeds with respect to such Series ______ Receivables from claims on any physical damage, loss, credit life or disability insurance policies covering the related Financed Vehicles or Obligors including rebates of insurance premiums relating to such Series ______ Receivables; (g) all funds on deposit from time to time in the Series ______ Trust Accounts (including all investments and proceeds thereof from time to time allocable to the Series ______ Reserve Account, but excluding all investments and proceeds thereof allocable to the other Series ______ Trust Accounts or allocable to the Master Collection Account); (h) all rights of the Seller in and to the Master Receivables Purchase Agreements, including the delivery requirements, representations and warranties and the cure and repurchase obligations of HAFC or Household Bank, as applicable, under the HAFC Purchase Agreement and the Household Bank Purchase Agreement, respectively, and the related Receivables Purchase Agreement Supplements; (i) all property (including the right to receive future Net Liquidation Proceeds) that secures such Series ______ Receivables and that has been acquired by or on behalf of the Issue...
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Related to Pledge of Series

  • Combination of Series The Trustees shall have the authority, without the approval of the Shareholders of any Series unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series.

  • Multi-Factor Authentication for Remote Access DST shall use multi factor authentication and a secure tunnel, or another strong authentication mechanism, when remotely accessing DST’s internal network.

  • Discharge Prior to Maturity The Indenture shall be discharged and canceled upon the payment of all of the Securities and shall be discharged except for certain obligations upon the irrevocable deposit with the Trustee of funds or U.S. Government Obligations sufficient for such payment.

  • Discharge Prior to Redemption or Maturity If the Company at any time deposits with the Trustee U.S. Legal Tender or U.S. Government Obligations sufficient to pay the principal of and interest on the Notes to redemption or maturity and complies with the other provisions of the Indenture relating thereto, the Company will be discharged from certain provisions of the Indenture and the Notes (including certain covenants, but excluding its obligation to pay the principal of and interest on the Notes).

  • Combination of Series and Classes The Trustees shall have the authority, without the approval of the Shareholders of the Trust or any Series or Class unless otherwise required by applicable federal law, to combine the assets and liabilities held with respect to any two or more Series or Classes into assets and liabilities held with respect to a single Series or Class and in connection therewith to cause the Shareholders of each such Series or Class to become shareholders of such single Series or Class.

  • IN SERIES The aggregate principal amount of Securities which may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series. There shall be established in or pursuant to a Board Resolution and, subject to Section 303, set forth, or determined in the manner provided, in an Officers' Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series,

  • Issuance of Series of Shares If the Fund shall at any time issue shares in more than one series, this Agreement may be adopted, amended, continued or renewed with respect to a series as provided herein, notwithstanding that such adoption, amendment, continuance or renewal has not been effected with respect to any one or more other series of the Fund.

  • Establishment of Series Subject to the provisions of this Agreement, the Managing Member may, at any time and from time to time and in compliance with paragraph (c), cause the Company to establish in writing (each, a Series Designation) one or more series as such term is used under Section 18-215 of the Delaware Act (each a Series). The Series Designation shall relate solely to the Series established thereby and shall not be construed: (i) to affect the terms and conditions of any other Series, or (ii) to designate, fix or determine the rights, powers, authority, privileges, preferences, duties, responsibilities, liabilities and obligations in respect of Interests associated with any other Series, or the Members associated therewith. The terms and conditions for each Series established pursuant to this Section shall be as set forth in this Agreement and the Series Designation, as applicable, for the Series. Upon approval of any Series Designation by the Managing Member, such Series Designation shall be attached to this Agreement as an Exhibit until such time as none of such Interests of such Series remain Outstanding.

  • Combination of Series or Classes (i) The Board of Trustees shall have the authority, without the approval, vote or consent of the Shareholders of any Series, unless otherwise required by applicable law, to combine the assets and liabilities held with respect to any two or more Series into assets and liabilities held with respect to a single Series; provided that upon completion of such combination of Series, the interest of each Shareholder, in the combined assets and liabilities held with respect to the combined Series shall equal the interest of each such Shareholder in the aggregate of the assets and liabilities held with respect to the Series that were combined. (ii) The Board of Trustees shall have the authority, without the approval, vote or consent of the Shareholders of any Series or Class, unless otherwise required by applicable law, to combine, merge or otherwise consolidate the Shares of two or more Classes of Shares of a Series with and/or into a single Class of Shares of such Series, with such designation, preference, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, terms and conditions of redemption and other characteristics as the Trustees may determine; provided, however, that the Trustees shall provide written notice to the affected Shareholders of any such transaction. (iii) The transactions in (i) and (ii) above may be effected through share-for-share exchanges, transfers or sales of assets, Shareholder in-kind redemptions and purchases, exchange offers, or any other method approved by the Trustees.

  • Elimination of Series At any time that there are no Shares outstanding of a Series (or class), the Trustees may abolish such Series (or class).

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