USAGE AND DEFINITIONS 1 Clause Samples
The "Usage and Definitions" clause establishes the specific meanings of key terms and phrases used throughout the agreement. It typically lists important words or expressions and provides precise definitions to ensure all parties interpret them consistently. For example, it may clarify what is meant by terms like "services," "deliverables," or "confidential information" as they appear in the contract. This clause is essential for preventing misunderstandings and disputes by ensuring that contractual language is clear and unambiguous.
USAGE AND DEFINITIONS 1. Section 1.1 Usage and Definitions 1 Section 1.2 Incorporation by Reference of Trust Indenture Act 17 ARTICLE II THE NOTES 17 Section 2.1 Form of Notes 17 Section 2.2 Execution, Authentication and Delivery 17 Section 2.3 Tax Treatment 18 Section 2.4 Note Register 18 Section 2.5 Registration of Transfer and Exchange 19 Section 2.6 [Reserved] 20 Section 2.7 Mutilated, Destroyed, Lost or Stolen Notes 20 Section 2.8 Persons Deemed Owners 21 Section 2.9 Payments on Notes 21 Section 2.10 Cancellation of Notes 22 Section 2.11 Release of Series 2023-2 Collateral 22 Section 2.12 Book-Entry Notes 23 Section 2.13 Definitive Notes 23 Section 2.14 Authenticating Agents 24 Section 2.15 Note Paying Agents 24 ARTICLE III COVENANTS, REPRESENTATIONS AND WARRANTIES 25 Section 3.1 Payment of Principal, Interest and Other Amounts 25 Section 3.2 Maintenance of Office or Agency 25 Section 3.3 Money for Payments To Be Held in Trust 25 Section 3.4 Existence 27 Section 3.5 Protection of Collateral 27 Section 3.6 Performance of Obligations 28 Section 3.7 Negative Covenants 28 Section 3.8 Opinions on Collateral 29 Section 3.9 Annual Certificate of Compliance 29 Section 3.10 Successor or Transferee 29 Section 3.11 Further Acts and Documents 30 Section 3.12 Review of Trust’s Records 30 Section 3.13 Trust’s Representations and Warranties 30
USAGE AND DEFINITIONS 1. Usage and Definitions Capitalized terms used but not otherwise defined in this Agreement are defined in Appendix A to the Sale and Servicing Agreement 1