Examples of WARCO in a sentence
Pursuant to Section 18-214 of the Act, the existence of the Company shall constitute a continuation of the existence of WARCO in the form of a Delaware limited liability company and, for all purposes of the laws of the State of Delaware, the Company shall be deemed to be the same entity as WARCO.
Effective as of the Conversion of WARCO to the Company, GMAC LLC is hereby automatically admitted as the Member.
This Agreement create a valid and continuing security interest (as defined in the applicable UCC) in the property described in clauses (a) and (b) of Section 2.01 of the Pooling and Servicing Agreement (the “Trust Assets”) in favor of the Trust which security interest is prior to all other Liens, and is enforceable as such against creditors and purchasers from WARCO.
WARCO: Wholesale Auto Receivables Corporation, a Delaware corporation and a wholly-owned subsidiary of GMAC.