ABS Collateral definition

ABS Collateral all property and assets that are pledged under any ABS Document or any document delivered pursuant thereto, provided that "ABS Collateral" shall include property and assets pledged under any ABS Document after any amendment to the same only to the extent such property and assets are, or are of the same general type as, property and assets pledged on the Closing Date.
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ABS Collateral means, in respect of a Series of Notes, the Asset Backed Securities meeting the ABS Eligibility Criteria;
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Examples of ABS Collateral in a sentence

  • Failure to deliver a Sales Confirmation with respect to any Expected ABS Collateral shall result in such assets being ineligible for inclusion in the Collateral.

  • The Servicer shall also enforce all rights of the Borrower under the Purchase Agreement, each ABS Collateral Conveyance Agreement and each Transfer Agreement including the right to require Santander Consumer to repurchase ABS Assets or Receivables for breaches of representations and warranties made by Santander Consumer.

  • The terms and conditions set forth in any Collateral Consent or ABS Collateral Conveyance Agreement shall be deemed an amendment to this Agreement to the extent set forth therein.

  • Triple B Margin: Except as may otherwise be provided for in a Collateral Consent or an ABS Collateral Conveyance Agreement or as may be requested by the Borrower and agreed to by the Lenders in writing or as may be modified pursuant to the Repricing Principles, for any day during: (i) a Tier 1 Leverage Ratio Period, 1.50% per annum; (ii) a Tier 2 Leverage Ratio Period, 2.50% per annum; (iii) a Tier 3 Leverage Ratio Period, 3.75% per annum; or (iv) a Tier 4 Leverage Ratio Period, 4.25% per annum.

  • The Borrower will not account for or treat (whether in the Borrower’s financial statements or otherwise) the transactions contemplated by the Purchase Agreement, the Transfer Agreements or the ABS Collateral Conveyance Agreements in any manner other than as the sale, or absolute assignment, of the Receivables, the ABS Assets and related assets by Santander Consumer to the Borrower.

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  • Servicing Fee Rate: Except as may otherwise be provided for in an ABS Collateral Conveyance Agreement or as may be requested by the Borrower and agreed to by the Lenders in writing, $0.00 per month.

  • Retained Subordinate ABS Advance Rate: Except as may otherwise be provided for in a Collateral Consent or an ABS Collateral Conveyance Agreement, 95%.

  • Without the prior written consent of the Deal Agent, the Borrower will not amend, modify, waive or terminate any provision of its Formation Documents, any ABS Collateral Conveyance Agreement, any Transfer Agreement or the Purchase Agreement.

  • Single B Margin: Except as may otherwise be provided for in a Collateral Consent or an ABS Collateral Conveyance Agreement or as may be requested by the Borrower and agreed to by the Lenders in writing or as may be modified pursuant to the Repricing Principles, for any day during: (i) a Tier 1 Leverage Ratio Period, 1.95% per annum; (ii) a Tier 2 Leverage Ratio Period, 2.95% per annum; (iii) a Tier 3 Leverage Ratio Period, 4.20% per annum; or (iv) a Tier 4 Leverage Ratio Period, 4.70% per annum.

Related to ABS Collateral

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • UCC Collateral is defined in Section 3.03.

  • Receivables Collateral That portion of the Collateral which consists of Accounts, Accounts Receivable, General Intangibles, Chattel Paper, Instruments, Documents of Title, Documents, Investment Property, Payment Intangibles, Letter-of-Credit Rights, bankers' acceptances, and all other rights to payment.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Notes Collateral means the portion of the Collateral as to which the First Lien Notes Secured Parties have a first-priority security interest subject to certain Permitted Liens.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Notes Collateral Agent means such successor collateral agent, and the retiring Notes Collateral Agent’s appointment, powers and duties as the Notes Collateral Agent shall be terminated. After the retiring Notes Collateral Agent’s resignation hereunder, the provisions of this Section 12.08 (and Section 7.07) shall continue to inure to its benefit and the retiring Notes Collateral Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Notes Collateral Agent under this Indenture.

  • Securities Collateral means, collectively, the Pledged Securities, the Intercompany Notes and the Distributions.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any security agreement, pledge agreement, assignment, mortgage, deed of trust or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.