Adverse Selection Procedure definition

Adverse Selection Procedure means any method of selecting or identifying a Contract eligible to be included in the Trust Estate, other than in accordance with the Transaction Documents, that materially and adversely affects the representative nature of the sample of Contracts so selected.
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Adverse Selection Procedure means any method of selecting or identifying a Receivable eligible to be included in the Collateral, other than in accordance with the Transaction Documents, that materially and adversely affects the representative nature of the sample of Receivables so selected.
Sample 1Sample 2
Adverse Selection Procedure means any method of selecting or identifying Lease Contracts eligible to be included in the Collateral for inclusion therein, other than as outlined in the Commitment, that materially and adversely affects the representative nature of the sample of Lease Contracts so selected and decreases the probability that the Indenture Trustee will receive an uninterrupted flow of payments of principal and interest under the Lease Contracts.
Sample 1

Examples of Adverse Selection Procedure in a sentence

  • The Servicer, the Seller and the Depositor will not use any Adverse Selection Procedure in selecting Contracts to be transferred to the Indenture Trustee from the outstanding contracts that qualify under the Sale and Allocation Agreement for inclusion in the Trust.

  • The Transferor and the Seller will not use any Adverse Selection Procedure in selecting the Receivables that qualify under the Security Agreement for inclusion as Collateral.

  • The Company and the Transferor will not use any Adverse Selection Procedure in selecting the Lease Contracts to be pledged to the Trustee from the outstanding Lease Contracts that qualify under the Trust and Security Agreement for inclusion in the Trust Property.

  • The Company and the Issuer will not use any Adverse Selection Procedure in selecting the Lease Contracts to be pledged to the Indenture Trustee from the outstanding Lease Contracts that qualify under the Indenture for inclusion in the Collateral.

Related to Adverse Selection Procedure

  • Random selection process means a process by which currently income-eligible households are selected for placement in affordable housing units such that no preference is given to one applicant over another except for purposes of matching household income and size with an appropriately priced and sized affordable unit (e.g., by lottery).

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • AML/KYC Procedures means the customer due diligence procedures of a Reporting Finnish Financial Institution pursuant to the anti-money laundering or similar requirements of Finland to which such Reporting Finnish Financial Institution is subject.

  • Operation Procedures means the procedures contained in Annexure A hereto which the Contractor is obliged to follow when performing work on behalf of the company

  • Complaints Procedure means the School's procedure for handling complaints from parents, as amended from time to time for legal or other substantive reasons, or in order to assist the proper administration of the School. It does not form part of the contract between you and the School. A copy of the most up-to-date procedure is on the School's website and is otherwise available from the School at any time upon request;

  • Day Case Procedure means a Medically Necessary surgical procedure for investigation or treatment to the Insured Person performed in a medical clinic, or day case procedure centre or Hospital with facilities for recovery as a Day Patient.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Staff Vetting Procedure means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • Reconciliation Procedures means those procedures set forth in Section 7.09 of this Agreement.

  • Grievance Procedure is used in this Agreement, it shall be considered as including the arbitration procedure.

  • Automatic Route Selection (“ARS”) is a service feature associated with a specific grouping of lines that provides for automatic selection of the least expensive or most appropriate transmission facility for each call based on criteria programmed into the system.

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • Variation Procedure means the procedure for carrying out a Variation as set out in Clause 19.1 (Variation Procedure);

  • MERS Procedures Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

  • Staff Vetting Procedures means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.

  • E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;

  • Settlement Procedures Timetable For offers to purchase Certificated Notes accepted by the Company, Settlement Procedures A through F set forth above shall be completed as soon as possible following the trade but not later than the respective times (New York City time) set forth below: Settlement Procedure Time ---------- ----

  • Dispute Resolution Procedure means the procedure for resolving disputes as set out in Clause 17 (Dispute Resolution);

  • Random selection basis means a mechanism for selection of employees that:

  • Application Process means the online application process under which the Applicant applies for Hospitality Packages on the Webshop.

  • customs procedures means the treatment applied by the customs administration of each Party to goods which are subject to customs control.

  • MERS Procedure Manual The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • Delinquency Collection Policies and Procedures The delinquency collection policies and procedures of the Interim Servicer, a copy of which is attached to the Interim Servicing Agreement as Exhibit 11.

  • Change Control Procedure has the meaning set out at Clause 28.1;

  • NZOC Nomination and Selection Regulation means the regulation of NZOC relation to the nomination and selection Process for all Olympic and Commonwealth games, including the Games.