Approved Party definition

Approved Party means a party specified as an “Approved Party” on the list of Approved Parties provided by Santander Consumer to ▇▇▇▇▇▇▇.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Approved Party means: (i) Affiliates; (ii) parents (including step-parents and adoptive parents) and children (including step-children, adopted children and children of the half-blood); (iii) partners or retired partners of a partnership, or members or retired members in a limited liability company; or (iv) Persons to whom an Assignment is made with the prior written approval of the Company. The Company’s approval shall not be unreasonably withheld, provided that, it may refuse such approval if the proposed assignee is reasonably believed by the Company to be a competitor of the Company.

Approved Party. As defined in Section 2.10.

Examples of Approved Party in a sentence

• This Warrant shall be binding upon and inure to the benefit of any and all successors and assigns of the Holder and the Company; provided, however, that no Assignment (as defined below) may be made by the Holder except for an Assignment to an Approved Party (as defined below).

• Any Approved Party shall be onboarded in accordance with and subject to the provisions in Section 2.3(f) of this Agreement.

• The Owner/Servicer shall be reasonable with respect to any requests to change any Approved Party or Critical REO Disposition Vendor.

• This Warrant shall be binding upon and inure to the benefit of any and all successors and assigns of the Holder and the Company; PROVIDED, HOWEVER, that no Assignment may be made by the Holder hereof except for an Assignment to an Approved Party (as defined below).

• Any Approved Party, Substitute Vendor, backup servicer [***] shall be subjected to Subservicer’s usual and customary vendor onboarding process (consistent with its practices prior to the Original Closing Date or improvements that Subservicer makes to such process on a platform-wide basis).

More Definitions of Approved Party

Approved Party means: (i) Affiliates; (ii) parents (including step-parents and adoptive parents) and children (including step-children, adopted children and children of the half-blood); (iii) partners or retired partners of a partnership, or members or retired members in a limited liability company; or (iv) Persons to whom an Assignment is made with the prior written approval of the Company. The Company's approval shall not be unreasonably withheld, provided that it may refuse such approval if the proposed assignee is reasonably believed by the Company to be a competitor of the Company.

Approved Party means any Person that becomes a Member and its representatives and Affiliates.

Approved Party means a party specified as an “Approved Party” on the list of Approved Parties provided by Capital One to [ ].

Approved Party means any person listed on Exhibit B attached hereto and any Affiliate of such person. For purposes of the immediately preceding sentence, “Affiliate” of any specified person means any other person or entity which, directly or indirectly, through one or more intermediaries, controls, or is controlled by, or is under direct or indirect common control with such specified person or entity. For purposes of this definition “control” when used with respect to any person or entity means the right to direct the management or operations of such person or entity, directly or indirectly, whether through the ownership (directly or indirectly) of securities, by contract or otherwise, and the terms “controlling” and “controlled” have meanings correlative to the foregoing. Additional persons may be added to Exhibit B upon the written request of Executive and the prior written approval of the Board, which approval may be granted or withheld in the Board’s sole discretion.

Approved Party means (i) any person who, to the best of the relevant Participating Creditor’s knowledge and belief, is not an Eligible Bidder, and (ii) in relation to a particular Participating Creditor, a person in which such Participating Creditor, or one of its Affiliates, has a legal, beneficial and/or economic interest;

Approved Party means an entity that (i) is rated at least investment grade by S&P and Moody’s, or (ii) has a consolidated Tangible Net Worth not less than the greater of 8.5% of its Managed Assets and $400,000,000.

Approved Party. As defined in Section 2.10. Approved Third-Party Appraisers: The following parties and any other residential mortgage servicing appraisal service provider agreed upon by Owner/Servicer and the Subservicer as an “Approved Third-Party Appraiser” for purposes of this Agreement: [***], or any successors thereto, unless either party hereto provides written notice to the other party of its disapproval of such successor.