Asset Interests definition

Asset Interests means (i) the Ownership Interests purchased by the Trust pursuant to the Pooling and Servicing Agreement and one or more Series Purchase Agreements, including, without limitation, undivided co-ownership interests in Receivables originated or acquired by the Seller and its affiliates; and (ii) any other rights, interests and benefits acquired by the Trust pursuant to the Programme Agreements.

Asset Interests means (i) a Series Ownership Interest (including, without limitation, any Asset Interest Enhancement relating thereto), (ii) generally, whole or undivided interests in, or interests in pools of, credit card receivables and related assets originated by an Originator and transferred pursuant to the Pooling and Servicing Agreement or other applicable Securitization Agreement, and (iii) any other rights, interests and benefits acquired by the Trust pursuant to the terms of the Programme Agreements (including, without limitation, any Credit Enhancement Agreements);

Asset Interests means (i) the Ownership Interests purchased by the Trust pursuant to the Pooling and Servicing Agreement and one or more Series Purchase Agreements including, without limitation, undivided co-ownership interests in Receivables originated or acquired by the Originator; and (ii) any other rights, interests and benefits acquired by the Trust pursuant to the terms of the Programme Agreements;

Examples of Asset Interests in a sentence

• Any funds received by way of Related Collections of amounts payable in respect of Related Asset Interests which have been purchased by the Related Credit Enhancer shall, notwithstanding any other provision hereof, be held in trust separate and apart in a segregated account for the benefit of the Related Credit Enhancer and remitted to the Related Credit Enhancer as it may direct as soon as practicable.

• Notwithstanding the foregoing, all money received on account of Related Asset Interests which have been assigned to a Related Credit Enhancer pursuant to a Related Credit Enhancement Agreement shall not be deposited to a Related Collateral Account but shall be remitted by the Trust or the Indenture Trustee to the Related Credit Enhancer entitled thereto.

• With respect to the purchase of Asset Interests in Receivables pursuant to this Agreement, the Administrative Agent, in its capacity as a Purchaser, shall have the same rights and powers under this Agreement as any other Purchaser and may exercise the same as though it were not such an agent, and the terms “Purchaser” and “Purchasers” shall include the Administrative Agent in its capacity as a Purchaser.

• The Administrative Agent shall hold, in its name, on behalf of each Purchaser, the Asset Interests of each Purchased Receivable of such Purchaser.

• The deemed offer by the Administrative Agent to sell and the deemed offer by each Purchaser to purchase such Asset Interests hereunder is irrevocable and unconditional on the part of the Administrative Agent or such Purchaser and shall occur (without any further action by any party) on each Business Day prior to the Termination Date.

More Definitions of Asset Interests

Asset Interests the Asset Interests, the purchase of the Trust of which financed or refinanced by the issuance of such Notes;

Asset Interests means (i) Series (including, without limitation, any Series Enhancement relating thereto), (ii) generally, whole or undivided interests in, or interests in pools of, credit card receivables and related assets originated by an Originator and transferred pursuant to a Securitization Agreement, and (iii) any other rights, interests and benefits acquired by the Trust on or after the date hereof pursuant to the terms of the Programme Agreements (including, without limitation, any Credit Enhancement Agreements);

Asset Interests means whole or undivided percentage interests in, or --------------- interests in pools of, accounts, chattel paper, instruments and general intangibles, which interests are purchased by, or are securing financing by, the Corporation pursuant to Securitization Agreements.

Asset Interests is defined in Section 2.1(a). ---------------

Asset Interests means (i) the assets purchased by the Trust pursuant to the Pooling and Servicing Agreement, one or more Series Co-Ownership Agreements and the related Assignment Agreement, if any; and (ii) any other rights, interests and benefits acquired by the Trust pursuant to the terms of the Programme Agreements.

Asset Interests means whole or undivided percentage interests in, or interests in pools of, (i) rights to the payment of money arising from accounts, intangibles, chattel paper, conditional sales contracts, leases, instruments and securities, mortgages, charges or hypothecs of land or immovable property or of personal or movable property or evidenced in some other manner, including all rights to payment of interest or financing charges with respect thereto and all proceeds thereof which are purchased or otherwise acquired by; (ii) contracts or lease rights evidencing or giving rise to rights described in (i) which are purchased or otherwise acquired by; (iii) securities collateralized by or securities evidencing interests (whether undivided or otherwise) in, rights described in (i) which are purchased or otherwise acquired by; and (iv) loans or other obligations secured by rights described above (together with such security) and unsecured loans or other obligations extended by or in favour of, the Trust pursuant to Securitization Agreements and further includes, without limitation, all security (including, without limitation, cash collateral and policies of insurance) and guarantees of or held by any Person pertaining to the assets of, or other rights against, such Person or any other Person which the Trust has purchased or otherwise acquired in connection with any of the foregoing and all Reserves;

Asset Interests the Asset Interests the purchase or other acquisition by the Trust, or creation, of which is financed or refinanced, in whole or in part, by the issuance of such Notes;