Asset Series definition

Asset Series means all Asset Pools purchased with loans in a “Loan Series”, as that term is used and defined in the Credit Agreement.
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Asset Series shall have the meaning given in Section 2.1(d).
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Examples of Asset Series in a sentence

  • Initial Capital Returns shall accrue on the outstanding balance of a Member’s Capital Contribution with respect to an Asset Series, commencing on the date on which the Member makes such a Capital Contribution, and shall be payable in arrears on the next date with respect to which Asset Series Proceeds from the related Asset Series are available for payment thereof, in accordance with the foregoing.

  • The Managers shall provide to the Members, not later than fifteen (15) days prior to the end of each quarter of each Fiscal Year, a report setting forth, by Asset Series, the projected Asset Series Proceeds and internal rate of return for such Asset Series for such period, and in such format, as the Members shall approve.

  • Upon termination of this Servicing Agreement pursuant to Section 6.4, the Servicer shall not be entitled to any Servicing Fee with respect to any Asset Series after the date of such termination.

  • Upon termination of this Servicing Agreement with respect to a given Asset Series, the Servicer shall promptly deliver and/or use commercially reasonable efforts to cause to be delivered to the replacement servicer all books and records that the Servicer and/or any subservicer has maintained with respect to such Asset Series, including, without limitation, all Asset Documents then in the possession of the Servicer or any subservicer related to such Asset Series.

  • The Lender will make its determinations as to distributions in accordance with Section 2.8. In no event shall any Asset Series Proceeds be withdrawn from any Collateral Account without the prior written consent of the Lender as to each such withdrawal or transfer.

  • The Servicer agrees that neither the Borrower nor the Lender shall be liable for any costs, expenses or disbursements which may be incurred or made in connection with servicing of any Asset Series, or any action which may be taken by the Servicer to collect such costs, expenses or disbursements.

  • Each Collateral Account shall be an interest bearing account and all interest earned on amounts on deposit therein shall constitute, and be treated as, Asset Series Proceeds collected with respect to the applicable Asset Series.

  • Any Asset Proceeds received by the Servicer with respect to an Asset Series no longer serviced by the Servicer hereunder after removal of such servicing responsibilities shall be remitted by the Servicer directly and immediately to the Collateral Agent for deposit to the applicable Collateral Account.

  • Upon termination of this Servicing Agreement, the Servicer shall promptly deliver and/or use commercially reasonable efforts to cause to be delivered to the replacement servicer all books and records that the Servicer and/or any subservicer has maintained with respect to all Asset Series, including, without limitation, all Asset Documents then in the possession of the Servicer or any subservicer.

  • Upon any removal of the Servicer with respect to an Asset Series, the Servicer shall join in, and the Servicer shall cause each subservicer to join in, any written notice to affected Obligors of the transfer of the servicing to such replacement servicer.

Related to Asset Series

  • CF Shadow Series means a series of Capital Stock that is identical in all respects to the shares of Capital Stock (whether Preferred Stock or another class issued by the Company) issued in the relevant Equity Financing (e.g., if the Company sells Series A Preferred Stock in an Equity Financing, the Shadow Series would be Series A-CF Preferred Stock), except that:

  • Asset Backed Notes (the “Class A-1 Notes”), “Class A-2 1.19% Asset Backed Notes” (the “Class A-2 Notes”), “Class A-3 1.55% Asset Backed Notes” (the “Class A-3 Notes”), “Class B 2.45% Asset Backed Notes” (the “Class B Notes”), “Class C 3.44% Asset Backed Notes” (the “Class C Notes”), “Class D 5.05% Asset Backed Notes” (the “Class D Notes”) and “Class E 6.76% Asset Backed Notes” (the “Class E Notes”) (the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes, the “Notes”). This Certificate is issued under and is subject to the terms, provisions and conditions of the Trust Agreement, to which Trust Agreement the holder of this Certificate by virtue of the acceptance hereof assents and by which such holder is bound. The property of the Trust includes a pool of retail installment sale contracts secured by new and used automobiles, vans or light duty trucks (the “Receivables”), all monies due thereunder on or after the Cutoff Date, security interests in the vehicles financed thereby, certain bank accounts and the proceeds thereof, proceeds from claims on certain insurance policies and certain other rights under the Trust Agreement and the Sale and Servicing Agreement, all right, title and interest of the Seller in and to the Purchase Agreement dated as of October 26, 2011 between AmeriCredit Financial Services, Inc. and the Seller and all proceeds of the foregoing. The holder of this Certificate acknowledges and agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Sale and Servicing Agreement, the Indenture and the Trust Agreement, as applicable. Distributions on this Certificate will be made as provided in the Trust Agreement or any other Basic Document by wire transfer or check mailed to the Certificateholder without the presentation or surrender of this Certificate or the making of any notation hereon. Except as otherwise provided in the Trust Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Servicer on behalf of the Owner Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency maintained for the purpose by the Owner Trustee in the Corporate Trust Office. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Owner Trustee, by manual signature, this Certificate shall not entitle the holder hereof to any benefit under the Trust Agreement or the Sale and Servicing Agreement or be valid for any purpose. THIS CERTIFICATE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

  • Refinancing Series means all Refinancing Term Loans or Refinancing Term Commitments that are established pursuant to the same Refinancing Amendment (or any subsequent Refinancing Amendment to the extent such Refinancing Amendment expressly provides that the Refinancing Term Loans or Refinancing Term Commitments provided for therein are intended to be a part of any previously established Refinancing Series) and that provide for the same Effective Yield and amortization schedule.

  • Additional Series or “Additional Series Equipment Notes” means Equipment Notes issued under the Indenture and designated as a Series (other than “Series A” or “Series B”) thereunder in the principal amounts and maturities and bearing interest as specified in Schedule I to the Indenture amended at the time of original issuance of such Additional Series under the heading for such Series.

  • Asset-Backed Securities (ABSs) means debt instruments that are backed by a pool of ring fenced financial assets (fixed or revolving), that convert into cash within a finite time period. In addition, rights or other assets may exist that ensure the servicing or timely distribution of proceeds to the holders of the security. Generally, asset-backed securities are issued by a specially created investment vehicle which has acquired the pool of financial assets from the originator or seller. In this regard, payments on the asset-backed securities depend primarily on the cash flows generated by the assets in the underlying pool and other rights designed to assure timely payment, such as liquidity facilities, guarantees or other features generally known as credit enhancements;