Asta Funding definition

Asta Funding means Asta Funding, Inc.
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Asta Funding means Asta Funding, Inc., a Delaware corporation, and its successors and assigns.
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Asta Funding has the meaning set forth in the preamble; or its permitted successors or assigns.
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Examples of Asta Funding in a sentence

  • The Seller has caused each certificate of title (or copy of an application for title), or such other document delivered by the State title registration agency evidencing the security interest in each Financed Vehicle, to be delivered to the Custodian pursuant to Section 3.6 hereof, together with a power of attorney, duly executed by Asta Funding in favor of the Trustee, which powers of attorney are sufficient to change the lien holder on the certificate of title with respect to a Financed Vehicle.

  • In the event, however, that notwithstanding the intent of Asta Funding, the Seller and the Trustee, the transfer hereunder is held not to be a sale, this Agreement shall constitute a grant of a security interest in the property described in Section 3.1 to the Trustee on behalf of the Trust for the benefit of the Certificateholders.

  • With respect to each Receivable for which the title document has not yet been returned from the Registrar of Titles, Asta Funding has received written evidence from the related Dealer that such title document showing Asta Funding as first lienholder has been applied for.

  • The Trustee's Certificate submitted with respect to such Distribution Date shall operate, as of such Distribution Date, as an assignment, without recourse, representation or warranty, to Asta Funding or the Servicer, as the case may be, of all the Trustee's right, title and interest in and to such repurchased Receivable, and all security and documents relating thereto, such assignment being an assignment outright and not for security.

  • With respect to Receivables for which the original retail installment sale contract and, with respect to any Receivables File that does not contain an original certificate of title, a copy of the application for a certificate of title have not been delivered to the Custodian in accordance with this Section 3.6(a), the Seller shall cause Asta Funding to deliver the missing documents within seven (7) Business Days of receipt of such notice or repurchase such Receivables pursuant to Section 3.5 hereof.

  • If within one (1) year after the second notice all the Certificates shall not have been surrendered for cancellation, the Trustee shall take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining Certificateholders concerning surrender of their Certificates, and the cost thereof shall be paid out of the funds and other assets that shall remain subject to this Agreement or if none from Asta Funding.

  • In consideration of the purchase of the Receivable, Asta Funding shall remit the Purchase Amount, in the manner specified in Section 5.4. For the purposes of this Section 3.5, the Purchase Amount of a Receivable that is not consistent with the warranty pursuant to Section 3.4(i)(D) shall include such additional amount as shall be necessary to provide the full amount of interest as contemplated therein.

  • For purposes of computing net loss of Asta Funding and its Subsidiaries, the net income of any Non-Credit Party Affiliate (to the extent such net income is greater than zero) shall be excluded from such computation.

  • Each Receivable has been originated in accordance with the applicable Underwriting Guidelines of Asta Funding in effect at the time of origination.

  • The Servicer or Asta Funding, as the case may be, shall deposit or cause to be deposited in the Collection Account the aggregate Purchase Amount with respect to Purchased Receivables and the Servicer shall deposit therein all amounts to be paid under Section 11.2. All such deposits shall be made, in immediately available funds, on the Business Day preceding the Distribution Date.


More Definitions of Asta Funding

Asta Funding means Asta Funding, Inc. 1.14. "Auto Contract" means any agreement or contract or other evidence of debt executed by a borrower and/or lessee in connection with an Auto Loan and any amendments thereto. 1.15. "Auto Loan" means all automobile loans presently and hereafter owned, set forth in a written report or in computer discs, from time to time, delivered to Lender, which computer discs shall be in the current format or any other format acceptable to Lender, together with each Auto Contract, chattel paper, instrument, document, general intangible, guarantee and all collateral security held with respect to such loans. 1.16. "Banking Day" means any day on which Lender is open for business. 1.17. "Books and Records" means all records, in any format whatsoever and the computer software, programs and access codes, relating to each Consumer Loan and the Collateral. 1.18. "Borrower" means Asta II and Palisades. 1.19. "Borrowing Base" means at the date of each Advance Request and/or Borrowing Base Certificate, without duplication, an amount equal to the lesser of (i) the sum of (a)50% of then existing Eligible Accounts, and (b) 50% of the Accounts which are part of a particular (i) proposed Small Portfolio or (ii) Portfolio Proposal approved by Lender and which Accounts would be considered Eligible Accounts if said Accounts were owned by Borrower and upon which the Lender had been granted a first and prior perfected security interest by the Debtors, but in no event more than the Portfolio Acquisition Cost, and (ii) the Advance Ratio. 1.20. "Borrowing Base Certificate" means the certificate in the form of Exhibit A annexed hereto, completed and signed by an officer of Borrower and delivered to Lender with each Advance Request and not later than fifteen (15) days after the last day of each month, with respect to the prior month. 1.21. "Chattel Paper" shall have the meaning given such term in the UCC. 1.22. "Closing Date" means the date on which all of the conditions precedent set forth in Section 11 hereof have been complied with to the sole satisfaction of Lender. 1.23. "Collateral" means (a) each Debtor's (other than Asta Funding's) present and future Accounts, Chattel Paper, Payment Intangibles and Collections, together with all of each Debtor's respective right, title and interest in and to all (i) Consumer Loans, (ii) all rights, claims, action and/or causes of action under any of the Consumer Loans, (iii) all Books and Records, (iv) all lawsuits (including, c...
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Asta Funding means Asta Funding, Inc. 1.13. "Auto Contract" means any agreement or contract or other evidence of debt executed by an Account Debtor in connection with an Auto Loan and any amendments thereto.
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Related to Asta Funding

  • Initial Funding means the funding of the initial Loans or issuance of the initial Letters of Credit upon satisfaction of the conditions set forth in Sections 6.01 and 6.

  • Match funding or “match share” means cash or in-kind (non-cash) contributions provided by the Applicant/Recipient, subcontractors, or other parties that will be used in performance of the proposed project. Match share percentage is calculated by dividing the total match share contributions by the total allowable project cost. “Total allowable project cost” is the sum of the CEC’s reimbursable share and Recipient’s match share of the project costs. Match share expenditures have the following requirements:

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • student loan means a loan towards a student’s maintenance pursuant to any regulations made under section 22 of the Teaching and Higher Education Act 1998, section 73 of the Education (Scotland) Act 1980 or Article 3 of the Education (Student Support) (Northern Ireland) Order 1998 and includes, in Scotland, a young student’s bursary paid under regulation 4(1)(c) of the Students’ Allowances (Scotland) Regulations 2007.

  • Additional Funding has the meaning prescribed to that term in clause 4.3 of this Agreement.

  • Funding means the amounts of money provided by the LHIN to the HSP in each Funding Year of this Agreement;

  • Initial Funding Date means the Funding Date on which the first Loan is made pursuant to this Agreement, as specified in the Initial Borrower Funding Request.

  • Project Funding means the funding for the Services;

  • Finance Company means any Finance Company or other lender with whom You have agreed a Loan or credit agreement through the Supplying Outlet.

  • CDO shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Student Loans means education loans to students and parents of students under the Federal Family Education Loan Program.

  • Pre-Funding Period means the period beginning on the Closing Date and ending on the earliest of (a) the date on which the amount on deposit in the Pre-Funding Account is less than $10,000, (b) the Funding Termination Date or (c) the date on which an Event of Termination occurs.

  • Income trust means a trust that is not a unitrust.

  • PEBB means the public employees benefits board.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • National City National City Mortgage Co., or any successor thereto.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Supplemental Interest Trust The corpus of a trust created pursuant to Section 5.07 of this Agreement and designated as the “Supplemental Interest Trust,” consisting of the Swap Agreement, the Swap Account, the Interest Rate Cap Agreement, the Interest Rate Cap Account, the right to receive the Class X Distributable Amount as provided in Section 5.02(f)(vi), the Class LT4-I interest in REMIC 4 and the right to receive Class I Shortfalls.

  • Capital One means Capital One, National Association.

  • Trust Student Loan means any student loan that is listed on the Schedule of Trust Student Loans on the Closing Date, plus any Additional Loan, plus any Substituted Loan that is permissibly substituted for a Trust Student Loan by the Depositor pursuant to Section 6(B) of the Sale Agreement or pursuant to Section 6(B) of an Additional Sale Agreement, or by the Servicer pursuant to Section 3.5 of the Servicing Agreement, but shall not include any Purchased Loan following receipt by or on behalf of the Trust of the Purchase Amount with respect thereto or any Liquidated Student Loan following receipt by or on behalf of the Trust of Liquidation Proceeds with respect thereto or following such Liquidated Student Loan having otherwise been written off by the Servicer.

  • Renewable energy means energy derived from sunlight, wind, falling water, biomass, sustainable or

  • Sales finance company means that term as defined in section 2 of the motor vehicle sales finance act, MCL 492.102.