Examples of Auto Portfolio Purchase Agreement in a sentence
In accordance with the terms of the Auto Portfolio Purchase Agreement, in certain circumstances the receipt by the Purchaser of a Deemed Collection will result in the relevant Purchased HP Contract being automatically re-assigned to the Seller on the next Payment Date following the payment of the Deemed Collection.
The fee shall be paid at the time of notification.(b) Notice under this subsection is sufficient if it is deposited in the mail, first class, to the owner or entity filing the foreclosure action.
The amount of Collections received by the Issuer under the Auto Portfolio Purchase Agreement will vary during the life of the Notes as a result of the level of delinquencies, defaults, repayments and prepayments in respect of, inter alia, the Purchased Auto Loans.
Transaction Documents The Auto Portfolio Purchase Agreement, the ServicingAgreement, the Norwegian Security Agreement, the Irish Security Deed, the Security Trust Deed, the Cross Currency Swap Agreement, the Corporate Administration Agreement, the Transaction Account Agreement, the Issuer Collections Account Agreement, the Note Trust Deed, the Agency Agreement, the Subscription Agreement, the Custody Agreement and any amendments, supplements, terminations or replacements relating to any such documents.
The Issuer will use amounts received in respect of the Transaction Cost Fee under the Auto Portfolio Purchase Agreement exclusively to pay principal of and interest on the Expenses Loan.
Deferred Purchase Price On each Payment Date, the Available Distribution Amount remaining, if any, after the application thereof in accordance with the applicable Priority of Payments shall be paid to the Seller as deferred purchase price payable by the Issuer pursuant to the Auto Portfolio Purchase Agreement in accordance with and subject to the Pre-Enforcement Priority of Payments.
The Auto Portfolio Purchase Agreement, the Corporate Administration Agreement and the Irish Security Deed will be governed by, and construed in accordance with, Irish law.
The Purchaser will apply the proceeds of the Loan to pay the Seller for the Initial Portfolio which the Seller will sell and assign to the Purchaser on the Note Issuance Date pursuant to a purchase agreement entered into between, among others, the Purchaser and the Seller (the "Auto Portfolio Purchase Agreement" ).Interest The amount of interest payable to the Issuer in respect of each Tranche on each Payment Date will be calculated by the Servicer and/or the Cash Administrator, as applicable.
Deemed Collections Pursuant to the Auto Portfolio Purchase Agreement, the Seller hasundertaken to pay to the Purchaser (or to its order) as a Deemed Collection the Outstanding Principal Amount (or the affected portion thereof) of any Purchased HP Contract (plus accrued and unpaid interest) if such Purchased HP Contract becomes a Disputed HP Contract, such PurchasedHP Contract is rescheduled or modified other than in accordance with the Servicing Agreement or certain other events occur.
The Expenses Advance will be repaid in twenty four (24) monthly instalments (to be adjusted for any pre-payment or additional advances in accordance with the Auto Portfolio Purchase Agreement) falling due on Payment Dates in accordance with the Priorities of Payment and the Transaction Documents, provided that any part of a scheduled instalment not paid in full on any Payment Date shall be carried over to the next following Payment Date.