Examples of CIT Funding in a sentence
All terms used in this Note that are defined in the Pooling and Servicing Agreement dated as of October 1, 2006 by and among CIT Funding Company, LLC, CIT Financial USA, Inc., and the Issuer (the “Pooling and Servicing Agreement”) shall have the meanings assigned to them therein.
All terms used in this Note that are defined in the Pooling and Servicing Agreement dated as of April 1, 2008 by and among CIT Funding Company, LLC, CIT Financial USA, Inc., and the Issuer (the “Pooling and Servicing Agreement”) shall have the meanings assigned to them therein.
All terms used in this Note that are defined in the Pooling and Servicing Agreement dated as of February 1, 2005 by and among CIT Financial USA, Inc., CIT Funding Company, LLC and the Issuer (the "Pooling and Servicing Agreement") shall have the meanings assigned to them therein.
All terms used in this Note that are defined in the Pooling and Servicing Agreement dated as of February 1, 2006 by and among CIT Funding Company, LLC, CIT Financial USA, Inc., and the Issuer (the “Pooling and Servicing Agreement”) shall have the meanings assigned to them therein.
Designation of Restricted and Unrestricted Subsidiaries The Board of Directors of CIT may designate any Restricted Subsidiary other than CIT Funding to be an Unrestricted Subsidiary if that designation would not cause a Default.
See “— Repurchase at the Option of Holders — Asset Sales.” Notwithstanding anything to the contrary herein, CIT Funding will not, and CIT will not permit CIT Funding to, consolidate or merge with or into any other Person.
Anything to the contrary notwithstanding, at no time shall CIT Funding engage in any business activities other than owning intercompany receivables from CIT Financial Ltd.
As a result of the subordination provisions described above, in the event of a bankruptcy, liquidation or reorganization of CIT or CIT Funding, holders of notes may recover less ratably than creditors of CIT or CIT Funding who are holders of Senior Debt.
As a result of the obligation to deliver amounts received in trust to holders of Senior Debt, holders of notes may recover less ratably than trade creditors of CIT or CIT Funding.
Notwithstanding anything to the contrary, CIT Funding shall not be permitted to incur any Indebtedness other than Series B notes and the Guarantee under the Credit Agreement.