Core Purchased Assets definition

Core Purchased Assets. All Purchased Assets that as of the Purchase Date therefor, consist either of eligible Whole Loans or eligible Senior Interests that are, in each case, directly or indirectly secured by Liens on underlying Mortgaged Properties that, as of the Purchase Date therefor, (a) satisfy the LTV Test applicable to Core Purchased Assets of the applicable Type, and (b) generate a Debt Yield that is equal to or greater than the Debt Yield Purchase Threshold applicable to Core Purchased Assets of the applicable type, and as indicated as such on the related Confirmation.
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Core Purchased Assets. The meaning set forth in the Fee Letter, which definition is incorporated by reference herein.
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Core Purchased Assets. The meaning set forth in the Fee Letter, which definition is incorporated by reference herein. “Credit Event”: The meaning set forth in the Fee Letter, which definition is incorporated by reference herein. “Current Xxxx-to-Market Value”: For any Purchased Asset as of any date, the market value for such Purchased Asset as of such date as determined by Buyer in its sole discretion. “Custodial Agreement”: The Custodial Agreement, dated as of the date hereof, among Buyer, Seller and Custodian, as the same may be amended, modified, waived, supplemented, extended, replaced or restated from time to time. “Custodian”: Xxxxx Fargo Bank, National Association, or any successor permitted by the Custodial Agreement. “Debt Yield”: The meaning set forth in the Fee Letter, which definition is incorporated herein by reference. “Default”: Any event that, with the giving of notice or the lapse of time, or both, would become an Event of Default. “Default Rate”: As of any date, the Pricing Rate in effect on such date plus 500 basis points (5.00%). “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. “Defaulted Asset”: Any Asset or Purchased Asset and, in the case of any Senior Interest, any related Whole Loan, as applicable, (a) that is thirty (30) or more days (or, in the case of payments due at maturity, one (1) day) delinquent in the payment of principal, interest, fees, distributions or any other amounts payable under the related Purchased Asset Documents, in each case, without regard to any waivers or modifications of, or amendments to, the related Purchased Asset Documents, other than those that were disclosed in writing to Buyer prior to the Purchase Date of the related Purchased Asset, unless consented to by Buyer in accordance with
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More Definitions of Core Purchased Assets

Core Purchased Assets. All Purchased Assets that as of the Purchase Date therefor, consist either of eligible Whole Loans or eligible Senior Interests.
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Core Purchased Assets. All Purchased Assets other than Flex Purchased Assets.
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Related to Core Purchased Assets

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Sold Assets has the meaning set forth in Section 2.01(b).

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Purchased Asset Documents means, with respect to a Purchased Asset, the documents comprising the Purchased Asset File for such Purchased Asset.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Subject Assets is defined in Section 2.2(c).

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Specified Assets the following property and assets of such Grantor:

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Receivables Purchase Price means $1,403,509,094.50.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Transferred Real Property has the meaning set forth in Section 1.1(p).

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • Purchased Interests has the meaning set forth in the Recitals.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.