Fleet Receivable SUBI definition

Fleet Receivable SUBI means that special unit of beneficial interest in the Origination Trust created by the Fleet Receivable SUBI Supplement in a pool of Fleet Receivables acquired by SPV from VMS pursuant to the Receivable Purchase Agreement and contributed by SPV to the Origination Trust pursuant to the Contribution Agreement and all Origination Trust Assets associated with the Fleet Receivables, including all right, title and interest of SPV under the Receivables Purchase Agreement.
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Fleet Receivable SUBI means that special unit of beneficial interest in the Origination Trust created by the Fleet Receivable SUBI Supplement in a pool of Fleet Receivables either (i) acquired by SPV from VMS pursuant to the Old Receivables Purchase Agreement and contributed by SPV to the Origination Trust pursuant to the Old Contribution Agreement prior to the Initial Closing Date or (ii) acquired by Holdings from VMS pursuant to the Receivables Purchase Agreement and contributed by Holdings to the Origination Trust pursuant to the Contribution Agreement on or after the Initial Closing Date and all Origination Trust Assets associated with the Fleet Receivables, including all right, title and interest of Holdings under the Receivables Purchase Agreement.
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Examples of Fleet Receivable SUBI in a sentence

  • The Fleet Receivable SUBI Certificate is either an “instrument,” a “certificated security,” a “general intangible” or an “account,” as such terms are defined in the New York UCC.

  • The Issuer shall pledge the Fleet Receivable SUBI Certificate to the Indenture Trustee for the benefit of the Investor Noteholders under the Indenture.

  • Each of the Fleet Receivable SUBI Certificates is either an "instrument," a "certificated security," a "general intangible" or an "account," as such terms are defined in the New York UCC.

  • By acquiring a Series 2002-1 Investor Note or an interest therein, each Series 2002-1 Investor Noteholder and each Series 2002-1 Investor Note Owner and the Issuer hereby represents, warrants and covenants that (a) each of the Lease SUBI and the Fleet Receivable SUBI is a separate series of the Origination Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. ss.

  • The Issuer, the Administrator, the Administrative Agent, each CP Conduit Purchaser, each APA Bank and each Funding Agent hereby represents, warrants and covenants that (a) each of the Lease SUBI and the Fleet Receivable SUBI is a separate series of the Origination Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 DEL.C. ss.

  • By acquiring a Series 2001-1 Investor Note or an interest therein, each Series 2001-1 Investor Noteholder and each Series 2001-1 Investor Note Owner and the Issuer hereby represents, warrants and covenants that (a) each of the Lease SUBI and the Fleet Receivable SUBI is a separate series of the Origination Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. ss.

  • The Issuer represents, warrants and covenants that (a) each of the Lease SUBI and the Fleet Receivable SUBI is a separate series of the Origination Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. ss.

  • Certain capitalized terms used herein, and not defined herein, shall have the respective meanings assigned to such terms in the Fleet Receivable SUBI Supplement, as the same may be amended, supplemented or otherwise modified from time to time.

  • The Fleet Receivable SUBI Supplement, as amended and supplemented by this Amendment No. 1, is in all respects ratified and confirmed, shall continue to be in full force and effect, and shall be read, taken and construed as one and the same instrument.

  • By acquiring a Series 2003-1 Investor Note or an interest therein, each Series 2003-1 Investor Noteholder and each Series 2003-1 Investor Note Owner and the Issuer hereby represents, warrants and covenants that (a) each of the Lease SUBI and the Fleet Receivable SUBI is a separate series of the Origination Trust as provided in Section 3806(b)(2) of Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. ss.

Related to Fleet Receivable SUBI

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Net Receivables Balance means, at any time, the aggregate Outstanding Balance of all Eligible Receivables at such time reduced by the aggregate amount by which the Outstanding Balance of all Eligible Receivables of each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.