Foreign Purchased Asset definition

Foreign Purchased Asset means any Purchased Asset secured directly or indirectly by Mortgaged Property located outside of the United States of America or any territory thereof. Any Foreign Purchased Asset that is repurchased by a Seller in accordance with this Agreement shall cease to be a Purchased Asset.
Sample 1Sample 2
Foreign Purchased Asset means a Purchased Asset with respect to which the Underlying Mortgaged Property is located in England and Wales.
Sample 1Sample 2
Foreign Purchased Asset means (i) with respect to any Transaction, the Eligible Assets secured by Mortgaged Property located in a Permitted Foreign Jurisdiction and which is sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions for Foreign Purchased Assets in general, all Eligible Assets secured by Mortgaged Property located in a Permitted Foreign Jurisdiction sold by Seller to Buyer.
Sample 1Sample 2

Examples of Foreign Purchased Asset in a sentence

  • Sellers shall cause each Foreign Purchased Asset to be serviced by a servicer acceptable to Buyer and in accordance with a Servicing Agreement in the form set forth in Exhibit XVII hereto.

  • The applicable Purchased Asset Documents contain provisions for the acceleration of the payment of the unpaid principal balance of the Foreign Purchased Asset if (a) there is a disposal of the Mortgaged Property or the Mortgagor, or (b) any security interests are created over the Mortgaged Property or the Mortgagor in contravention of the Purchased Asset Documents.

  • For the avoidance of doubt, (i) the references to Purchaser in this Article 3(h) with respect to US Seller and any U.S. Purchased Asset shall be limited to US Purchaser only, (ii) the references to Purchaser in this Article 3(h) with respect to UK Seller and any Foreign Purchased Asset (GBP) shall be limited to UK Purchaser only, and (iii) the references to Purchaser in this Article 3(h) with respect to EUR Seller and any Foreign Purchased Asset (EUR) shall be limited to EUR Purchaser only.

  • Other than with respect to a Non-Conduit Asset or a Foreign Purchased Asset, no such Mortgage Loan that is secured by more than one Mortgaged Property or that is cross-collateralized with another Mortgage Loan permits the release of cross-collateralization or of any related Mortgaged Property other than in compliance with the REMIC Provisions.

  • Seller has not advanced funds or induced, solicited or knowingly received any advance of funds from a party other than the Mortgagor, directly or indirectly, for the payment of any amount required by the Foreign Purchased Asset.

  • The Foreign Purchased Asset is not cross-collateralized or cross-defaulted with any other loan or security.

  • The appraisal is signed by an appraiser who is a Member of the Appraisal Institute (or, in the case of any Foreign Purchased Asset, the equivalent thereof in the applicable jurisdiction in which the Mortgaged Property is located).

  • The Mortgage or related security agreement for each Purchased Asset secured by a hospitality property creates a security interest in the revenues of such property for which a UCC financing statement (or, with respect to any Foreign Purchased Asset, its equivalent under applicable Requirements of Law in the relevant non-U.S. jurisdiction) has been filed in the appropriate filing office.

  • Subject to Article 3(t)(ii), if VAT is or becomes chargeable on any supply made by Buyer and/or any Assignee to a Seller under a Transaction Document, with respect to a Foreign Purchased Asset only, such Seller shall pay Buyer and/or Assignee (in addition to, and at the same time as, paying the consideration for such supply) an amount equal to the amount of the VAT and Buyer and/or relevant Assignee shall promptly provide an appropriate VAT invoice to such Seller.

  • No representation is made as to the perfection of any security interest in rents or other personal property to the extent that possession or control of such items or actions other than the filing of UCC-1 financing statements (or, with respect to any Foreign Purchased Asset, their equivalent under applicable Requirements of Law in the relevant non-U.S. jurisdiction) are required in order to effect such perfection.


More Definitions of Foreign Purchased Asset

Foreign Purchased Asset means a Purchased Asset with respect to which the Underlying Mortgaged Property is located in England and Wales. “ Fraudulent Transfer Laws ” shall have the meaning specified in Article 29(b) .
Sample 1

Related to Foreign Purchased Asset

  • Foreign Purchaser has the meaning assigned thereto in Section 8(d).

  • 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 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 Assets has the meaning set forth in Section 2.1.

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

  • 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).

  • Purchased Loan means each motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by the Originator from such Dealer and evidenced by a Purchased Loan Contract; provided, however, that the term “Purchased Loan” shall, for purposes of this Agreement, include only those Purchased Loans identified from time to time on Schedule A hereto.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans together with the Repurchase Assets related to such Mortgage Loans transferred by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

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

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

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

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

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • U.S. Purchaser means any purchaser of the Offered Securities that is, or is acting for the account or benefit of, a person in the United States, or any person offered the Offered Securities in the United States.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Receivables Purchase Price means $1,375,000,017.71.

  • Retained Mortgage Loan File A file for each Mortgage Loan maintained by the Servicer prior to any Document Transfer Date and by the Custodian after any Document Transfer Date that contains the documents specified in Section 2.01(b) of the Pooling and Servicing Agreement and any additional documents required to be added to the Retained Mortgage Loan File pursuant to the Pooling and Servicing Agreement.

  • Specified Asset as defined in subsection 4.2.2 hereof.

  • Transferred Equity means the equity interest in the Company which the WFOE has the right to request either of the Company Shareholders to transfer to it or its designated entity or individual in accordance with Article 3 hereof when the WFOE exercises its Equity Transfer Option, the quantity of which may be all or part of the Option Equity and the specific amount of which shall be determined by the WFOE at its sole discretion in accordance with the then-effective PRC Law and based on its commercial consideration.

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to (a) the aggregate principal balance of all Portfolio Investments acquired by the Company prior to such date minus (b) the aggregate principal balance of all Portfolio Investments repurchased by the Parent or an Affiliate thereof prior to such date.

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

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Conforming Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria of an Agency for purchase of Mortgage Loans, including, without limitation, conventional Mortgage Loans, as determined by Buyer in its sole discretion.