Form 10-D Disclosure Item means, with respect to any Person, (a) any legal proceedings pending against such Person or of which any property of such Person is then subject, or (b) any proceedings known to be contemplated by governmental authorities against such Person or of which any property of such Person would be subject, in each case that would be material to the Noteholders.
Form 10-D Disclosure Item. With respect to any Person, any material litigation or governmental proceedings pending against such Person, or against any of the Trust Fund, the Depositor, the Trustee or the Servicer, if such Person has actual knowledge thereof.
Form 10-D Disclosure Item means, with respect to any Person, any event specified in Part II of Schedule C to the Sale and Servicing Agreement for which such Person is the responsible party, if such Person or in the case of the Owner Trustee or Indenture Trustee, a Responsible Officer of such Person, has actual knowledge of such event.
Examples of Form 10-D Disclosure Item in a sentence
So long as the Issuer is required to report under the Exchange Act, no later than each Distribution Date, each of the Indenture Trustee and the Owner Trustee shall notify the Servicer of any Form 10-D Disclosure Item with respect to such Person (to the extent there is any Form 10-D Disclosure Item), together with a description of any such Form 10-D Disclosure Item in form and substance reasonably acceptable to the Servicer.
More Definitions of Form 10-D Disclosure Item
Form 10-D Disclosure Item means with respect to any Person, any litigation or governmental proceedings pending against such Person, or any of the Issuer, the Seller, the Indenture Trustee, the Owner Trustee or the Servicer of such Person, or in the case of the Owner Trustee or Indenture Trustee, a Responsible Officer of such Person, has actual knowledge thereof, in each case that would be material to the Noteholders.
Form 10-D Disclosure Item means with respect to any Person, (a) any legal proceedings pending against such Person or of which any property of such Person is then subject, or (b) any proceedings known to be contemplated by governmental authorities against such Person or of which any property of such Person would be subject, in each case that would be material to the Noteholders.
Form 10-D Disclosure Item. With respect to any Person, any pending material litigation or contemplated governmental proceedings against such Person that would have a material adverse impact on the Certificateholders.
Form 10-D Disclosure Item means (a) any legal proceedings pending against the Subservicer or of which any property of the Subservicer is then subject or (b) any proceedings known to be contemplated by governmental authorities against the Subservicer or of which any property of the Subservicer would be subject, in each case that would be material to the investors in an asset-backed securities transaction involving Program Receivables.
Form 10-D Disclosure Item means with respect to any Person, (a) any legal proceedings pending against such Person or of which any property of such Person is then subject, or (b) any governmental proceeding known to be contemplated by governmental authorities
Form 10-D Disclosure Item means with respect to any Person, any litigation or governmental proceedings pending against such Person, or any of the Issuer, the Transferor, the Indenture Trustee, any Origination Trustee, the Owner Trustee or the Servicer if such Person or in the case of the Owner Trustee, any Origination Trustee or Indenture Trustee, a Responsible Officer of such Person, has actual knowledge thereof, in each case that would be material to the Noteholders.