Funding Trust II definition

Funding Trust II means National Auto Funding Trust II, a Delaware business trust.
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Funding Trust II. National Auto Funding Trust II, a Delaware business trust. Governmental Authority: (a) Any federal, state, county, municipal or foreign government, or political subdivision thereof, (b) any governmental or quasi-governmental agency, authority, board, bureau, commission, department, instrumentality or public body, (c) any court or administrative tribunal or (d) with respect to any Person, any arbitration tribunal or other non-governmental authority to the jurisdiction of which such Person has consented.
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Examples of Funding Trust II in a sentence

  • The sale and purchase of Receivables and the other Receivables Assets under this Agreement shall be without recourse to Funding Trust II.

  • Funding Trust I shall be entitled to all payments received or receivable with respect to any Receivable sold and conveyed by Funding Trust II to Funding Trust I hereunder that are received on and after the Cut-off Date.

  • Financial Security may disclaim any of its rights and powers under this Agreement upon delivery of a written notice to Funding Trust II and Funding Trust I.

  • Capitalized terms used but not defined herein have the meanings ascribed to them in the Pooling and Administration Agreement dated as of December 8, 1994 (the "Pooling and Administration Agreement"), among Funding Trust II, as transferor, National Auto Finance Company, Inc.

  • The foregoing transfer and assignment does not constitute and is not intended to result in an assumption by the Trust Collateral Agent, any Noteholder or the Insurer of any obligation of the Seller, the Master Trust, Funding Trust II or NAFI to the Obligors, Dealers, insurers or any other Person in connection with the Receivables, the Receivable Files, or the insurance policies or any agreements or instruments relating to any of them.

  • For the avoidance of doubt, the parties hereto acknowledge that for Loan Files delivered prior to the date hereof, Loan Checklists are included in some, but not all, Loan Files being held by the Custodian (i.e., Loan Checklists may be included in Loan Files transferred from ACS Funding Trust I and ACS Funding Trust II, but not in other Loan Files delivered to the Custodian).

  • Funding Trust II hereby agrees not to cause the filing of a petition in bankruptcy against Funding Trust I until one year and one day after the maturity of any securities securities evidencing a beneficial interest in or secured by Receivable Assets sold, transferred or otherwise conveyed by the Trustee to Funding Trust II, NAFI or any affiliate of either.

  • During the term of this Agreement, the Trustee shall not change its name, identity or structure or relocate its chief executive office or principal place of business without first giving 60 days prior written notice to Funding Trust II and Financial Security Assurance Inc.

  • Within two Business Days after the Closing Date, the Trustee shall deliver to Funding Trust II or such other Person as Funding Trust II shall direct all other payments received on such Receivables on or after the Cut-off Date and on or before the Closing Date.

  • Financial Security shall have received true and correct copies of all approvals, licenses and consents, if any, including, without limitation, the approval of the co-trustees of each of the Transferor and Funding Trust II, the holders of beneficial ownership interests in each of the Transferor and Funding Trust II and the board of directors of NAFI, required in connection with the Transaction.