Green Tree Floorplan Funding Corp definition

Green Tree Floorplan Funding Corp. ("GTFFC") is a Delaware corporation with its principal place of business in Saint Xxxx, Minnesota. GTFFC has filed a Registration Statement on Form S-1 (hereinafter referred to as the "Registration Statement") relating to $___________ (Floating Rate) Floorplan Receivable Trust Certificates, Series 1995-1, Class A and $___________ (Floating Rate) Floorplan Receivable Trust Certificates, Series 1995-1, Class B (the "Offered Certificates") evidencing interests in Green Tree Floorplan Receivables Master Trust (the "Trust"). The Offered Certificates will be issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing Agreement") dated as of December 1, 1995 among GTFFC, as transferor, Green Tree Financial Corporation, as servicer ("Green Tree" or the "Servicer"), and Norwest Bank Minnesota, National Association, as trustee (the "Trustee") and pursuant to a 1995-1 Series Supplement to the Pooling and Servicing Agreement (the "Series Supplement"), dated as of December 1, 1995 among GTFFC, as transferor, Green Tree, as Servicer, and the Trustee, as trustee. The Pooling and Servicing Agreement, as supplemented by the Series Supplement, is hereinafter referred to as the "Pooling and Servicing Agreement." $________ principal amount of Class C Certificates (the "Class C Certificates"), $________ principal amount of Class D Certificates (the "Class D Certificates") and the Exchangeable Transferor's Certificate (together with the Offered Certificates, the Class C Certificates and the Class D Certificates, the "Certificates") will also be issued pursuant to the Pooling and Servicing Agreement. The assets of the Trust will consist of (i) all wholesale receivables (the "Receivables") generated from time to time in a portfolio of revolving financing arrangements between Green Tree and certain dealers in consumer and commercial products (the "Accounts") satisfying certain criteria described in the Prospectus, (ii) all funds collected from Obligors in respect of the Receivables, (iii) all right, title, and interest of GTFFC in, to, and under a receivables purchase agreement (the "Purchase Agreement"), dated as of December 1, 1995 between GTFFC and Green Tree, (iv) all funds on deposit in the Trust Accounts, (v) Recoveries, (vi) an assignment of a security interest in the Collateral Security, (vii) GTFFC's rights under all Floorplan Agreements, and (viii) proceeds of the foregoing. The Receivables will be purchased from Green Tree by GTFFC pursuant to the P...
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Examples of Green Tree Floorplan Funding Corp in a sentence

  • Notices to GTFFC shall be directed to Green Tree Floorplan Funding Corp., 500 Landmark Towers, 000 Xx. Xxxxx Xxxxxx, Saint Xxxx, Minnesota, 55102-1639, Attention of the Secretary, with a copy to the Treasurer.

  • The name of the corporation is Green Tree Floorplan Funding Corp.

  • Notices to Funding shall be directed to Green Tree Floorplan Funding Corp., 0000 Xxxxxxxx Xxxxxx, 000 Xx. Xxxxx Xxxxxx, Saint Xxxx, Minnesota, 55102-1639, Attention of the Secretary, with a copy to the Treasurer.

  • When an Employee is not selected to serve on a jury or when dismissal time is at least two hours from the end of the Employee’s normal work day, the Employee will immediately notify their supervisor.

Related to Green Tree Floorplan Funding Corp

  • GMAC GMAC Mortgage Corporation, or its successor in interest.

  • FTPS Unit Servicing Agent means FTP Services LLC or any successor FTPS Unit servicing agent appointed as hereinafter provided."

  • Residual Funding Facility means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to the Company or any Subsidiary based upon residual, subordinated or retained interests in Receivables Entities or any of their respective securities, debt instruments or other Indebtedness.

  • Reserve Account Funding Date means the Payment Date selected by the Servicer on behalf of the Issuer which occurs not later than the earliest of the Payment Date with respect to the Monthly Period which commences three months prior to the commencement of the Controlled Accumulation Period (which commencement shall be subject to postponement pursuant to Section 4.13); provided, however, that if the Rating Agency Condition is satisfied, the Issuer may postpone the Reserve Account Funding Date.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • NCB means National City Bank, a national banking association, together with its successors and assigns.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Note A-2 Special Servicer means the special servicer under the Note A-2 PSA.

  • Initial Mortgage Loans The Mortgage Loans included in the Trust as of the Closing Date.

  • Collateral Manager The meaning specified in the Preamble.

  • Fund/SERV Eligible Unit Servicing Agent means FTP Services LLC or any successor Fund/SERV Eligible Unit servicing agent appointed as hereinafter provided."

  • Note A-2 Master Servicer means the master servicer under the Note A-2 PSA.

  • Conduit Purchaser means each commercial paper conduit that is or becomes a party to this Agreement in the capacity of a “Conduit Purchaser”.

  • Eligible lending institution means a financial

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Countrywide Countrywide Home Loans, Inc., a New York corporation and its successors and assigns.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • CarMax Funding means CarMax Auto Funding LLC, a Delaware limited liability company.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • Ford Credit means Ford Motor Credit Company LLC, a Delaware limited liability company.

  • Park Monaco Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Monaco is the applicable Seller.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.