Initial Conveyed Property definition

Initial Conveyed Property means (i) the Loans listed on Exhibit A hereto delivered to the Servicer, the Backup Servicer and the Trust Collateral Agent on the Closing Date and (ii) all Related Security with respect thereto.
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Initial Conveyed Property has the meaning set forth in Section 2(a) of the Sale and Contribution Agreement.
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Initial Conveyed Property. With respect to the Initial Contracts, the proceeds, rights and other items described in Section 2.1(a)(ii) through (ix). Initial Cutoff Date: October 31, 2003. Initial Prefunding Account Amount: $30,000,000.
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Examples of Initial Conveyed Property in a sentence

  • In consideration of the payments described in Section 3.1, effective as of the Closing Date, CAC does hereby convey, assign, sell, contribute and transfer to Funding, without recourse, except as set forth herein, all of its right, title and interest in, to and under the Initial Conveyed Property.

  • With respect to the Initial Contracts and the related Initial Conveyed Property, the Initial Contract Price and (ii) with respect to any Additional Contract and the related Additional Conveyed Property, the Additional Purchase Price.

  • SPE 1 shall expressly accept from the Depositor all of the Depositor’s right, title and interest in and to, and obligations under, the Initial Conveyed Property, to have and to hold the same unto SPE 1 and to the successors, legal representatives and assigns of SPE 1 forever.

  • Purchaser hereby expressly accepts from the Seller all of the Seller’s right, title and interest in and to, and obligations under, the Initial Conveyed Property.


More Definitions of Initial Conveyed Property

Initial Conveyed Property means (i) the Loans listed on Exhibit A hereto as of the Initial Funding Date, which Loans are identified in the related Assignment and in the related computer file delivered by CAC in connection therewith pursuant to Section 2.1(h) and (ii) all Related Security with respect thereto.
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Initial Conveyed Property. With respect to the Initial Contracts, the proceeds, rights and other items described in Section 2.1(a)(ii) through (ix). Initial Cutoff Date: March 31, 2005. Initial Prefunding Account Amount: $29,999,898. Initial Reserve Account Deposit: An amount equal to the sum of (i) 1.0% of the Principal Balance of the Initial Contracts as of the Initial Cutoff Date and (ii) the Capitalized Interest Amount.
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Initial Conveyed Property means (i) the Loans listed on Exhibit A hereto delivered to the Servicer and the Collateral Agent on the Initial Funding Date and (ii) all Related Security with respect thereto. “Initial Funding Date” means the date of CAC's contribution to Funding of the Initial Conveyed Property hereunder. “Loan and Security Agreement” shall mean the Loan and Security Agreement, dated as of September 30, 2015, among Funding, CAC and Flagstar Bank, FSB, as amended, supplemented and otherwise modified from time to time. “Related Security” With respect to any Loan, all of CAC’s interest in: (i) the Dealer Agreements (other than Excluded Dealer Agreement Rights, but including CAC’s rights to service the Loans and the related Contracts and receive the related 1 collection fee and receive reimbursement of certain repossession and recovery expenses, in accordance with the terms of the Dealer Agreements) and Contracts securing payment of such Loan; (ii) all security interests or liens purporting to secure payment of such Loan, whether pursuant to such Loan, the related Dealer Agreement or otherwise, together with all financing statements signed by the related Obligor describing any collateral securing such Loan and all other property obtained upon foreclosure of any security interest securing payment of such Loan or any related Contract; (iii) all guarantees, insurance (including insurance insuring the priority of perfection of any lien) or other agreements or arrangements of any kind from time to time supporting or securing payment of each Contract whether pursuant to such Contract or otherwise, including any of the foregoing relating to any Contract securing payment of such Loan; (iv) in all Records, documents and writing evidencing or related to such Loan; (v) all Collections (other than Dealer Collections), received on or after the related Cut-Off Date, the Collection Account, the Reserve Account, and all amounts on deposit therein and investments thereof; and (vi) the Proceeds of each of the foregoing. For the avoidance of doubt, the term “Related Security” with respect to any Dealer Loan includes all rights arising under such Dealer Loan which rights are attributable to advances made under such Dealer Loan as the result of such Dealer Loan being secured by an Open Pool on the date such Dealer Loan was sold and Dealer Loan Contracts being added to such Open Pool. “Subsequent Conveyed Property” means, with respect to the date of any Incremental Funding and/or Dealer Collecti...
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Related to Initial Conveyed Property

  • Other Conveyed Property means all property conveyed by the Seller to the Trust pursuant to Section 2.1(b) through (i).

  • Conveyed Property means the Initial Conveyed Property and the Subsequent Conveyed Property.

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Purchased Property As defined in Section 2.01(a) of the Pooling Agreement.

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Initial Receivables means the Receivables transferred to the Trust on the Closing Date as set forth on the Schedule of Receivables attached to the Initial SSA Assignment.

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

  • Timeshare Property means one or more accommodations subject to the same timeshare instrument, together with any other property or rights to property appurtenant to those accommodations.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Initial Contracts means those Contracts conveyed to the Trust on the Closing Date.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Leasehold Interests means all of each Loan Party’s right, title and interest in and to, and as lessee of, the premises identified as leased Real Property on Schedule 4.4 hereto.

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

  • 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.

  • Assigned Property means real and related personal property which, in the discretion of the Administrator or his designee, has been made available to the Department for transfer for public health purposes.

  • 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.

  • Title Documents shall have the meaning set forth in Section 4.1.

  • Transferred Receivables means any Receivables that have been sold, contributed or otherwise transferred to an Eligible Transferee in connection with a Permitted Supply Chain Financing that is permitted under the Credit Agreement.

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

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Transferred Interests has the meaning set forth in the Recitals.

  • Purchase Agreement Collateral has the meaning specified in Section 6.9 of this Agreement.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.