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.
Initial Conveyed Property means (i) Loans listed on Exhibit A hereto delivered to the Servicer, the Collateral Agent and the Backup Servicer on the Initial Funding Date and (ii) all Related Security with respect thereto.
Initial Conveyed Property has the meaning set forth in Section 2(a) of the Sale and Contribution Agreement.
Examples of Initial Conveyed Property in a sentence
In consideration of the payments described in Section 3.1, effective as of the Initial Funding Date, CAC did convey, assign, sell and transfer without recourse, except as set forth herein, to Funding all of its right, title and interest in and to 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.
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: December 31, 2005. Initial Prefunding Account Amount: $40,000,000.
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...
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.