Initial LPA Assignment definition

Initial LPA Assignment. As defined in Section 2.01 of the Lease Purchase Agreement.
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Examples of Initial LPA Assignment in a sentence

  • All questions concerning the construction, validity and interpretation of this Agreement, the Initial LPA Assignment and any Subsequent LPA Assignment shall be governed by and construed and enforced in accordance with the internal laws of the State of Illinois, without giving effect to any choice of law or conflict provision or rule (whether of the State of Illinois or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Illinois.

  • Harco Leasing has the power and authority to execute and deliver this Agreement, the Initial LPA Assignment and each Subsequent LPA Assignment and to perform its obligations hereunder and thereunder and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by Harco Leasing by all necessary corporate action on the part of Harco Leasing.

  • Notwithstanding the foregoing, in the event a court of competent jurisdiction determines that such transfer and assignment did not constitute such a sale or that such beneficial interest is a part of Harco Leasing’s estate, then Harco Leasing shall be deemed to have granted to NFC a first priority perfected security interest in all of Harco Leasing’s right title and interest in, to and under the assets conveyed pursuant to this Initial LPA Assignment, and Harco Leasing hereby grants such security interest.

  • It is the intention of Harco Leasing and NFC that the transfers and assignments contemplated by this Initial LPA Assignment shall constitute a sale from Harco Leasing to NFC of the property described herein and in Section 2.01 of the Lease Purchase Agreement and the beneficial interest in title to such property shall not be part of Harco Leasing’s estate in the event of the filing of a bankruptcy petition by or against Harco Leasing under any bankruptcy law.

  • This Initial LPA Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Lease Purchase Agreement and is to be governed by the Lease Purchase Agreement.

  • Harco Leasing shall have delivered to NFC, the General Interest Trustee and the Indenture Trustee the Initial LPA Assignment or Subsequent LPA Assignment, as applicable, and the related Schedule of Retail Leases.

  • For purposes of such grant, this Initial LPA Assignment Notice shall constitute a security agreement under the UCC.

  • This Agreement, together with the Initial LPA Assignment or Subsequent LPA Assignment related to such Designated Retail Leases and the Related Titling Trust Assets, when duly executed and delivered, shall constitute a valid sale, transfer and assignment of the Series 2002-B Portfolio Interest, the Series 2002-B Portfolio Certificate and the beneficial interest in the Series 2002-B Portfolio Assets represented thereby, enforceable against creditors of Harco Leasing.

  • This Agreement, together with the Initial LPA Assignment or Subsequent LPA Assignment related to such Designated Retail Leases and the Related Titling Trust Assets, when duly executed and delivered, shall constitute a valid sale, transfer and assignment of the Series 2003-A Portfolio Interest, the Series 2003-A Portfolio Certificate and the beneficial interest in the Series 2003-A Portfolio Assets represented thereby, enforceable against creditors of Harco Leasing.

  • This Agreement, together with the Initial LPA Assignment or Subsequent LPA Assignment related to such Designated Retail Leases and the Related Titling Trust Assets, when duly executed and delivered, shall constitute a valid sale, transfer and assignment of the Series 2003-B Portfolio Interest, the Series 2003-B Portfolio Certificate and the beneficial interest in the Series 2003-B Portfolio Assets represented thereby, enforceable against creditors of Harco Leasing.

Related to Initial LPA Assignment

  • Purchase Agreement Assignment means the Purchase Agreement and Engine Warranties Assignment [________], dated as of even date with the Participation Agreement, between Lessee and Owner Trustee.

  • term assignment means, in relation to an employee, i. a term assignment within the meaning of the local collective agreement, or

  • Qualified assignment agreement means an agreement providing for a qualified assignment within the meaning of section 130 of the Internal Revenue Code.

  • IP Assignment a collateral assignment or security agreement pursuant to which an Obligor grants a Lien on its Intellectual Property to Agent, as security for the Obligations.

  • IP Assignment Agreement has the meaning set forth in Section 3.2(a)(iii).

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • First Assignment means: the relevant Assignment; orif, prior to the relevant Assignment:

  • Collateral Assignment Agreement has the meaning set forth in Section 10.05.

  • Long Term Supply Assignment means, in relation to an employee,

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit Q hereto, executed and delivered by and among the Depositor, DLJMC and the Trustee and acknowledged by the Servicers, as provided in Section 2.01 hereof.

  • Loan Assignment has the meaning set forth in the Purchase and Sale Agreement.

  • prospective assignment means an assignment that is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Lender Assignment Agreement means an assignment agreement substantially in the form of Exhibit D hereto.

  • Lease Assignment has the meaning set forth in Section 3.5(d).

  • Permitted Assignment means a Permitted Subsidiary Assignment or a Permitted Third-Party Assignment.

  • Addendum and Assignment Agreement The Addendum and Assignment Agreement, dated as of January 31, 1995, between MLCC and the Master Servicer.

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • Assumption Agreement has the meaning specified in Section 2.18(d)(ii).

  • Trademark Assignment Agreement has the meaning set forth in Section 2.01.

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Assignment Date means __________ __, 200_.

  • Patent Assignment Agreement means the Patent Assignment Agreement attached hereto as Exhibit G.

  • Assignment/Amendment We reserve the right to change this Service Agreement (including the price or to charge an additional fee) and to delegate any of Our obligations at Our sole discretion provided We give You thirty (30) days’ prior written notice of the changes. The changes will become effective thirty (30) days after We send You the notice. If You do not like the changes, You may cancel this Service Agreement. You may not change this Service Agreement or delegate any of Your obligations. Should certain terms or conditions in this Service Agreement be held to be invalid or unenforceable, the remainder of the terms and conditions in this Service Agreement shall remain valid. Transfer: This Service Agreement is not transferable by You. Responsibility for benefits owed to You: This is not an insurance policy; it is a Service Agreement. HomeServe will serve as Your point-of-contact for all questions or concerns. Our obligations under this Service Agreement are insured under a service contract reimbursement insurance policy. If We fail to pay or to deliver service on a claim within sixty (60) days after proof of loss has been filed, or in the event You cancel this Service Agreement and We fail to issue any applicable refund within sixty (60) days after cancellation, You are entitled to make a claim against the insurer, Virginia Surety Company, Inc., 000 Xxxx Xxxxxxx Xxxx., 11th Floor, Chicago, IL 60604, 0-000-000-0000. Our Liability: To the fullest extent permitted by applicable law, (1) You agree that We and HomeServe, and both of our respective parents, successors, affiliates, approved technicians and our and their officers, directors, employees, affiliates, agents, contractors or similar parties acting on behalf of either Us or HomeServe shall not be liable to You or anyone else for: (a) any actual losses or direct damages that exceed the lowest applicable per repair benefit limit set out above relating to any repairs performed by Us, HomeServe or on behalf of either Us or HomeServe or services provided hereunder giving rise to such loss or damage; or (b) any amount of any form of indirect, special, punitive, incidental or consequential losses or damages, damages based on anticipated or lost profits, wages, or revenue, or damages based on diminution in value or a multiple of earnings, including those caused by any fault, failure, delay or defect in providing any repairs performed by Us, HomeServe or on behalf of either Us, or HomeServe or services provided under this Service Agreement, regardless of whether such damages were foreseeable and whether or not We or HomeServe or anyone acting on behalf of either Us or HomeServe have been advised of the possibility of such damages (the damages listed in clauses (a) and (b), collectively the “Excluded Damages”); and (2) these limitations and waivers shall apply to all claims and all liabilities and shall survive the cancellation or expiration of this Service Agreement. You may have other rights that vary from state to state.

  • Trademark Assignment shall have the meaning specified in Section 3.2(c).