Legal Title Holder definition

Legal Title Holder has the meaning given to such term under the AssetCo Bonds Trust Deed as in effect on the Issue Date.
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Legal Title Holder means CCFS.
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Legal Title Holder means (a) KMC under the Mortgage Administration Agreement or (b) if KMC's appointment as legal title-holder is terminated under the Mortgage Administration Agreement, any other legal title-holder selected by the Legal Title- Holder Facilitator and appointed with the prior written consent of the Trustee and the Mortgage Administrator (and, if the proposed legal title-holder is the Seller, the prior written consent of the Issuer) and subject to (i) a Rating Agency Confirmation being provided to the Issuer and (ii) the proposed legal title-holder granting an irrevocable power of attorney in favour of the Issuer;
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Examples of Legal Title Holder in a sentence

  • Full satisfaction by a Legal Title Holder of its obligations under such indemnity by way of a payment to the Issuer or the Trustee shall constitute a full discharge and release of that Legal Title Holder from any claim which the Issuer or the Trustee may have against that Legal Title Holder arising from such failure to make any Mandatory Further Advance.

  • Therefore, both LEP groups suffered dramatic increases in drop-out rates, doubling for students in EL programs and tripling for students in General Education.

  • The majority of deposits made by Borrowers with the Legal Title Holder will be covered by the FSCS which gives the Borrower protection up to the FSCS limit (as at the date of this Prospectus being £85,000).

  • Banks, insurance companies and other financial institutions in the UK (such as the Legal Title Holder) are subject to the Financial Services Compensation Scheme (the "FSCS") which gives customers protection where an authorised firm is unable or is likely to be unable to meet claims against it because of its financial circumstances.

  • The terms and conditions of the Mortgage Loans provide that the Legal Title Holder will not require monthly repayments of capital in respect of any amount covered by a repayment plan or option acceptable to it.

  • Should a Borrower hold a deposit account with the Legal Title Holder, the Borrower, in the event of the insolvency of the Legal Title Holder, may be able to set-off any amounts held in the relevant deposit account against amounts owed by the Borrower pursuant to the Loan.

  • CML will be appointed by the Issuer and, as applicable, the Legal Title Holder as Servicer to service the Loans and their Related Security.

  • To the extent possible, we have pre- established purchase orders with contractors to facilitate their expedited response.For forecasted storms, particularly those that are expected to impact entire regions or even multiple regions like the eastern seaboard, securing mutual assistance can be challenging at best, and can require securing resources from more distant utilities.

  • Generally, an independent right of set-off could include, but is not limited to, claims by a Borrower for unpaid wages, pension liabilities or balances standing to the credit of savings and deposit accounts (though the Seller will represent and warrant that the Borrowers are not employees of the Legal Title Holder).

  • In relation to each Loan and Mortgage in respect of which a Mortgage Interest Holder is not also the Legal Title Holder, such Mortgage Interest Holder irrevocably directs the Legal Title Holder to observe and comply with the terms of this Deed in relation to such Loan and Mortgage throughout each period that such Mortgage Interest Holder is not also the Legal Title Holder.


More Definitions of Legal Title Holder

Legal Title Holder means each of NRIPL, NRL, GAHL, GAJ, NPPL, PT HIP and PT PAL.
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Related to Legal Title Holder

  • sectional title unit means a unit defined in section 1 of the Sectional Titles Act;

  • sectional title scheme means a scheme defined in section 1 of the Sectional Titles Act;

  • Class Title means the designation given under these rules to a class and to each position allocated to such class.

  • Record Holder or “Holder” as applied to a Receipt shall mean the person in whose name such Receipt is registered on the books of the Depositary maintained for such purpose.

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Trust Property means as of any particular time any and all property, real or personal, tangible or intangible, which at such time is owned or held by or for the account of the Trust or the Trustees in such capacity.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Class B Membership Interest means a Class B Membership Interest in Holdings.

  • Time-share estate means a right to occupy a condominium unit or any of several condominium units during 5 or more separated time periods over a period of at least 5 years, including renewal options, coupled with a freehold estate or an estate for years.

  • Class A Shareholder means a holder of Class A Shares;

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.

  • Title Transfer means the transfer of title to Gas between two (2) Shippers at a Delivery Point, provided that each such party has executed a Transportation Service Agreement, or the transfer of title to Gas between two (2) Shippers at ATP, provided each such party has executed either a Transportation Service Agreement or a Title Transfer Agreement.

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • Class A Membership Interest means a Class A Membership Interest in Holdings.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Certificateholder or Holder The person in whose name a Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent pursuant to this Agreement, any Certificate registered in the name of the Depositor or any affiliate of the Depositor shall be deemed not to be Outstanding and the Percentage Interest evidenced thereby shall not be taken into account in determining whether the requisite amount of Percentage Interests necessary to effect such consent has been obtained; provided, however, that if any such Person (including the Depositor) owns 100% of the Percentage Interests evidenced by a Class of Certificates, such Certificates shall be deemed to be Outstanding for purposes of any provision hereof that requires the consent of the Holders of Certificates of a particular Class as a condition to the taking of any action hereunder. The Trustee is entitled to rely conclusively on a certification of the Depositor or any affiliate of the Depositor in determining which Certificates are registered in the name of an affiliate of the Depositor.

  • Applicable Ownership Interest means, with respect to the Treasury portfolio,

  • LTIP Unitholder means a Partner that holds LTIP Units.

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

  • Trust Beneficial Owner means Global Funding, in its capacity as the sole beneficial owner of the Trust, and its successors.

  • Controlling ownership interest means ownership of or entitlement to more than twenty-five percent of shares or capital or profits of the company;

  • Purported Beneficial Transferee means, with respect to any purported Transfer (or other event) which results in a transfer to a Trust, as provided in Section 6.2.2 of this Article VI, the Purported Record Transferee, unless the Purported Record Transferee would have acquired or owned shares of Capital Stock for another Person who is the beneficial transferee or owner of such shares, in which case the Purported Beneficial Transferee shall be such Person.

  • Class B Holder means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.

  • Common Interest means employers engaged in the same industry or members of an Oklahoma trade association that has been in business for at least five (5) years.

  • Holder or Unit Holder means the investor for the time being entered in the Register as owner of a Unit including investors jointly so registered pursuant to the provisions of the Trust Deed.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.