Notification Event Notice definition

Notification Event Notice means a notice to be given pursuant to clause 14 (Notification) of the Receivables Purchase Agreement in the form set out in Schedule 4 (Form of Notification Event Notice) of the Receivables Purchase Agreement.

Notification Event Notice means a notice substantially in the form set out in Schedule 4 of the Mortgage Sale Agreement.Representations and Warranties as to the Mortgage Assets The Originator will make certain representations and warranties in respect of the Mortgage Assets included in the Mortgage Asset Portfolio as at the Collateral Determination Date and on each date upon which a Mortgage Asset is substituted in accordance with the Mortgage Sale Agreement, including statements to the following effect which together constitute the "Eligible Criteria" in respect of the Mortgage Assets: Key Eligibility Criteria in respect of the Receivables, the Mortgage Asset Agreements and the Borrowers include:

Notification Event Notice means a notice to be given pursuant to clause 13 (Notification) of the Receivables Purchase Agreement in the form set out in Schedule 4 (Form of Notification Event Notice) of the Receivables Purchase Agreement.

Examples of Notification Event Notice in a sentence

• The Servicer will use all reasonable endeavours to do or procure the doing of all such acts and things which the Security Trustee requests the Servicer to do or procure be done, after delivery of a Notification Event Notice to each Obligor in relation to payments in respect of the Financing Contracts which were paid into the Seller's collection accounts and which shall thereafter be paid directly into the Distribution Account or such other account specified by the Issuer.

• The Data Protection Trustee has agreed to notify the Obligors of the assignment of the Purchased Receivables to the Issuer and instruct the Obligors to make all payments in respect of the Purchased Receivables to the Distribution Account of the Issuer following delivery to it of a Notification Event Notice.

• The Servicer will use all reasonable endeavours to do or procure the doing of all such acts and things which the Security Trustee requests the Servicer to do or procure be done, after delivery of a Notification Event Notice to each Obligor in relation to payments in respect of the Financing Contracts which were paid into VWFS's collection accounts and which shall thereafter be paid directly into the Distribution Account or such other account specified by the Issuer.

• The Notification Event Notice will instruct the relevant Borrowers, with effect from the date of receipt by the Borrowers of such notice, to pay all sums due in respect of the relevant Mortgage Loan into an account designated by the Issuer.

• EXECUTED as a deed by ) Volkswagen Financial Services (UK) ) Limited ) acting by ) Authorised Attorney: In the presence of Witness signature Witness Name: Address: Brunswick Court, Xxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxx Xxxxxx MK14 5LR SCHEDULE 4 Form of Notification Event Notice To: [***] Copy to: [Security Trustee] Date: [***] Dear Sirs NOTICE OF SALE We refer to the agreement(s) details of which are set out in the Schedule below (the "Relevant Contract(s)").

More Definitions of Notification Event Notice

Notification Event Notice means a notice substantially in the form set out in Schedule 4 of the SME Receivables Sale Agreement.

Notification Event Notice means a notice substantially in the form set out in Schedule 4 of the SME Receivables Sale Agreement.Representations and Warranties as to the SME ReceivablesThe Originator will make certain representations and warranties in respect of the SME Receivables included in the SME Receivables Portfolio, the Further Advance SME Receivables Portfolio and the Exposure Amount SME Receivables Portfolio on the Closing Date as at the Initial Collateral Determination Date and on each date upon which SME Receivables are substituted on any Substitution Date or purchased on any Additional Purchase Date in accordance with the SME Receivables Sale Agreement, including statements to the following effect which together constitute the “Eligibility Criteria” in respect of the SME Receivables. In particular, the Originator represents and warrants that each SME Receivables Agreement constitutes a legal, valid and binding obligation of the Borrower and Originator, enforceable in accordance with its terms.Furthermore, the Originator will represent and warrant as at the relevant assignment date (the Closing Date, an Additional Purchase Date or a Substitution Date, as applicable), that the relevant assigned SME Receivable has no payments pending for ninety days or more. Key Eligibility Criteria in respect of the SME Receivables, the SME Receivables Agreements and the Borrowers include:

Notification Event Notice means a notice substantially in the form set out in Schedule 4 of the Receivables Sale Agreement.Representations and Warranties as to the Assigned Rights Each Originator will make certain representations and warranties in respect of the Receivables Portfolio on the Closing Date as at the Collateral Determination Date and on each date upon which an Assigned Right is substituted in accordance with the Receivables Sale Agreement, including statements to the following effect which together constitute the "Eligible Criteria" in respect of the Assigned Rights. At any time, an "Eligible Receivable" shall be a Receivable:

Notification Event Notice means a notice substantially in the form set out in Schedule 4 of the Mortgage Sale Agreement;Representations and Warranties as to the Mortgage AssetsThe Originator will make certain representations and warranties in respect of the Initial Mortgage Assets included in the Initial Mortgage Asset Portfolio on the Closing Date and in respect of the Additional Mortgage Assets on each Additional Purchase Date as at the relevant Collateral Determination Date including statements to the following effect which together constitute the "Eligibility Criteria" in respect of the Mortgage Assets:

Notification Event Notice means a notice substantially in the form set out in Part B (Form of Notification Event Notice) of Schedule 4 (Notification Events) of the Receivables Sale Agreement.

Notification Event Notice means a notice substantially in the form set out in Part B of Schedule 4 (Form of Notification Event Notice (Portuguese)) of the Receivables Sale Agreement;Borrower Set-Off Pursuant to the terms of the Receivables Sale Agreement, the Originator will undertake to pay to the Issuer an amount equal to the amount of any reduction in any payment due with respect to any Receivable sold to the Issuer as a result of any exercise of any right of set-off by any Borrower against the Issuer which right of set-off has arisen on or prior to the Closing Date. Retained Interest The Originator will undertake the following in relation to Article 122a of the CRD and Notice 9/2010:

Notification Event Notice means a notice substantially in the form set out in Part B (Form of Notification Event Notice) of Schedule 4 (Notification Events) of the SME Loans Assignment Agreement. Representations and Warranties as to the SME Loans In accordance with the terms of the SME Loans Assignment Agreement, the Originator represents and warrants that, in respect of each SME Loan included in the Initial SME Loans Portfolio as at the Initial Collateral Determination Date and the Closing Date and in respect of each SME Loan included in each Additional SME Loans Portfolio as at the relevant Additional Collateral Determination Date and Additional Purchase Date (except if the period from the Additional Collateral Determination Date to the Additional Purchase Date is less than 10 (ten) Business Days, in which case the Originator represents and warrants only with reference to the relevant Additional Collateral Determination Date), the following criteria (the “Eligibility Criteria”) are met: