Originated Asset definition

Originated Asset means any Eligible Asset originated by Seller.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Originated Asset. An Underlying Asset that is sold or transferred to the Issuer and with respect to which the Retention Holder (i) itself or through related entities, directly or indirectly, was involved or will be involved in the original agreement which created or will create such Underlying Asset or (ii) purchased or will purchase such Originated Asset for its own account and then securitizes such Underlying Asset.

Originated Asset means any asset that is an Eligible Asset and whose Purchased Asset Documents were prepared by or on behalf of Seller or Buyer.

Examples of Originated Asset in a sentence

Seller shall deliver to Buyer: (i) with respect to a New Asset that is a Pre-Existing Asset, each of the Purchased Asset Documents, except Purchased Asset Documents that Seller expressly and specifically disclosed in Seller’s Preliminary Due Diligence Package were not in Seller’s possession; and (ii) with respect to New Asset that is an Originated Asset, each of the Purchased Asset Documents.
Seller shall deliver to the applicable Buyer: (i) with respect to a New Asset that is Pre-Existing Asset, each of the Purchased Loan Documents, except Purchased Loan Documents that Seller expressly and specifically disclosed in Seller’s Preliminary Due Diligence Package were not in Seller’s possession; and (ii) with respect to New Asset that is Originated Asset, each of the Purchased Loan Documents.
Seller shall deliver to Buyer: (i) with respect to a New Asset that is a Pre-Existing Asset, each of the Purchased Asset Documents, except Purchased Asset Documents that Seller expressly and specifically disclosed in Seller’s Preliminary Due Diligence Package were not in Seller’s possession; and (ii) with respect to a New Asset that is an Originated Asset, each of the Purchased Asset Documents.
Seller shall deliver to Buyer: (i) with respect to a New Asset that is a Pre-Existing Asset, each of the Purchased Asset Documents, except Purchased Asset Documents that Seller expressly and specifically disclosed in Seller's Preliminary Due Diligence Package were not in Seller's possession; and (ii) with respect to a New Asset that is an Originated Asset, each of the Purchased Asset Documents.

More Definitions of Originated Asset

Originated Asset means any Eligible Asset originated by an Affiliate of Seller. “Origination Fee” shall have the meaning specified in the Fee Letter.

Originated Asset. A Collateral Obligation that is sold or transferred to the Issuer and with respect to which the Originator either (i) acted or will act as original lender or itself or through related entities, directly or indirectly, was involved or will be involved in the original agreement which created or will create such Collateral Obligation or (ii) purchased or will purchase such Originated Asset for its own account prior to selling or transferring such Collateral Obligation to the Issuer.

Originated Asset. An Underlying Asset held by the Issuer with respect to which the Retention Holder acted as an "originator" as defined under the EU Securitisation Regulation and UK Securitisation Framework.

Originated Asset means any Eligible Loan whose Purchased Loan Documents were prepared by Seller.

Originated Asset means any Eligible Asset originated by an Affiliate of Seller. “Other Connection Taxes” shall mean Taxes imposed as a result of a present or former connection between such Buyer or Transferee and the jurisdiction imposing such Tax (other than connections arising from such Buyer or Transferee having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other Transaction pursuant to or enforced any Transaction Document, or sold or assigned an interest in any Transaction or any Transaction Document).