Owned Contracts definition

Owned Contracts is defined in the Recitals of the Purchase Agreement.
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Owned Contracts means the receivables for the purchase of new or used automobiles, trucks, vans, and sport utility vehicles that originally secured the senior bank debt of FMAC and were purchased by credit bid of the agent for the holders of the senior bank debt and then sold to the Contract Purchaser.
Sample 1Sample 2

Examples of Owned Contracts in a sentence

  • Insofar as the grant above relates to Owned Contracts and related property, it is made for administrative convenience and is not intended to derogate from the prior conveyance of the Owned Contracts and related property pursuant to the Liquidity Receivables Purchase Agreement.

  • The parties to this Agreement acknowledge and agree that, except as set forth in Section 5.5 of this Agreement, the sole remedy for any breach of any representation or warranty made by CNHCA to CNHCR at any time as to the Owned Contracts and related property will be the repurchase obligation of CNHCA set forth in Section 6.2 of this Agreement.

  • The parties to this Agreement acknowledge and agree that, except as set forth in Section 5.5 of this Agreement, the sole remedy for any breach of any representation or warranty made by CNHICA to CNHCR at any time as to the Owned Contracts and related property will be the repurchase obligation of CNHICA set forth in Section 6.2 of this Agreement.

  • Insofar as the grant above relates to NH Owned Contracts and related property, it is made for administrative convenience and is not intended to derogate from the prior conveyance of the NH Owned Contracts and related property pursuant to the NH Liquidity Receivables Purchase Agreement.

  • Insofar as the grant above relates to CNHCA Owned Contracts and related property, it is made for administrative convenience and is not intended to derogate from the prior conveyance of the CNHCA Owned Contracts and related property pursuant to the CNHCA Liquidity Receivables Purchase Agreement.

  • Pursuant to the FMAC Plan, at the option of the Company and subject to certain conditions, the Company may distribute the Stock Option Shares to FMAC or at the request of FMAC and pursuant to its instructions directly to the unsecured creditors of FMAC, in lieu of FMAC's right to receive all or a portion of distributions under the Excess Collections Split (including both recoveries under the Excess Collections Split from the Owned Contracts and the B Pieces) in cash.

  • In the event that Cygnet is then servicing the Owned Contracts and the Securitized Pools, Cygnet agrees to advise the Company at least 20 days prior to the date upon which cash distributions under the Excess Collections Split are likely to begin and to provide the Company with an estimate as to the likely amount and timing of such cash distributions.

  • A MAW selection will result in the rider entering the withdrawal phase.c MAW c Non-MAW (If no option is selected, the payment will be processed as a MAW distribution.)Option 1B only: If you are married, please complete the following information:Spouse’s Name Birth Date Custodial Owned Contracts: For contracts under Custodial Ownership, the RMD amount will be calculated based solely on the current year RMD value of the contract number listed above.

  • Trustee Owned Contracts While this Contract is owned by the trustee of a plan described in section 401(a) of the Code, the Death Before the Annuity Start Date provision of Section 6 may not apply.

  • The guidelines associated with non-financial transactions includes: • Anti-Money Laundering • Clean Desk • Community Property • Custodial Owned Contracts • Exception and Escalations • Marketing Administration Correspondence • Not In Good Order (NIGO) • OFAC Homeland Tracker • Return Mail • Signatures • W9 Certification IVR Service Provide the ability to retrieve account information and route calls via the phone.

Related to Owned Contracts

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Retained Contracts shall have the meaning set forth in Section 1.2(i).

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Seller Contracts means all contracts, agreements and leases, other than those that are Governmental Permits, to which Seller is a party and pertain to the ownership, operation or maintenance of the Assets or the Business, including those described on Schedule 1.8.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Shared Contracts has the meaning specified in Section 4.12(b).

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • IP Contracts means all Contracts pursuant to which a party hereto or any of its Affiliates grants or obtains any rights to use Intellectual Property (other than Contracts in which such Intellectual Property is incidental to such Contracts).

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Company Contracts has the meaning set forth in Section 3.13(a).

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Assigned Contract shall have the meaning set forth in Section 1.1(b).

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).

  • Excluded Contracts has the meaning set forth in Section 2.02(a).

  • Assumed Contract has the meaning set forth in Section 2.1(b)(iv).

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);