Program Portfolio definition

Program Portfolio means a portfolio of assets consisting of, or to consist of, consumer and commercial motor vehicle receivables and leases, including automobile retail installment sales contracts, automobile leases or other financial receivables subject to the Servicing Agreement and described in a Program Portfolio Schedule.
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Program Portfolio means (a) all Cardholder Indebtedness, exclusive of any Cardholder Indebtedness pertaining to any Accounts that have been previously written off by Bank or should have been written off in accordance with Bank’s policies, free and clear of all liens, claims, encumbrances and restrictions; (b) Account Documentation (excluding credit bureau reports, adverse action letters or similar information to the extent a transfer thereof would cause Bank to violate Applicable Law or become a “consumer reporting agency” for purposes of the federal Fair Credit Reporting Act) and a full master file of all monetary and non-monetary fields; and (c) Bank’s rights in any toll-free (800) customer service numbers.
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Examples of Program Portfolio in a sentence

  • The Subservicer shall deliver to the Servicer a Servicer Report for each Program Portfolio in the form and for the time periods reasonably requested by the Servicer from time to time.

  • This Program Portfolio Schedule may be executed in two or more counterparts and by different parties on separate counterparts, each of which will be an original, but all of which together will constitute one and the same instrument.

  • This Agreement and each Program Portfolio Schedule shall terminate at 11:59 pm Central time on the last day of the Termination Period.

  • The Subservicer has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Subservicer to perform its obligations under this Agreement or any Program Portfolio Schedule or affect the enforceability or collectability of any Program Receivable.

  • SANTANDER CONSUMER USA INC., as Servicer By: Name: Title: SANTANDER CONSUMER INTERNATIONAL PUERTO RICO LLC, as Subservicer By: Name: Title: By: Name: Title: [Annex A Reference is hereby made to that Program Portfolio Schedule dated as of [ ], 2016 (the “Program Portfolio Schedule”), between Santander Consumer USA Inc., as Servicer, and Santander Consumer International Puerto Rico LLC, as Subservicer.

  • The Subservicer, in its capacity as such, has no duties, obligations or responsibilities to SC or any other Person hereunder other than those specifically expressed and set forth in this Agreement and any Program Portfolio Schedule and no implied obligations of the Subservicer shall be read into this Agreement.

  • Except as specifically provided in this Agreement or any Program Portfolio Schedule, the Subservicer shall have no rights in any of the Intellectual Property of the Servicer (whether owned, licensed or otherwise possessed) which, in any case, shall be and at all times remain the sole and exclusive property of the Servicer.

  • Except as otherwise provided in a Program Portfolio Schedule, the Subservicer agrees to keep and retain such records relating to the Program Receivables obligations hereunder in accordance with its Customary Servicing Practices.

  • The Servicer is a Illinois corporation validly existing and in good standing under the laws of its state of organization and has, in all material respects, full power and authority to own its assets and operate its business as presently owned or operated, and to execute, to deliver and to perform its obligations under this Agreement and each Program Portfolio Schedule to which it is a party.

  • Any Amendment to a Program Portfolio Schedule shall only be effective with respect to the Program Portfolio governed by such Program Portfolio Schedule.

Related to Program Portfolio

  • Investment Portfolio means invested assets (including cash and cash equivalents, short-term investments, bonds or other fixed income securities and equity investments).

  • Selling Portfolio has the meaning specified in Section 2.10;

  • Current Portfolio At any time, the portfolio of Collateral Obligations and Cash and Eligible Investments representing Principal Proceeds (determined in accordance with Section 1.3 to the extent applicable), then held by the Issuer.

  • Portfolio means any account, trust or other investment vehicle (except "Fund") over which the Firm has investment management discretion.

  • Portfolio Data means the Key Terms in relation to all outstanding Trades between you and us in a form and standard that is capable of being reconciled. The information comprising the Portfolio Data for Portfolio Data Delivery Date will be prepared as at the close of business New York time on the immediately preceding Business Day.

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

  • Portfolios means the constituent series of the Fund, but for purposes of this Section 14.1 shall not include Portfolios excepted from the requirements of paragraph (a) of Rule 22c-2 by paragraph (b) of Rule 22c-2.

  • Purchasing Portfolio has the meaning specified in Section 2.10;

  • Pool means a voluntary arrangement, established on an ongoing basis, pursuant to which two or more insurers participate in the sharing of risks on a predetermined basis. The pool may operate through an association, syndicate, or other pooling agreement.

  • Portfolio Asset means an asset of an investment fund;

  • Initial Portfolio means the initial portfolio of Receivables, comprising Eligible Assets, purchased by the Guarantor from the Seller pursuant to the Master Loans Purchase Agreement.

  • CREFC® Servicer Watch List/Portfolio Review Guidelines As of each Determination Date a report, including and identifying each Performing Serviced Loan satisfying the “CREFC® Portfolio Review Guidelines” approved from time to time by the CREFC® in the “CREFC® Servicer Watch List” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form (including other portfolio review guidelines) for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Receivables Program means, with respect to any Person, an agreement or other arrangement or program providing for the advance of funds to such Person against the pledge, contribution, sale or other transfer of encumbrances of Receivables Program Assets of such Person or such Person and/or one or more of its Subsidiaries.

  • Program fund means the program fund established under section 12D.4.

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Reference Portfolio means, the notional portfolio made up of each Reference Asset, as described in this Information Statement under “Reference Portfolio”.

  • Proposed Portfolio The portfolio of Collateral Obligations and Eligible Investments resulting from the proposed purchase, sale, maturity or other disposition of a Collateral Obligation or a proposed reinvestment in an additional Collateral Obligation, as the case may be.

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.

  • Renewable Portfolio Standard or “RPS” means a state or federal law, rule or regulation that requires a stated amount or minimum proportion or quantity of electricity that is sold or used by specified persons to be generated from Renewable Energy Sources.