Santander Consumer definition

Santander Consumer means Santander Consumer USA Inc., an Illinois corporation, and its successors and assigns.
Sample 1Sample 2Sample 3
Santander Consumer has the meaning given to such term in the Preamble.
Sample 1

Examples of Santander Consumer in a sentence

  • Santander Consumer makes the following representations and warranties as of the Closing Date, on which the Purchaser will be deemed to have relied in acquiring the Purchased Assets.

  • Santander Consumer is not aware of any material judgment, ERISA or tax lien filings against Santander Consumer.

  • Any such purchase by Santander Consumer shall be at a price equal to the related Repurchase Price.

  • The limited rights of recourse specified herein against Santander Consumer are intended to provide a remedy for breach of representations and warranties relating to the condition of the property sold, rather than to the collectability of the Receivables.

  • If the breach materially and adversely affects the interests of the Issuer or the Noteholders in such Receivable, then Santander Consumer shall either (a) correct or cure such breach or (b) repurchase such Receivable from the Purchaser (or its assignee), in either case on or before the Payment Date following the end of the Collection Period which includes the 60th day (or, if Santander Consumer elects, an earlier date) after the date Santander Consumer became aware or was notified of such breach.

  • It is further the intention of the parties hereto that the Purchased Assets shall not be part of Santander Consumer’s estate in the event of a bankruptcy or insolvency of Santander Consumer.

  • The sales and transfers by Santander Consumer of the Receivables and other Purchased Assets hereunder are and shall be without recourse to, or representation or warranty (express or implied) by, Santander Consumer, except as otherwise specifically provided herein.

  • Such purchase price shall be paid in cash to Santander Consumer in an amount agreed to between Santander Consumer and the Purchaser, and, to the extent not paid in cash by the Purchaser, shall be paid by a capital contribution by Santander Consumer of an undivided interest in such Purchased Assets that increases its equity interest in the Purchaser in an amount equal to the excess of the estimated fair market value of the Purchased Assets over the amount of cash paid by the Purchaser to Santander Consumer.

  • In consideration for such repurchase, Santander Consumer shall make (or shall cause to be made) a payment to the Purchaser (or its assignee) equal to the Repurchase Price by depositing such amount into the Collection Account prior to noon, New York City time, on such date of repurchase (or, if Santander Consumer elects, an earlier date).

  • This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the other Purchased Assets in favor of the Purchaser, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from Santander Consumer.

Related to Santander Consumer

  • BANA shall have the meaning assigned to such term in the preamble to this Agreement.

  • the Seller means the person so described in the Order;

  • NFC means Navistar Financial Corporation, a Delaware corporation.

  • RFC means ReliabilityFirst Corporation.

  • Originator means the sender of the first payment order in a funds transfer.

  • Bulk Consumer means a consumer such as the Departments of Central Government like Railways, Defense, Telecom, Posts and Telegraph, the Department of State Government, the Undertakings, Boards and other agencies or companies who purchase hundred or more than hundred batteries per annum.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • CAC means the Cyberspace Administration of China.

  • FIA means the Fédération Internationale de l’Automobile, which is the sole international authority entitled to make and enforce regulations for the encouragement and control of automobile competitions and records through the FIA World Motorsport Council.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Backup Servicer means Wxxxx Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.

  • Conduit Purchaser means each commercial paper conduit that is or becomes a party to this Agreement in the capacity of a “Conduit Purchaser”.

  • Seller has the meaning set forth in the Preamble.