Second Tier Purchaser definition

Second Tier Purchaser means BAASC.
Sample 1Sample 2Sample 3
Second Tier Purchaser means BAASC. [”Section 941 Effective Date” has the meaning set forth in Section 12.4 of the Indenture.] [”Section 941 Rules” has the meaning set forth in Section 12.2(c) of the Indenture.]
Sample 1

Examples of Second Tier Purchaser in a sentence

  • BASHC is willing to sell, transfer, contribute and assign such portfolio of motor vehicle receivables and related property to the Second Tier Purchaser on the terms and conditions set forth in this Agreement.

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

  • No failure or delay on the part of the Second Tier Purchaser, BASHC, the Issuer or the Indenture Trustee in exercising any power or right hereunder (to the extent such Person has any power or right hereunder) shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right.

  • No notice to or demand on the Second Tier Purchaser or BASHC in either case shall entitle it to any notice or demand in similar or other circumstances.

  • BASHC shall deliver (or cause to be delivered) to the Second Tier Purchaser file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

  • BASHC makes the representations and warranties set forth on Schedule I with respect to the Receivables listed on the Schedule of Receivable, on which the Second Tier Purchaser relies in purchasing such Receivables.

  • Immediately prior to the sale, transfer, contribution, assignment and conveyance of the Receivables by BASHC to the Second Tier Purchaser, BASHC owned and had good and marketable title to such Receivables free and clear of any Lien and immediately after the sale, transfer, contribution, assignment and conveyance of such Receivable to the Second Tier Purchaser, the Second Tier Purchaser will have good and marketable title to such Receivable free and clear of any Lien.

  • The information set forth in the Schedule of Receivables is true and correct in all material respects, and no selection procedures believed to be adverse to the Second Tier Purchaser or its assignees were utilized in selecting such Receivables.

  • The sale, transfer, contribution, assignment and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Third Tier Purchaser of any obligation of the Second Tier Purchaser, the First Tier Purchaser, BANA or any Originator to the Obligors or any other Person in connection with the Receivables listed on the Schedule of Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto.

  • Notwithstanding the other terms of this Agreement, BASHC and the Second Tier Purchaser hereby acknowledge that BANA expressly retains all, and has not transferred hereunder any, of its rights to obtain refunds or claim credits or deductions relating to state and local sales or use, gross receipts, transaction privilege, value added, business and occupation and other similar taxes attributable to accounts charged off by the Second Tier Purchaser or its affiliates, subsidiaries, assignees or transferees.

Related to Second Tier Purchaser

  • Power Purchaser means the entity that is purchasing the capacity and energy to be transmitted under the Tariff.

  • Other Purchasers is defined in Section 2.

  • Purchaser means the organization purchasing the goods.

  • Power Purchase Agreement or "PPA"" shall mean this Power Purchase Agreement including its recitals and Schedules, amended or modified from time to time in accordance with the terms hereof.

  • Bona fide purchaser means a person who in good faith makes a purchase without notice of any outstanding rights of others.

  • Original Purchaser means the original purchaser of the Bonds designated by the Fiscal Officer in the Certificate of Award.

  • BIDDER/Seller which expression shall mean and include, unless the context otherwise requires, his successors and permitted assigns) of the second part.

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

  • Noteholder Purchase Notice has the meaning assigned to such term in Section 12.

  • Purchaser Affiliate means any affiliate of the Purchaser, including a transferee who is an affiliate of the Purchaser, and any person who controls the Purchaser or any affiliate of the Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act; and

  • Purchasing Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states if authorized by a Participating Addendum, that issues a Purchase Order against the Master Agreement and becomes financially committed to the purchase.

  • U.S. Purchaser means any purchaser of the Offered Securities that is, or is acting for the account or benefit of, a person in the United States, or any person offered the Offered Securities in the United States.

  • First purchaser means the first buyer of a manufactured item that contains ferrous or nonferrous metal in a retail or business-to-business transaction. A person that purchases scrap metal, or other property described in section 10, in violation of this act, or an automotive recycler, pawnshop, scrap metal recycler, or scrap processor is not considered a first purchaser.

  • Master Purchase Agreement means the master purchase agreement between the Holder and the Corporation dated as of January 30, 2023;

  • Foreign Purchaser has the meaning assigned thereto in Section 8(d).

  • Eligible Purchaser means an Eligible Dealer or a corporation, partnership or other entity which we have reasonable grounds to believe and do believe can make representations with respect to itself to substantially the same effect as the representations set forth herein; "Eligible Dealer" means any corporation or other entity having as a principal business acting as a broker or dealer in securities.

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • Shareholder-Initiated Transfer Purchase means a transaction that is initiated or directed by a Shareholder that results in a transfer of assets within a Contract to a Fund, but does not include transactions that are executed: (i) automatically pursuant to a contractual or systematic program or enrollment such as transfer of assets within a Contract to a Fund as a result of “dollar cost averaging” programs, insurance company approved asset allocation programs, or automatic rebalancing programs; (ii) pursuant to a Contract death benefit; (iii) one-time step-up in Contract value pursuant to a Contract death benefit; (iv) allocation of assets to a Fund through a Contract as a result of payments such as loan repayments, scheduled contributions, retirement plan salary reduction contributions, or planned premium payments to the Contract; or (v) pre-arranged transfers at the conclusion of a required free look period.

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

  • Purchasers is defined in Section 12.3.1.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Additional Purchasers means purchasers of Additional Notes.

  • Purchasing Party means a Party requesting or receiving a Service from the other Party under this Agreement.

  • Receivables Purchase Price means $1,375,000,017.71.

  • Other Sellers shall have the meaning set forth in Section 10.4.

  • Model 4 seller means a seller that is registered under the agreement and is not a model 1 seller, model 2 seller, or model 3 seller.