Settlement Purchase Agreement definition

Settlement Purchase Agreement means an agreement between the Company and a Claimant pursuant to which the Company agrees to purchase and the Claimant agrees to sell all or any portion of the Claimant's Settlement under a Settlement Agreement.
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Examples of Settlement Purchase Agreement in a sentence

  • The Seller will not take any action inconsistent with the Purchaser’s ownership of the Purchased Asset and will not, except as otherwise requested by the Purchaser: (i) challenge the enforceability or validity of the related Settlement Purchase Agreement or (ii) amend, modify, waive or purport to amend, modify or waive the related Settlement Purchase Agreement.

  • The Seller agrees that, in connection with any securitization transaction entered into by the Purchaser relating to the Purchased Assets, if requested, it will obtain an opinion of counsel with respect to true sale matters relating to the sale of Receivables from the Claimants to the Seller under the form of Settlement Purchase Agreement attached hereto as Exhibit B, such opinion to be in form and substance reasonably satisfactory to the Purchaser.

  • WASHINGTON SQUARE FINANCIAL, LLC, as Seller By: Name: Title: EXHIBIT B Form of Settlement Purchase Agreement ABSOLUTE ASSIGNMENT AND SECURITY AGREEMENT (THE “AGREEMENT”) I, [Customer Name]”, (“I”, “Me” or “Assignor”) am entitled to certain periodic payments (the “Periodic Payments”), which I am receiving as a result of the settlement of a personal injury claim.

  • The Master Servicer shall, or shall cause, the funds on deposit in the Issuer Split Payment Account to be remitted to the applicable Claimant or Individual Annuity Seller in accordance with the terms of the applicable Settlement Purchase Agreement or Annuity Purchase Agreement.

  • The Seller agrees that, in connection with any securitization transaction entered into by the Class A Noteholder relating to the Transferred Assets, if requested, it will obtain an opinion of counsel with respect to true sale matters relating to the sale of Receivables from the Claimants to the Seller under the form of Settlement Purchase Agreement attached hereto as Exhibit C, such opinion to be in form and substance reasonably satisfactory to the Class A Noteholder.