SUBI Asset definition

SUBI Asset has the meaning set forth in the Trust Agreement.
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SUBI Asset means a Trust Asset allocated to a particular SUBI.
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SUBI Asset means (a) any Lease or Leased Vehicle segregated by or on ---------- behalf of the Origination Trust into any SUBI Portfolio as to which a SUBI has been created and issued and remains outstanding, and (b) any other Trust Assets allocated to or earned by any SUBI.
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Examples of SUBI Asset in a sentence

  • All filings (including UCC filings) necessary in any jurisdiction to give the Purchaser (if such Receivable is a Loan or a Lease that is not a SUBI Asset) or the Collateral Agent (if such Receivable is a Lease that is a SUBI Asset) a first priority perfected ownership interest in such Receivable have been made (except to the extent the Equipment secures any receivable that is cross-collateralized with such Receivable).

  • With respect to any Series 2014-1A SUBI Asset reallocated to the UTI on any date, any Collection received on or prior to the last day of the Collection Period preceding such date shall not be deemed allocated to the UTI.

  • At or prior to the Closing Time, the Titling Trustee will have allocated 2003-A Leases and 2003-A Vehicles as SUBI Assets that have an Aggregate Cutoff Date Securitization Value equal to $1,425,005,313.53; and each of the 2003-A Leases and 2003-A Vehicles allocated as a SUBI Asset at the Closing Time will meet the eligibility criteria for selection described in the SUBI Trust Agreement and the Servicing Agreement.

  • In the event of any conflict between the provisions of this Series 2014-1 SUBI Supplement and the Trust Agreement with respect to the Series 2014-1 SUBI or any Series 2014-1 SUBI Asset, the provisions of this Series 2014-1 SUBI Supplement shall prevail.

  • With respect to any Series 2013-1A SUBI Asset reallocated to the UTI on any date, any Collection received on or prior to the last day of the Collection Period preceding such date shall not be deemed allocated to the UTI.

  • With respect to any Series 2013-1 SUBI Asset reallocated to the UTI on any date, any Collection received on or prior to the last day of the Collection Period preceding such date shall not be deemed allocated to the UTI.

  • Based upon their identification and allocation by the Servicer pursuant to the 2016-A Servicing Supplement, the Titling Trustee hereby identifies and allocates as 2016-A SUBI Assets the 2016-A Leases and 2016-A Vehicles more particularly described on the Schedule of 2016-A Leases and 2016-A Vehicles and the related Trust Assets described above, each such 2016-A SUBI Asset to be identified on the books and accounts of the Titling Trust as being allocated to the 2016-A SUBI.

  • In the event of any conflict between the provisions of this Series 2013-2 SUBI Supplement and the Trust Agreement with respect to the Series 2013-2 SUBI or any Series 2013-2 SUBI Asset, the provisions of this Series 2013-2 SUBI Supplement shall prevail.

  • By accepting this UTI Certificate, the Holder hereof expressly (i) waives any Claim to any proceeds or assets of the Trustee and to all Trust Assets other than UTI Assets and proceeds thereof and (ii) subordinates in favor of each Holder of a SUBI Certificate any Claim to any related SUBI Asset that, notwithstanding clause (i) of this sentence may be determined to exist.

  • With respect to any Series 2015-1 SUBI Asset reallocated to the UTI on any date, any Collection received on or prior to the last day of the Collection Period preceding such date shall not be deemed allocated to the UTI.

Related to SUBI Asset

  • SUBI Assets means the Leases, the SUBI Equipment and any related assets allocated to the Series 2014-1 SUBI.

  • SUBI has the meaning set forth in the Recitals.

  • SUBI Certificate has the meaning set forth in Section 3.02(a) of the Titling Trust Agreement.

  • Titling Trust means GE TF Trust, a Delaware statutory trust.

  • SUBI Collections has the meaning set forth in the Indenture.

  • Titling Trust Agreement means the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998, among NILT Trust, as the Grantor and the UTI Beneficiary, the Servicer, the Delaware Trustee, the Titling Trustee and the Trust Agent.

  • Securitization Asset means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue streams and other rights to payment or related assets and the proceeds thereof and (b) all collateral securing such receivable or asset, all contracts and contract rights, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and records with respect to such account or asset and any other assets customarily transferred (or in respect of which security interests are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction.

  • Trust Interest means an account owner's interest in the trust created by a participating trust

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Servicing Rights means rights of any Person, to administer, service or subservice, the Purchased Assets or to possess related Servicing Records.

  • Securitization Trust means a trust formed pursuant to a Securitization.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • 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.

  • Related Security means, with respect to any Receivable:

  • SUBI Trust Agreement means the Vehicle Trust Agreement as supplemented by that certain supplement, dated as of October 11, 2023, among the parties to the Vehicle Trust Agreement, as amended or supplemented from time to time.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Pledged Trust Interests means all interests in a Delaware business trust or other trust including, without limitation, all trust interests listed on Schedule 4.4(A) under the heading “Pledged Trust Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such trust interests and any interest of such Grantor on the books and records of such trust or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such trust interests.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Other Securitization Trust Any “issuing entity” (within the meaning of Item 1101(f) of Regulation AB) that holds a Serviced Companion Loan or successor REO Companion Loan (or any portion thereof or interest therein), as identified in writing to the parties to this Agreement.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Servicing Rights Pledgee One or more lenders, selected by the Servicer, to which the Servicer may pledge and assign all of its right, title and interest in, to and under this Agreement.

  • Mortgage-related security means an obligation that is rated AA or higher (or the equivalent) by a securities rating agency recognized by the Securities Valuation Office of the NAIC and that either:

  • Restricted Asset has the meaning specified in Section 2.4(1).