SUBI Assets definition

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

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SUBI Assets means a separate portfolio of Origination Trust Assets allocated to a SUBI.

SUBI Assets has the meaning assigned to such term in Section 7(a)(i).

Examples of SUBI Assets in a sentence

• The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to each SUBI or the related SUBI Assets shall be enforceable against such SUBI Assets only, and not against the assets of the Trust generally or against any other SUBI Assets or the UTI Assets.

• Except to the extent required by law or specified in this Agreement or in any applicable SUBI Supplement, SUBI Assets with respect to a particular SUBI shall not be subject to claims, debts, liabilities, expenses or obligations arising from or with respect to the Trust, the Trustee, the UTI or any other SUBI.

• No co-trustee, separate trustee, or nominee under this Agreement shall be required to meet the terms of eligibility as a successor trustee pursuant to Section 6.2, except that no co-trustee, separate trustee or nominee with respect to any SUBI or any SUBI Assets under this Agreement may be the UTI Holder or any Affiliate thereof.

• Upon their allocation as SUBI Assets, such Trust Assets shall no longer be assets of, or allocated to, the Undivided Trust Interest (unless and until specifically reallocated to the Undivided Trust Interest from that SUBI Portfolio pursuant to the terms hereof or of any SUBI Supplement).

• Such supplemental agreements may provide, among other things, for further specific servicing obligations relating to SUBI Assets for the particular benefit of holders of related SUBIs. Such supplemental agreements may permit the termination of this Agreement insofar as it applies to such SUBI Assets upon the terms and conditions set forth therein; however, no such supplemental agreement shall permit the termination of this Agreement insofar as it applies to other Trust Assets except as provided herein.

More Definitions of SUBI Assets

SUBI Assets shall be deemed to refer more specifically to the Leases, the related Equipment and the other related assets included in the Series 2014-1 SUBI;

SUBI Assets shall have the meaning set forth in Section 4.1(a).

SUBI Assets is defined in the Origination Trust Agreement.

SUBI Assets means, with respect to any SUBI, those Titling Trust Assets that are identified as relating to and allocated to such SUBI by the Titling Trustee upon the written direction of the UTI Beneficiary pursuant to the Titling Trust Agreement and related SUBI Supplement.

SUBI Assets has the meaning set forth in Section 2.1(a).

SUBI Assets means Trust Assets that are from time to time allocated by the UTI Beneficiary, in accordance with the Trust Agreement, into one or more separate portfolios of Trust Assets (together with any other Trust Assets allocated to or earned by any such portfolio(s)), and any proceeds thereof.

SUBI Assets. With respect to any SUBI Certificate pledged under the Indenture, the related SUBI Assets (as such term is defined in Section 4.1(a) of the Trust Agreement).