Subsequent Conveyed Assets definition

Subsequent Conveyed Assets has the meaning set forth in Section 2.2 of the Contribution Agreement.

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Subsequent Conveyed Assets has the meaning specified in Section 2.2.

Subsequent Conveyed Assets means, with respect to any Subsequent Transfer Agreement (a) all of the Sellers' right, title and interest in and to the Subsequent Equipment relating to Subsequent Contracts (except for any licensed products that may accompany the Subsequent Equipment) and any new unit or units of Equipment substituted for any existing unit or units of Subsequent Equipment, including all income and proceeds upon any sale or other disposition of the Subsequent Equipment, (b) all of the Sellers' right, title and interest in and to, but not its obligations under, the Subsequent Contracts, and all amendments, additions and supplements including schedules, summary schedules and subschedules made or hereafter made with respect thereto, (c) all monies due or to become due in payment of the Subsequent Contracts on or after the related Subsequent Cut-Off Date, including without limitation, all Scheduled Payments thereunder (whether or not due), any Prepayments, any payments in respect of a casualty or early termination and any Liquidation Proceeds received with respect thereto, but excluding any Excluded Amounts, (d) the Contract Files, (e) all Insurance Proceeds relating to the foregoing and the Sellers' rights and interests in the Insurance Policies relating to the foregoing, (f) the Source Agreement and Source Agreement Rights to the extent they relate to any Subsequent Contract and any Subsequent Equipment covered by the Subsequent Contracts and (g) all proceeds and income of the foregoing or relating thereto.

Examples of Subsequent Conveyed Assets in a sentence

In consideration of the contribution of the Subsequent Conveyed Assets contributed to the Depositor on each Funding Date, the Depositor shall pay to the Originator on such date an amount equal to the estimated fair market value of the related Subsequent Conveyed Assets on such Funding Date (the “Purchase Price”).
Notwithstanding the preceding sentence, if the Purchase Price to be paid by the Depositor for such Subsequent Conveyed Assets exceeds the amount of any cash payments paid by the Issuer to the Depositor on such Funding Date for such Subsequent Conveyed Assets, then an undivided interest in such Subsequent Conveyed Assets in an amount equal to such excess shall be deemed to have been contributed to the Depositor by Santander Consumer.
Upon receipt of the consideration specified in subsection (c) below, the Originator hereby releases all of its right, title and interest in, to and under the Subsequent Conveyed Assets, such receipt being hereby acknowledged by the execution of this Agreement by the Originator.
The Receivables Sale Agreement provides that each such sale, conveyance and contribution of Subsequent Conveyed Assets be evidenced by the execution and delivery of a Subsequent Receivables Sale Agreement such as this Subsequent Receivables Sale Agreement (this "Agreement").
In connection with the transfers on Subsequent Funding Date, the Originator hereby makes a capital contribution to the related Transferor in the amount by which the fair market value of the Subsequent Conveyed Assets exceeds the cash consideration received by the Originator in connection therewith.
It is the intention of the parties hereto that the transfer of the Subsequent Conveyed Assets to be made pursuant to the terms hereof shall constitute a sale or capital contribution of (x) the Contracts by the Originator to Transferor I, and (y) the ownership interest or security interest of the Originator in each item of Equipment and any Residual Receipts by the Originator to Transferor II, and, in either case, not a loan.
Pursuant to the Receivables Sale Agreement, the Originator agreed to sell, convey and contribute, and the Transferors agreed to accept, from time to time, Subsequent Conveyed Assets.
The purchase price for any Subsequent Conveyed Assets will be paid by the applicable Transferor to the Originator in immediately available funds on the related Subsequent Funding Date in accordance with the terms of the related Subsequent Receivables Sale Agreement.
The transfer by the Sellers to the Trust of the Subsequent Conveyed Assets identified on each List of Subsequent Contracts shall be absolute and is intended by the Sellers and the Trust to constitute and to be treated as a sale of the Subsequent Conveyed Assets by each Seller to the Trust.
The transfer by a Transferor to LLC I and/or LLC II of the Subsequent Contracts and the Subsequent Conveyed Assets identified on each List of Subsequent Contracts shall be absolute and is intended by such Transferor and LLC I and/or LLC II to constitute and to be treated as a sale and an absolute assignment of the Subsequent Contracts and the Subsequent Conveyed Assets by such Transferor to LLC I and/or LLC II.

More Definitions of Subsequent Conveyed Assets

Subsequent Conveyed Assets. As defined in Section 2.01 of the Purchase Agreement.

Subsequent Conveyed Assets means (a) the Subsequent Transferred Assets, (b) all of the Issuer’s rights under the Sale Agreement and (c) all proceeds of the foregoing.

Subsequent Conveyed Assets means, the Conveyed Assets that relate to, and include, the Subsequent Contracts.

Subsequent Conveyed Assets means, with respect to any Subsequent Transfer Agreement, (a) all of the related Transferor's right, title and interest in and to the Equipment relating to Subsequent Contracts (except for any licensed products that may accompany such Equipment) and any new unit or units of Equipment substituted for any existing unit or units of such Equipment, (b) all of the related Transferor's, right, title and interest in and to, but not its obligations under, the Subsequent Contracts, and all amendments, additions and supplements including schedules, summary schedules and subschedules made or hereafter made with respect thereto, (c) all monies due in payment of the Subsequent Contracts on or after the related Subsequent Cut-Off Date, including without limitation, all Scheduled Payments thereunder (whether or not due), any Prepayments, any payments in respect of a casualty or early termination and any Liquidation Proceeds received with respect thereto, but excluding any Excluded Amounts, (d) any guarantees of an Obligor's obligations under each such Contract, (e) the related Contract Files, (f) all Insurance Proceeds relating to the foregoing and the related Transferor's rights and interests in the Insurance Policies relating to the foregoing and (g) all proceeds and income of the foregoing or relating thereto.