Examples of Third Tier Purchaser in a sentence
No failure or delay on the part of the Third Tier Purchaser, BAASC, 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.
BAASC makes the following representations and warranties as of the Closing Date on which the Third Tier Purchaser will be deemed to have relied in acquiring the Third Tier Purchased Assets.
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 Third Tier Purchaser or its assignees were utilized in selecting such Receivables.
Immediately prior to the sale, transfer, contribution, assignment and conveyance of the Receivables by BAASC to the Third Tier Purchaser, BAASC 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 Third Tier Purchaser, the Third Tier Purchaser will have good and marketable title to such Receivable free and clear of any Lien.
No notice to or demand on the Third Tier Purchaser or BAASC in either case shall entitle it to any notice or demand in similar or other circumstances.
Each Receivable was originated by the applicable Originator and was sold by BAASC to the Third Tier Purchaser without any fraud or misrepresentation on the part of the applicable Originator or BAASC.
BAASC is willing to sell, transfer, contribute and assign such portfolio of motor vehicle receivables and related property to the Third Tier Purchaser on the terms and conditions set forth in this Agreement.
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.
This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the other Third Tier Purchased Assets in favor of the Third Tier Purchaser, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from BAASC.
I'm Executive Vice President for Programs at the Commonwealth Fund and I'd like to thank all of you for coming and on behalf of the fund, I'd like to welcome you to this briefing.