Title Perfection Event definition

Title Perfection Event means, in relation to a Trust, each of the events referred to in clause 8.9 for that Trust and the events (if any) specified as Title Perfection Events in the relevant Series Notice.
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Title Perfection Event means either of (a) perfection of the Company's title to the Additional Mortgaged Property on or before January 31, 2016 by registration of the duly stamped and executed Additional Mortgage Deed and deposit of the Additional Mortgaged Property Documents with the Escrow Agent, or (b) an unconditional bank guarantee from a nationalised or a private bank for an amount of Rs. 25,00,00,000 (Rupees Twenty Five Crores) (issued by MDPL and or its Affiliates in favour of the Company and valid till October 05, 2016) being deposited with the Escrow Agent on or before January 31, 2016; and
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Title Perfection Event means, in relation to the Trust, the events set out in clause 13. -------------------------------------------------------------------------------- Total Available Funds means, for a Collection Period, the aggregate of:
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Examples of Title Perfection Event in a sentence

  • If a Title Perfection Event occurs, the Trustee with the assistance of the Servicer must take such steps as are necessary to perfect the Trustee's legal title in the Housing Loans.

  • If a Title Perfection Event occurs, the Trustee must take certain actions to perfect its legal title in the Housing Loans.

  • Except as otherwise provided in the relevant Servicing Agreement, the Trustee shall not take any such action until the occurrence of a Title Perfection Event and until directed to do so by the Manager.

  • Each Noteholder acknowledges that the Note Trustee has no duty, and is under no obligation, to investigate whether a Manager's Default, Servicer Transfer Event or Title Perfection Event has occurred in relation to the Trust other than where it has actual notice.

  • If directed to so do by the Trustee following a Title Perfection Event, it will promptly take action to perfect the Trustee's legal title to the Housing Loans.In performing any services the Servicer shall have regard to whether what it does or does not have any Adverse Effect.

  • Except as otherwise provided in the relevant Servicing Agreement, the Trustee shall not take any such action until the occurrence of a Title Perfection Event.

  • We took the sum of the mass of the MS star and the fraction of mass ( fG = 0.5) of the G star, Mtmp = MMS + fG · MG.MS-CO.

  • The Trustee will not be entitled to take any steps to perfect its legal title or give notice to any party to the Title Documents unless a Title Perfection Event occurs.

  • The Title Perfection Reserve may be used to pay all costs and expenses in relation to the perfection of the Trustee’s legal title to the Purchased Receivables and related Receivable Rights following the occurrence of a Title Perfection Event.

  • The Title Perfection Reserve can only be utilised by the Trustee to pay all costs and expenses in relation to the perfection of the Trustee’s legal title to the Purchased Receivables and related Receivable Rights following the occurrence of a Title Perfection Event.


More Definitions of Title Perfection Event

Title Perfection Event means, in relation to the Trust, the events set out in clause 10. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Page 21 Supplementary Terms Notice Xxxxx Xxxxx & Xxxxxxx -------------------------------------------------------------------------------- Total Available Funds means, for a Collection Period, the aggregate of:
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Title Perfection Event means in respect of a Trust:
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Title Perfection Event means, in relation to the Trust, the events set out in clause 10.
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Related to Title Perfection Event

  • Excluded Perfection Assets means, collectively:

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Adverse Grantor Trust Event As defined in Section 10.02(e).

  • Perfection Representations means the representations, warranties and covenants set forth in Schedule 1 attached hereto.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Immaterial Title Deficiencies means minor defects or deficiencies in title which do not diminish more than 2% of the aggregate value of the Oil and Gas Properties evaluated in the Reserve Report used in the most recent determination of the Borrowing Base.

  • Investment Property Control Agreement means an agreement in writing, in form and substance satisfactory to Agent, by and among Agent, any Borrower or Guarantor (as the case may be) and any securities intermediary, commodity intermediary or other person who has custody, control or possession of any investment property of such Borrower or Guarantor acknowledging that such securities intermediary, commodity intermediary or other person has custody, control or possession of such investment property on behalf of Agent, that it will comply with entitlement orders originated by Agent with respect to such investment property, or other instructions of Agent, and has such other terms and conditions as Agent may require.

  • Supplemental Perfection Certificate means a certificate substantially in the form of Exhibit G or any other form approved by the Administrative Agent.

  • Permitted Priority Liens means Liens permitted under any of the clauses (b), (c), (d), (e), (f) or (i) of Section 9.02.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Permitted Encumbrances means:

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Lender Insolvency Event means that (i) a Lender or its Parent Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (ii) such Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment.

  • Targeted Unsuccessful Security Incident means an Unsuccessful Security Incident that appears to be an attempt to obtain unauthorized Access, Use, Disclosure, modification or destruction of the Covered Entity’s Electronic PHI.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Property Condition Report means a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion.

  • Permitted Existing Liens means the Liens on assets of the Company and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement.

  • Permitted Collateral Liens means any “Permitted Liens” other than Liens specified in clauses (2), (3), (4), (5), (14) or (18) of the definition of “Permitted Liens.”

  • Second Priority Collateral Documents means the Initial Second Priority Collateral Documents and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any Grantor for purposes of providing collateral security for any Second Priority Debt Obligation.

  • Specified Asset as defined in subsection 4.2.2 hereof.

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Perfection Certificates is defined in Section 5.1.

  • Perfection Certificate is defined in Section 5.1.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.