Transfer Restriction Event definition

Transfer Restriction Event shall have the meaning specified in Section 2.11.

Transfer Restriction Event has the meaning specified in the Transfer Agreement or in the related Receivables Purchase Agreement, as applicable.

Transfer Restriction Event has the meaning specified in the Transfer and Servicing Agreement.

Examples of Transfer Restriction Event in a sentence

• Notwithstanding any cessation of the sale to TRS of additional Receivables, Receivables sold to TRS prior to the occurrence of the Transfer Restriction Event and Collections in respect of such Receivables shall continue to be property of TRS available for transfer by TRS to RFC VIII pursuant to the TRS-RFC VIII Receivables Purchase Agreement and by RFC VIII to the Trust pursuant to the Transfer Agreement.

• If a Transfer Restriction Event occurs, Centurion agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to TRS, after the date of such Transfer Restriction Event, all Collections with respect to Receivables previously sold to TRS.

• If a Transfer Restriction Event occurs, FSB agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to TRS, after the date of such Transfer Restriction Event, all Collections with respect to Receivables previously sold to TRS.

• If a Transfer Restriction Event occurs, TRS agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC VIII, after the date of such Transfer Restriction Event, all Collections with respect to Receivables previously sold to RFC VIII.

• Notwithstanding any cessation of the sale to RFC VIII of additional Receivables, Receivables sold to RFC VIII prior to the occurrence of the Transfer Restriction Event and Collections in respect of such Receivables shall continue to be property of RFC VIII available for transfer by RFC VIII to the Trust pursuant to the Transfer Agreement.

More Definitions of Transfer Restriction Event

Transfer Restriction Event means that FSB is unable for any reason to transfer Receivables to TRS in accordance with the provisions of this Agreement, including by reason of the application of the provisions in Section 8.02 or any order of any Governmental Authority.

Transfer Restriction Event means any event that prevents BANA from selling Receivables to Funding under this Agreement. This term includes any Insolvency Event or any order of a Governmental Authority that has this effect.

Transfer Restriction Event means any event in which any Transferor is unable for any reason to transfer Receivables to the Trust in accordance with the provisions of the Transfer and Servicing Agreement or any order of any governmental authority.

Transfer Restriction Event means that Centurion is unable for any reason to transfer Receivables to TRS in accordance with the provisions of this Agreement, including by reason of the application of the provisions in Section 8.02 or any order of any Governmental Authority.

Transfer Restriction Event means that TRS is unable for any reason to transfer Receivables to RFC VIII in accordance with the provisions of this Agreement, including by reason of the application of the provisions in Section 8.02 or any order of any Governmental Authority.

Transfer Restriction Event means that Capital One is unable for any reason to transfer Receivables to Funding in accordance with the provisions of this Agreement, including by reason of the application of the provisions in Section 8.02 or any order of any Governmental Authority.

Transfer Restriction Event means that Centurion is unable for any reason to transfer Receivables to RFC III in accordance with the provisions of this Agreement, including by reason of the application of the provisions in Section 8.02 or any order of any Governmental Authority.