Transferred Portfolio definition

Transferred Portfolio has the meaning give to such term in Section 2.07(d)(ii).
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Transferred Portfolio will be determined as follows: (A) if the Accounting Value of the Specified Portfolio as of the Closing Date equals the Closing Required Asset Value, the Transferred Portfolio will comprise all, and only, the cash and Investment Assets in the Specified Portfolio as of immediately prior to the Closing; (B) if the Accounting Value of the Specified Portfolio as of the Closing Date is less than the Closing Required Asset Value, the Transferred Portfolio will comprise (x) all of the cash and Investment Assets in the Specified Portfolio as of immediately prior to the Closing and (y) cash or other Investment Assets selected by Seller in accordance with the Pre-Closing Investment Guidelines that have an aggregate Fair Market Value equal to the amount of such shortfall; and (C) if the Accounting Value of the Specified Portfolio as of the Closing Date is greater than the Closing Required Asset Value, Seller will select for removal from the Specified Portfolio cash or Investment Assets that have an aggregate Accounting Value equal to such excess in accordance with the Selection Waterfall. The cash and Investment Assets remaining in the Specified Portfolio after such removal will be the Transferred Portfolio.
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Transferred Portfolio has the meaning give to such term in Section 2.07(d)(ii). “Transition Services Agreement” has the meaning given to such term in the Recitals. “Triggering Event” has the meaning given to such term in the form of the Reinsurance Agreement attached hereto as Exhibit B.
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Examples of Transferred Portfolio in a sentence

  • As of each Purchase Date, Schedule A is an accurate and complete listing of all the Transferred Portfolio Investments and other Transferred Assets hereunder as of such Purchase Date.

  • The cash and Investment Assets remaining in the Specified Portfolio after such removal will be the Transferred Portfolio.

  • The Transferor agrees that the Transferee may pledge all of its right, title and interest in, to and under the Transferred Portfolio Investments, the Portfolio Investment Property with respect thereto and this Agreement to the Collateral Agent pursuant to the Loan and Security Agreement for the benefit of the Secured Parties.

  • The Transferor shall, at its own expense, on or prior to each Transfer Date, indicate in its computer files created in connection with the Transferred Portfolio Investments and Portfolio Investment Property with respect thereto for such Transfer Date that such Transferred Portfolio Investments and Portfolio Investment Property have been Transferred to the Transferee pursuant to this Agreement.

  • The Liens granted to the Transferee pursuant to Section 2.03 by the Transferor are fully perfected first priority Liens in and to the Transferred Portfolio Investments and the Portfolio Investment Property with respect thereto, subject only to Permitted Liens.

  • The Transferor shall not Transfer (by operation of law or otherwise) or otherwise dispose of any Transferred Portfolio Investments or Portfolio Investment Property with respect thereto, except as otherwise expressly permitted by this Agreement or any other Loan Document.

  • A carbon, photographic or other reproduction of this Agreement or of any notice or financing statement covering the Transferred Portfolio Investments or any part thereof and the Portfolio Investment Property with respect thereto shall be sufficient as a notice or financing statement where permitted by law.

  • With respect to each Transferred Portfolio Investment sold hereunder, the Seller sold such Transferred Portfolio Investment to the Purchaser in exchange for payment, made in accordance with the provisions of this Agreement, in an amount which constitutes fair consideration and reasonably equivalent value.

  • If any amount payable under or in connection with any of the Transferred Portfolio Investments or Portfolio Investment Property with respect thereto is or shall become evidenced by any instrument, such instrument, other than checks and notes received in the ordinary course of business, shall be duly endorsed in a manner satisfactory to the Transferee immediately upon the Transferor’s receipt thereof and promptly delivered to or at the direction of the Collateral Agent.

  • After the Transfer by the Transferor of any Transferred Portfolio Investment and the Portfolio Investment Property with respect thereto, the Transferor shall not create, incur, assume or permit to exist any adverse claim on or with respect to such Transferred Portfolio Investment or the Portfolio Investment Property with respect thereto, except for Permitted Liens.


More Definitions of Transferred Portfolio

Transferred Portfolio means the portfolio of PLB Transferred Insurance Policies transferred by PLB to WOB as per the terms of this Agreement;
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Transferred Portfolio has the meaning specified in Section 3.3(b).
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Related to Transferred Portfolio

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Proposed Portfolio The portfolio of Collateral Obligations and Eligible Investments resulting from the proposed purchase, sale, maturity or other disposition of a Collateral Obligation or a proposed reinvestment in an additional Collateral Obligation, as the case may be.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Transferred Equity means the equity interest in the Company which the WFOE has the right to request either of the Company Shareholders to transfer to it or its designated entity or individual in accordance with Article 3 hereof when the WFOE exercises its Equity Transfer Option, the quantity of which may be all or part of the Option Equity and the specific amount of which shall be determined by the WFOE at its sole discretion in accordance with the then-effective PRC Law and based on its commercial consideration.

  • Product Portfolio means a set of information related to the DS Offerings available at xxxx://xxx.0xx.xxx/terms/product-portfolio.

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Selling Portfolio has the meaning specified in Section 2.10;

  • Purchased Loan means each motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by the Originator from such Dealer and evidenced by a Purchased Loan Contract; provided, however, that the term “Purchased Loan” shall, for purposes of this Agreement, include only those Purchased Loans identified from time to time on Schedule A hereto.

  • Investment Portfolio means invested assets (including cash and cash equivalents, short-term investments, bonds or other fixed income securities and equity investments).

  • Reference Portfolio means, the notional portfolio made up of each Reference Asset, as described in this Information Statement under “Reference Portfolio”.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Purchasing Portfolio has the meaning specified in Section 2.10;

  • Current Portfolio At any time, the portfolio of Collateral Obligations and Cash and Eligible Investments representing Principal Proceeds (determined in accordance with Section 1.3 to the extent applicable), then held by the Issuer.

  • Purchased Student Loan means a Trust Student Loan which is, as of the close of business on the last, day of a Collection Period, purchased by the Servicer pursuant to Section 3.05 of the Servicing Agreement or repurchased by the Depositor pursuant to Section 6.01 of the Sale Agreement or purchased by the Sellers pursuant to Section 6.01 of the Purchase Agreements.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Transferred Receivables means any Receivables that have been sold, contributed or otherwise transferred to an Eligible Transferee in connection with a Permitted Supply Chain Financing that is permitted under the Credit Agreement.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Transferred IP means the Intellectual Property Rights that are both (a) owned by the Seller or in the case of rights licensed in to Seller by a third party under a Licensed-In Transferred IP Agreement, all of the rights Seller has under such agreement, and (b) embodied in the Transferred Technology.

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • Portfolio Asset means an asset of an investment fund;

  • Repurchased Loan has the meaning set forth in Section 2.3(a).

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.