TRS Facility definition

TRS Facility means that certain Confirmation, Credit Support Annex, ISDA Master Agreement and ISDA Schedule, each dated June 6, 2008, between CIT Financial Ltd. and Xxxxxxx Xxxxx International, as amended, restated, modified, renewed, refunded, replaced or refinanced, in whole or in part, from time to time.
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TRS Facility means that certain Confirmation, Credit Support Annex, ISDA Master Agreement and ISDA Schedule, each dated June 6, 2008 between CIT Financial Ltd. and Goldman Sachs International (as in effect on the Issue Date)), as amended, restated, modified, renewed, refunded, replaced (whether upon or after termination or otherwise) or refinanced in whole or in part from time to time.
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TRS Facility means that certain Confirmation, Credit Support Annex, ISDA Master Agreement and ISDA Schedule, each dated June 6, 2008 between CIT Financial Ltd. and Goldman Sachs International, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time. Table of Contents
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Examples of TRS Facility in a sentence

  • Indebtedness under the TRS Facility outstanding on the Issue Date will initially be deemed to have been incurred on such date in reliance on the exception provided by clause (19) of the definition of Permitted Debt.

  • Seller warrants and will defend, and shall cause Servicer to defend, the right, title and interest of (i) Buyer in and to all Purchased Assets and the related Repurchase Assets, (ii) Trust Subsidiary and each TRS Facility Entity, as applicable, in and to all REO Properties held by it and (iii) Trust Subsidiary in and to all Trust Mortgage Loans held by it, in each case, against all adverse claims and demands.

  • Subject to the terms of the Program Agreements, the TRS Subsidiary is the sole record and beneficial owner of, and has title to, the ownership Interests of each other TRS Facility Entity, free of any and all Liens or options in favor of, or claims of, any other Person, except the Lien created herein pursuant to the terms of the Program Agreements.

  • The Servicer is hereby notified and acknowledges that Trust Subsidiary or a TRS Facility Entity is the “owner” of the REO Properties and Mortgage Loans (each as defined below) for purposes of the Servicing Agreement and that the Seller is the owner of the beneficial ownership interest in the REO Properties and Mortgage Loans.

  • The Seller or Guarantor shall continue to maintain, for Seller, Trust Subsidiary and each TRS Facility Entity, Fidelity Insurance in an aggregate amount at least equal to $1,000,000.

  • Each of the Seller and the Trust Subsidiary shall continue to maintain or cause each TRS Facility Entity to maintain homeowners or other liability insurance covering each REO Property as contemplated by the applicable Servicing Agreement, the Seller Operating Agreement and the Asset Management Agreement.

  • The Seller has not waived or agreed to any waiver under, or agreed to any amendment or other modification of, the Trust Agreements or the TRS Facility Entity Documents except as agreed to by Buyer in writing.

  • The Seller or Guarantor shall maintain, for Seller, Trust Subsidiary and each TRS Facility Entity, Fidelity Insurance in respect of its officers, employees and agents, with respect to any claims made in connection with all or any portion of the Repurchase Assets.

  • Cedarhurst TRS Facility Master Tenant’s financial statements pertaining to the operations of the Cedarhurst Facility for the period ended December 31, 2016 (the “2016 Cedarhurst Financial Statement”) and for the three months ended March 31, 2017 (the “First Quarter 2017 Cedarhurst Financial Statement” ) are attached hereto as Schedule 6.14 (the 2016 Cedarhurst Financial Statement and the First Quarter 2017 Cedarhurst Financial Statement collectively, the “Cedarhurst Financial Statements”).

  • From time to time, the Seller may request a release of REO Property or Trust Mortgage Loans from the Trust Subsidiary or a TRS Facility Entity in conjunction with an Optional Prepayment.


More Definitions of TRS Facility

TRS Facility means the total return swap facility that OCP Credit Trust expects to enter into as described under “Investment Strategy – Leverage”.
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TRS Facility means that certain ISDA Master Agreement, Schedule to the ISDA Master Agreement, Credit Support Annex and Confirmation, each dated June 6, 2008, between CIT Financial Ltd. and Xxxxxxx Xxxxx International, as modified pursuant to the Amended and Restated Confirmation dated October 28, 2009, between CIT Financial Ltd. and Xxxxxxx Sachs International, the guarantee in support of the obligations of CIT Financial Ltd. thereunder by the Company, and the guarantees in support of the obligations of CIT Financial Ltd. thereunder by the Company and CIT Financial (Barbados) Srl, in each case as amended, supplemented, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time.
Sample 1
TRS Facility means that certain ISDA Master Agreement, Schedule to the ISDA Master Agreement, Credit Support Annex and Confirmation, each dated June 6, 2008, between CIT Financial Ltd. and Xxxxxxx Xxxxx International, as it may be modified pursuant to the Amended and Restated Confirmation to be dated on or about October 28, 2009, between CIT Financial Ltd. and Xxxxxxx Sachs International and in form and substance satisfactory to the Lenders Steering Committee (the “Amended Confirmation”), the guarantee in support of the obligations of CIT Financial Ltd. thereunder by Company (as may be amended and in form and substance satisfactory to the Lenders Steering Committee, the “Amended CIT Group Guarantee”) and the guarantees in support of the obligations of CIT Financial Ltd. thereunder by the Company and CIT Financial (Barbados) Srl, in each case as amended, supplemented, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time, provided, that the notional amount shall not, in any event, exceed the notional amount as of the Amendment Agreement Effective Date as it may be reduced by the Amended Confirmation.
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TRS Facility in Section 1.1 of the Credit Agreement is hereby amended by adding the following phrase after the phrase “from time to time” appearing therein: “, by the Second Amended Confirmation or otherwise,”
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TRS Facility means that certain ISDA Master Agreement, Schedule to the ISDA Master Agreement, Credit Support Annex and Confirmation, each dated June 6, 2008, between CIT Financial Ltd. and Goldman Sachs International, as modified pursuant to the Amended and Restated Confirmation dated October 28, 2009, between CIT Financial Ltd. and Goldman Sachs International, the guarantee in support of the obligations of CIT Financial Ltd. thereunder by the Company, and the guarantees in support of the obligations of CIT Financial Ltd. thereunder by the Company and CIT Financial (Barbados) Srl, in each case as amended, supplemented, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time.
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Related to TRS Facility

  • Holding facility means a designated area for the retention of

  • Related facilities means any ancillary facilities owned by the Company which are —

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • Facility Site means the site described in Schedule B. “FERC” means the Federal Energy Regulatory Commission.

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Stand Alone System Upgrade Facilities means System Upgrade Facilities that a Developer may construct without affecting day-to-day operations of the New York State Transmission System during their construction. NYISO, the Connecting Transmission Owner and the Developer must agree as to what constitutes Stand Alone System Upgrade Facilities and identify them in Appendix A to this Agreement.

  • Interconnection Facilities means the Transmission Owner Interconnection Facilities and the Customer Interconnection Facilities.