UDRC II definition

UDRC II means Ugly Duckling Receivables Corp. II, a Delaware corporation.
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Examples of UDRC II in a sentence

  • Borrower, UDRC and UDRC II and each of their Affiliates are in full compliance with their respective obligations under the UDRC Securitization Documents and the UDRC II Securitization Documents, and no Securitization Default exists.

  • All financial statements relating to Borrower, UDRC and UDRC II that have been delivered by Borrower to Lender have been prepared in accordance with GAAP (except, in the case of unaudited financial statements, for the lack of footnotes and being subject to year-end audit adjustments) and fairly present the financial condition as of the date thereof and the results of operations for the period then ended for Borrower and its consolidated Subsidiaries, except as disclosed on Schedule D.

  • Pledgor has not and will not permit UDRC or UDRC II to, rescind, amend, alter, revoke or modify the Standing Dividend Resolutions, the UDRC Dividend Direction Letter or the UDRC II Dividend Direction Letter, as the case may be, in any respect without the prior written consent of Lender.

  • Pledgor shall promptly deliver to Lender, or cause UDRC or UDRC II or any other entity issuing the Collateral to deliver directly to Lender, share certificates or other instruments representing any Collateral issued to, acquired or received by Pledgor after the date of this Pledge Agreement with a stock or bond power duly executed by Pledgor.

  • Except as expressly consented to by Lender in writing, directly or indirectly, amend, modify, alter, increase, or change any of the terms or conditions of the UDRC Securitization Documents or the UDRC II Securitization Documents.

  • Permit UDRC or UDRC II to incur, assume, or permit to exist, directly or indirectly any Indebtedness.

  • Borrower shall timely pay and shall cause its Subsidiaries to timely pay all Indebtedness which, if not paid, could result in the imposition of a Lien on any of the assets of UDRC or UDRC II.

  • Create, incur, assume, or permit to exist, directly or indirectly, any lien on or with respect to any of the assets of UDRC and UDRC II, including the UDRC Class B Certificates, the UDRC II Class B Certificates, or any income or profits from any of the foregoing, except for Permitted Liens listed on Schedule E or liens of Lender.

  • Pledgor is the sole holder of fifty (50) shares of common stock, $.01 par value per share in UDRC and fifty (50) shares of common stock, $.01 par value per share, in UDRC II (collectively, the "Pledged Shares").

  • Pledgor represents and warrants that it has directed UDRC and UDRC II, in accordance with Section 217 of the Delaware General Corporation Law, to reflect on UDRC's and UDRC II's books, respectively, the right of Lender to vote the Pledged Shares.

Related to UDRC II

  • CIM means Common Infrastructure Model.

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • SPE Equity Owner is not applicable. Borrower will not be required to maintain an SPE Equity Owner in its organizational structure during the term of the Loan and all references to SPE Equity Owner in this Loan Agreement and in the Note will be of no force or effect.

  • Xxxxxxx Group means (i) any member of the Xxxxxxx Family, (ii) Xxxxxxx Energy Partners I, LP and SEP Management I, LLC, (iii) Xxxxxxx Parent, (iv) Xxxxxxx Investor, (v) Xxxxxxx Production Partners LP, (vi) Xxxxxxx Oil & Gas Corporation, (vii) Blackstone Newco and (viii) any Person Controlled by any one or more of the foregoing (other than the General Partner, the Partnership or any of their respective Subsidiaries).

  • CCMA means the Commission for Conciliation, Mediation and Arbitration established in terms of section 112 of the Labour Relations Act, 1995;

  • Xxxxx Group means Xxxxx and any Affiliate of Xxxxx.

  • CCR means the California Code of Regulations.

  • Prime Vendor – means any person (natural or juristic) who forwards an acceptable proposal in response to this RFB with the intention of being the main contractor should the proposal be awarded to him/her.

  • CDSX means the settlement and clearing system of CDS Clearing and Depository Services Inc. for equity and debt securities in Canada;

  • Portfolio Company means the issuer or obligor under any Portfolio Investment held by any Obligor.

  • Xxxx Group means collectively Xxxx Capital Fund V, L.P., Xxxx Capital Fund V-B, L.P., BCIP Associates, BCIP Trust Associates, L.P. and Xxxxxxxx Street Partners.

  • SLDC means the State Load Dispatch Center as notified by the State Government.

  • CEC means the California Energy Commission or its successor agency.

  • Domestic Foreign Holding Company means any Domestic Subsidiary of the Borrower that owns no material assets (held directly or indirectly through one or more disregarded entities) other than capital stock (or capital stock and/or debt) of one or more Foreign Subsidiaries that are CFCs and/or Domestic Foreign Holding Companies.

  • JV means Joint Ventures

  • Portfolio Companies means any Person in which any Fund owns or has made, directly or indirectly, an investment.