UTI Assets definition

UTI Assets shall have the meaning set forth in Section 4.1(a).

UTI Assets is defined in the Origination Trust Agreement.

UTI Assets means all Titling Trust Assets that have not been allocated to a SUBI Sub-Trust.

Examples of UTI Assets in a sentence

• The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the UTI or the UTI Assets shall be enforceable against the UTI Assets only, and not against the assets of the Trust generally or against any SUBI Assets.

• Separate and distinct records shall be maintained (directly or indirectly, including through a nominee or otherwise) for the UTI and the UTI Assets shall be held and accounted for separately from the other assets of the Trust or any SUBI.

• No co-trustee, separate trustee, or nominee under this Agreement shall be required to meet the terms of eligibility as a successor trustee pursuant to Section 6.2, except that no co-trustee, separate trustee or nominee with respect to the UTI, any UTI Assets, any SUBI or any SUBI Assets under this Agreement may be the Initial Beneficiary or any Affiliate thereof.

• The UTI Trustee shall in no event have any recourse to any SUBI Assets, including such SUBI Assets which were UTI Assets at the time a Claim against the UTI Trustee arose, and no SUBI Trustee shall have any recourse to any UTI Assets or any Trust Assets allocated to any other SUBI.

• In accordance with Section 3.01(a), the Servicer shall maintain separate and distinct records for the UTI Sub-Trust and the UTI Assets shall be held and accounted for separately from all other Titling Trust Assets.

More Definitions of UTI Assets

UTI Assets. This term shall have the meaning set forth in Section 4.1(a) of the Trust Agreement.

UTI Assets has the meaning set forth in Section 3.01(a).

UTI Assets or "SUBI Assets", as the case may be). Pursuant to the UTI Supplement, the UTI Assets were identified and allocated on the records of the Titling Trust as the UTI Sub-Trust, and the beneficial interest in the UTI Sub-Trust was designated as the UTI. The rights of the UTI Beneficiary to certain of the proceeds of the UTI Assets are further set forth in the Titling Trust Agreement and the UTI Supplement.

UTI Assets means: (i) cash capital; (ii) UTI Vehicles (excluding any proceeds arising therefrom or in connection therewith, unless such proceeds arise from UTI Leases); (iii) UTI Leases and all of Ryder's rights as Lessor thereunder, including the right to proceeds arising therefrom or in connection therewith; provided, however, that the Trust shall assign the right to all such proceeds to Ryder; and (iv) the Trust's rights as lessor under the UTI Master Lease, including rights to receive all rental payments owed to the lessor thereunder.

UTI Assets has the meaning set forth in the recitals.

UTI Assets or "SUBI Assets", as the case may be). Pursuant to the UTI Supplement, the UTI Assets were identified and allocated on the records of the Titling Trust as the UTI Sub-Trust, and the beneficial interest in the UTI Sub-Trust was designated as the UTI. The rights of the UTI Beneficiary to certain of the proceeds of the UTI Assets are further set forth in the Titling Trust Agreement and the UTI Supplement. This UTI Certificate is limited in right of payment to certain collections and recoveries respecting the Contracts (and the related Obligors) and the Leased Vehicles allocated to the UTI [Unit] Sub-Trust, all to the extent and as more specifically set in the Titling Trust Agreement and the UTI Supplement. Copies of the Titling Trust Agreement and the UTI Supplement may be examined during normal business hours at the principal office of the Titling Trustee, and at such other places, if any, designated by the Titling Trustee, or by the UTI Beneficiary upon request. By accepting this UTI Certificate or any interest herein, the UTI Beneficiary waives any claim to any proceeds or assets of the Titling Trustee and to all of the Titling Trust Assets other than those from time to time included within the UTI [Unit] Sub-Trust and those proceeds or assets derived from or earned by the UTI Assets. In addition, by accepting this UTI Certificate or any interest herein, the UTI Beneficiary hereby expressly subordinates any claim or interest in or to any Titling Trust Assets not included in the UTI [Unit] Sub-Trust that may be determined to exist in favor of such UTI Beneficiary notwithstanding the foregoing disclaimer to the rights and interests of each SUBI Beneficiary. The Titling Trust Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the parties thereto by written agreement between the UTI Beneficiary and the Titling Trustee to correct or supplement any provision in the Titling Trust Agreement, to cure any ambiguity, and to add, change or eliminate any other provision of the Titling Trust Agreement with respect to matters or questions arising under the Titling Trust Agreement. After the first Securitized Financing, any such amendment shall also require such additional approvals, if any, as are required under documents relating to each Securitized Financing. As provided in the Titling Trust Agreement and the UTI Supplement, this UTI Certificate and the underlying interests represente...

UTI Assets or "SUBI Assets", as the case may be). Pursuant to the UTI Supplement, the UTI Assets were identified and allocated on the records of the Titling Trust as the UTI Sub-Trust, and the beneficial interest in the UTI Sub-Trust was designated as the UTI. The rights of the UTI Beneficiary to certain of the proceeds of the UTI Assets are further set forth in the Titling Trust Agreement and the UTI Supplement. This UTI Certificate is limited in right of payment to certain collections and recoveries respecting the Contracts (and the related Obligors) and the Leased Vehicles allocated to the UTI