VB Subsidiaries definition
Examples of VB Subsidiaries in a sentence
Except as disclosed in the Base Reports, none of the Seller, FCI, FMB or the VB Subsidiaries has received notice of any material violation of any legal requirements applicable to such VOI Regime; except where such noncompliance would not have a Material Adverse Effect.
Seller, FCI, FMB and the VB Subsidiaries (other than the VB Partnerships) are duly qualified to do business and are in good standing as a foreign corporations, and have obtained all necessary licenses and approvals in each jurisdiction in which failure to qualify or to obtain such licenses and approvals would render any Contract unenforceable by Seller, FCI, FMB or the VB Subsidiaries (other than the VB Partnerships), or would have a Material Adverse Effect.
None of the Seller, FRI, FMB or the VB Subsidiaries has waived any such default, breach, violation or event permitting acceleration with respect to such Series 2002-1 Loan.
Neither the Seller, FCI, FMB, nor any of the VB Subsidiaries has any other lock-box accounts for the collection of Payments in respect of Contracts, except for the Lock-Box Accounts.
Each of the other Facility Documents to which Seller, FCI, FMB or the VB Subsidiaries is a party have been duly executed and delivered on behalf of Seller, FCI, FMB and the VB Subsidiaries.
All Contracts and related assets are purchased without recourse to any of the Seller, FCI, FMB or the VB Subsidiaries except as described in this Agreement.
Neither Seller, FCI, FMB, any of the VB Subsidiaries, nor any Affiliate thereof is in default of any of its obligations thereunder in any material respect.
No part of the proceeds of any of the notes issued by the Issuer has been used by the Seller, FRI, FMB, SDI or any of the VB Subsidiaries for so purchasing or carrying margin stock or for any purpose that violates or would be inconsistent with the provisions of any of Regulations T, U or X of the Board of Governors of the Federal Reserve System.
From and after the Initial Closing Date, none of the Seller, FRI, FMB, SDI or the VB Subsidiaries shall have any right, title and/or interest in or to any of the Lockbox Accounts or the Post Office Boxes and will maintain no Lockbox accounts in their own names for the collection of payments in respect of the Loans.
None of the Seller, FRI, FMB, SDI, any of the VB Subsidiaries or any of its Affiliates (not including the Purchaser or the Issuer) is in default thereunder in any material respect.