World Omni definition

World Omni means World Omni Financial Corp., a Florida corporation, or its successors.
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World Omni means World Omni Financial Corp., a Florida corporation. The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms. Unless otherwise inconsistent with the terms of this Indenture, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in accordance with GAAP. Amounts to be calculated hereunder shall be continuously recalculated at the time any information relevant to such calculation changes.
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World Omni means World Omni Financial Corp., a Florida corporation.
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Examples of World Omni in a sentence

  • The preparation and delivery of the certificate referred to above with respect to a proposed transfer shall not be an expense of the Issuing Entity, the Owner Trustee, the Certificate Registrar, the Indenture Trustee, World Omni (in any capacity) or the Depositor.

  • Nothing in this Section 5.04 shall affect the obligation of World Omni to observe any applicable law prohibiting disclosure of information regarding the Obligors and the failure of World Omni to provide access to information as a result of such obligation shall not constitute a breach of this Section 5.04.

  • The sale and purchase of the Receivables shall take place at a closing at a place, on a date and at a time mutually agreeable to World Omni and WOAR and may occur simultaneously with the closing of any related transactions contemplated by (a) the Sale and Servicing Agreement and (b) the Indenture.

  • World Omni shall deliver such other documents as WOAR may reasonably request.

  • World Omni acknowledges and agrees that (a) WOAR will, pursuant to the Sale and Servicing Agreement, sell the Receivables to the Trust and assign its rights under this Agreement to the Trust and (b) the Trust will, pursuant to the Indenture, grant the Receivables and its rights under this Agreement and the Sale and Servicing Agreement to the Indenture Trustee on behalf of the Noteholders.

  • It is the intention of World Omni and WOAR that the assignment and transfer contemplated herein and by the RPA Assignment shall constitute (and shall be construed and treated for all purposes, other than for tax purposes, as) a true and complete sale of the Receivables identified in the RPA Assignment and other property specified in Section 2.01 hereof, conveying good title thereto free and clear of any liens and encumbrances, from World Omni to WOAR.

  • Such access shall be afforded without charge, but only upon reasonable request and during the normal business hours at the offices of World Omni.

  • World Omni shall provide to the Asset Representations Reviewer access to its records and documents related to the Receivables if the Asset Representations Reviewer is required to conduct a Review.

  • World Omni and WOAR wish to set forth the terms pursuant to which World Omni will sell the Receivables to WOAR.

  • World Omni hereby consents to all such sales and assignments and agrees that the Trust or, if pursuant to the Indenture, the Indenture Trustee, may exercise the rights of WOAR and enforce the obligations of World Omni hereunder directly and without the consent of WOAR.


More Definitions of World Omni

World Omni is the sole limited partner of XXXX XX. The sole general partner of XXXX XX is World Omni Lease Securitization, Inc., a Delaware corporation ("WOLSI") and a wholly owned subsidiary of World Omni. In order to better assure XXXX XX that it will be able to meet its financial obligations as and when they become due and payable, and therefore to assist XXXX XX in inducing third parties to enter into financial arrangements with it as it deems desirable, the undersigned have entered into a Support Agreement dated as of October 1, 1995, as amended by Amendment No. 1 to Support Agreement dated as of May 1, 1996, Amendment No. 2 to Support Agreement dated as of October 1, 1996, and Amendment No. 3 to Support Agreement dated as of May 1, 1997 (as so amended, the "Support Agreement") to provide support to XXXX XX in maintaining a favorable financial condition, and desires to amend the Support Agreement to provide additional support to XXXX XX. For the foregoing reasons, and for other good and valuable consideration, receipt of which is hereby acknowledged, World Omni, having a financial interest in XXXX XX, and XXXX XX, intending to be legally bound, hereby agree as follows:
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World Omni means World Omni Financial Corporation, d/b/a CenterOne Financial Services.
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World Omni means World Omni Financial Corp. and its successors. Defined terms used herein and not otherwise defined will have the meanings ascribed thereto in the Sale and Servicing Agreement as it exists on the date hereof, together with such amendments as shall be consented to by the Servicer.
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World Omni agrees that with respect to each Receivable of each such Dealer (i) the security interest in such Common Vehicle Collateral granted to World Omni pursuant to any Nonfloorplan Agreement is junior and subordinate to the security interest created by the related Floorplan Financing Agreement or Asset Based Lending Financing Agreement, (ii) World Omni has no legal right to realize upon such Common Vehicle Collateral or exercise its rights under the Nonfloorplan Agreement in any manner that is materially adverse to WODFI, the Trust, the Certificateholders or the Noteholders in respect of the Common Vehicle Collateral until all required payments in respect of such Receivable under the Floorplan Financing Agreement or Asset Based Lending Financing Agreement have been paid, and (iii) in realizing upon such Common Vehicle Collateral, neither WODFI nor the Trust shall have any obligation to protect or preserve the rights of World Omni in such Common Vehicle Collateral. WODFI agrees that with respect to each Receivable of each such Dealer (a) the security interest in such Common Non-Vehicle Collateral created by the Floorplan Financing Agreement or the Asset Based Lending Financing Agreement and hereby assigned to WODFI is junior and subordinate to the security interest therein created by the Nonfloorplan Agreement, (b) WODFI has no legal right to realize upon such Common Non- Vehicle Collateral or exercise its rights under the Floorplan Financing Agreement or the Asset Based Lending Financing Agreement in any manner that is materially adverse to World Omni until all required payments in respect of the obligation created or secured by the Nonfloorplan Agreement have been made, and (c) in realizing on such Common Non-Vehicle Collateral, World Omni shall not be obligated to protect or preserve the rights of WODFI or the Trust in such Common Non-
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World Omni or in its capacity as administrator, the “Administrator”), WORLD OMNI AUTO RECEIVABLES LLC (the “Depositor”) and [___], as indenture trustee (the “Indenture Trustee”).
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World Omni or in its capacity as administrator, the “Administrator”), WORLD OMNI AUTO RECEIVABLES LLC (the “Depositor”) and [___], as indenture trustee (the “Indenture Trustee”).
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Related to World Omni

  • Santander Consumer means Santander Consumer USA Inc., an Illinois corporation, and its successors and assigns.

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • the Seller means the person so described in the Order;

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Trust Depositor means Harley-Davidson Customer Funding Corp., in its capacity as trust depositor under the Sale and Servicing Agreement.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Originator means the sender of the first payment order in a funds transfer.

  • Receivables Seller means the Borrower or those Subsidiaries that are from time to time party to the Permitted Receivables Facility Documents (other than any Receivables Entity).

  • Issuing Entity as used in this Note includes any successor to the Issuing Entity under the Indenture. The Issuing Entity is permitted by the Indenture, under certain circumstances, to merge or consolidate, subject to the rights of the Indenture Trustee and the Holders of Notes under the Indenture. The Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations therein set forth. This Note and the Indenture shall be construed in accordance with the laws of the State of New York, without reference to its conflict of law provisions, and the obligations, rights and remedies of the parties hereunder and thereunder shall be determined in accordance with such laws. No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuing Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place and rate, and in the coin or currency herein prescribed. Anything herein to the contrary notwithstanding, except as expressly provided in the Basic Documents, none of U.S. Bank Trust Company, National Association, in its individual capacity, Wilmington Trust, National Association, in its individual capacity, any owner of a beneficial interest in the Issuing Entity, or any of their respective partners, beneficiaries, agents, officers, directors, employees or successors or assigns shall be personally liable for, nor shall recourse be had to any of them for, the payment of principal of or interest on this Note or performance of, or omission to perform, any of the covenants, obligations or indemnifications contained in the Indenture. The Holder of this Note by its acceptance hereof agrees that, except as expressly provided in the Basic Documents, in the case of an Event of Default under the Indenture, the Holder shall have no claim against any of the foregoing for any deficiency, loss or claim therefrom; provided, however, that nothing contained herein shall be taken to prevent recourse to, and enforcement against, the assets of the Issuing Entity for any and all liabilities, obligations and undertakings contained in the Indenture or in this Note.

  • Receivables Sellers means the Company and those Subsidiaries (other than Receivables Entities) that are from time to time party to the Permitted Receivables Facility Documents.

  • Subservicer means any Person that services Receivables on behalf of the Servicer or any Subservicer and is responsible for the performance (whether directly or through Subservicers or Subcontractors) of a substantial portion of the material servicing functions required to be performed by the Servicer under this Agreement that are identified in Item 1122(d) of Regulation AB.

  • Loan Seller With respect to any Mortgage Loan, the entity that sold such Mortgage Loan to the Transferor.

  • Receivables Sale Agreement means that certain Receivables Sale Agreement, dated as of July 10, 2003, among each Originator and Seller, as the same may be amended, restated or otherwise modified from time to time.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.