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.

World Omni means World Omni Financial Corporation, d/b/a CenterOne Financial Services.

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.

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

• 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.

• Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings assigned them in Part I of Appendix A to the Sale and Servicing Agreement, dated as of the date hereof (the “Sale and Servicing Agreement”), among the Trust, as Issuing Entity, WOAR, as Depositor, World Omni, as Servicer, and The Bank of New York Mellon Trust Company, N.A., as account bank, as it may be amended, supplemented or modified from time to time.

• The representations and warranties of World Omni hereunder shall be true and correct in all material respects on the Purchase Date, and World Omni shall have performed in all material respects all obligations to be performed by it hereunder on or prior to the Purchase Date.

• If at any time World Omni shall propose to sell, grant a security interest in, or otherwise transfer any interest in any Contract to any prospective purchaser, lender or other transferee, World Omni shall give to such prospective purchaser, lender or other transferee computer tapes, records or printouts (including any restored from backup archives) that, if they shall refer in any manner whatsoever to any Receivable, shall indicate clearly that such Receivable has been sold to and is owned by WOAR.

• On or prior to the Purchase Date, World Omni will execute and deliver the RPA Assignment.

• The obligations of World Omni under this Agreement shall not be affected by reason of any invalidity, illegality or irregularity of any Receivable.

• The respective agreements, representations, warranties and other statements by World Omni and WOAR set forth in or made pursuant to this Agreement or the RPA Assignment shall remain in full force and effect and will survive the sales and assignments referred to in Section 6.04.

• World Omni will cooperate with WOAR and independent public accountants engaged by WOAR in making available all information and taking all steps reasonably necessary to permit such independent accountants to complete any review required to deliver any negative assurance or similar letter required to be delivered by it in connection with the Basic Documents.

More Definitions of World Omni

World Omni is the sole limited partner of ▇▇▇▇ ▇▇. The sole general partner of ▇▇▇▇ ▇▇ is World Omni Lease Securitization, Inc., a Delaware corporation ("WOLSI") and a wholly owned subsidiary of World Omni. In order to better assure ▇▇▇▇ ▇▇ that it will be able to meet its financial obligations as and when they become due and payable, and therefore to assist ▇▇▇▇ ▇▇ 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 ▇▇▇▇ ▇▇ in maintaining a favorable financial condition, and desires to amend the Support Agreement to provide additional support to ▇▇▇▇ ▇▇. For the foregoing reasons, and for other good and valuable consideration, receipt of which is hereby acknowledged, World Omni, having a financial interest in ▇▇▇▇ ▇▇, and ▇▇▇▇ ▇▇, intending to be legally bound, hereby agree as follows:

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.

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-

World Omni or in its capacity as administrator, the “Administrator”), WORLD OMNI AUTO RECEIVABLES LLC (the “Depositor”) and [ ], as indenture trustee (the “Indenture Trustee”).

World Omni is the sole limited partner of WOLS ▇▇. ▇▇e sole general partner of WOLS ▇▇ ▇▇ World Omni Lease Securitization, Inc., a Delaware corporation ("WOLSI") and a wholly owned subsidiary of World Omni. In order to better assure WOLS ▇▇ ▇▇▇t it will be able to meet its financial obligations as and when they become due and payable, and therefore to assist WOLS ▇▇ ▇▇ 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 (the "Support Agreement") to provide support to WOLS ▇▇ ▇▇ maintaining a favorable financial condition, and desires to amend the Support Agreement to provide additional support to WOLS ▇▇. For the foregoing reasons, and for other good and valuable consideration, receipt of which is hereby acknowledged, World Omni, having a financial interest in WOLS ▇▇, ▇▇d WOLS ▇▇, ▇▇tending to be legally bound, hereby agree as follows:

World Omni is the sole limited partner of ▇▇▇▇ ▇▇. The sole general partner of ▇▇▇▇ ▇▇ is World Omni Lease Securitization, Inc., a Delaware corporation ("WOLSI") and a wholly owned subsidiary of World Omni. In order to better assure ▇▇▇▇ ▇▇ that it will be able to meet its financial obligations as and when they become due and payable, and therefore to assist ▇▇▇▇ ▇▇ 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 and Amendment No. 2 to Support Agreement dated as of October 1, 1996 (as so amended, the "Support Agreement") to provide support to ▇▇▇▇ ▇▇ in maintaining a favorable financial condition, and desires to amend the Support Agreement to provide additional support to ▇▇▇▇ ▇▇. For the foregoing reasons, and for other good and valuable consideration, receipt of which is hereby acknowledged, World Omni, having a financial interest in ▇▇▇▇ ▇▇, and ▇▇▇▇ ▇▇, intending to be legally bound, hereby agree as follows: