Owned Contracts definition

Owned Contracts is defined in the Recitals of the Purchase Agreement.
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Owned Contracts means the receivables for the purchase of new or used automobiles, trucks, vans, and sport utility vehicles that originally secured the senior bank debt of FMAC and were purchased by credit bid of the agent for the holders of the senior bank debt and then sold to the Contract Purchaser.
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Owned Contracts is defined in the Recitals of the Case Purchase Agreement.
Sample 1

Examples of Owned Contracts in a sentence

  • Pursuant to the FMAC Plan, at the option of the Company and subject to certain conditions, the Company may distribute the Stock Option Shares to FMAC or at the request of FMAC and pursuant to its instructions directly to the unsecured creditors of FMAC, in lieu of FMAC's right to receive all or a portion of distributions under the Excess Collections Split (including both recoveries under the Excess Collections Split from the Owned Contracts and the B Pieces) in cash.

  • For Individually Owned Contracts: • The Covered Person is the Contract Owner as of the Rider Effective Date.

  • In the event that Cygnet is then servicing the Owned Contracts and the Securitized Pools, Cygnet agrees to advise the Company at least 20 days prior to the date upon which cash distributions under the Excess Collections Split are likely to begin and to provide the Company with an estimate as to the likely amount and timing of such cash distributions.

  • Trustee Owned Contracts While this Contract is owned by the trustee of a plan described in section 401(a) of the Code, the Death Before the Annuity Start Date provision of Section 6 may not apply.

  • In addition, the liabilities being transferred to Cygnet include a guarantee of a specified return on certain contracts (the "Owned Contracts") sold to a third party purchaser (the "Contract Purchaser") in connection with the FMAC transaction, subject to a maximum guarantee amount of $10 million (the "Owned Contract Guarantee").

  • However, the Company has the option, to be exercised one time, to distribute shares of Common Stock of the Company (the "Stock Option Shares") to FMAC or, at the request of FMAC and pursuant to its instructions, directly to the unsecured creditors of FMAC, in exchange for FMAC's right to receive all or a portion of distributions under the Excess Collections Split in cash (including both recoveries under the Excess Collections Split from the Owned Contracts and the B Pieces) (the "Stock Option").

  • The guidelines associated with non-financial transactions includes: • Anti-Money Laundering • Clean Desk • Community Property • Custodial Owned Contracts • Exception and Escalations • Marketing Administration Correspondence • Not In Good Order (NIGO) • OFAC Homeland Tracker • Return Mail • Signatures • W9 Certification Customer Service IVR Service Provide the ability to retrieve account information and route calls via the phone.

  • For Non-Naturally Owned Contracts: • The Covered Person is the Annuitant as of the Rider Effective Date.

  • After issuance and delivery of the Stock Option Shares, the Company will be entitled to receive FMAC's share of cash distributions under the Excess Collections Split (including both recoveries under the Excess Collections Split from the Owned Contracts and the B Pieces) from and after the Exercise Date until the Company has received such distributions equal to the Stock Option Value.

  • After the Effective Date, Cygnet will service the FMAC contract portfolios relating to the Owned Contracts and the B Pieces.

Related to Owned Contracts

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Retained Contracts means all contracts, agreements, leases, software licenses, rights, obligations or other commitments of the Company that (a) arise out of or are related exclusively to any business or operation of the Company other than the Business, or (b) arise out of or are related in any way to the Business and which, in the case of both clauses (a) and (b) herein, are not Transferred Contracts.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Seller Contracts means those Contracts of Seller or any Other Seller that relate primarily to the Business.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Shared Contracts has the meaning specified in Section 4.12(b).

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • IP Contracts means a Contract granting or purporting to grant to Sellers rights in the Licensed Patents and the Licensed Marks.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Company Contracts has the meaning set forth in Section 3.13(a).

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Assigned Contract has the meaning set forth in Section 1.5(a).

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).

  • Excluded Contracts has the meaning set forth in Section 2.02(a).

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);