Examples of Titling Trust Assets in a sentence
The Seller shall at all times maintain each office from which it services Titling Trust Assets and its principal executive office within the United States of America.
As compensation for the performance of the Administrative Agent’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrative Agent shall be entitled to a monthly payment of compensation in an amount to be agreed to between the Administrative Agent and the Servicer, which shall be solely an obligation of the Servicer and which shall not be paid from the proceeds of the Leases, Leased Vehicles or other Titling Trust Assets.
Each of the SUBI Seller and the Purchaser agrees to release and waive all claims against or with respect to any Titling Trust Assets other than, in the case of the SUBI Seller, the Titling Trust Assets included from time to time in the UTI or any Other SUBI and proceeds therefrom or, in the case of the Purchaser, the SUBI Assets, and, in each case, in the event that such release is not given effect, to fully subordinate all claims it may be deemed to have against such released assets.
By accepting this Certificate, the Holder hereof waives any Claim to any assets of the Titling Trustees and to all of the Titling Trust Assets from time to time included within the General Interest and each other Portfolio Interest as General Trust Assets and/or other Portfolio Assets and those proceeds or assets derived from or earned by such General Trust Assets and/or Portfolio Assets.
The Holders will not have legal title to any Titling Trust Assets.
No claim for indemnification pursuant to this Section 10.1 will be payable from any Titling Trust Assets, including any Specified Assets, and neither the Titling Trust Administrator, nor any other Indemnified Person, will have any recourse against the assets of the Titling Trust, including any Specified Assets, with respect to any indemnification claim that any such Person may have against the Titling Trust or any Holder, Registered Pledgee, Servicer or Affiliate of any of the foregoing.
The Collateral Agency Agreement contemplates that from time to time the Titling Trustee, on behalf of the Titling Trust and at the direction of the Initial Beneficiary, will identify and allocate on the Titling Trust’s books and records certain Titling Trust Assets within separate Reference Pools and create and issue to the Initial Beneficiary a Closed-End Exchange Note.
The Titling Trust, the Closed-End Collateral Agent and the Servicer have entered into that certain Fifth Amended and Restated Closed-End Servicing Agreement, dated as of December 15, 2009, as amended, to provide that such agreement will constitute the “Closed-End Servicing Agreement” (as defined in the Titling Trust Agreement) with respect to the Closed-End Collateral Specified Interest, which provides, among other things, for the servicing of the Titling Trust Assets by the Servicer.
Each servicing agreement entered into with respect to the Titling Trust Assets shall provide for the allocation of Titling Trust expenses on the same basis as set forth in this Section 5.2(b)(iv).
Within two Business Days after each Lease Purchase Date, Harco Leasing shall transfer to the Indenture Trustee for deposit in the Collection Account all collections (from whatever source) on or with respect to the related Designated Retail Leases and Related Titling Trust Assets held by Harco Leasing on such Lease Purchase Date and conveyed to NFC pursuant to Section 2.01 or 2.02.