Characteristics of CEF Assets. Such Receivable: (A) was either originated in the United States of America by GE Capital, VFS or NMHG, as applicable, in connection with the financing or lease of Equipment in the ordinary course of business of GE Capital, VFS or NMHG, as applicable, or acquired by GE Capital, VFS or NMHG, as applicable, in the ordinary course of its business, and, in each case, was fully and properly executed by the parties thereto, (B) has created a valid, subsisting and enforceable first priority security interest (except to the extent the Equipment secures any receivable that is cross-collateralized with such Receivable) in the Equipment in favor of GE Capital, VFS or NMHG, as applicable, that, as of the Closing Date, has been assigned by GE Capital, VFS or NMHG, as applicable, to the Purchaser, and (C) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security.
Characteristics of CEF Assets. Such Receivable: (A) was either originated in the United States of America by GE Capital, VFS, GECC of Tennessee or the Titling Trust, as applicable, in connection with the financing or lease of Equipment in the ordinary course of business of GE Capital, VFS, GECC of Tennessee or the Titling Trust, as applicable, or acquired by GE Capital, VFS, GECC of Tennessee or the Titling Trust, as applicable, in the ordinary course of its business, and, in each case, was fully and properly executed by the parties thereto, (B) has created a valid, subsisting and enforceable first priority security interest (except to the extent the Equipment secures any receivable that is cross-collateralized with such Receivable) in the Equipment in favor of GE Capital, VFS, GECC of Tennessee or the Titling Trust, as applicable, and, in the case such Receivable is a Loan, such Receivable has been assigned from GE Capital, VFS or GECC of Tennessee, as applicable, to the Purchaser on the Closing Date, and (C) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security.
Characteristics of CEF Assets. Each CEF Asset: (A) was either originated in the United States of America by GE Capital, GECITS, VFS or IFS, as applicable in connection with the financing or lease of Equipment in the ordinary course of business of GE Capital, GECITS, VFS or IFS, as applicable or acquired by GE Capital, GECITS, VFS or IFS, as applicable in the ordinary course of its business, and, in each case, was fully and properly executed by the parties thereto, (B) has created a valid, subsisting and enforceable first priority security interest (except to the extent the Equipment secures any loan that is cross-collateralized with such CEF Asset) in the Equipment in favor of GE Capital, GECITS, VFS or IFS, as applicable, that, as of the Closing Date, has been assigned by GE Capital, GECITS, VFS or IFS, as applicable, to Purchaser, and (C) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security.
Characteristics of CEF Assets. Each CEF Asset: (A) was either originated in the United States of America by GE Capital, GECITS, VFS, IFS or NMHG, as applicable, in connection with the financing or lease of Equipment in the ordinary course of business of GE Capital, GECITS, VFS, IFS or NMHG, as applicable, or acquired by GE Capital, GECITS, VFS, IFS or NMHG, as applicable, in the ordinary course of its business, and, in each case, was fully and properly executed by the parties thereto, (B) has created a valid, subsisting and enforceable first priority security interest (except to the extent the Equipment secures any receivable that is cross-collateralized with such CEF Asset) in the Equipment in favor of GE Capital, GECITS, VFS, IFS or NMHG, as applicable, that, as of the Closing Date, has been assigned by GE Capital, GECITS, VFS, IFS or NMHG, as applicable, to Purchaser, and (C) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security.
Characteristics of CEF Assets. Each CEF Asset: (A) was originated in the United States of America by GE Capital in connection with the financing or lease of Equipment in the ordinary course of business of GE Capital and was fully and properly executed by the parties thereto, (B) has created a valid, subsisting and enforceable first priority security interest (except to the extent the Equipment secures any loan that is cross-collateralized with such CEF Asset) in the Equipment in favor of GE Capital that, 700148750 06142559 Annex A to Loan Sale Agreement as of the Closing Date, has been assigned by GE Capital to Purchaser, and (C) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security.
Characteristics of CEF Assets. Each CEF Asset: (A) was originated in the United States of America by GE Capital in connection with the financing of Equipment in the ordinary course of business of GE Capital and was fully and properly executed by the parties thereto, (B) has created a valid, subsisting and enforceable first priority security interest (except to the extent the Equipment secures any receivable that is cross-collateralized with such CEF Asset) in the Equipment in favor of GE Capital that, as of the Closing Date, has been assigned by GE Capital to Purchaser, and (C) contains Annex A to customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security.
Characteristics of CEF Assets. Each CEF Asset: (A) was either originated in the United States of America by GE Capital in connection with the financing or lease of Equipment in the ordinary course of GE Capital’s business or acquired by GE Capital in the ordinary course of its business, and, in each case, was fully and properly executed by the parties thereto, (B) has created a valid, subsisting and enforceable first priority security interest (except to the extent the Equipment secures any loan that is cross-collateralized with such CEF Asset) in the Equipment in favor of GE Capital or GECT, as applicable, that, as of the Closing Date, has been assigned by GE Capital or GECT, as applicable, to Purchaser, and (C) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security.
Characteristics of CEF Assets. Each CEF Asset: (A) was either originated in the United States of America by GE Capital, [•], [•] or [•], as applicable, in connection with the financing or lease of Equipment in the ordinary course of business of GE Capital, [•], [•] or [•], as applicable, or acquired by GE Capital, [•], [•] or [•], as applicable, in the ordinary course of its business, and, in each case, was fully and properly executed by the parties thereto, (B) has created a valid, subsisting and enforceable first priority security interest (except to the extent the Equipment secures any [loan] [receivable] that is cross-collateralized with such CEF Asset) in the Equipment in favor of GE Capital, [•], [•] or [•], as applicable, that, as of the Closing Date, has been assigned by GE Capital, [•], [•] or [•], as applicable, to Purchaser, and (C) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security.
Characteristics of CEF Assets. Each CEF Asset: (A) was either originated in the United States of America by GE Capital in connection with the financing or lease of Equipment in the ordinary course of GE Capital's business or acquired by GE Capital in the ordinary course of its business, and, in each case, was fully and properly executed by
Characteristics of CEF Assets. Each CEF Asset: (A) was either originated in the United States of America by Seller in connection with the financing or lease of Equipment in the ordinary course of Seller's business or acquired by the Seller in the ordinary course of the Seller's business, and, in each case, was fully and properly executed by the parties thereto, (B) has created a valid, subsisting and enforceable first priority security interest (except to the extent the Equipment secures any loan that is cross-collateralized with such CEF Asset) in the Equipment in favor of Seller that, as of the Closing Date, has been assigned by Seller to Purchaser, and (C) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits of the security.
