Master Repurchase Agreement. the Master Repurchase Agreement, dated as of August 13, 2008, between DTAC and RBS Securities Inc., a Delaware corporation, as amended, modified or supplemented from time to time. Material Adverse Effect: a material adverse effect on (a) the Property, business, operations, financial condition or prospects of any Borrower or any Affiliate thereof, (b) the ability of any Borrower to perform in all material respects its obligations under any of the Loan Documents to which it is a party, (c) the legality, validity or enforceability in all material respects of any of the Loan Documents, (d) the rights and remedies of the Lenders under any of the Loan Documents, (e) the timely payment of the principal of or interest on the Advances or other amounts payable in connection therewith or (f) the Collateral.
Appears in 3 contracts
Sources: Loan and Security Agreement (DT Credit Company, LLC), Loan and Security Agreement (DT Acceptance Corp), Loan and Security Agreement (DriveTime Automotive, Inc.)