Securitization Assets Clause Samples
The Securitization Assets clause defines which assets are included in a securitization transaction, typically specifying the types of receivables, loans, or other financial assets that will be pooled and transferred to a special purpose vehicle (SPV) for the purpose of issuing securities. In practice, this clause outlines eligibility criteria for assets, such as credit quality, payment history, or geographic location, and may exclude certain assets that do not meet these standards. Its core function is to ensure that only qualifying assets are included in the securitization pool, thereby protecting investors and maintaining the integrity of the transaction.
Securitization Assets. (i) None of the Collateral is subject to any Lien of any Debt of Exela or any of its Affiliates other than the Lien of the Administrative Agent under the Transaction Documents. Without limiting the foregoing, all of the Collateral satisfies the definition of “Securitization Assets” sold to a “Special Purpose Securitization Subsidiary” in connection with a “Permitted Securitization Financing,” and therefore is “Excluded Property” that is free and clear of any Adverse Claim of any Existing Specified Secured Debt.
(ii) As of the Funding Date, the Exela Parties are not obligated (whether as a borrower, guarantor or otherwise) under any secured Debt outstanding in an aggregate amount exceeding $75,000,000 other than the Existing Specified Secured Debt and the Transaction Documents.
Securitization Assets any Excluded Accounts of the type described in clause (a), (b), (d) or (e) of the definition thereof;
Securitization Assets. (i) None of the Receivables and Related Assets is subject to any Lien of any Debt of Exela or any of its Affiliates other than the Lien of the Administrative Agent under the Transaction Documents. Without limiting the foregoing, all of the Receivables and Related Assets satisfies the definition of “Securitization Assets” sold to a “Special Purpose Securitization Subsidiary” in connection with a “Permitted Securitization Financing,” and therefore is “Excluded Property” that is free and clear of any Adverse Claim of any Existing Specified Secured Debt.
(ii) As of the Closing Date, the Exela Parties are not obligated (whether as a Seller, guarantor or otherwise) under any secured Debt outstanding in an aggregate amount exceeding $75,000,000 other than the Existing Specified Secured Debt and the Transaction Documents.
Securitization Assets. None of the Collateral is subject to any Lien of any Debt of FSN or any of its Affiliates other than the Lien of the Collateral Agent under this Agreement.
Securitization Assets. None of the Collateral is (after giving effect to the operation of Section 9.15 of the Credit Agreement and Section 12.02 of each of the indentures governing secured notes issued by Diamond Sports Group, LLC and any comparable provisions of any current or future secured indebtedness of FSN and its Affiliates) subject to any Lien of any Debt of FSN or any of its Affiliates other than the Lien of the Collateral Agent under this Agreement.
Securitization Assets. (12) any deposit account or securities account that is a pension fund, escrow (including any escrow accounts for the benefit of customers), trust, or similar account;
Securitization Assets. The Borrower has heretofore delivered to each Lender a report setting out, with respect to each Securitization Subsidiary:
(i) a detailed description (by class, principal amount, interest rate, maturity and amortization schedule, if applicable) of each series of Indebtedness issued by such Securitization Subsidiary with respect to each Permitted Securitization undertaken by it;
(ii) with respect to the student loan portfolio as of September 30, 2003 of such Securitization Subsidiary, the information set forth in pages S-20 through S-25 inclusive of the Prospectus Supplement dated February 13, 2003 for the $838,775,000 Student Loan Asset-Backed Notes, Series 2003-A Issued by Collegiate Funding Services Educational Loan Trust 2003-A, and
(iii) complete and correct copies of each indenture, servicing agreement or other material agreement constituting Securitization Documents for each Permitted Securitization undertaken by such Securitization Subsidiary. Credit Agreement
Securitization Assets. (i) None of the Collateral is subject to any Lien of any Debt of Exela or any of its Affiliates other than the Lien of the Administrative Agent under this Agreement. Without limiting the foregoing, all of the Collateral satisfies the definition of “Securitization Assets” sold to a “Special Purpose Securitization Subsidiary” in connection with a “Permitted Securitization Financing,” and therefore is “Excluded Property” that is free and clear of any Adverse Claim of any Existing Specified Secured Debt or Debt evidenced by the Existing Receivables Financing Agreement.
(ii) As of the Closing Date, the Exela Parties are not obligated (whether as a borrower, guarantor or otherwise) under any secured Debt outstanding in an aggregate amount exceeding $75,000,000 other than the Existing Specified Secured Debt and this Agreement.
Securitization Assets. None of the Transferred Receivables (after giving effect to the operation of Section 9.15 of the Credit Agreement and Section 12.02 of each of the indentures governing secured notes issued by Diamond Sports Group, LLC and any comparable provisions of any current or future secured indebtedness of FSN and its Affiliates) subject to any Lien of any Debt of FSN or any of its Affiliates other than the Lien of the Administrative Agent under this Agreement.