Administrative Lien definition
Administrative Lien means a first lien upon any Certificate of Title deemed necessary and useful by the Servicer or by the UTI Beneficiary and the Servicer solely to provide for delivery of title documentation to the Titling Trustee or its designee.
Administrative Lien means any first lien specified upon any Certificate of Title as deemed necessary and useful by the Servicer or the UTI Beneficiary to provide for delivery of title documentation to the Titling Trustee or its designee.
Administrative Lien has the meaning set forth in the Origination Trust Agreement.
Examples of Administrative Lien in a sentence
Lessee will pay the Administrative Lien Fee to reimburse Owner for costs to prepare for, and, if applicable, to sell or dispose of the Unit contents.
More Definitions of Administrative Lien
Administrative Lien means a first lien upon any Certificate of Title deemed necessary and useful by the Servicer or by the UTI Beneficiaries and the Servicer solely to provide for delivery of title documentation to the Trustee or its designee.