Adverse Selection Procedure definition

Adverse Selection Procedure means any method of selecting or identifying a Contract eligible to be included in the Trust Estate, other than in accordance with the Transaction Documents, that materially and adversely affects the representative nature of the sample of Contracts so selected.
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Adverse Selection Procedure means any method of selecting or identifying a Receivable eligible to be included in the Collateral, other than in accordance with the Transaction Documents, that materially and adversely affects the representative nature of the sample of Receivables so selected.
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Adverse Selection Procedure means any method of selecting or identifying Lease Contracts eligible to be included in the Collateral for inclusion therein, other than as outlined in the Commitment, that materially and adversely affects the representative nature of the sample of Lease Contracts so selected and decreases the probability that the Indenture Trustee will receive an uninterrupted flow of payments of principal and interest under the Lease Contracts.
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Examples of Adverse Selection Procedure in a sentence

  • The Servicer, the Seller and the Depositor will not use any Adverse Selection Procedure in selecting Contracts to be transferred to the Indenture Trustee from the outstanding contracts that qualify under the Sale and Allocation Agreement for inclusion in the Trust.

  • The Transferor and the Seller will not use any Adverse Selection Procedure in selecting the Receivables that qualify under the Security Agreement for inclusion as Collateral.

  • The Company and the Transferor will not use any Adverse Selection Procedure in selecting the Lease Contracts to be pledged to the Trustee from the outstanding Lease Contracts that qualify under the Trust and Security Agreement for inclusion in the Trust Property.

  • The Company and the Issuer will not use any Adverse Selection Procedure in selecting the Lease Contracts to be pledged to the Indenture Trustee from the outstanding Lease Contracts that qualify under the Indenture for inclusion in the Collateral.