Aegis Finance definition
Examples of Aegis Finance in a sentence
Seller has operated and will operate its business such that its assets and liabilities will not be substantively consolidated with the assets and liabilities of Aegis Finance and its separate existence will not be disregarded in any state or federal court proceeding.
With respect to Receivables for which the original retail installment sale contract has not been delivered to the Custodian in accordance with this Section 3.03(a), the Seller shall cause Aegis Finance to deliver the missing documents within seven (7) Business Days of receipt of such notice or repurchase such Receivables pursuant to Section 3.02 hereof.
The Custodian shall immediately deliver written notice by certified mail to the Seller and Aegis Finance if any such document is missing or has not been delivered to the Custodian.
The Seller has caused each certificate of title (or copy of an application for title), or such other document delivered by the state title registration agency evidencing the security interest in each Financed Vehicle, to be delivered to the Custodian pursuant to Section 3.03 hereof, together with a power of attorney, duly executed by Aegis Finance in favor of the Trustee, which powers of attorney are sufficient to change the lien holder on the certificate of title with respect to a Financed Vehicle.
With respect to titles received, Servicer shall verify that Aegis Finance is noted as lien holder.
Such funds shall not be commingled with the funds of any other person; provided that there may be deposited in the Lock-Box Account moneys collected on other motor vehicle installment sales contracts originated by Aegis Finance and its affiliates.
Each Additional Receivable shall have been identified and approved by Aegis Finance on or prior to the Closing Date, as evidenced by Aegis Finance's dated notation of approval on the loan application (or other writing).
The Lock-Box Account shall be a non-interest bearing account established with a Lock-Box Account Depository, which shall at all times be an Eligible Institution, by the Servicer for the sole benefit of the Trust and other holders of retail installment sales contracts originated by Aegis Finance or its Affiliates.
The Servicer Files are kept at the location or locations listed in Exhibit E hereto, with the exception of (A) the original certificates of title or other documents under applicable state laws evidencing the security interest of Aegis Finance in the Financed Vehicles, and (B) the original Receivables, which documents shall be kept at an office of the Custodian.
Audited financial statements of the Seller will disclose that the assets of the Seller are not available to pay creditors of Aegis Finance.