AFCO Acceptance definition

AFCO Acceptance and together with AFCO Credit, the "Originators" and in their capacity as servicer, the "Servicer") propose to convey commercial insurance premium finance loans (the "Receivables") from time to time to Mellon Bank, N.A., a national banking association organized under the laws of the United States of America (the "Seller"), who then proposes to convey such Receivables to the Mellon Premium Finance Loan Owner Trust (the "Transferor"). The Transferor proposes to convey such Receivables to the Mellon Bank Premium Finance Loan Master Trust (the "Trust"), and proposes to cause the Trust to sell to the Underwriters named in Schedule I hereto (the "Underwriters"), for whom you are acting as representative (the "Representative"), $20,000,000 aggregate initial principal amount of Class B Floating Rate Asset Backed Certificates, Series 2001-1 (the "Class B Certificates"), in the Trust, the terms of which are described in the Prospectus (as defined below). It is understood that Transferor is currently entering into a Class A Underwriting Agreement dated the date hereof (the "Class A Underwriting Agreement") among the Transferor and the Underwriters named on Schedule I thereto (the "Class A Underwriters") providing for the sale of $450,000,000 aggregate initial principal amount of Class A Floating Rate Asset Backed Certificates, Series 2001-1 (the "Class A Certificates"). The Class B Certificates and the Class A Certificates are referred to herein collectively as the "Certificates." This Agreement and the Class A Underwriting Agreement are referred to herein collectively as the "Underwriting Agreements." The Receivables will be conveyed by the Originators to the Seller pursuant to the First Tier Receivables Purchase Agreement dated as of June 15, 2001 (the "First Tier Receivables Purchase Agreement") between the Originators and the Seller. The Receivables then will be conveyed by the Seller to the Transferor pursuant to the Second Tier Receivables Purchase Agreement dated as of June 15, 2001 (the "Second Tier Receivables Purchase Agreement") between the Seller and the Transferor. The Receivables will be conveyed by the Transferor to the Trust in exchange for the Certificates pursuant to an Amended and Restated Pooling and Servicing Agreement, dated as of June 15, 2001 (the "P&S") and the Series 2001-1 Supplement thereto (the "Series Supplement") and together with the P&S, (the "Pooling and Servicing Agreement") dated as of June 15, 2001, each among the Transferor, the ...
View Source
AFCO Acceptance means AFCO Acceptance Corporation, a California corporation.
View Source

Examples of AFCO Acceptance in a sentence

  • The Investor Holders and Credit Enhancement Provider of each Series, by their acceptance of the related Certificates and the issuance of the Credit Enhancement, consent to AFCO Credit and AFCO Acceptance acting as Servicer and PFSI and PFSIC acting as Back-up Servicer.

  • AFCO Credit Corporation, a New York corporation ("AFCO Credit"), and AFCO Acceptance Corporation, a California corporation ("AFCO Acceptance" and together with AFCO Credit, the "Originators" and in their capacity as servicer, the "Servicer") propose to convey commercial insurance premium finance loans (the "Receivables") from time to time to Mellon Bank, N.A., a national banking association organized under the laws of the United States of America (the "Transferor").

  • Premium Finance Agreement – Promissory Note, dated as of November 5, 2013, by Audio Visual Services Group, Inc., AVSC Holding LLC in favor of AFCO Acceptance Corporation.

  • AFCO Credit Corporation, a New York corporation ("AFCO Credit"), and AFCO Acceptance Corporation, a California corporation ("AFCO Acceptance" and together with AFCO Credit in their capacity as servicer, the "Servicer" and in their capacity as originators, the "Originators") propose to convey the Receivables arising from certain insurance premium finance loans to Mellon Bank, N.A., a national banking association organized under the laws of the United States of America (the "Transferor").

  • AFCO Credit may act on behalf of AFCO Acceptance in the performance of the duties of Servicer under this Agreement in all cases except for the servicing of the Receivables which have Obligors with a stated address in the applicable Premium Finance Agreement located in California.

  • The Back-up Servicing Fee shall be payable by AFCO Acceptance or AFCO Credit, as applicable.

  • Date: , MONTHLY PERIOD ENDING , Reference is made to the Series 2004-MC Supplement (the “Series 2004-MC Supplement”), dated as of June [_], 2004, between Mellon Premium Finance Loan Owner Trust as transferor (the “Transferor”), AFCO Credit Corporation as servicer, AFCO Acceptance Corporation as servicer, Premium Financing Specialists, Inc.

  • MELLON PREMIUM FINANCE LOAN OWNER TRUST, as Transferor By: Mellon Bank, N.A., as Administrator By: ___________________________________ Name: Title: WELLS FARGO BANK MINNESOTA, NATIONAL ASSOCIATION, as Trustee By: ___________________________________ Name: Title: EXHIBIT D AFCO AFCO Acceptance Corporation NOTICE OF FINANCED PREMIUM REFER TO THIS ACCOUNT NO.

  • The agreements, representations and warranties of AFCO Credit and AFCO Acceptance and Mellon Bank, N.A. in this Agreement, in their respective capacities as Servicer and Transferor, shall be deemed to be its agreements, representations and warranties only so long as it remains a party to this Agreement in such capacity.

  • The Investor Holders and Credit Enhancement Provider of each Series, by their acceptance of the related Certificates and the issuance of the Credit Enhancement, consent to AFCO Credit and AFCO Acceptance acting as Servicer and PFS acting as Back-up Servicer.

Related to AFCO Acceptance

  • Order Acceptance has the meaning given in clause 1.2.

  • Fax of Acceptance means intimation regarding notification of award by the Employer to the successful Bidder/Service Provider through a Fax/ Letter conveying that the Tender/Bid/Offer has been accepted in accordance with the provisions contained therein.

  • Date of Acceptance means the date, which appears on the Notice of Acceptance issued by the Principal and if no date appears is the date on which the Principal sent the Notice of Acceptance accepting the Contractor’s Quotation.

  • ▇▇▇▇ Acceptance Form means the “Acceptance Form for End User License Agreement (for SAP On Premise indirect sales)” which will be provided by SAP on a deal by deal basis.

  • Conditional Acceptance means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.