Affected Assets definition

Affected Assets means, collectively, the Receivables and the Related Security, Collections and Proceeds relating thereto.

Affected Assets means, collectively, (a) the Receivables, (b) the Related Security, (c) all rights and remedies of the SPV under the First Tier Agreement, together with all financing statements filed by the SPV against Arrow in connection therewith, (d) all Blocked Accounts and all funds and investments therein and all Blocked Account Agreements, and (e) all proceeds of the foregoing.

Affected Assets means, collectively, (a) the Receivables, (b) the Related Security, (c) with respect to any Receivable, all rights and remedies of the SPV under the First Tier Agreement, together with all financing statements filed by the SPV against the Originators in connection therewith, (d) the Collection Account and all Blocked Accounts and all funds and investments therein and all of the SPV’s rights in the Blocked Account Agreements and (e) all proceeds of the foregoing.

Examples of Affected Assets in a sentence

• In the case of the SPV, upon each Investment and Reinvestment, the Agent shall acquire a valid and enforceable perfected first priority ownership interest or a first priority perfected security interest in each Eligible Receivable and all other Affected Assets that exist on the date of such Investment or Reinvestment, with respect thereto, free and clear of any Adverse Claim.

• At any time when a Termination Event exists and is continuing, the Agent may notify any Obligor of its interest in the Receivables and the other Affected Assets.

• In addition, the SPV shall disclose (in a footnote or otherwise) in all of its financial statements (including any such financial statements consolidated with any other Person’s financial statements) the existence and nature of the transaction contemplated hereby and by the First Tier Agreement and the interest of the SPV (in the case of an Originator’s financial statements) and the Agent, on behalf of the Investors, in the Affected Assets.

• The SPV and Agent agree, and each Investor by acquiring an Investment or other interest in the Affected Assets agrees, to treat and report such Investment or other interests in the Affected Assets as indebtedness for U.S. federal and state income tax purposes.

• In the case of the SPV, upon each Investment and Reinvestment, the Agent shall acquire a valid and enforceable perfected first priority ownership interest or a first priority perfected security interest in each Receivable and all other Affected Assets that exist on the date of such Investment or Reinvestment, with respect thereto, free and clear of any Adverse Claim.

More Definitions of Affected Assets

Affected Assets means, with respect to (i) a Mandatory Redemption Event that is an Asset Event where “Partial Affected Assets” is specified as applicable, the Initial Assets subject to such Asset Event and (ii) a Mandatory Redemption Event that is an Asset Event where “Partial Affected Assets” is not specified as applicable, or any other Mandatory Redemption Event, or any Event of Default or any other event or circumstance, all Initial Assets.

Affected Assets has the meaning specified in Section 10.1(a).

Affected Assets has the meaning given to it in Section 5.4.

Affected Assets means, with respect to any Mandatory Redemption Event in accordance with Base Condition 6.2(a), (i) where “Partial Affected Assets” is specified as applicable, the Initial Assets subject to the Asset Event or other Mandatory Redemption Event, as applicable and (ii) otherwise, all Initial Assets.

Affected Assets means, with respect to any Mandatory Redemption in accordance with Base Condition 5.2(a), for the purpose of determining the Mandatory Redemption Amount in Additional Condition 4(c) and/or the Method of Disposal provisions in Additional Condition 7(e), the Assets subject to the Asset Event or other Mandatory Redemption Event.

Affected Assets means each and every Receivable, Related Account and Related Security, if any, with respect thereto, each and every Collection, with respect thereto, and proceeds of any of the foregoing.

Affected Assets means, with respect to any Early Redemption in accordance with Condition 5.2(a)(i), (i) where Notes are to be redeemed in part, the Assets subject to the Asset Event and (ii) otherwise, all Assets.