Approved Seller definition

Approved Seller means a special purpose, bankruptcy remote, wholly-owned subsidiary of the Depositor which owns a portfolio of Loans that were pledged as collateral for one or more series of promissory notes issued by such subsidiary.

Approved Seller means any Person, other than Medallion Funding, acceptable to the Agent in its sole and absolute discretion and approved in writing by the Agent, as seller of Medallion Loans to the Borrower pursuant to an Approved Purchase Agreement.

Approved Seller means, in relation to an Approved Ship, the seller of such Approved Ship and, in the plural, means all of them;

Examples of Approved Seller in a sentence

• The Approved Seller has not done or omitted to do anything which might prejudicially affect or limit its rights or the rights of the Trustee under or in respect of a Mortgage Insurance Policy (including the payment of any premiums due under that Mortgage Insurance Policy) to the extent that those rights relate to that Receivable or the related Receivable Rights.

• Those Receivables and the related Receivable Rights, together with the interest of the Approved Seller under the Relevant Documents, are owned by it free and clear of any Security Interest (other than any Security Interest arising solely as the result of any action taken by the Trustee in connection with the Trust).

• On each Monthly Determination Date, the Approved Seller shall pay to the Trustee an amount equal to all Loan Offset Interest Amounts for the Monthly Collection Period immediately preceding that Monthly Determination Date.

• The Trustee must, at the direction of the Manager (at the Manager's option), at any time replace a Receivable of the Trust which has been repurchased by the Approved Seller under clause 12.6(d) of the Master Trust Deed using the funds received from the repurchase to purchase a substitute Eligible Receivable from the Approved Seller, if available.

• The Approved Seller may only provide a Further Advance if the Approved Seller purchases the relevant Housing Loan from the Trustee.

More Definitions of Approved Seller

Approved Seller. A Seller identified on Schedule VII thereto as such Schedule VII may be updated from time to time at the request of the initial Servicer with the prior written approval of the Administrative Agent (which approval shall not be unreasonably withheld and may be evidenced by an email confirmation).

Approved Seller means a Seller who has been approved by Bank as a Seller of Accounts pursuant to Section 5 of this Agreement.

Approved Seller means Westpac Banking Corporation (ARBN 007 457 141) or, other than in clauses 8.1, 8.2, 8.3, 8.5(b), 8.6, 8.7, 8.11, 8.12, 11, 33 and 37 of the Master Trust Deed, the Trustee in its capacity as trustee of the WST Warehouse Trust #1. Arrears subsist in relation to a Purchased Receivable if the Obligor under that Purchased Receivable fails to pay any amount due under that Purchased Receivable on the day it was due. Delayed payments arising from payment holidays based on early repayments (agreed in writing by Westpac), or from maternity or paternity leave repayment reductions, which are granted by Westpac or the Servicer will not, by themselves, lead to a Purchased Receivable being in Arrears.

Approved Seller means a Person who sells trucks to BTF that has been approved in writing by the Requisite Investors.

Approved Seller means an approved seller under the applicable Guidelines.

Approved Seller means (i) with respect to Applicable CPF Trucks for the Group which includes the Series 2006-1 Notes, a Person who sells trucks to CPF that has been approved in writing by the Requisite Group Investors of such Group and (ii) with respect to Applicable CPF Trucks for any other Group, a Person (other than an Eligible Truck Manufacturer) who sells trucks to CPF and either (x) is identified in each Series Supplement for the Notes of a Group or (y) with respect to whom the Rating Agency Condition is satisfied for each Series of Notes in such other Group.

Approved Seller means any Person a party to an asset purchase agreement or similar agreement, as seller, transferor, assignor or conveyor (as the case may be) with an Obligor, as buyer, whereby the applicable Obligor acquires all or substantially all the properties or assets of such seller, with respect to which the Bank has received the following: