Asset Interest definition

Asset Interest is defined in Section 2.1(b).

Asset Interest. An undivided percentage ownership interest, determined from time to time as provided in Section 1.4(b), in (i) all then outstanding Pool Receivables and (ii) all Related Assets.

Asset Interest means an undivided ownership interest determined from time to time as provided in Section 1.04(b) in all Pool Assets.

Examples of Asset Interest in a sentence

• After the relevant Delivery Date, this Article VI and Section 8.12 will provide the sole and exclusive remedy for WEST relating to such Initial Asset Interest or Title Transfer Asset, as applicable, the corresponding Initial Asset Trust, Initial Asset and Related Assets and the transactions contemplated by this Agreement.

• The Asset Interest in each Initial Asset Trust has been duly authorized, validly issued and fully paid for and non-assessable, and there is no other agreement outstanding that provides for the issuance of additional beneficial interests in such Initial Asset Trust, or that entitles any Person to exercise preemptive rights or to manage or direct any such Initial Asset Trust other than in accordance with the Asset Trust Agreements.

• If yes, complete information below:YesNo Type of Asset: Interest Rate/DividendsCash Value$ Part 6.

• In respect of each Initial Asset Interest, immediately prior to the relevant Delivery Date, Xxxxxx has, and will continue to have full legal and beneficial title to such Initial Asset Interest purported to be owned by it, in each case, free and clear of all Encumbrances except Permitted Encumbrances.

• Xxxxxx intends for the sale of each Initial Asset Interest and each Title Transfer Asset to constitute a valid transfer of such asset and the related Transferred Property to WEST and intends that after the relevant Delivery Date, Xxxxxx shall retain no right, title or interest in such asset (other than through its ownership of Beneficial Interest Certificates in WEST).

More Definitions of Asset Interest

Asset Interest. The Funding Agents shall hold the Asset Interest on behalf of their related Conduit Investors and Related Alternate Investors in accordance with the related Investor Interest, from time to time. To the extent a Funding Agent holds the Asset Interest on behalf of the Related Alternate Investors, such Funding Agent shall hold the Alternate Investor Percentage of the Asset Interest on behalf of such Alternate Investors pro rata in accordance with their respective outstanding portions of the Net Investment funded by them.

Asset Interest. The Agent shall hold the Asset Interest on behalf of the Conduit Investors and the Alternate Investors, as applicable pro rata in accordance with their respective Investor Percentages.

Asset Interest. “Delinquent Receivable”, “Defaulted Receivable”, “Eligible Receivable”, “Event of Termination”, “Unmatured Event of Termination”, “Required Purchasers”, “Net Portfolio Balance”, “Purchase Termination Date”, “Related Asset”, “Required Reserves”, “Master Servicer Termination Events”, “Unmatured Master Servicer Termination Event”, “Specified Concentration Percentage” (other than any permitted changes contemplated by the definition thereof), or “Yield Period” or any of the definitions used in any such preceding definition, in each case without the prior written consent of each Committed Purchaser and each Purchaser Agent or (vi) release all or any material part of the Asset Interest from the security interest granted by the Seller to the Administrative Agent hereunder without the prior written consent of each Committed Purchaser and each Purchaser Agent; provided, further, that the consent of Seller and Master Servicer shall not be required for the effectiveness of any amendment which modifies on a prospective basis, the representations, warranties, covenants or responsibilities of Master Servicer at any time when Master Servicer is not CHR or an Affiliate of CHR or a successor Master Servicer is designated by Administrative Agent through a Successor Notice. Notwithstanding anything in any Transaction Document to the contrary, none of Seller or Master Servicer shall (and shall not permit Performance Guarantor to) amend, waive or otherwise modify any other Transaction Document, or consent to any such amendment or modification, without the prior written consent of Administrative Agent and the Required Purchasers.

Asset Interest means an undivided percentage ownership interest, determined from time to time as provided in SECTION 1.04(B) of the XXX Purchase Agreement, in (i) all then outstanding Pool Receivables, and (ii) all Related Assets.

Asset Interest means, with respect to any Airframe or Aircraft Engine that is owned by an Asset Trust, the beneficial ownership interest in such Asset Trust. The acquisition or disposition of all of the Asset Interest with respect to an Asset Trust that holds an Airframe or Aircraft Engine constitutes, respectively, the acquisition or disposition of that Airframe or Aircraft Engine.

Asset Interest has the meaning set forth in Section 1.04(a).

Asset Interest. At any time, an undivided variable percentage ownership interest in all Assets. The undivided percentage interest of an Asset Interest shall equal C + C x R ------- AC ---------------------- ADCB where: