Assignment and Recognition Agreement definition
Examples of Assignment and Recognition Agreement in a sentence
The Indenture Trustee is hereby directed to enter into any Closing Agreement and any Assignment and Recognition Agreement executed by the Administrative Agent.
The Administrator shall enforce the related Prior Issuer’s obligations pursuant to any Assignment and Recognition Agreement or Closing Agreement, on behalf of the Issuer and the Indenture Trustee.
The Purchase Agreement and the Assignment and Recognition Agreement, as the case may be, copies of which are attached hereto as Exhibit S.
The Issuer does not own or hold, directly or indirectly (i) any capital stock or equity security of, or any equity interest in, any Person or (ii) any debt security or other evidence of indebtedness of any Person, other than Permitted Investments as provided hereunder and the Receivables acquired under the Receivables Sale Agreement, the Receivables Pooling Agreement and each Assignment and Recognition Agreement.
The Assignment and Recognition Agreement, dated as of [____], between the Owner and the Depositor.
The Assignment and Recognition Agreement, dated as of [_____________], between the Indemnifying Party and _________.
Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Assignment and Recognition Agreement.
Any draws under any VFNs shall be used only (i) to purchase new Receivables pursuant to the Receivables Pooling Agreement or an Assignment and Recognition Agreement and (ii) to provide funding in respect of Excess Receivables Funding Amounts, in each case, in a manner that would not be in violation of any term hereof (including, without limitation, in a manner that would result in a material adverse United States federal income tax consequence to the Trust Estate or any Noteholders).
All Receivables created or acquired on or after the Closing Date which are (a) sold and/or contributed by (i) the Receivables Seller to the Depositor pursuant to the Receivables Sale Agreement, as described in Section 2(a) of the Receivables Sale Agreement and (ii) the Depositor to the Issuer pursuant to the Receivables Pooling Agreement or (b) sold to the Issuer pursuant to an Assignment and Recognition Agreement or a Closing Agreement.
The Administrator shall enforce a Prior Issuer’s obligations pursuant to the Assignment and Recognition Agreement, on behalf of the Issuer and the Indenture Trustee.