BACCS definition

BACCS has the meaning set forth in the first paragraph of this Agreement.
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BACCS means Banc of America Consumer Card Services, LLC, a North Carolina limited liability company, together with its successors and assigns.
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Examples of BACCS in a sentence

  • Prior to the Merger Date, BACCS and Funding were each party to that certain Receivables Purchase Agreement, dated as of October 20, 2006 (as amended, supplemented or otherwise modified, the “Original Receivables Purchase Agreement”), pursuant to which BACCS sold to Funding credit card receivables arising under the credit card accounts identified in the Original Receivables Purchase Agreement and certain other related assets.

  • This Agreement amends and restates the Second Amended and Restated First Tier Agreement and the Amended and Restated Second Tier Agreement and integrates them into a single document embodied in this Agreement, thereby effectuating the intentions of each of BANA, BACCS and Funding on and after the Closing Date as set forth in the “Background” section of this Agreement.

  • Each of BANA, BACCS and Funding wishes to acknowledge the expected winding up, liquidation and cessation of BACCS and each of BANA and Funding wishes to continue the sale of credit card receivables and certain related assets to Funding following the winding up, liquidation and cessation of BACCS.

  • BANA hereby acknowledges, confirms and ratifies as its own the actions taken by BACCS prior to the date of this Agreement under each Prior Second Tier Agreement.

  • Each of the parties hereto acknowledge that the intended winding up of the operations of, liquidation of, and cessation of BACCS as an entity is imminent.

  • Each of the parties hereto does hereby consent to such winding up, liquidation and cessation of BACCS as an entity on or after the BACCS Liquidation Date.

  • As of the close of business on or about July 17, 2015 (the “BACCS Liquidation Date”), BACCS is expecting to wind up its operations, distribute its assets to its parent, BANA, pursuant to a liquidating distribution, and cease to exist as an entity.

  • As of the close of business on July 17, 2015, BACCS wound up its operations, distributed its assets to its parent, BANA, pursuant to a liquidating distribution, and ceased to exist as an entity.

  • The records do not include transactions that are electronically preserved in the Enterprise Resource Planning (ERP) System, Elite Series System or the Bid and Contract Chargeback System (BACCS).

  • A security deposit of £1'200 is payable (in cash or BACCS Transfer) 24hrs prior to collection of the vehicle.


More Definitions of BACCS

BACCS has the meaning set forth in the first paragraph of this Agreement. “BACCS Liquidation Date” has the meaning set forth above under the heading “Background”.
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BACCS has the meaning set forth in the Background section of this Agreement.
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BACCS has the meaning set forth in the first paragraph of this Supplemental Conveyance.
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BACCS means Banc of America Consumer Card Services, LLC, a North Carolina limited liability company, and its permitted successors and assigns. “Bank Portfolio” shall mean the MasterCard,® VISA,® and American Express® credit card accounts owned by the Account Owner.
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Related to BACCS

  • Santander Consumer means Santander Consumer USA Inc., an Illinois corporation, and its successors and assigns.

  • BANA shall have the meaning assigned to such term in the preamble to this Agreement.

  • RFC means ReliabilityFirst Corporation.

  • FIA means the Fédération Internationale de l’Automobile, which is the sole international authority entitled to make and enforce regulations for the encouragement and control of automobile competitions and records through the FIA World Motorsport Council.

  • NFC means Navistar Financial Corporation, a Delaware corporation.

  • GMAC GMAC Mortgage Corporation, or its successor in interest.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Bulk Consumer means a consumer such as the Departments of Central Government like Railways, Defense, Telecom, Posts and Telegraph, the Department of State Government, the Undertakings, Boards and other agencies or companies who purchase hundred or more than hundred batteries per annum.

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Originator means the sender of the first payment order in a funds transfer.

  • Backup Servicing Agreement means the Amended and Restated Backup Servicing Agreement dated as of the Closing Date among the Borrower, the Servicer, the Administrative Agent and the Backup Servicer, as amended by that certain Amendment No. 1 to Backup Servicing Agreement dated as of April 14, 2009, as the same may from time to time be further amended, restated, supplemented, waived or modified.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Originators have the meaning set forth in the Purchase and Sale Agreement, as the same may be modified from time to time by adding new Originators or removing Originators, in each case with the prior written consent of the Administrative Agent.

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • the Seller means the person so described in the Order;

  • Backup Servicer means Wxxxx Fargo Bank, National Association, in its capacity as Backup Servicer under this Agreement.

  • AFSA means the Arbitration Foundation of South Africa;

  • Countrywide Countrywide Home Loans, Inc., a New York corporation and its successors and assigns.

  • Purchased Student Loan means a Financed Student Loan purchased as of the close of business on the last day of a Monthly Collection Period or Collection Period, as applicable, by the Servicer pursuant to Section 3.05 of the Servicing Agreement or repurchased by the Seller pursuant to Section 3.02 of the Loan Sale Agreement.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • CAC means the Cyberspace Administration of China.

  • Initial Receivables means any Receivable conveyed to the Trust on the Closing Date.

  • NCB means National City Bank, a national banking association, together with its successors and assigns.