BVAC definition
Examples of BVAC in a sentence
If BVAC is no longer the Servicer, the successor Servicer shall provide to the Transferor all information as the Transferor may reasonably request in order to fulfill its obligations to make such certifications.
Receivables purchased by BVAC as of the last day of such Collection Period shall be identified by the BVAC account number with respect to such Receivable (as specified in Schedule A to this Agreement).
In consideration of the purchase of such Receivable, BVAC shall remit the Purchase Amount in the manner specified in Section 8.10 hereof.
In consideration of the purchase of the Receivable, BVAC shall remit the Purchase Amount, in the manner specified in Section 9.03.
The reasonable expense of every such examination shall be paid by BVAC, as initial Servicer, or, if paid by the Owner Trustee, shall be reimbursed by BVAC, as initial Servicer, upon demand.
The Food & Beverage Minimum is inclusive of all service charges and taxes.
In addition, the Indenture Trustee shall provide to BVAC or the Transferor (whichever of the two is then required to make such certifications) with a certification signed by a Responsible Officer stating that such Responsible Officer is not actually aware (without any independent duty of inquiry or investigation) of any matters which would cause the certification to be made by BVAC or the Transferor, as the case may be, to be incorrect.
Notwithstanding the foregoing, BVAC shall not be required to remit the Purchase Amount in the manner specified in this Section 7.02 with respect to any Receivable repurchased or subject to repurchase by BVAC pursuant to Section 8.08 for the reasons specified in Section 8.08.
The Issuer shall cause BVAC, as initial Servicer to establish the Collection Account with the Indenture Trustee or another Eligible Bank as a segregated non-interest bearing trust account in the name of the Indenture Trustee for the benefit of the Secured Parties.
In consideration of the purchase of such Receivable, BVAC shall remit the Purchase Amount in the manner specified in Section 8.10.