Contract Assets definition

Contract Assets has the meaning assigned in Section 2.01 of the Transfer and Sale Agreement.

Contract Assets means, with respect to any Contracts (including Substitute Contracts) and related assets conveyed or being conveyed to the Depositor pursuant to a Substitution Assignment Agreement, the VFC Assignment or the Non-VFC Purchase Agreement, and concurrently conveyed or being conveyed by the Depositor to the Trust pursuant to this Pooling Agreement or a Substitution Transfer Agreement, all right, title and interest of CFUSA or the VFC Trust, as the case may be, in, to and under:

Contract Assets has the meaning assigned in Section 2.01 (and 2.04, as applicable in the case of Substitute Contracts).

Examples of Contract Assets in a sentence

• The Seller authorizes the Trust Depositor to file financing statements describing the Contract Assets as collateral.

• Although Seller and Trust Depositor agree that any such transfer is intended to be a sale of ownership in the Contract Assets, rather than the mere granting of a security interest to secure a borrowing, in the event such transfer is deemed to be of a mere security interest to secure indebtedness, Seller shall be deemed to have granted Trust Depositor a perfected first priority security interest in such Contract Assets and this Agreement shall constitute a security agreement under applicable law.

• Davidson Credit has not authorized the filing of any UCC financing statements listing the Contract Assets as collateral other than financing statements relating to the transactions contemplated in the Transfer and Sale Agreement.

• Seller acknowledges that, pursuant to the Sale and Servicing Agreement, Trust Depositor will assign all of its right, title and interest in and to the Contract Assets and its right to exercise the remedies created by Section 5.01 hereof for breaches of representations and warranties of Seller contained in Sections 3.01, 3.02, 3.03 and 3.04 hereof to the Issuer and the Indenture Trustee for the benefit of the Noteholders.

• The transactions contemplated by this Agreement and the Sale and Servicing Agreement constitute valid sales, transfers and assignments from Seller to Trust Depositor and from Trust Depositor to the Trust of all of Seller’s right, title and interest in the Contract Assets as of the Closing Date.

More Definitions of Contract Assets

Contract Assets means Contract Assets relating to [ ] Contracts.

Contract Assets. The meaning specified in the Contract Acquisition Agreement.

Contract Assets has the meaning given such term in the Conveyancing Agreement.

Contract Assets. Collectively, as of any date of determination, (a) each Contract that is listed on the Contract Schedule from time to time, (b) all Receivables related thereto, (c) the interest of the Issuer in the Equipment related thereto, (d) the related Contract Files, (e) all other Related Security, and (f) any and all income and proceeds of the foregoing.

Contract Assets has the meaning set forth in the Receivables Sale Agreement.

Contract Assets has the same meaning given such term in the Transfer and Servicing Agreement.

Contract Assets has the meaning set forth for “Contract Assets” in the Receivables Sale Agreement or for the “Conveyed Contract Assets” as the context may require.