Eligible State definition

Eligible State means, with respect to the Titling Trust, any State in which the Titling Trust is, if and to the extent required by Applicable Law, qualified, authorized and licensed to hold title or other evidence of the interest in leased vehicles.
Eligible State means, for any Titling Company, any State in which such Titling Company is, if and to the extent required by Applicable Law, qualified, authorized and licensed to hold title or other evidence of the interest in Leased Vehicles.
Eligible State means a State that is not a Prior Settling State and is thus eligible to participate in this Agreement and become a Settling State.

Examples of Eligible State in a sentence

  • Neither the Closed-End Servicer nor the Closed-End Collateral Agent will allow any Closed-End Vehicle to be titled in the name of the Titling Trust unless the related Certificate of Title has been issued by a state or jurisdiction that is an Eligible State with respect to the Titling Trust.


More Definitions of Eligible State

Eligible State means a state qualified to be a party state to this compact as provided in Article VIII.
Eligible State means the states, commonwealths, and territories of the United States of America, but excluding Florida, New Mexico, and West Virginia. Eligible States are listed in Exhibit F-2. The use of non-capitalized “state” to describe something (e.g., “state court”) shall also be read to include parallel entities in commonwealths, territories, and the District of Columbia (e.g., “territorial court”).
Eligible State means, with respect to a fiscal year, a State
Eligible State means either the State of Illinois or the Commonwealth of Kentucky.
Eligible State. ’ means a State—
Eligible State means any EU member state of the European Union (EU), any EU member state of the Organisation for Economic Co-operation and Development (OECD), and any other state which the board of directors of Schroder International Selection Fund deem appropriate;
Eligible State means a state within the United States (including the District of Columbia, Puerto Rico and Guam) in which Company or one of its Affiliates has a valid state or territory license, certification or approval to produce and/or dispense cannabis included or derived medicine. In the event that the US federal government reclassifies cannabis and/or cannabis derived products such that their manufacture, distribution and possession with intent to distribute are no longer illegal under US federal law, all US states which do not prohibit their manufacture, distribution and possession with intent to distribute under state law will be deemed to be Eligible States. In the event that Company or one of its Affiliates receives FDA approval to market one or more Licensed Products as a drug or a botanical drug, all US states (including the District of Columbia, Puerto Rico and Guam) will be deemed to be Eligible States.