Flagship LLC definition
Examples of Flagship LLC in a sentence
Flagship LLC has all requisite corporate power and authority to conduct its business as it is now being conducted and to own or use the properties and assets that it currently purports to own or use.
Schedule 3.1.2(B) sets forth a true, accurate and complete copy of the Organizational Documents of Flagship LLC.
Solely for the purposes of any action to be taken, or consented to by Noteholders, any Note registered in the name of Flagship Credit Corporation, Flagship LLC or any Affiliate thereof shall be deemed not to be outstanding; provided, however, that, solely for the purpose of determining whether the Indenture Trustee is entitled to rely upon any such action or consent, only Notes which the Indenture Trustee knows to be so owned shall be so disregarded.
Flagship LLC shall pay all reasonable costs and disbursements in connection with the performance of its obligations hereunder and under the Sales and Servicing Agreement and its Transaction Documents.
The representations speak as of the execution and delivery of this Agreement and as of the Closing Date, in the case of Auto Loans, and as of each date of substitution, in the case of Substitute Auto Loans, and shall survive the sale of the Auto Loans by the Originator to Flagship LLC, the sale of the Auto Loans by Flagship LLC to the Depositor, and the sale of the Auto Loans by the Depositor to the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.
Flagship LLC shall deliver (or cause to be delivered) to Prudential, the Owner Trustee, the Insurer and the Indenture Trustee file-stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such recordation, registration or filing.
The Originator has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to acquire, own and sell the Auto Loans and the Other Conveyed Property transferred to Flagship LLC.
It is the intention of Flagship LLC and Prudential that the transfer and assignment contemplated by this Agreement shall constitute a sale of the Auto Loans and the Other Conveyed Property from Flagship LLC to Prudential and the beneficial interest in and title to the Auto Loans and the Other Conveyed Property shall not be part of Flagship LLC's estate in the event of the filing of a bankruptcy petition by or against Flagship LLC under any bankruptcy law.
The Originator wishes to sell and assign to Flagship LLC, and Flagship LLC wishes to purchase from the Originator, all right, title and interest of the Originator in, to and under the Auto Loans, together with the security interests held by the Originator in the related Financed Vehicles and the Other Conveyed Property (such terms and all other capitalized terms used herein having the meanings ascribed thereto in Article X hereof unless otherwise indicated).
The Originator acknowledges and consents to such conveyances and waives any further notice thereof and covenants and agrees that the representations and warranties of the Originator contained in this Agreement, and the rights of Flagship LLC hereunder, are intended to benefit the Depositor, the Indenture Trustee, the Trust, the Noteholders and the Insurer.