FRLP definition
Examples of FRLP in a sentence
The Trustee authenticated and delivered the Deutsche FRLP Certificate to the Seller simultaneously with its delivery of the Investor Certificates of the first Series issued hereunder.
The Deutsche FRLP Certificate was issued to the Seller in registered form.
The Deutsche FRLP Certificate shall at all times be beneficially owned by the Seller.
Any purported transfer, assignment or other conveyance (including any participation) of the Class C Certificates in contravention of the immediately preceding sentence will be null and void ab initio and the purported transferor will continue to be treated as the holder of those Class C Certificates and the purported transferee will not be recognized as a Class C Certificateholder by Deutsche FRLP, the Servicer or the Trustee.
Any purported transfer, assignment or other conveyance of any Class C Certificate in contravention of the foregoing covenant will be null and void ab initio and the purported transferor will continue to be treated as the holder of such Class C Certificate and the purported transferee will not be recognized as a Class C Certificateholder by Deutsche FRLP, the Servicer or the Trustee.
The Purchaser acknowledges that none of Deutsche FRLP, the Servicer, the Initial Purchaser nor any of their respective affiliates or any Person representing any of them has made any representation to it with respect to any information relating to the offering or sale of the Class C Certificates, other than the information contained in the private placement memorandum for the Class C Certificates, a copy of which has been delivered to it.
Upon its acquisition, Jacob will be disregarded as an entity separate from FRLP for U.S. federal income tax purposes.
This certificate (the "ITT FRLP Certificate") does not represent an interest in or obligation of ITT Floorplan Receivables, L.P. (the "Seller" or "ITT FRLP"), ITT CMF or any affiliate thereof.
The parties agree to treat SXCP as having taken the assets deemed acquired by it subject to the outstanding liability of the Operating Company under the Raven Credit Agreement, and except as otherwise required by applicable Laws, to treat the amount of such liability as allocable to FRLP pursuant to Treasury Regulation Section 1.752-2.
The Deutsche FRLP Certificate will at all times be beneficially owned by the Seller.