Household Finance Corporation definition
Examples of Household Finance Corporation in a sentence
Each Holder of the Transferor's Certificates agrees that, if Household Finance Corporation (or any Successor Servicer) is terminated as Servicer hereunder, the portion of the Collections in respect of Finance Charge and Administrative Receivables that the Transferor is entitled to receive pursuant to this Agreement, the Indenture or any Indenture Supplement shall be reduced by an amount sufficient to pay the Transferor's share of the compensation of the Successor Servicer.
In performing such duties, so long as Household Finance Corporation is the Master Servicer, it shall comply with the standard and customary procedures for servicing all of its comparable motor vehicle receivables.
Notwithstanding any other provision of this Agreement, the obligations of the Master Servicer shall not terminate or be deemed released upon the resignation or termination of Household Finance Corporation as the Master Servicer and shall survive any termination of this Agreement.
Notwithstanding anything in this Agreement to the contrary, Household Finance Corporation may assign part or all of its obligations and duties as Servicer under this Agreement to an Affiliate of Household Finance Corporation so long as Household Finance Corporation shall have fully guaranteed the performance of such obligations and duties under this Agreement.
In the event that Household Finance Corporation is no longer acting as Servicer, any Successor Servicer shall deliver or make available to Household Finance Corporation each certificate and report required to be provided thereafter pursuant to subsection 3.04(b) and Sections 3.05 and 3.06.
The documents required to be delivered by Section 5 hereof shall be delivered at the office of Household Finance Corporation, 2700 ▇▇▇▇▇▇▇ ▇▇▇▇, Prospect Heights, Illinois, on the date hereof, or at such other time as the Agents and the Company may agree upon in writing (the "Closing Time").
Household Finance Corporation has caused this Agreement to be signed by one of its duly authorized officers, and its corporate seal to be affixed hereunto, and the same to be attested by its Secretary or one of its Assistant Secretaries; and has caused this Agreement to be signed by one of its duly authorized officers, and its corporate seal to be affixed hereunto, and the same to be attested by its Secretary or one of its Assistant Secretaries, all as of the day and year first above written.
Pursuant to the Amended and Restated Transfer and Servicing Agreement (as may be amended from time to time, the “HRFI III TSA”), dated as of November 16, 2000, among HRFI III, HSBC Finance Corporation (as successor by merger to Household Finance Corporation) and Wilmington Trust Company, as Owner Trustee (the “Owner Trustee”) of the Note Trust, HRFI III has sold and will, from time to time, continue to sell certain Purchased Assets to Wilmington Trust Company, as Owner Trustee of the Note Trust.
The Seller hereby represents and warrants to the Trust that such assignment is valid, enforceable and effective to permit the Trust to enforce such obligations of HAFC or an Affiliate of HAFC that is the seller under a Master Receivables Purchase Agreement and Household Finance Corporation under the Master Receivables Purchase Agreements.
Pursuant to the Amended and Restated Transfer and Servicing Agreement (as may be amended and supplemented from time to time, the “HAFC III TSA”), dated as of March 13, 2003 among HAFC III, HSBC Finance Corporation (as successor by merger to Household Finance Corporation), and Household Affinity Credit Card Master Note Trust I, HAFC III has sold and will, from time to time, continue to sell certain Purchased Assets to the Affinity Trust.