HRAC definition

HRAC means Household Receivables Acquisition Company, a Delaware corporation, and its successors and permitted assigns.
View Source
HRAC means Home Retail Acquisition Corp., a Delaware corporation.
View Source
HRAC shall be substituted for each occurrence of "the Owner Trustee," and all references to the Notes shall be ignored.
View Source

Examples of HRAC in a sentence

  • The representations and warranties set forth in this Section 4.02 shall survive the transfer and assignment of the Receivables to HRAC.

  • To the extent that an Insolvency Event shall occur with respect to (a) the Transferor, as specified in Section 6.01 of the Transfer and Servicing Agreement, (b) the Bank, as specified in Section 8.02 of the HRAC RPA, or (c) HRAC, as specified in Section 8.02 of the Transferor RPA, the Issuer shall provide, or cause to be provided, written notice of such occurrence to Standard & Poor's.

  • HRAC is a corporation duly organized and validly existing under the laws of the State of Delaware and has, in all material respects, full power and authority to own its properties and conduct its business as such properties are presently owned and such business is presently conducted and to execute, deliver and perform its obligations under this Agreement.

  • The representations and warranties set forth in this Section 4.03 shall survive the Conveyance of the Receivables to HRAC.

  • Upon discovery by HRAC II or Funding of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give written notice to the other party, the Owner Trustee and the Indenture Trustee within five Business Days following such discovery.

  • HRAC and the Bank have caused this Agreement to be duly executed by their respective officers as of the day and year first above written.

  • No failure to exercise and no delay in exercising, on the part of HRAC or the Bank, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

  • Upon discovery by HRAC II or MRI of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give written notice to the other party, and the Trustee within five Business Days following such discovery.

  • HRAC shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be requested by the Bank to effect the conveyance of such Receivables and other property pursuant to this subsection.

  • HRAC II is a corporation duly organized and validly existing in good standing under the laws of the State of Delaware and has, in all material respects, full power and authority to own its properties and conduct its business as such properties are presently owned and such business is presently conducted, and to execute, deliver and perform its obligations under this Agreement.