Initial Purchased Property definition

Initial Purchased Property. As defined in Section 2.01(a) of the Pooling and Servicing Agreement.
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Initial Purchased Property. As defined in Section 2.01(a) of the Pooling and Servicing Agreement.] [Initial Receivables: Any retail instalment sale contract or direct purchase money loan for a Financed Vehicle that is included in the Schedule of Initial Receivables attached to the First Step Initial Receivables Assignment and all rights and obligations thereunder.]
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Examples of Initial Purchased Property in a sentence

  • In consideration for the Initial Purchased Property, XXXX shall, on the Initial Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Initial Receivables and the Seller shall execute and deliver to XXXX an assignment in the form attached hereto as Exhibit A (the “First Step Initial Receivables Assignment”).

  • In consideration for the [Initial] Purchased Property, Ally Auto shall, on the [Initial] Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the [Initial] Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step [Initial] Receivables Assignment”).

  • In consideration for the Initial Purchased Property described in Section 2.1(a) sold by the Seller to the Purchaser on the Closing Date, the Purchaser shall, on the Closing Date, pay to the Seller the Initial Receivables Purchase Price.

  • In consideration for the [Initial] Purchased Property, XXXX shall, on the [Initial] Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the [Initial] Receivables and the Seller shall execute and deliver to XXXX an assignment in the form attached hereto as Exhibit A (the “First Step [Initial] Receivables Assignment”).

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  • In consideration for the [Initial] Purchased Property, Ally Auto shall, on the [Initial] Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the [Initial] Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step Receivables Assignment”).

  • The Seller has determined that the Initial Receivables Purchase Price received by it for the Initial Purchased Property on the Closing Date and the Additional Receivables Purchase Price to be received by it for the Subsequent Purchased Property on each Subsequent Transfer Date are equal to the fair market value for such Purchased Property.

  • SECTION 2.1 Conveyance of the Initial Receivables and the Other Initial Purchased Property.

  • In consideration for the [Initial] Purchased Property, Ally Auto shall, on the [Initial] Closing Date, pay to the Seller an amount equal to the Initial Aggregate Receivables Principal Balance in respect of the Receivables and the Seller shall execute and deliver to Ally Auto an assignment in the form attached hereto as Exhibit A (the “First Step [Initial] Receivables Assignment”).

  • The Purchased Receivables comprising the Initial Purchased Property, Further Purchased Property and Substitute Receivables may also be prepaid, default or substituted during the Revolving Period, and therefore the characteristics of the Issuer Assets may change after the Closing Date, and could be substantially different at the end of the Revolving Period from the characteristics of the pool of Purchased Receivables comprising the Initial Issuer Assets.

Related to Initial Purchased Property

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Purchased Property As defined in Section 2.01(a) of the Pooling Agreement.

  • Initial Purchase Price has the meaning set forth in Section 2.1.

  • Initial Purchaser As defined in the preamble hereto.

  • Initial Purchasers shall have the meaning set forth in the preamble.

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • Initial Purchase Agreement means the Purchase Agreement (including the related Blanket Endorsement, Initial Xxxx of Sale and any attachments thereto) substantially in the form of Attachment A hereto (of which these Master Terms form a part by reference), to be executed by VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding, which shall certify that the representations and warranties made by VL Funding as set forth in Sections 5(A) and (B) and by the Servicer as set forth in Section 5(C) of these Master Terms are true and correct as of the Closing Date.

  • Additional Purchasers means purchasers of Additional Notes.

  • Original Purchasers means RBC Capital Markets, LLC, Chicago, Illinois, and the other original purchasers designated by the Fiscal Officer in the Certificate of Award.

  • Original Purchaser means the original purchaser of the Bonds designated by the Fiscal Officer in the Certificate of Award.

  • Exempt commercial purchaser means any person purchasing commercial insurance that, at the time of placement, meets the following requirements:

  • Initial Purchase Date means the date of the Initial Purchase.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Rental-purchase agreement means an agreement for the use of personal property by a lessee primarily for personal, family, or household purposes, for an initial period of 4 months or less that is automatically renewable with each payment after the initial period and that permits the lessee to become the owner of the property. Rental-purchase agreements shall not include any of the following:

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Closing Date Mortgaged Property as defined in Section 3.1(h).

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Conveyed Property means the Initial Conveyed Property and the Subsequent Conveyed Property.

  • Additional Purchase Agreement means each Additional Purchase Agreement (including the related Additional Xxxx of Sale, the related Blanket Endorsement and any attachments thereto), substantially in the form of Attachment C hereto (of which these Master Terms form a part by reference, provided that in the event of a substitution, the form will be modified accordingly), to be executed by SLM ECFC, Funding and the Interim Eligible Lender Trustee for the benefit of Funding, which certifies that the representations and warranties made by SLM ECFC as set forth in Sections 5(A) and (B) of these Master Terms are true and correct as of the related Purchase Date.

  • Additional Purchase Price has the meaning provided in Section 1.2(b).

  • Original Purchase Price means the price paid by you for the motor vehicle or a maximum of 110% of the market value of the vehicle as defined by Glass's Guide Retail at time of purchase, whichever is the lesser (including all factory fitted accessories) and after any discount given, but does not include the cost of dealer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, insurance premiums (including the premium for this policy), warranty premiums, any finance arrears and any such associated costs and any negative equity transferred from a previous finance agreement.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Subsequent Mortgage Loan Purchase Agreement The agreement between the Depositor and the Seller regarding the transfer of the Subsequent Mortgage Loans by the Seller to the Depositor.

  • Delay Delivery Mortgage Loans The Mortgage Loans for which all or a portion of a related Mortgage File is not delivered to the Trustee or to the Custodian on its behalf on the Closing Date. The number of Delay Delivery Mortgage Loans shall not exceed 25% of the aggregate number of Mortgage Loans as of the Closing Date.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.