Initial Transferred Property definition

Initial Transferred Property means the property and proceeds conveyed pursuant to Section 2.1.
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Initial Transferred Property shall have the meaning specified in Section 2.1(a) hereof.
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Initial Transferred Property means the property and proceeds conveyed pursuant to S ection 2.1.
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Examples of Initial Transferred Property in a sentence

  • Immediately upon the vesting of the Transferred Property in the Trust, the Trust, pursuant to the Grantor Trust Agreement, will (i) on the Closing Date, simultaneously contribute the Initial Transferred Property to the Grantor Trust in exchange for the Grantor Trust Certificate, and (ii) on each Subsequent Transfer Date, upon its acquisition of Subsequent Transferred Property, simultaneously therewith contribute such Subsequent Transferred Property to the Grantor Trust.

  • In consideration for the Initial CPS Receivables and other Initial Transferred Property described in Section 2.1(a), the Purchaser shall, on the Initial Closing Date, pay to the Seller the Initial Receivables Purchase Price.

  • The Originator has received adequate consideration for the transfer of the Initial Receivables and the other Initial Transferred Property and will upon the transfer thereof receive adequate consideration for the Subsequent Receivables and any Subsequent Transferred Property.

  • On the Closing Date, subject to the terms and conditions of this Purchase Agreement, the Originator agrees to sell to the Transferor, and the Transferor agrees to purchase from the Originator, without recourse (subject to the obligations in this Purchase Agreement and the Sale and Servicing Agreement), all of the Originator's right, title and interest in, to and under the Initial Receivables and the other Initial Transferred Property relating thereto.

  • Each conveyance to the Transferor of the Initial Receivables and other Initial Transferred Property relating thereto is intended as a sale free and clear of all liens and it is intended that such Initial Transferred Property and other property of the Transferor shall not be part of the Originator's estate in the event that the Originator becomes insolvent or a conservator or receiver is appointed for the Originator.

  • The Initial Receivables and other Initial Transferred Property are being transferred, and the Subsequent Receivables and the other Subsequent Transferred Property will be transferred by the Originator, with the intention of removing them from the Originator's estate pursuant to the Federal Deposit Insurance Act and the FDIC Receivership Regulations.

  • The Depositor hereby makes the following representations, warranties and covenants to the Trustee and the Certificateholders on which the Trustee relies in accepting the Initial Transferred Property in trust and in authenticating the Certificates, and on which the initial Certificateholders have relied in purchasing the Certificates.

  • On the Closing Date, as full consideration for the Phoenix Finance Subsidiary's Transfer of the Initial Transferred Property to PSSFC, PSSFC will deliver to the Phoenix Finance Subsidiary (i) cash equal to the sum of (A) $21,423,000 with respect to the Class A Certificates, and (B) 5 days' accrued interest on the Class A Certificates, at the rate of 6.85%, payable by wire transfer of same day funds and (ii) the Class B and the Trust Certificate to be issued pursuant to the Pooling and Servicing Agreement.

  • The Depositor hereby makes the following representations, warranties and covenants to the Trustee, the Trust, the Certificate Insurer and the Certificateholders on which the Trustee relies in accepting the Initial Transferred Property in trust and in authenticating the Certificates, on which the Certificate Insurer relies in executing and delivering the Certificate Insurance Policy and on which the initial Certificateholders have relied in purchasing the Certificates.

  • In consideration for the Initial CPS Receivables and other Initial Transferred Property described in Section 2.1(a), the Purchaser shall, on the Closing Date, pay to the Seller the Initial Receivables Purchase Price.


More Definitions of Initial Transferred Property

Initial Transferred Property. All of the Seller's right, title and interest, whether now owned or existing or hereafter created, arising, or acquired, in, to and under the following: (i) the Initial Mortgage Loans (including the Cut-Off Date Principal Balances of such Initial Mortgage Loans now existing and all Additional Balances arising thereunder after the Cut-Off Date through and including the date immediately preceding the commencement of the Rapid Amortization Period), all interest accruing thereon, all monies due or to become due thereon, and all collections in respect thereof received on or after the Cut-Off Date (other than interest thereon in respect of any period prior to the Cut-Off Date); provided, however, that any Principal Balance represented by a Draw made during the Rapid Amortization Period and interest thereon and money due or to become due in respect thereof will not be or deemed to be transferred to the Purchaser, and the Seller in such event shall retain ownership of each Principal Balance represented by each such Draw and interest thereon and money due or to become due in respect thereof; (ii) the interest of the Seller in any insurance policies in respect of the Initial Mortgage Loans; (iii) the interest of the Seller in the Mortgages and the Loan Agreements related to each Initial Mortgage Loan and the other Related Documents and (iv) all proceeds of the foregoing.
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Initial Transferred Property shall have the meaning specified in Section 2.1(a) of the Purchase Agreement.
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Initial Transferred Property means the property transferred and assigned by the Depositor to the Trust pursuant to Section 2.01 of the Pooling and Servicing Agreement, except for the Initial Unpaid Amounts relating thereto.
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Initial Transferred Property. The property transferred and assigned by the Transferor to the Trust pursuant to Section 2.01 hereof, except for the Initial Unpaid Amounts relating thereto.
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Initial Transferred Property means (a) (i) any Initial Equipment that is owned by the Phoenix Finance Subsidiary and any and all income and proceeds from such Initial Equipment, but subject to the rights of any User to quiet enjoyment of such Initial Equipment under the related Initial Lease and (ii) any security interest of the Phoenix Finance Subsidiary in any of the Initial Equipment that is not owned by the Phoenix Finance Subsidiary, (b) the Initial Leases, including, without limitation, all Scheduled Payments, Residual Receipts and any other payments due with respect to the Initial Leases after the Cut-Off Date relating to such Initial Leases, (c) any guarantees of a User's obligations under an Initial Lease, (d) all other documents in the Lease Files with respect to the Initial Leases, including, without limitation, any Uniform Commercial Code financing statements relating to the Initial Leases or the Initial Equipment, (e) any Insurance Policies and Insurance Proceeds with respect to the Equipment, (f) all of the Phoenix Finance Subsidiary's right, title and interest in and to, and rights under, the Contribution Agreement, (h) the Security Deposits and (i) any and all income and proceeds of any of the foregoing; provided, however, that the right, title and interest in and to the Initial Unpaid Amounts relating to the Initial Equipment, or to any warrants issued by a User to PLI, shall not be transferred or assigned pursuant hereto.
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Related to Initial Transferred Property

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Acquired Property shall have the meaning set forth in Section 5.11(c)(i)(A) hereof.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.

  • Specified Property means property for which an election has been made for a special elective benefit.

  • 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.

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

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Assigned Property means real and related personal property which, in the discretion of the Administrator or his designee, has been made available to the Department for transfer for public health purposes.

  • Transition Property means the property right created by a financing order, including without

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Contributed Property means each property or other asset, in such form as may be permitted by the Delaware Act, but excluding cash, contributed to the Partnership. Once the Carrying Value of a Contributed Property is adjusted pursuant to Section 5.5(d), such property shall no longer constitute a Contributed Property, but shall be deemed an Adjusted Property.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

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

  • 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.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Abandoned property means personal property left by an owner who intentionally

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Blighted property means property that meets any of the following criteria:

  • Released Property means any portion of the Project removed, scrapped, traded in, sold, or otherwise disposed of pursuant to Section 4.03 hereof, any portion of the Project stolen, damaged, destroyed, or taken by condemnation or eminent domain proceedings as described in Article VII hereof, and any infrastructure which the Company dedicates to the public use (within the meaning of that phrase as used in Section 12-6-3420(C) of the Code).

  • New property means (i) the assessed value, after final