KF Purchased Assets definition

KF Purchased Assets shall have the meaning set forth in the Receivables Purchase Agreement.
Sample 1Sample 2Sample 3
KF Purchased Assets shall have the meaning set forth in Section 2.1(a).
Sample 1Sample 2
KF Purchased Assets means Seller Assets that are being purchased or have been Purchased by the Issuer hereunder. Schedule 2.1 sets forth a list of all CRC Home Purchase Contracts as of the Closing Date. Each new Home Purchase Contract that is not a CRC Excluded Contract and that is entered into by the Seller during any month shall be added to the CRC Home Purchase Contracts and shall be reported on or after the last day of such month by delivering a written notice in the form of Exhibit 2.1 to the Issuer or its designee, whereupon Schedule 2.1 shall be amended by the Seller to add such new Home Purchase Contract to the list of CRC Home Purchase Contracts set forth therein. On or prior to the date of the delivery of any such notice, the Seller shall indicate, or cause to be indicated, in its computer files, books and records that the CRC Receivables and other KF Purchased Assets then existing and thereafter created pursuant to or in connection with each such CRC Home Purchase Contract are being transferred to the Issuer pursuant to this Agreement.
Sample 1

Examples of KF Purchased Assets in a sentence

  • Consistent with the Issuer’s ownership of all KF Purchased Assets and subject to the terms of the Pool Relocation Management Agreements, as between the parties to this Agreement, the Issuer shall have the sole right to service, administer and collect all KF Purchased Assets, to assign such right and to delegate such right to others.

  • Notwithstanding the foregoing, if an Insolvency Proceeding is pending with respect to either the Seller or the Issuer prior to the Termination Date, the Seller shall not sell, and the Issuer shall not buy, any KF Purchased Assets hereunder unless and until such Insolvency Proceeding is dismissed or otherwise terminated.

  • All written information furnished by the Seller to the Issuer or its successors and assigns pursuant to or in connection with any Transaction Document or any transaction contemplated herein or therein with respect to the KF Purchased Assets transferred hereunder on such date is true and correct in all material respects on such date.

  • The Seller had at all relevant times, and now has, all necessary power, authority and legal right to own and sell the KF Purchased Assets.

  • The Seller and the Issuer intend the transfers of KF Purchased Assets hereunder to be true sales by the Seller to the Issuer that are absolute and irrevocable and to provide the Issuer with the full benefits of ownership of the KF Purchased Assets, and neither the Seller nor the Issuer intends the transactions contemplated hereunder to be, or for any purpose to be characterized as, loans from the Issuer to the Seller, secured by the KF Purchased Assets.

  • On the terms and subject to the conditions of this Agreement, the Issuer shall pay to the Seller on the Closing Date the Receivables Purchase Price for the KF Purchased Assets sold on such date.

  • In consideration of the Issuer’s purchase of the KF Purchased Assets and as more fully set forth in Section 11.12, the Seller hereby acknowledges and agrees that the Issuer intends to assign for the benefit of the Issuer and its successors and assigns the rights and interests granted by the Seller to the Issuer hereunder, and agrees to cooperate fully with the Issuer and its successors and assigns in the exercise of such rights.

  • No Purchase of KF Purchased Assets shall be made hereunder on any date on which the Issuer does not have sufficient funds available to pay the Receivables Purchase Price.

  • On the terms and subject to the conditions of this Agreement, the Issuer shall pay to the Seller, on each other Business Day on which any KF Purchased Assets are purchased from the Seller by the Issuer pursuant to Article II, the Receivables Purchase Price for such KF Purchased Assets.

  • After giving effect to the conveyance of KF Purchased Assets hereunder on such date, the Seller is Solvent and able to pay its debts as they come due and has adequate capital to conduct its business as presently conducted.

Related to KF Purchased Assets

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Transferred Assets has the meaning set forth in Section 2.1.

  • Acquired Assets has the meaning set forth in Section 2.1.

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

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Sold Assets has the meaning set forth in Section 2.01(b).

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

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

  • 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.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Purchased Interests has the meaning set forth in the Recitals.

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Purchased Asset Documents means, with respect to a Purchased Asset, the documents comprising the Purchased Asset File for such Purchased Asset.

  • Receivables Purchase Price means $1,652,997,849.97.

  • Purchased Interest means, at any time, the undivided percentage ownership interest of the Purchasers in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage ownership interest shall be computed as:

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Subject Assets is defined in Section 2.2(c).

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Repurchase Assets has the meaning assigned thereto in Section 8 hereof.

  • Purchased Intellectual Property has the meaning set forth in Section 1.2(g).

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered included in Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.

  • Acquisition Assets With respect to an Acquisition, the aggregate net assets as of the effective date of such Acquisition of all Acquired Funds.