NAFCO definition

NAFCO means National Auto Finance Company L.P., a Delaware limited partnership.

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NAFCO shall hereinafter constitute references to "the Company" for all purposes.

NAFCO means National Auto Finance Company L. P., a Delaware limited partnership, prior to an initial public offering, and the successor entity, if any, thereof after an initial public offering to which all or a substantial portion of the assets or operations of National Auto Finance Company L.P. are directly or indirectly transferred to effect such initial public offering.

Examples of NAFCO in a sentence

• NAFCO, the Administrator and the Trustee have caused this Amendment to be executed by their respective officers thereunto duly authorized as of the day and year first above written.

• Upon discovery by NAFCO, the Administrator or a Responsible Officer of the Trustee of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give written notice to the other parties to this Agreement within three Business Days following such discovery.

• This Amendment may be executed by the parties hereto in several counterparts, each of which shall be executed by the NAFCO, National Auto and the Trustee and be deemed to be an original and all of which shall constitute together but one and the same agreement.

• Upon discovery by NAFCO, the Administrator or a Responsible Officer of the Trustee of a breach of any of the foregoing covenants, the party discovering such breach shall give written notice to the other parties to this Agreement within three Business Days following such discovery.

• In addition, NAFCO shall promptly (but in no case more than 30 days following issuance or receipt by a Commonly Controlled Entity) provide to Financial Security a copy of all correspondence between a Commonly Controlled Entity and the PBGC, IRS, Department of Labor or the administrators of a Multiemployer Plan relating to any Reportable Event or the underfunded status, termination or possible termination of a Plan or a Multiemployer Plan.

• Each of NAFCO and the Transferor shall keep or cause to be kept in reasonable detail books and records of account of its assets and business and, in the case of NAFCO, shall clearly reflect therein the transfer of Additional Contracts to the Transferor, and, in the case of the Transferor, shall clearly reflect therein the transfer of the Contracts to the Trust.

• No Receivable has been sold, transferred, assigned, or pledged by NAFCO to any Person other than the Trustee on behalf of the Trust.

• NAFCO or the Transferor shall cause the Trustee, upon retirement of the Securities pursuant to the Pooling and Servicing Agreement or otherwise, to furnish to Financial Security a notice of such retirement, and, upon retirement of the Securities and the expiration of the term of the Policy, to surrender the Policy to Financial Security for cancellation.

• NAFCO, or the Trustee, as agent for NAFCO (if the Trustee is not then acting as Transfer Agent and Registrar), may revoke such appointment as Transfer Agent and Registrar and remove the then-acting Transfer Agent and Registrar as Transfer Agent and Registrar if the Trustee or NAFCO (as applicable) determines in its sole discretion that the then-acting Transfer Agent and Registrar has failed to perform its obligations under this Agreement in any material respect.

• There is no fact known to NAFCO or to the Transferor which has a material possibility of causing a Material Adverse Change with respect to NAFCO, the Transferor or the Contracts.

More Definitions of NAFCO

NAFCO s obligation to purchase Contract Assets hereunder on each Subsequent Transfer Date shall be subject to the execution, delivery and effectiveness of the Pooling and Servicing Agreement and the delivery of the purchase price for the Certificates to Funding Trust by the initial purchasers thereof. In addition, the obligation of NAFCO to purchase Contract Assets hereunder on each Subsequent Transfer Date shall be further subject to the satisfaction of the following conditions on or before the Closing Date or such Subsequent Transfer Date, as the case may be: (i) all representations and warranties of ACCH contained in Section 4.1(a) shall be true and correct and all representations and warranties of ACCH in Section 4.1(b) shall be true and correct with respect to the Contracts sold transferred, conveyed and assigned to NAFCO on such Subsequent Transfer Date, in each case, on and as of such Subsequent Transfer Date; (ii) on such Subsequent Transfer Date, ACCH shall have duly completed and executed and delivered to NAFCO a Conveyance conforming to the requirements of Section 2.3(b); (iii) on or before such Subsequent Transfer Date, as the case may be, (a) ACCH shall have delivered to NAFCO or such other Person as NAFCO shall direct the original motor vehicle retail installment sale contract, duly endorsed by ACCH to NAFCO or such other Person as NAFCO shall direct, and the Contract Files that relate to each Contract included in the Contract Assets then being sold by ACCH to NAFCO and (b) ACCH shall have performed all other obligations then required to be performed by it pursuant to this Agreement, including, without limitation, Sections 2.2 and 2.3(b); (iv) no Bankruptcy Event or Servicer Default shall have occurred and be continuing on and as of such Subsequent Transfer Date; (v) as of such Subsequent Transfer Date, the Contracts then in the Trust, together with the Additional Contracts to be transferred to NAFCO on such Subsequent Transfer Date, shall meet the following criteria (computed based on the characteristics of the Additional Contracts as of the applicable Subsequent Cut-off Date): (A) the weighed average Contract Rate of the Contracts shall not be less than 18.0%, (B) the weighted average remaining term of the Contracts shall not be greater than 55 months, and (C) not more than 80% of the aggregate Outstanding Principal Balance of the Contracts shall represent loans to finance the purchase of used Financed Vehicles and (D) the final scheduled payment...

NAFCO means National Auto Finance Company L.P.

NAFCO and in its capacity as Master Servicer, the "Master Servicer").

NAFCO means National Agricultural and Food Corporation established by Act Number 17 of 1969 of the laws of the Borrower.

NAFCO and in its capacity as Servicer, the "Servicer").