Owned Contracts definition

Owned Contracts is defined in the Recitals of the Purchase Agreement.
Owned Contracts means the receivables for the purchase of new or used automobiles, trucks, vans, and sport utility vehicles that originally secured the senior bank debt of FMAC and were purchased by credit bid of the agent for the holders of the senior bank debt and then sold to the Contract Purchaser.

Examples of Owned Contracts in a sentence

  • Pursuant to the FMAC Plan, at the option of the Company and subject to certain conditions, the Company may distribute the Stock Option Shares to FMAC or at the request of FMAC and pursuant to its instructions directly to the unsecured creditors of FMAC, in lieu of FMAC's right to receive all or a portion of distributions under the Excess Collections Split (including both recoveries under the Excess Collections Split from the Owned Contracts and the B Pieces) in cash.

  • Usage is dis- couraged and will be removed in the future.All these transfer functions can be sent to Externally Owned Contracts , but also on Contract Accounts .

  • For Individually Owned Contracts: • The Covered Person is the Contract Owner as of the Rider Effective Date.

  • In the event that Cygnet is then servicing the Owned Contracts and the Securitized Pools, Cygnet agrees to advise the Company at least 20 days prior to the date upon which cash distributions under the Excess Collections Split are likely to begin and to provide the Company with an estimate as to the likely amount and timing of such cash distributions.

  • In addition, the liabilities being transferred to Cygnet include a guarantee of a specified return on certain contracts (the "Owned Contracts") sold to a third party purchaser (the "Contract Purchaser") in connection with the FMAC transaction, subject to a maximum guarantee amount of $10 million (the "Owned Contract Guarantee").

  • General Question: Minority/Woman Owned Contracts - It appears that you are concerned with setting aside part of this project to minority contractors which is good.

  • Any reference in this Section to a party owning or transferring Contracts, Owned Contracts, Additional Contracts, HW Contracts, SPV Contracts, Additional SPV Contracts and Unpledged Contracts includes all Related Security with respect thereto.

  • After the Effective Date, Cygnet will service the FMAC contract portfolios relating to the Owned Contracts and the B Pieces.

  • Trustee Owned Contracts While this Contract is owned by the trustee of a plan described in section 401(a) of the Code, the Death Before the Annuity Start Date provision of Section 6 may not apply.

  • For Non-Naturally Owned Contracts: • The Covered Person is the Annuitant as of the Rider Effective Date.

Related to Owned Contracts

  • Acquired Contracts has the meaning given in Section 2.1(a).

  • Retained Contracts shall have the meaning specified in Section 2.1.6.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Seller Contracts means all contracts, agreements and leases, other than those that are Governmental Permits, to which Seller is a party and pertain to the ownership, operation or maintenance of the Assets or the Business, including those described on Schedule 1.8.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Shared Contracts has the meaning specified in Section 4.12(b).

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Material Contracts has the meaning set forth in Section 3.09(a).

  • IP Contracts shall have the meaning set forth in Section 3.14(b).

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Company Contracts has the meaning set forth in Section 3.13(a).

  • Customer Contracts means any Contracts pursuant to which the Company has provided or will provide products or services in connection with the Business.

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

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • Assigned Contract has the meaning set forth in Section 2.2.

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).

  • Excluded Contracts has the meaning set forth in Section 2.02(a).

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • IT Contracts means any agreements, licences or other contractual arrangements with third parties relating to the IT Systems or IT Services, including licences of all software, leases of hardware and other procurement of IT Systems or IT Services;

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);