Purchased Assets definition
Purchased Assets has the meaning set forth in Section 2.01.
Purchased Assets has the meaning set forth in Section 2.1 of the Purchase Agreement.
Purchased Assets has the meaning set forth in Section 1.1.
Examples of Purchased Assets in a sentence
This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Purchased Assets in favor of the Depositor, which is prior to all other Liens, other than Permitted Liens and any Lien that will be released prior to the assignment hereunder, and is enforceable against all creditors of and purchasers from the Seller.
Immediately before the sale and assignment under this Agreement, the Seller has good and marketable title to the Purchased Assets free and clear of any Lien, other than Permitted Liens and any Lien that will be released prior to the assignment hereunder, and, immediately after the sale and assignment under this Agreement, the Depositor will have good and marketable title to the Purchased Assets, free and clear of any Lien, other than Permitted Liens.
More Definitions of Purchased Assets
Purchased Assets shall have the meaning specified in Subsection 2.01(a).
Purchased Assets shall have the meaning given to such term in Section 2.1.
Purchased Assets means all of Seller’s right, title and interest, whether now owned and existing or hereafter arising in and to all of the Receivables, the Related Security, the Collections and all proceeds of the foregoing.
Purchased Assets is defined in Section 2.1.
Purchased Assets shall have the meaning set forth in Section 2.1 of this Agreement.
Purchased Assets means all of the assets of the Seller used or useful in the operation of the Business, including the following assets, but specifically excluding the Excluded Assets:
Purchased Assets. (a) For any Transaction, each Series Trust Certificate sold by the related Seller to Buyer in such Transaction and not subsequently repurchased by such Seller, and (b) for the Transactions in general, all Series Trust Certificates sold by any Seller to Buyer and not subsequently repurchased by the related Seller and the Underlying Assets, including all of such Seller’s right, title and interest in and to (i) all Records, (ii) mortgage guaranties and insurance (issued by Governmental Authorities or otherwise) and claims, payments and proceeds thereunder, including but not limited to, any payments or proceeds under any related PMI Policy, hazard insurance, FHA Mortgage Insurance Contracts and VA Loan Guaranty Agreements (if any) (iii) insurance policies, certificates of insurance and claims, payments and proceeds thereunder, (iv) the principal balance of any such Mortgage Loans, not just the amount advanced, (v) amounts and property from time to time on deposit in the Waterfall Account and the Waterfall Account itself, (vi) collection, escrow, reserve, collateral or lock-box accounts and all amounts and property from time to time on deposit therein, to the extent of such Seller’s or the holder’s interest therein, (vii) all Income and rights to receive Income and all Escrow Payments and rights to receive Escrow Payments, (viii) security interests of such Seller in Derivatives Contracts entered into by Underlying Obligors, (ix) rights of such Seller under any letter of credit, guarantee, warranty, indemnity or other credit support or enhancement, (x) all rights to receive from any third party or to take delivery of any Records or other documents which constitute a part of the Asset Documents or Servicing File, (xi) Servicing Rights (xii) the Price Differential Maintenance Account and (xiii) all related contracts, collateral and supporting obligations of any kind; provided, that (A) Purchased Assets shall not include any obligations of the related Seller or any Retained Interests, and (B) for purposes of the grant of security interest by the related Seller to Buyer and the other provisions of Article 11, Purchased Assets shall include all of the following: general intangibles, accounts, chattel paper, deposit accounts, securities accounts, instruments, securities, financial assets, uncertificated securities, security entitlements and investment property (as such terms are defined in the UCC) and replacements, substitutions, conversions, distributions or proceed...