QINC definition

QINC has the meaning set forth in the preamble to this Agreement.
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Examples of QINC in a sentence

  • In connection with any such processing functions, the Borrower shall pay to QINC its reasonable out-of-pocket costs and expenses from the Borrower’s own funds (subject to the priority of payments set forth in Section 4.01).

  • Accordingly, QINC agrees that it will not voluntarily resign as Servicer without the prior written consent of the Administrative Agent and the Majority Lenders.

  • The Servicer, if other than QINC or an Affiliate thereof, shall, as soon as practicable upon demand, deliver to the Borrower all records in its possession that evidence or relate to any indebtedness or other obligation that is not a Pool Receivable, and copies of records in its possession that evidence or relate to any indebtedness or other obligation that is a Pool Receivable.

  • Upon the occurrence of an Event of Default, the Administrative Agent may (with the consent of the Majority Lenders) and shall (at the direction of the Majority Lenders) designate as Servicer any Person (including itself) to succeed QINC or any successor Servicer, on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms hereof.

  • Each Receivable contributed by QINC to the capital of the Buyer pursuant to this Section 3.1(a) and Section 3.2 below is herein referred to as a “Contributed Receivable”.

  • Until the Administrative Agent gives notice to QINC (in accordance with this Section 9.01) of the designation of a new Servicer, QINC is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof.

  • The Buyer is a special purpose limited liability company, all of the issued and outstanding membership interests of which are owned by QINC.