Retransferred Contract definition

Retransferred Contract means, for any Collection Period, a Contract which has been transferred to the Seller or the Servicer as of the last day of such Collection Period pursuant to Section 3.03 or 4.06.
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Retransferred Contract. Any Contract retransferred to the Transferor or the Master Servicer pursuant to Section 2.02, Section 2.03 or Section 3.01 hereof.
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Retransferred Contract. Defined in Section 6.1.
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Examples of Retransferred Contract in a sentence

  • In any of the foregoing instances whether by repurchase or substituting, pursuant to this Article VI the Originator shall accept a retransfer of each such Contract repurchased or substituted by the Originator pursuant to this Article VI (each a “Retransferred Contract”), and there shall be deducted from the ADCB the Discounted Contract Balance of each such Retransferred Contract and, if applicable, increased by the Discounted Contract Balance of each Substitute Contract.

  • The Buyer shall, at the sole expense of the Originator, execute such documents and instruments of transfer as may be prepared by the Originator and take such other actions as shall reasonably be requested by the Originator to effect the transfer of any such Retransferred Contract pursuant to this Article VI.

  • The Seller will not alter the electronic ledger designation referenced in this paragraph with respect to any Contract during the term of this Agreement unless and until such Contract becomes a Retransferred Contract.

  • Upon any transfer of a Retransferred Contract, the Buyer shall cause the Trustee to release its Lien thereon and shall delivery thereof to the Originator in accordance with the applicable provisions of the Note Purchase Agreement.

  • On and after the date of such retransfer, each Retransferred Contract shall not be included in the pool of Purchased Assets and, as applicable, the Substitute Contracts shall be included in the pool of Purchased Assets.

  • In consideration of any such repurchase the Originator shall, on the date of retransfer of such Retransferred Contract, make a deposit in the Collection Account (for allocation pursuant to Section 2.7 or 2.8 of the Note Purchase Agreement, as applicable) in immediately available funds in an amount equal to the Prepayment Amount for such Retransferred Contract.