Sale and Servicing Agreement definition

Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, between the Seller, the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time.
Sale and Servicing Agreement means the Sale and Servicing Agreement referred to in Section 1.1.
Sale and Servicing Agreement means the Sale and Servicing Agreement dated as of , 20 among the Issuer, the Seller, the Servicer and the Trust Collateral Agent, as the same may be amended or supplemented from time to time.

Examples of Sale and Servicing Agreement in a sentence

  • All capitalized terms not otherwise defined herein shall have the meanings specified in, or incorporated by reference to, the Sale and Servicing Agreement.

  • The Backup Servicer has been duly organized and is validly existing as a national banking association in good standing under the laws of its jurisdiction, with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and had at all relevant times, and now has, power, authority and legal right to enter into and perform its obligations under this Agreement or the Sale and Servicing Agreement.

  • When the Backup Servicer incurs expenses after the occurrence of a Servicer Default specified in Section 8.01 of the Sale and Servicing Agreement or an Indenture Event of Default specified in Section 5.1 of the Indenture, the parties hereto intend that such expenses constitute expenses of administration under the Bankruptcy Code or any other applicable Federal or State bankruptcy, insolvency or similar law.

  • As compensation for the performance of its obligations under this Agreement and with respect to the Sale and Servicing Agreement, the Backup Servicer is entitled to: (i) prior to the Assumption Date, the Backup Servicing Fee and (ii) after the Assumption Date, the sum of: (A) the Servicing Fee, (B) the Servicer Expenses, (C) any Repossession Expenses and (D) any Transition Expenses.

  • In the event of a conflict between any provision of the Sale and Servicing Agreement and this Agreement, this Agreement shall be controlling.


More Definitions of Sale and Servicing Agreement

Sale and Servicing Agreement shall have the meaning set forth in the recitals.
Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of the Closing Date, among American Honda Receivables LLC, as seller, American Honda Finance Corporation, as servicer, and the Issuer.
Sale and Servicing Agreement means the Sale and Servicing Agreement, dated as of September 1, 2002, by and between the Trust, as issuer, the Depositor, and the Bank, as seller and servicer.
Sale and Servicing Agreement means the Sale and Servicing Agreement dated as of January 1, 1999 among the Issuer, the Seller, the Administrator, the Eligible Lender Trustee and the Servicers.
Sale and Servicing Agreement means the Sale and Servicing Agreement dated as of August 15, 2023, by and among Toyota Auto Receivables 2023-C Owner Trust, as issuer, Toyota Auto Finance Receivables LLC, as seller, and Toyota Motor Credit Corporation, as servicer, and as to which the Indenture Trustee is a third party beneficiary.
Sale and Servicing Agreement means the Sale and Servicing Agreement dated as of the date hereof, among the Issuer, the Depositor, the Seller, the Servicer and the Indenture Trustee.
Sale and Servicing Agreement means the sale and servicing agreement, dated as of June 1, 2007, among the Issuer, the Depositor, the Seller and the Master Servicer.