Securitization definition
Examples of Securitization in a sentence
The transactions contemplated by the Transaction Documents constitute a “Qualified Securitization Transaction” (as defined in the Credit Agreement).
Third Payment Date, the third Payment Date after the First Amendment Effective Date, the third Payment Date after each Permitted Material Securitization Date and each Payment Date respectively thereafter occurring on or prior to the beginning of the Amortization Period 70% No Minimum Spread Payment Date will occur during the Amortization Period.
Except for the conveyances hereunder or any Lien under the Basic Documents pursuant to the Securitization Act in favor of the Indenture Trustee, for the benefit of the Holders, the Seller shall not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on, any of the Securitized Utility Tariff Property, whether now existing or hereafter created, or any interest therein.
For the avoidance of doubt, the foregoing limitations shall not apply (i) to Warranty Loans or (ii) where Collateral Loans are sold by the Borrower in connection with a Permitted Securitization.
No event of default has occurred under any Securitization Transaction which remains uncured or unwaived and no circumstance, event or condition has occurred or exists which, with the giving of notice and/or the expiration of the applicable period would constitute an event of default under the documents relating to the Securitization Transactions.