Securitization Interests definition

Securitization Interests means all of BXG’s right, title and interest in, to and under the following: (a) all Pledged Residual Interests; (b) any certificates now or hereafter representing the Pledged Residual Interests; (c) all payments, distributions, rights, replacements, substitutions and other property from time to time received, receivable or otherwise distributed, in respect of, in exchange for or upon the conversion, reclassification or other like change of the Pledged Residual Interests; (d) all rights, privileges, powers, authority, claims and interests of BXG relating to or with respect to the Pledged Residual Interests and the property referred to in clauses (b) and (c) above, including, without limitation, under the respective trust agreement; (e) all general intangibles and investment property constituting, representing or otherwise evidencing any of the foregoing; (f) all accounts arising from the Pledged Residual Interests; (g) all rights and interests of BXG, in its capacity as “Residual Interest Owner” and/or holder of the “Residual Interest Certificate,” under the Residual Agreements; and (h) all proceeds of any of the foregoing.
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Securitization Interests means (i) all of Spiegel Acceptance Corporation's right, title and interest, whether beneficial or legal and whether held directly, indirectly or through some other person or entity (including, without limitation, the interest of Spiegel Acceptance Corporation in the MBIA Settlement Trust), in, to and under (a) the Spiegel Credit Card Master Note Trust, a trust organized under the laws of the State of Illinois, (b) the "Seller Interest" issued thereunder and (c) all transactions entered into in connection with those certain receivables financings entered into by the Spiegel Credit Card Master Note Trust, Spiegel Acceptance Corporation and certain of its affiliates and (ii) all of Financial Services Acceptance Corporation's right, title and interest, whether beneficial or legal and whether held directly, indirectly or through some other person or entity, in, to and under (x) the First Consumers Master Trust, a trust organized under the laws of the State of Illinois, (y) the First Consumers Credit Card Master Note Trust, a trust organized under the laws of the State of Illinois, and the "Seller Interest" issued thereunder (to the extent such Seller Interest is held by Financial Services Acceptance Corporation) and (z) all transactions entered into in connection with the certain receivables financings entered into by the First Consumers Master Trust, First Consumers Credit Card Master Note Trust, Financial Services Acceptance Corporation and certain of its affiliates.
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Securitization Interests means the "Class E-1 Securities" issued by ACS Aircraft Finance Ireland plc pursuant to the Offering Memorandum.
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Examples of Securitization Interests in a sentence

  • The Borrowers have requested that the Lenders (a) waive this requirement with respect to the Junior Securitization Interests described on Schedule 3 to the Residual Security Agreement (but not with respect to any future Junior Securitization Interests that may be financed by PWRESI), and (b) extend the deadline for the delivery of such intercreditor and agency agreement by GCFPI until June 30, 2000.

  • Fail to exercise promptly and diligently each and every right which BXG may have under any Securitization Document where the failure to so act could reasonably be expected to adversely affect the value of the Securitization Interests.

  • The sale of the Securitization Interests shall, at Parent's election (to be made at least 5 business days prior to Closing), be in the form of a transfer of all of the capital stock of FRIC and/or an assignment and transfer of the Securitization Interests.

  • The list of Retained Securitization Interests set forth in Schedule V (Retained Securitization Interests) attached hereto is a true, accurate and complete list of all Retained Securitization Interests held by Borrower and its Subsidiaries.

  • On or before April 30, 2000, the Grantors shall cause SBI to enter into intercreditor and agency agreements, on terms reasonably acceptable to the Agent, concerning the Agent's security interest in the Junior Securitization Interests described in Schedules 2.

  • Consent to any amendment, modification, termination or waiver of any provision of any Securitization Document in any manner which would adversely affect the Securitization Interests or BXG’s or Bank’s ability to collect or receive the Pledged Residual Interests.

  • On or before May 31, 2000, the Grantors shall cause GCFPI and PWRESI to enter into intercreditor and agency agreements, on terms reasonably acceptable to the Agent, concerning the Agent's security interest in the Junior Securitization Interests described in Schedules 1 and 3.

  • Borrowers have granted or will grant to Bank a security interest in the Collateral described in the Loan Documents and such other security instruments as are executed from time to time, including, but not limited to, Mortgages with respect to each of the Properties, and pledges of the Securitization Interests, all of which Collateral shall secure all of the Obligations.

  • Borrowers acknowledge that Appendix 2 attached hereto contains certain terms and conditions that are applicable to the Securitization Interests and the pledge thereof to Bank, all of which terms and conditions are incorporated into this Agreement by reference and shall be a part hereof.

  • Each Retained Securitization Interests identified as Clearing Corporation Securities in Schedule V (Retained Securitization Interests) will be credited by the relevant Clearing Corporation to the securities account of Lender at such Clearing Corporation on or prior to the Closing Date.


More Definitions of Securitization Interests

Securitization Interests means the Merging Entities' interests, through -------------------------- Affiliates (other than APF and CNL Funding 98-1 L.P.) or otherwise, in the Franchise Loan Securitization Trusts and all right, title and interest of the Merging Entities, in any capacity, in and to any amount held in or payable by the Franchise Loan Securitization Trusts (including any reserve account, collection account, or other similar account; any servicing fee; and investment and interest earnings on any such account), and all rights of the Merging Entities, in any capacity, under the agreements listed in Schedule A hereto.
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Related to Securitization Interests

  • Securitization Assets means the accounts receivable, royalty or other revenue streams and other rights to payment subject to a Qualified Securitization Financing and the proceeds thereof.

  • Securitization Property means the property described in section 10j.

  • Securitization Asset means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue streams and other rights to payment or related assets and the proceeds thereof and (b) all collateral securing such receivable or asset, all contracts and contract rights, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and records with respect to such account or asset and any other assets customarily transferred (or in respect of which security interests are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction.

  • Securitization means one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

  • Permitted Securitization means, for any Borrower and its Subsidiaries, any sale, assignment, conveyance, grant and/or contribution, or series of related sales, assignments, conveyances, grants and/or contributions, by such Borrower or any of its Subsidiaries of Receivables (or purported sale, assignment, conveyance, grant and/or contribution) to a trust, corporation or other entity, where the purchase of such Receivables may be funded or exchanged in whole or in part by the incurrence or issuance by the applicable Securitization SPV, if any, of Indebtedness or securities (such Indebtedness and securities being “Attributable Securitization Obligations”) that are to be secured by or otherwise satisfied by payments from, or that represent interests in, the cash flow derived primarily from such Receivables (provided, however, that “Indebtedness” as used in this definition shall not include Indebtedness incurred by a Securitization SPV owed to any Borrower or any of its Subsidiaries, which Indebtedness represents all or a portion of the purchase price or other consideration paid by such Securitization SPV for such receivables or interests therein), where (i) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of such Borrower or any of its Subsidiaries, as applicable, in respect of Receivables sold, assigned, conveyed, granted or contributed, or payments made in respect thereof, are customary for transactions of this type, and do not prevent the characterization of the transaction as a true sale under Applicable Laws (including debtor relief laws) and (ii) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of any Securitization SPV in respect of Receivables sold, assigned, conveyed, granted or contributed or payments made in respect thereof, are customary for transactions of this type.