Examples of SUBI in a sentence
Pursuant to Section 4.3 of the Electronic Collateral Control Agreement, the Borrower acknowledges that the Securitization and the transfer of eContracts (as defined in the Electronic Collateral Control Agreement) to the Securitization is permitted under the Credit Agreement, the 2021-1C SUBI Security Agreement and the Basic Documents.
The 2021-1C SUBI Trustee shall be a third party beneficiary of this Agreement for purposes of amounts owed to it by the Borrower from time to time in accordance with Section 2.07 and subject to the other terms of this Agreement.
It is the intention of the Borrower that each of the sales, transfers, assignments and conveyances herein contemplated constitute an absolute sale, transfer, assignment and conveyance of the Receivables and the 2021-1C SUBI Certificate and that neither the Receivables nor the 2021-1C SUBI Certificate shall be a part of Regional Management’s estate in the event of the filing of a bankruptcy petition by or against Regional Management under any bankruptcy law.
Immediately prior to the transfer of the 2023-1 SUBI Certificate pursuant to this Agreement, the Transferor (A) is the true and lawful owner of the 2023-1 SUBI Certificate and it has the legal right to transfer the 2023-1 SUBI Certificate; (B) has good and valid title to the 2023-1 SUBI Certificate and the 2023-1 SUBI Certificate is on the date hereof free and clear of all Liens; and (C) will convey good, valid and indefeasible title to the 2023-1 SUBI Certificate to the Transferee under this Agreement.
The Transferee agrees to comply with all covenants and restrictions applicable to a Holder of the 2023-1 SUBI Certificate and the interest in the 2023-1 SUBI represented thereby, whether set forth in the 2023-1 SUBI Certificate, in the SUBI Trust Agreement or otherwise, and assumes all obligations and liabilities, if any, associated therewith.