Subsequent Closing Date definition

Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

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Subsequent Closing Date shall have the meaning ascribed to such term in Section 2.4 hereof.

Subsequent Closing Date as defined in Section 2.2(b) hereof.

Examples of Subsequent Closing Date in a sentence

• The FAC Seller shall within two (2) Business Days after the [Initial] Closing Date [and each Subsequent Closing Date], transfer all Collections received by it on or after the [applicable] Cutoff Date with respect to any FAC Receivable or related First Step FAC Transferred Property to, or at the direction of, the Purchaser (or the Issuing Entity [or the Grantor Trust]).

• The Depositor shall within two (2) Business Days after the [Initial] Closing Date[and each Subsequent Closing Date], transfer all Collections received by it on or after the [applicable] Cutoff Date with respect to any Receivable or related Second Step Transferred Property to, or at the direction of, the Issuing Entity [(or the Grantor Trust)].

• As of the [Initial] Closing Date [and each Subsequent Closing Date], each Receivable and the related Financed Vehicle is free and clear of any Lien of any Person (other than L▇▇▇▇ created hereunder and Permitted Liens or those Liens that will be released simultaneously with the conveyance hereunder) and is in compliance with all Applicable Laws.

• As of the [Initial] Closing Date [and each Subsequent Closing Date] or such other date specified in Exhibit B of the Receivables Purchase Agreement, the representations and warranties in Exhibit B of the Receivables Purchase Agreement are true and correct with respect to each FAC Receivable assigned by the FAC Seller to the Purchaser hereunder and under the First Step FAC Receivables Assignment.

• No effective financing statement or other instrument similar in effect covering any portion of the Second Step Transferred Property shall, on or after the [Initial] Closing Date [and each Subsequent Closing Date], be on file in any recording office except such as may be filed in favor of (1) the Issuing Entity in accordance with this Agreement, [(2) the Grantor Trust in connection with the Receivables Contribution Agreement] or (3) the Indenture Trustee in connection with the Indenture.

More Definitions of Subsequent Closing Date

Subsequent Closing Date has the meaning set forth in Section 3.2.

Subsequent Closing Date has the meaning set forth in Section 2.6(a).

Subsequent Closing Date. With respect to each Additional Receivable, the Distribution Date related to the Revolving Period on which such Additional Receivable is sold, transferred, assigned or otherwise conveyed (i) from the Seller to the Depositor and (ii) from the Depositor to the Issuing Entity.

Subsequent Closing Date shall have the meaning set forth in Section 1.2 hereof.

Subsequent Closing Date means the Trading Day on which all of the Transaction Documents required pursuant to Section 2.1(b) have been executed and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchasers’ obligations to pay their respective Subscription Amounts for a Subsequent Closing, and (ii) the Company’s obligations to deliver the Shares and Warrants for such Subsequent Closing, in each case, have been satisfied or waived, but in no event later than the third Trading Day following the full execution by all parties thereto of this Agreement for such Subsequent Closing.

Subsequent Closing Date means any date designated by the Depositor on which the Trust acquires Additional Home Equity Loans pursuant to Section 2.01(b) of the Sale and Servicing Agreement.

Subsequent Closing Date shall have the meaning set forth in Section 2.4(e) of the Note Purchase Agreement.