Subsequent Conveyed Assets definition

Subsequent Conveyed Assets has the meaning set forth in Section 2.2 of the Contribution Agreement.
Sample 1Sample 2Sample 3
Subsequent Conveyed Assets has the meaning specified in Section 2.2.
Sample 1Sample 2Sample 3
Subsequent Conveyed Assets means, with respect to any Subsequent Transfer Agreement (a) all of the Sellers' right, title and interest in and to the Subsequent Equipment relating to Subsequent Contracts (except for any licensed products that may accompany the Subsequent Equipment) and any new unit or units of Equipment substituted for any existing unit or units of Subsequent Equipment, including all income and proceeds upon any sale or other disposition of the Subsequent Equipment, (b) all of the Sellers' right, title and interest in and to, but not its obligations under, the Subsequent Contracts, and all amendments, additions and supplements including schedules, summary schedules and subschedules made or hereafter made with respect thereto, (c) all monies due or to become due in payment of the Subsequent Contracts on or after the related Subsequent Cut-Off Date, including without limitation, all Scheduled Payments thereunder (whether or not due), any Prepayments, any payments in respect of a casualty or early termination and any Liquidation Proceeds received with respect thereto, but excluding any Excluded Amounts, (d) the Contract Files, (e) all Insurance Proceeds relating to the foregoing and the Sellers' rights and interests in the Insurance Policies relating to the foregoing, (f) the Source Agreement and Source Agreement Rights to the extent they relate to any Subsequent Contract and any Subsequent Equipment covered by the Subsequent Contracts and (g) all proceeds and income of the foregoing or relating thereto.
Sample 1Sample 2

Examples of Subsequent Conveyed Assets in a sentence

  • In consideration of the contribution of the Subsequent Conveyed Assets contributed to the Depositor on each Funding Date, the Depositor shall pay to the Originator on such date an amount equal to the estimated fair market value of the related Subsequent Conveyed Assets on such Funding Date (the “Purchase Price”).

  • Notwithstanding the preceding sentence, if the Purchase Price to be paid by the Depositor for such Subsequent Conveyed Assets exceeds the amount of any cash payments paid by the Issuer to the Depositor on such Funding Date for such Subsequent Conveyed Assets, then an undivided interest in such Subsequent Conveyed Assets in an amount equal to such excess shall be deemed to have been contributed to the Depositor by Santander Consumer.

  • The Receivables Sale Agreement provides that each such sale, conveyance and contribution of Subsequent Conveyed Assets be evidenced by the execution and delivery of a Subsequent Receivables Sale Agreement such as this Subsequent Receivables Sale Agreement (this "Agreement").

  • The transfer by the Sellers to the Trust of the Subsequent Conveyed Assets identified on each List of Subsequent Contracts shall be absolute and is intended by the Sellers and the Trust to constitute and to be treated as a sale of the Subsequent Conveyed Assets by each Seller to the Trust.

  • Pursuant to the Receivables Sale Agreement, the Originator agreed to sell, convey and contribute, and the Transferors agreed to accept, from time to time, Subsequent Conveyed Assets.

  • Such reports should note non-compliance with the plan and recommendations for future steps.

  • It is the intention of the parties hereto that the transfer of the Subsequent Conveyed Assets to be made pursuant to the terms hereof shall constitute a sale or capital contribution of (x) the Contracts by the Originator to Transferor I, and (y) the ownership interest or security interest of the Originator in each item of Equipment and any Residual Receipts by the Originator to Transferor II, and, in either case, not a loan.

  • We support full transparency for numbering and we agree to ComReg’s proposal to replace the practice of requesting CLI concessions with a published and transparent set of rules.

  • Conveyance of Subsequent Conveyed Assets..................................

  • Notwithstanding the preceding sentence, if the Purchase Price to be paid by the Depositor for such Subsequent Conveyed Assets exceeds the amount of any cash payments paid by the Issuer to the Depositor on such Funding Date for such Subsequent Conveyed Assets, then an undivided interest in such Subsequent Conveyed Assets in an amount equal to such excess shall be deemed to have been contributed to the Depositor by Drive Consumer.


More Definitions of Subsequent Conveyed Assets

Subsequent Conveyed Assets means, with respect to any Subsequent Transfer Agreement, (a) all of the related Transferor's right, title and interest in and to the Equipment relating to Subsequent Contracts (except for any licensed products that may accompany such Equipment) and any new unit or units of Equipment substituted for any existing unit or units of such Equipment, (b) all of the related Transferor's, right, title and interest in and to, but not its obligations under, the Subsequent Contracts, and all amendments, additions and supplements including schedules, summary schedules and subschedules made or hereafter made with respect thereto, (c) all monies due in payment of the Subsequent Contracts on or after the related Subsequent Cut-Off Date, including without limitation, all Scheduled Payments thereunder (whether or not due), any Prepayments, any payments in respect of a casualty or early termination and any Liquidation Proceeds received with respect thereto, but excluding any Excluded Amounts, (d) any guarantees of an Obligor's obligations under each such Contract, (e) the related Contract Files, (f) all Insurance Proceeds relating to the foregoing and the related Transferor's rights and interests in the Insurance Policies relating to the foregoing and (g) all proceeds and income of the foregoing or relating thereto.
Sample 1
Subsequent Conveyed Assets. As defined in Section 2.01 of the Purchase Agreement.
Sample 1
Subsequent Conveyed Assets means, the Conveyed Assets that relate to, and include, the Subsequent Contracts.
Sample 1

Related to Subsequent Conveyed Assets

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Other Conveyed Property means all property conveyed by the Seller to the Trust pursuant to Section 2.1(b) through (i).

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Initial Receivables means any Receivable conveyed to the Trust on the Closing Date.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

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

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Acquired Assets has the meaning set forth in Section 2.1.

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

  • Conveyed Property means the Initial Conveyed Property and the Subsequent Conveyed Property.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Sold Assets has the meaning set forth in Section 2.01(b).

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Receivables Purchase Price means $1,403,509,094.50.

  • Conveyance Date means the date of a Conveyance, as specified in the applicable Purchase Notice or Notice of Substitution.

  • Repurchase Assets has the meaning assigned thereto in Section 8 hereof.

  • Second Closing Date means the date of the Second Closing.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Purchased Interests has the meaning set forth in the Recitals.

  • Specified Assets the following property and assets of such Grantor:

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Initial Assets The Assets identified on Schedule I hereto.