Examples of Subsequent Transferred Property in a sentence
The Purchase Price paid for any Subsequent Mortgage Loans and related Subsequent Transferred Property to be paid by the Purchaser to the Seller on any Subsequent Transfer Date shall be one-hundred percent (100%) of the related Cut-Off Date Principal Balances thereof (as identified on the Mortgage Loan Schedule attached to the related Subsequent Transfer Agreement provided by the Seller).
The Initial Receivables and other Transferred Property are being transferred, and the Subsequent Receivables and other Subsequent Transferred Property will be transferred, with the intention of removing them from the Transferor's estate pursuant to Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code, as the same may be amended from time to time.
The transfer to the Issuer by the Depositor of the Subsequent Mortgage Loans identified on the Mortgage Loan Schedule shall be absolute and is intended by the parties hereto to constitute a sale by the Depositor to the Issuer on the Subsequent Transfer Date of all the Depositor's right, title and interest in and to the Subsequent Mortgage Loans, and other related Subsequent Transferred Property as and to the extent described above, and the Issuer hereby acknowledges such transfer.
In the event the transactions set forth herein are deemed not to be a sale, the Depositor hereby grants to the Issuer a security interest in all of the Depositor's right, title and interest, whether now owned or hereafter acquired, in, to and under the Subsequent Transferred Property to secure all of the Depositor's obligations hereunder, and this Agreement shall and hereby does constitute a security agreement under applicable law.
In the event the transactions set forth herein are deemed not to be a sale, the Seller hereby grants to the Purchaser a security interest in the Subsequent Transferred Property to secure all of the Seller's obligations hereunder, and this Agreement shall and hereby does constitute a security agreement under applicable law.
In the event that a mobility aid is damaged or mishandled, First Air will provide a rental or temporary wheelchair while that of the passenger is being repaired/returned.
Immediately upon the vesting of the Transferred Property in the Trust, the Trust, pursuant to the Grantor Trust Agreement, will (i) on the Closing Date, simultaneously contribute the Initial Transferred Property to the Grantor Trust in exchange for the Grantor Trust Certificate, and (ii) on each Subsequent Transfer Date, upon its acquisition of Subsequent Transferred Property, simultaneously therewith contribute such Subsequent Transferred Property to the Grantor Trust.
The Originator has received adequate consideration for the transfer of the Initial Receivables and the other Initial Transferred Property and will upon the transfer thereof receive adequate consideration for the Subsequent Receivables and any Subsequent Transferred Property.
In consideration for the Subsequent Receivables and other Subsequent Transferred Property described in Section 2.3(a), the Transferor shall pay the related amount (the "Subsequent Receivables Purchase Price") to the Originator.
The implemented scheme achieved code Level 3 and is a material consideration.