Tangible Contract definition

Tangible Contract. A Contract that constitutes “tangible chattel paper” under and as defined in Section 9-102(a)(79) of the UCC.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Tangible Contract means any Contract that is evidenced by tangible chattel paper.

Tangible Contract means a Contract that constitutes 'tangible chattel paper' (under and as defined in the UCC as then in effect in the relevant State) evidencing any Receivable." "'Target Rate' means (i) with respect to any Prime Receivable, 0.00%, (ii) with respect to any Near Prime Receivable, 3.00%, and (iii) with respect to any Subprime Receivable, 7.50%." "'U.S. Government Securities Business Day' means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities."

Examples of Tangible Contract in a sentence

With respect to each Tangible Contract, the Custodian has and will maintain possession of such Tangible Contract in accordance with the terms of this Agreement.

More Definitions of Tangible Contract

Tangible Contract means a Contract that constitutes “evidenced by a record or records consisting of information that is inscribed on a tangible chattel paper” under and as defined in Section 9-102(78) of the UCCmedium.

Tangible Contract means a Contract that constitutes 'tangible chattel paper' (under and as defined in the UCC as then in effect in the relevant State) evidencing any Receivable. "Tangible Net Worth" means at any time with respect to DFC, the difference of DFC's (i) assets minus (ii) liabilities minus (iii) without duplication, intangible assets, including goodwill, franchises, licenses, deferred tax assets, patents, trademarks, trade names, copyrights and service marks, in all cases calculated on a consolidated basis and in accordance with GAAP. "Target Rate" means (i) with respect to any Prime Receivable, 2.25% or (ii) with respect to any Non-Prime Receivable, 4.00%. "Tax" or "Taxes" means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax, additional amounts or penalties applicable thereto. "Termination Date" means the earliest to occur of (i) the occurrence of the latest Commitment Termination Date, (ii) the Business Day designated by the Borrower to the Lenders as the Termination Date at any time following 30 days' prior written notice, (iii) the date on which a Servicer Termination Event occurs, (iv) the date on which the Termination Date either automatically occurs or is declared, as applicable, following the occurrence of a Termination Event and pursuant to Section 8.01(b) or (v) the date on which an Early Amortization Event occurs. "Termination Event" has the meaning given to such term in Section 8.01(a). "Transition Expenses" has the meaning given to such term in Section 7.14(f). "U.S. Person" means any Person that is a "United States person" as defined in Section 7701(a)(30) of the Code. "U.S. Tax Compliance Certificate" has the meaning specified in Section 2.11(g)(ii)(B)(3). "UCC" means the Uniform Commercial Code as from time to time in effect in the applicable jurisdiction. "Unadjusted Benchmark Replacement" means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. "United States" or "U.S." means the United States of America. "Unmatured Servicer Termination Event" means any event that, with the giving of notice or the lapse of time, or both, would become a Servicer Termination Event. "Unmatured Termination Event" means any event that, with the giving of notice or the lapse of time, or both, would become a Termination Event. 47

Tangible Contract means a Contract that constitutes "tangible chattel paper" (under and as defined in the UCC as then in effect in the relevant State) evidencing any Receivable. "Tangible Net Worth" means at any time with respect to DFC, the difference of DFC's (i) assets minus (ii) liabilities minus (iii) without duplication, intangible assets, including goodwill, franchises, licenses, deferred tax assets, patents, trademarks, trade names, copyrights and service marks, in all cases calculated on a consolidated basis and in accordance with GAAP. "Target Rate" means (i) with respect to any Prime Receivable, 2.25%, (ii) with respect to any Near Prime Receivable, 3.75%, and (iii) with respect to any Subprime Receivable, 6.25%. "Tax" or "Taxes" means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax, additional amounts or penalties applicable thereto. "Termination Date" means the earliest to occur of (i) the occurrence of the Commitment Termination Date with respect to all Lenders, (ii) the Business Day designated by the Borrower

Tangible Contract means a Contract that constitutes 'tangible chattel paper' (under and as defined in the UCC as then in effect in the relevant State) evidencing any Receivable. "Tangible Net Worth" means at any time with respect to DFC, the difference of DFC's (i) assets minus (ii) liabilities minus (iii) without duplication, intangible assets, including goodwill, franchises, licenses, deferred tax assets, patents, trademarks, trade names, copyrights and service marks, in all cases calculated on a consolidated basis and in accordance with GAAP. "Target Rate" means (i) with respect to any Prime Receivable, 2.251.00% or, (ii) with respect to any Non-Prime Receivable, 4.00 that is not also a Subprime Receivable, 1.50% or (iii) with respect to any Subprime Receivable, 6.50%. "Tax" or "Taxes" means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax, additional amounts or penalties applicable thereto. "Termination Date" means the earliest to occur of (i) the occurrence of the latest Commitment Termination Date, (ii) the Business Day designated by the Borrower to the Lenders as the Termination Date at any time following 30 days' prior written notice, (iii) the date on which a Servicer Termination Event occurs, (iv) the date on which the Termination Date either automatically occurs or is declared, as applicable, following the occurrence of a Termination Event and pursuant to Section 8.01(b) or (v) the date on which an Early Amortization Event occurs. "Termination Event" has the meaning given to such term in Section 8.01(a). "Transition Expenses" has the meaning given to such term in Section 7.14(f). "U.S. Government Securities Business Day" means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities. 47