Title Perfection Event definition

Title Perfection Event means, in relation to a Trust, each of the events referred to in clause 8.9 for that Trust and the events (if any) specified as Title Perfection Events in the relevant Series Notice.
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Title Perfection Event means, in relation to the Trust, the events set out in clause 13. -------------------------------------------------------------------------------- Total Available Funds means, for a Collection Period, the aggregate of:
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Title Perfection Event means either of (a) perfection of the Company's title to the Additional Mortgaged Property on or before January 31, 2016 by registration of the duly stamped and executed Additional Mortgage Deed and deposit of the Additional Mortgaged Property Documents with the Escrow Agent, or (b) an unconditional bank guarantee from a nationalised or a private bank for an amount of Rs. 25,00,00,000 (Rupees Twenty Five Crores) (issued by MDPL and or its Affiliates in favour of the Company and valid till October 05, 2016) being deposited with the Escrow Agent on or before January 31, 2016; and
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Examples of Title Perfection Event in a sentence

  • Except as otherwise provided in the relevant Servicing Agreement, the Trustee shall not take any such action until the occurrence of a Title Perfection Event and until directed to do so by the Manager.

  • Except as otherwise provided in the relevant Servicing Agreement, the Trustee shall not take any such action until the occurrence of a Title Perfection Event.

  • Each Noteholder acknowledges that the Note Trustee has no duty, and is under no obligation, to investigate whether a Manager's Default, Servicer Transfer Event or Title Perfection Event has occurred in relation to the Trust other than where it has actual notice.

  • The Servicer must hold the Mortgage Title Documents as custodian on behalf of the Issuer Trustee until a Title Perfection Event or Servicer Termination Event occurs.

  • If a Title Perfection Event or Custodian Transfer Event occurs, then the provisions of clauses 7.10 and 7.12 of this deed will apply and, if applicable, the Trustee may terminate the appointment of the Custodian as custodian under this clause 7.

  • Subject to the terms of the relevant Supplemental Deed, any relevant Master Servicer Deed and any relevant Receivables Acquisition and Servicing Agreement, the Servicer will continue to act in its capacity as Servicer of a Trust after a Title Perfection Event has occurred in respect of that Trust.

  • The Trustee must only use the Power of Attorney granted to it in respect of a Trust in the manner contemplated by clause 13.2 if it has declared that a Title Perfection Event has occurred in accordance with clause 13.

  • The Buyer (acting on the instructions of the Manager), with immediate effect, may end the appointment of the Servicer and appoint a Successor Servicer on reasonable terms and conditions if a Title Perfection Event occurs.


More Definitions of Title Perfection Event

Title Perfection Event means, in relation to the Trust, the events set out in clause 10.
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Title Perfection Event means in respect of a Trust:
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