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 10. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Page 21 Supplementary Terms Notice Xxxxx Xxxxx & Xxxxxxx -------------------------------------------------------------------------------- Total Available Funds means, for a Collection Period, the aggregate of:
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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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Examples of Title Perfection Event in a sentence

  • If a Title Perfection Event occurs, the Trustee with the assistance of the Servicer must take such steps as are necessary to perfect the Trustee's legal title in the Housing Loans.

  • If a Title Perfection Event occurs, the Trustee must take certain actions to perfect its legal title in the Housing Loans.

  • Any such steps, disclosure or communication are not permitted before a Title Perfection Event occurs.

  • While a Title Perfection Event is continuing, the Issuer, or if a Replacement Servicer has been appointed, such Replacement Servicer on behalf of the Issuer, may take any steps to perfect the Issuer’s title to any Purchased Receivables or disclose an information in respect of the Receivables Acquisition, or give any notice to or communicate with any Obligor.

  • The Trustee is also not liable for any Trust Manager's Default, Servicer Transfer Event or Title Perfection Event.

  • Following the occurrence of a Title Perfection Event and upon request by the Trust Manager, VWFS Australia will notify any Obligor or other relevant persons in writing of such assignment and execute all such documents and do all such acts and things as the Issuer may reasonably require to assist the Issuer to protect or perfect the Issuer’s title to the Purchased Receivables.

  • It will promptly notify the Note Trustee if it has knowledge or notice of or is aware of the occurrence of an Event of Default, Trustee's Default, Servicer Transfer Event, Title Perfection Event or Manager's Default including full details (to the extent known, without making any enquiry) of that Event of Default, Trustee's Default, Servicer Transfer Event, Title Perfection Event or Manager's Default (as the case may be).

  • Perfect title) If so directed by the Trustee following a Title Perfection Event, perfect the Trustee's title to Housing Loans in the Mortgage Pool by notifying the Trustee's interests to Borrowers and mortgagors, registering transfers, delivering documents to the Trustee and taking other action required to perfect title.

  • While a Title Perfection Event subsists, the Issuer (or, if a Replacement Servicer has been appointed, the Replacement Servicer on behalf of the Issuer) shall be entitled to take any steps or make any disclosure specified in the paragraph above.

  • If directed to so do by the Trustee following a Title Perfection Event, it will promptly take action to perfect the Trustee's legal title to the Housing Loans.In performing any services the Servicer shall have regard to whether what it does or does not have any Adverse Effect.


More Definitions of Title Perfection Event

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

  • Excluded Perfection Assets means, collectively:

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Adverse Grantor Trust Event Either: (i) any impairment of the status of the Grantor Trust Pool as a Grantor Trust; or (ii) the imposition of a tax upon the Grantor Trust Pool or any of its assets or transactions.

  • Perfection Representations means the representations, warranties and covenants set forth in Schedule 1 attached hereto.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Immaterial Title Deficiencies means minor defects or deficiencies in title which do not diminish more than 2% of the aggregate value of the Oil and Gas Properties evaluated in the Reserve Report used in the most recent determination of the Borrowing Base.

  • Perfection shall have corresponding meanings;

  • Permitted Priority Liens means Liens permitted under any of the clauses (b), (c), (d), (e), (f) or (i) of Section 9.02.

  • Permitted Encumbrances means:

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Lender Insolvency Event means that (i) a Lender or its Parent Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, or (ii) such Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment.

  • Targeted Unsuccessful Security Incident means an Unsuccessful Security Incident that appears to be an attempt to obtain unauthorized Access, Use, Disclosure, modification or destruction of the Covered Entity’s Electronic PHI.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Permitted Existing Liens means the Liens on assets of the Borrower and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement.

  • Permitted Collateral Liens means any “Permitted Liens” other than Liens specified in clauses (2), (3), (4), (5), (14) or (18) of the definition of “Permitted Liens.”

  • Second Priority Collateral Documents means the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed.

  • Specified Asset as defined in subsection 4.2.2 hereof.

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Perfection Certificates is defined in Section 5.1.

  • Perfection Certificate means a certificate in the form of Exhibit H hereto or any other form reasonably approved by the Collateral Agent, as the same shall be supplemented from time to time.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

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

  • Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance,

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.