Transferor definition
Examples of Transferor in a sentence
Transferor, in connection with the Acquisition, has required Permitted Transferee to execute and deliver this Joinder pursuant to Section 7.6(a) of the Tax Receivable Agreement, dated as of February 10, 2026, among PubCo, OpCo, the TRA Holder Representative, and the TRA Parties (as defined therein) (the “Tax Receivable Agreement”).
The aggregate Outstanding Balance of all Fund Collateral Loans (other than Warranty Loans) which are transferred by the Borrower to the Transferor or anany Controlled Affiliate thereof in connection with a Substitution, a Discretionary Sale or the transfer to the Transferor pursuant to a Restricted Payment shall not exceed in the aggregate twenty percent (20.00%) of the Net Purchased Loan Balance, measured as of the date of such Substitution, Discretionary Sale or dividend.
The Borrower shall not have any direct owners other than the Transferor.
Notwithstanding anything herein to the contrary, the Borrower, the Transferor and the Collateral Manager shall not, unless an Event of Default has occurred and is continuing, be required to pay a combined total amount of more than $150,000 in any twelve-month period in connection with audits or appraisals conducted pursuant to this Section 5.1(d)(i) or (ii).
The Sale Agreement is the only agreement pursuant to which the Borrower purchases Collateral from the Transferor or any of its Affiliates.