UAFCC definition
Examples of UAFCC in a sentence
The Debtor shall not amend or otherwise modify the UAFCC Sale and Purchase Agreement without the prior written consent of the Secured Parties.
The Debtor agrees that neither it nor the Collection Agent shall give any consent or waiver required or permitted to be given under the Sale and Purchase Agreement, the UAFC Sale and Purchase Agreement or the UAFCC Sale and Purchase Agreement with respect to the Receivables or the Contracts without the prior consent of either the Collateral Agent, the Administrative Agent or the Insurer.
Upon each Funding and on each day on which a Receivable and related Contract is sold to the Debtor by the Seller pursuant to the UAFCC Sale and Purchase Agreement or by a Warehouse pursuant to a Warehouse Transfer Agreement, the Collateral Agent shall acquire a valid and perfected first priority security interest in each Receivable and related Contract that exists on the date of such Funding and sale and in the Related Security and Collec tions with respect thereto free and clear of any Adverse Claim.
Except as set forth in Exhibit F, there are no actions, suits or proceedings pending, or to the knowledge of the Debtor threatened, against or affecting the Debtor or any Affiliate of the Debtor or their respective properties, in or before any court, arbitrator or other body, which may have a material adverse effect on the Debtor's ability to perform its obligations hereunder or under the Sale and Purchase Agreement or the UAFCC Sale and Purchase Agreement.
The Collateral Agent agrees that upon any release of a Receivable or Contract to the Debtor, the Collateral Agent shall be deemed to have released its security interest therein and reassigned to the Debtor all of the Collateral Agent's rights under the Sale and Purchase Agreement, the UAFC Sale and Purchase Agreement, any Warehouse Transfer Agreement or the UAFCC Sale and Purchase Agreement with respect to such Receivable or Contract.