UDRC definition

UDRC means Ugly Duckling Receivables Corp., a Delaware corporation.
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Examples of UDRC in a sentence

  • Pursuant to the Standing Dividend Resolutions, Pledgor has delivered the UDRC Dividend Direction Letter and the UDRC II Dividend Direction Letter to the Trustee.

  • Permit UDRC or UDRC II to incur, assume, or permit to exist, directly or indirectly any Indebtedness.

  • Pledgor shall promptly deliver to Lender, or cause UDRC or UDRC II or any other entity issuing the Collateral to deliver directly to Lender, share certificates or other instruments representing any Collateral issued to, acquired or received by Pledgor after the date of this Pledge Agreement with a stock or bond power duly executed by Pledgor.

  • Create, incur, assume, or permit to exist, directly or indirectly, any lien on or with respect to any of the assets of UDRC and UDRC II, including the UDRC Class B Certificates, the UDRC II Class B Certificates, or any income or profits from any of the foregoing, except for Permitted Liens listed on Schedule E or liens of Lender.

  • Borrower shall timely pay and shall cause its Subsidiaries to timely pay all Indebtedness which, if not paid, could result in the imposition of a Lien on any of the assets of UDRC or UDRC II.

  • Pledgor has not and will not permit UDRC or UDRC II to, rescind, amend, alter, revoke or modify the Standing Dividend Resolutions, the UDRC Dividend Direction Letter or the UDRC II Dividend Direction Letter, as the case may be, in any respect without the prior written consent of Lender.

  • Borrower, UDRC and UDRC II and each of their Affiliates are in full compliance with their respective obligations under the UDRC Securitization Documents and the UDRC II Securitization Documents, and no Securitization Default exists.

  • All financial statements relating to Borrower, UDRC and UDRC II that have been delivered by Borrower to Lender have been prepared in accordance with GAAP (except, in the case of unaudited financial statements, for the lack of footnotes and being subject to year-end audit adjustments) and fairly present the financial condition as of the date thereof and the results of operations for the period then ended for Borrower and its consolidated Subsidiaries, except as disclosed on Schedule D.

  • Pledgor is the sole holder of fifty (50) shares of common stock, $.01 par value per share in UDRC and fifty (50) shares of common stock, $.01 par value per share, in UDRC II (collectively, the "Pledged Shares").

  • Except as expressly consented to by Lender in writing, directly or indirectly, amend, modify, alter, increase, or change any of the terms or conditions of the UDRC Securitization Documents or the UDRC II Securitization Documents.

Related to UDRC

  • UDR means a distribution made by the Partnership with respect to a Restricted Unit.

  • CIM means the Canadian Institute of Mining, Metallurgy and Petroleum.

  • Brookfield Group means Brookfield and any Affiliates of Brookfield, other than any member of the BREP Group;

  • CFPC means the College of Family Physicians of Canada.

  • Historically Black Colleges or University , as used in this clause means an institution determined by the Secretary of Education to meet the requirements of 34 CFR Section 608.2. The term also includes any nonprofit research institution that was an integral part of such a college or university before November 14, 1986.