UPAC definition
Examples of UPAC in a sentence
Upon the effectiveness of this Amendment, each of the Seller, UPAC, the Servicer and the Parent, hereby remakes and reaffirms all covenants, representations and warranties made by it (or deemed made by it) in the Agreement, the Backup Servicing Agreement, the Custody Agreement and the Parent Support Agreement (except, in each case, to the extent that such covenants, representations or warranties expressly speak as to another date).
The Agent agrees not to give UPAC a Successor Notice until after the occurrence of any Liquidation Event (any such Liquidation Event being herein called a "Servicer Transfer Event"), in which case such Successor Notice may be given at any time in the Agent's discretion.
No license or approval is required for the Agent's use of any program used by UPAC in the servicing of the Receivables, other than those which have been obtained and are in full force and effect.
UPAC has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Missouri, with power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant times, and now has, all necessary power, authority, and legal right to acquire, own, dispose of, and service the Pool Receivables.
UPAC is properly licensed as a premium finance loan company in each jurisdiction in which licensing is required and in which it is originating, enforcing and/or servicing Receivables pursuant to the terms of the Transaction Documents.
No action, suit or proceeding shall have been commenced, and no investigation by any governmental or regulatory authority shall have been commenced, seeking to restrain, prevent or change the transactions contemplated hereby or seeking judgments against Bank, Oxford or UPAC in respect to the transactions contemplated hereby.
Upon signing of this Agreement, the BLM Price Field Office will develop a site stewardship program and cooperate with groups (e.g., Utah Division of State History, College of Eastern Utah Prehistoric Museum, USAS, NMCC, UPAC, and URARA) to preserve and protect historic properties in the West Tavaputs region.
The Agent agrees not to give UPAC a Successor Notice until after the occurrence of any Liquidation Event (any such Liquidation Event being herein called a " Servicer Transfer Event "), in which case such Successor Notice may be given at any time in the Agent's discretion.
Individually or through any corporation, partnership, joint venture, trust, limited liability company or person, engage in any business competitive with the business then being conducted by Presis or UPAC, or any other business owned directly or indirectly by Presis, UPAC or TFH and with respect to which Employee has responsibility, at any place and in any state in which Presis, UPAC or such other business is then conducting its business.
As soon as possible and in any event within one Business Day after the occurrence of each Liquidation Event and each Unmatured Liquidation Event, a written statement of the chief financial officer or chief accounting officer of UPAC setting forth details of such event and the action that UPAC proposes to take with respect thereto; Litigation and Other Proceedings.