Warranty Collateral Asset definition

Warranty Collateral Asset has the meaning assigned to such term in the Sale Agreement.
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Warranty Collateral Asset has the meaning specified in Section 2.16(a).
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Warranty Collateral Asset shall have the meaning provided in Section 6.01.
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Examples of Warranty Collateral Asset in a sentence

  • It is understood and agreed that the obligation of the Seller to purchase such Warranty Collateral Asset or substitute such Warranty Collateral Asset is not intended to, and shall not, constitute a guaranty of the collectability or payment of any Transferred Asset which is not collected, not paid, or uncollectible on account of the insolvency, bankruptcy or financial inability to pay of the related Obligor.

  • The Borrower may transfer any Warranty Collateral Asset to the Equityholder, or to any third party at the Equityholder’s direction, to consummate the sale or substitution of such Warranty Collateral Asset pursuant to, and in accordance with the terms of, Article VI of the Sale Agreement.


More Definitions of Warranty Collateral Asset

Warranty Collateral Asset has the meaning specified in Section 8.11(a).
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Related to Warranty Collateral Asset

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Collateral has the meaning set forth in Section 2.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.