WODFI definition
Examples of WODFI in a sentence
The opinions set forth below may be subject to all the qualifications, assumptions, limitations and exceptions taken or made in the opinion of counsel to WODFI LLC ("WODFI"), delivered on any Closing Date.
THIS NOTE WILL NOT BE ACCEPTED FOR REGISTRATION OF TRANSFER EXCEPT UPON PRESENTATION OF A CERTIFICATE SATISFACTORY TO WODFI LLC, THE INDENTURE TRUSTEE AND THE OWNER TRUSTEE THAT SUCH RESTRICTIONS HAVE BEEN COMPLIED WITH BY THE SELLER AND PURCHASER HEREOF AND WITH THE CONSENT OF WODFI LLC (WHICH CONSENT SHALL NOT BE UNREASONABLY WITHHELD).
WODFI hereby acknowledges that, prior to or simultaneously with the execution and delivery of this Reassignment, World Omni delivered to WODFI the computer file or such microfiche or written list described in Section 2(b) of this Reassignment.
WODFI may conclusively rely on such Officers' Certificate, shall have no duty to make inquiries with regard to the matters set forth therein and shall incur no liability in so relying.
This Note (the "Note") does not represent any interest in, or recourse obligation of, WODFI LLC, a Delaware limited liability company and wholly-owned subsidiary of the Servicer ("WODFI LLC"), the Servicer or any affiliate thereof.
Not less than five Business Days prior to the Removal Date, World Omni shall furnish to WODFI, any Agent, any Enhancement Providers and the Rating Agencies a written notice specifying the Determination Date (which may be the Determination Date on which such notice is given) on which removal of the Receivables of one or more Accounts will occur, such date being a Removal Date.
WODFI LLC, a Delaware limited liability company (the "Transferor") and World Omni Financial Corp.
WODFI may assign its rights, remedies, powers and privileges under this Agreement to the Trust pursuant to the Trust Sale and Servicing Agreement which may be assigned to the Indenture Trustee pursuant to the Indenture.
Subject to Article VIII of the Trust Agreement, this Agreement may be amended from time to time (with prior written notice to the Rating Agencies and the Indenture Trustee) by a written amendment duly executed and delivered by World Omni and WODFI.
In the event that World Omni is unable for any reason to transfer Receivables to WODFI, then World Omni agrees that it shall allocate, after the occurrence of such event, payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account and to have such payments applied as Collections in accordance with the terms of the Trust Sale and Servicing Agreement.