World Omni definition

World Omni means World Omni Financial Corp., a Florida corporation, or its successors.

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World Omni means World Omni Financial Corp., a Florida corporation.

World Omni means World Omni Financial Corporation, d/b/a CenterOne Financial Services.

Examples of World Omni in a sentence

Receivables to be purchased by the Servicer or to be repurchased by World Omni or the Depositor shall be identified by the Servicer by account number or asset number with respect to such Receivable (as specified in the Schedule of Receivables).
For purposes of this Section, in the event of the termination of the rights and obligations of World Omni (or any successor thereto pursuant to Section 7.03) as Servicer pursuant to Section 8.01, or a resignation by such Servicer pursuant to this Agreement, such Servicer shall be deemed to be the Servicer pending appointment of a successor Servicer (other than the Indenture Trustee) pursuant to Section 8.02.
Each of World Omni and the Depositor hereby acknowledges and consents to any mortgage, pledge, assignment and grant of a security interest by the Issuing Entity to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all right, title and interest of the Issuing Entity in, to and under the Receivables and/or the assignment of any or all of the Issuing Entity’s rights and obligations hereunder to the Indenture Trustee.
The information set forth in the Schedule of Receivables is true and correct in all material respects as of the close of business on the Cutoff Date, and no selection procedures believed by World Omni to be adverse to the Noteholders were utilized in selecting the Receivables.
Subject to the provisions of Section 6.03, the sole remedy of the Issuing Entity, the Owner Trustee, the Indenture Trustee, the Noteholders or the Certificateholders with respect to a breach of representations and warranties pursuant to Section 3.01(a) and the agreement contained in this section shall be to require World Omni to repurchase Receivables pursuant to this section, subject to the conditions contained herein.
Notice of any such determination permitting the resignation of World Omni shall be communicated to the Owner Trustee and the Indenture Trustee at the earliest practicable time (and, if such communication is not in writing, shall be confirmed in writing at the earliest practicable time) and any such determination shall be evidenced by an Opinion of Counsel to such effect delivered to the Owner Trustee and the Indenture Trustee concurrently with or promptly after such notice.
Upon such repurchase, the Issuing Entity will, without further action, be deemed to have sold and assigned to World Omni all of the Issuing Entity’s right, title and interest in the Receivable repurchased by World Omni under this Section 3.02(b) and all security and documents relating to the Receivable.
Under the terms of each Receivable, the related Obligor is required to maintain physical damage insurance covering the Financed Vehicle and to have World Omni named as the loss payee.
No Receivable has been sold, transferred, assigned or pledged (x) by World Omni to any Person other than the Depositor or (y) by the Depositor to any Person other than the Issuing Entity.
In consideration of the repurchase of any such Receivable, World Omni shall remit the Purchase Amount, in the manner specified in Section 5.05.

More Definitions of World Omni

World Omni is the sole limited partner of WOLS ▇▇. ▇he sole general partner of WOLS ▇▇ ▇▇ World Omni Lease Securitization, Inc., a Delaware corporation ("WOLSI") and a wholly owned subsidiary of World Omni. In order to better assure WOLS ▇▇ ▇▇▇t it will be able to meet its financial obligations as and when they become due and payable, and therefore to assist WOLS ▇▇ ▇▇ inducing third parties to enter into financial arrangements with it as it deems desirable, the undersigned have entered into a Support Agreement dated as of October 1, 1995, as amended by Amendment No. 1 to Support Agreement dated as of May 1, 1996 and Amendment No. 2 to Support Agreement dated as of October 1, 1996 (as so amended, the "Support Agreement") to provide support to WOLS ▇▇ ▇▇ maintaining a favorable financial condition, and desires to amend the Support Agreement to provide additional support to WOLS ▇▇. For the foregoing reasons, and for other good and valuable consideration, receipt of which is hereby acknowledged, World Omni, having a financial interest in WOLS ▇▇, ▇▇d WOLS ▇▇, ▇▇tending to be legally bound, hereby agree as follows:

World Omni means World Omni Financial Corp. and its successors. Defined terms used herein and not otherwise defined will have the meanings ascribed thereto in the Sale and Servicing Agreement as it exists on the date hereof, together with such amendments as shall be consented to by the Servicer.

World Omni or in its capacity as administrator, the “Administrator”), WORLD OMNI AUTO RECEIVABLES LLC (the “Depositor”) and [ ], as indenture trustee (the “Indenture Trustee”).

World Omni agrees that with respect to each Receivable of each such Dealer (i) the security interest in such Common Vehicle Collateral granted to World Omni pursuant to any Nonfloorplan Agreement is junior and subordinate to the security interest created by the related Floorplan Financing Agreement or Asset Based Lending Financing Agreement, (ii) World Omni has no legal right to realize upon such Common Vehicle Collateral or exercise its rights under the Nonfloorplan Agreement in any manner that is materially adverse to WODFI, the Trust, the Certificateholders or the Noteholders in respect of the Common Vehicle Collateral until all required payments in respect of such Receivable under the Floorplan Financing Agreement or Asset Based Lending Financing Agreement have been paid, and (iii) in realizing upon such Common Vehicle Collateral, neither WODFI nor the Trust shall have any obligation to protect or preserve the rights of World Omni in such Common Vehicle Collateral. WODFI agrees that with respect to each Receivable of each such Dealer (a) the security interest in such Common Non-Vehicle Collateral created by the Floorplan Financing Agreement or the Asset Based Lending Financing Agreement and hereby assigned to WODFI is junior and subordinate to the security interest therein created by the Nonfloorplan Agreement, (b) WODFI has no legal right to realize upon such Common Non- Vehicle Collateral or exercise its rights under the Floorplan Financing Agreement or the Asset Based Lending Financing Agreement in any manner that is materially adverse to World Omni until all required payments in respect of the obligation created or secured by the Nonfloorplan Agreement have been made, and (c) in realizing on such Common Non-Vehicle Collateral, World Omni shall not be obligated to protect or preserve the rights of WODFI or the Trust in such Common Non-

World Omni is the sole limited partner of WOLS ▇▇. ▇he sole general partner of WOLS ▇▇ ▇▇ World Omni Lease Securitization, Inc., a Delaware corporation ("WOLSI") and a wholly owned subsidiary of World Omni. In order to better assure WOLS ▇▇ ▇▇▇t it will be able to meet its financial obligations as and when they become due and payable, and therefore to assist WOLS ▇▇ ▇▇ inducing third parties to enter into financial arrangements with it as it deems desirable, the undersigned have entered into a Support Agreement dated as of October 1, 1995, as amended by Amendment No. 1 to Support Agreement dated as of May 1, 1996 (the "Support Agreement") to provide support to WOLS ▇▇ ▇▇ maintaining a favorable financial condition, and desires to amend the Support Agreement to provide additional support to WOLS ▇▇. For the foregoing reasons, and for other good and valuable consideration, receipt of which is hereby acknowledged, World Omni, having a financial interest in WOLS ▇▇, ▇▇d WOLS ▇▇, ▇▇tending to be legally bound, hereby agree as follows:

World Omni is the sole limited partner of ▇▇▇▇ ▇▇. The sole general partner of ▇▇▇▇ ▇▇ is World Omni Lease Securitization, Inc., a Delaware corporation ("WOLSI") and a wholly owned subsidiary of World Omni. In order to better assure ▇▇▇▇ ▇▇ that it will be able to meet its financial obligations as and when they become due and payable, and therefore to assist ▇▇▇▇ ▇▇ in inducing third parties to enter into financial arrangements with it as it deems desirable, the undersigned have entered into a Support Agreement dated as of October 1, 1995, as amended by Amendment No. 1 to Support Agreement dated as of May 1, 1996 and Amendment No. 2 to Support Agreement dated as of October 1, 1996 (as so amended, the "Support Agreement") to provide support to ▇▇▇▇ ▇▇ in maintaining a favorable financial condition, and desires to amend the Support Agreement to provide additional support to ▇▇▇▇ ▇▇. For the foregoing reasons, and for other good and valuable consideration, receipt of which is hereby acknowledged, World Omni, having a financial interest in ▇▇▇▇ ▇▇, and ▇▇▇▇ ▇▇, intending to be legally bound, hereby agree as follows: