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

• The sale and purchase of the Receivables shall take place at a closing at a place, on a date and at a time mutually agreeable to World Omni and WOAR and may occur simultaneously with the closing of any related transactions contemplated by (a) the Sale and Servicing Agreement and (b) the Indenture.

• In consideration for the purchase of the Receivables and related assets pursuant to Section 2.01 hereof, WOAR shall pay to World Omni on the Closing Date an amount equal to the aggregate Starting Principal Balances for such Receivables (with respect to such Receivables, the “Purchase Price”) and World Omni shall execute and deliver to WOAR the RPA Assignment with respect to such Receivables and related assets.

• World Omni shall not change its name, identity or corporate structure in any manner that could reasonably be expected to make any financing statement or continuation statement filed in accordance with paragraph (a) above seriously misleading within the meaning of Section 9-506 of the UCC, unless it shall have given WOAR at least five days’ prior written notice thereof and shall have promptly filed appropriate amendments to all previously filed financing statements or continuation statements.

• World Omni shall deliver to WOAR file stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing.

• World Omni hereby authorizes the filing of such financing statements and ratifies any such financing statements filed prior to the date hereof.

• These indemnity obligations shall be in addition to any obligation that World Omni may otherwise have.

• The representations and warranties of World Omni hereunder shall be true and correct in all material respects on the Purchase Date, and World Omni shall have performed in all material respects all obligations to be performed by it hereunder on or prior to the Purchase Date.

• On the Closing Date, a portion of such Purchase Price payable on such date equal to approximately $1,231,217,184.90 shall be paid to World Omni in immediately available funds and the balance of the Purchase Price ($77,440,865.72) shall be recorded as a capital contribution to WOAR from World Omni.

• World Omni and WOAR wish to set forth the terms pursuant to which World Omni will sell the Receivables to WOAR.

• World Omni has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Florida, with the power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted, and had at all relevant times, and has, the power, authority and legal right to acquire and own the Receivables.

More Definitions of World Omni

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, Amendment No. 2 to Support Agreement dated as of October 1, 1996, and Amendment No. 3 to Support Agreement dated as of May 1, 1997 (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:

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 is the sole limited partner of WOLS ▇▇. ▇▇e 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 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 or in its capacity as administrator, the “Administrator”), WORLD OMNI AUTO RECEIVABLES LLC (the “Depositor”) and [___], as indenture trustee (the “Indenture Trustee”).

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: