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 Indenture Trustee shall promptly transmit any notice received by it from the Noteholders or Note Owners to the Issuing Entity and the Servicer and, if such notice is a Reallocation Request, to World Omni and ALF LLC.
Nothing in this Agreement shall affect any obligation World Omni may have in any other capacity.
If World Omni is no longer the Administrator, the successor Administrator shall provide any required Rating Agency notices under this Agreement to the Depositor, who shall promptly provide such notices to the Rating Agencies.
Such notices shall be provided to World Omni, the Initial Beneficiary and the Depositor at 2▇▇ ▇▇▇ ▇▇▇▇▇ Boulevard, Deerfield Beach, Florida 33442, Telecopy: (▇▇▇) ▇▇▇-▇▇▇▇, Attention: Treasurer, or at such other address or by such other means of communication as may be specified by World Omni or the Depositor to the Indenture Trustee from time to time.
The Indenture Trustee and the Issuing Entity acknowledge and agree that the purpose of this Section 6.15 is to facilitate compliance by World Omni and the Depositor with Rule 15Ga-1 under the Exchange Act, as amended, and Items 1104(e) and 1121(c) of Regulation AB (the “Repurchase Rules and Regulations”).
Each Noteholder desiring to effect such a transfer shall, and does hereby agree to, indemnify the Issuing Entity, the Owner Trustee, the Indenture Trustee, the Depositor and World Omni (in any capacity) against any liability that may result if the transfer is not so exempt or is not made in accordance with federal and state securities laws.
The “Monthly Remittance Condition” shall be deemed to be satisfied if (i) World Omni is the Servicer, (ii) no Exchange Note Servicer Default has occurred and is continuing, and (iii) World Omni’s unsecured debt obligations rating by any Rating Agency is acceptable to such Rating Agency.
The Indenture Trustee shall provide prompt notice to World Omni, the Initial Beneficiary and the Depositor of all demands received by a Responsible Officer of the Indenture Trustee for the repurchase or replacement of any Transaction Unit for breach of the representations and warranties concerning such Transaction Unit.
Concurrently herewith, World Omni Auto Leasing LLC (the “Depositor”) will purchase the Exchange Note, which represents the 2026-A Reference Pool, from the Initial Beneficiary and World Omni Automobile Lease Securitization Trust 2026-A, a Delaware statutory trust (the “Issuing Entity”), will purchase the Exchange Note, which represents the 2026-A Reference Pool, from the Depositor.
The Indenture Trustee shall cooperate fully with World Omni and the Depositor to deliver any and all records and any other information reasonably available to it and necessary in the good faith determination of World Omni and the Depositor to permit them to comply with the provisions of the Repurchase Rules and Regulations.

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: