Examples of Aegis Finance in a sentence
In consideration of the purchase of the Receivable, the Seller shall remit or cause Aegis Finance to remit the Purchase Amount to the Trustee for application in the manner specified in Section 5.05.
The Seller has caused each certificate of title (or copy of an application for title), or such other document delivered by the state title registration agency evidencing the security interest in each Financed Vehicle, to be delivered to the Custodian pursuant to Section 3.03 hereof, together with a power of attorney, duly executed by Aegis Finance in favor of the Trustee, which powers of attorney are sufficient to change the lien holder on the certificate of title with respect to a Financed Vehicle.
Concurrently therewith, the Seller shall cause Aegis Finance to repurchase such Receivable pursuant to the Purchase Agreement for the Purchase Amount.
Seller has operated and will operate its business such that its assets and liabilities will not be substantively consolidated with the assets and liabilities of Aegis Finance and its separate existence will not be disregarded in any state or federal court proceeding.
Each Additional Receivable shall have been identified and approved by Aegis Finance on or prior to the Closing Date, as evidenced by Aegis Finance's dated notation of approval on the loan application (or other writing).
Such funds shall not be commingled with the funds of any other person; provided that there may be deposited in the Lock-Box Account moneys collected on other motor vehicle installment sales contracts originated by Aegis Finance and its affiliates.
The Servicer Files are kept at the location or locations listed in Exhibit E hereto, with the exception of (A) the original certificates of title or other documents under applicable state laws evidencing the security interest of Aegis Finance in the Financed Vehicles, and (B) the original Receivables, which documents shall be kept at an office of the Custodian.
The Lock-Box Account shall be a non-interest bearing account established with a Lock-Box Account Depository, which shall at all times be an Eligible Institution, by the Servicer for the sole benefit of the Trust and other holders of retail installment sales contracts originated by Aegis Finance or its Affiliates.
Aegis Finance, in accordance with its customary procedures, has required that each Obligor obtain, and has determined that each Obligor has obtained, physical damage insurance covering the Financed Vehicle as of the date of execution of the Receivable insuring repair or replacement of such Financed Vehicle subject to a deductible not in excess of $500.
Except for Uninsured Receivables constituting no more than one-fifth of 1% of the aggregate initial Principal Balance, and Nonconforming Insured Receivables constituting no more than 1% of the aggregate initial Principal Balance, each Receivable has been originated in accordance with the applicable Underwriting Guidelines of Aegis Finance in effect at the time of origination and in accordance with underwriting guidelines acceptable to the Risk Default Insurer.