Bank Transferred Assets definition

Bank Transferred Assets has the meaning set forth in Section 2.1 of the Receivables Sale Agreement.
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Examples of Bank Transferred Assets in a sentence

  • This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables and the other Bank Transferred Assets in favor of FTH LLC, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Bank.

  • In consideration of the transfer of the Bank Transferred Assets conveyed to FTH LLC on the Closing Date, FTH LLC shall pay in cash to the Bank on such date an amount equal to the estimated fair market value of the Bank Transferred Assets on the Closing Date.

  • The Bank makes the following representations and warranties as of the Closing Date on which FTH LLC will be deemed to have relied in acquiring the Bank Transferred Assets.

  • The sales and transfers by the Bank of the Receivables and the related Bank Transferred Assets hereunder are and shall be without recourse to, or representation or warranty (express or implied) by, the Bank, except as otherwise specifically provided herein.

  • It is further the intention of the parties hereto that the Receivables and the related Bank Transferred Assets shall not be part of the Bank’s estate in the event of a bankruptcy or insolvency of the Bank.

  • Upon payment of such Repurchase Price by the Bank, the Issuer and the Indenture Trustee shall release and shall execute and deliver such instruments of release, transfer or assignment, in each case without recourse or representation, as may be reasonably requested by the Bank to evidence such release, transfer or assignment or more effectively vest in the Bank or its designee any Receivable and the related Bank Transferred Assets repurchased pursuant hereto.

  • The Bank has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would reasonably be expected to materially and adversely affect the ability of the Bank to perform its obligations under the Transaction Documents or affect the enforceability or collectability of the Receivables or any other part of the Bank Transferred Assets.

  • By execution below, the Bank expressly acknowledges and consents to the conveyance of the Bank Transferred Assets and the assignment of all rights and obligations of the Bank related thereto by FTH LLC to the Seller pursuant to the Purchase Agreement and by the Seller to the Issuer pursuant to the Sale Agreement and the Grant of a security interest in the Receivables and the other Bank Transferred Assets by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders.

  • MOVED by Councillor Warshick, seconded by Councillor Cunningham, that Harbour East Community Council give First Reading to the proposed amendments to the Land Use By-Law for Eastern Passage/Cow Bay and schedule a public hearing for January 9, 2003.

  • E-19 E-3 Phase 1 United States Message Text Format Battle Damage AssessmentReport Example ..........................................................................................

Related to Bank Transferred Assets

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Transferred Real Property has the meaning set forth in Section 1.1(p).

  • Contributed Assets shall have the meaning as set forth in Section 2.2.

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Subject Assets is defined in Section 2.2(c).

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Retained Assets has the meaning set forth in Section 2.2.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Specified Assets the following property and assets of such Grantor:

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Sold Assets has the meaning set forth in Section 2.01(b).

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • Transferred Liabilities has the meaning set forth in Section 2.02(a).

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • Assumed Liabilities has the meaning set forth in Section 2.3.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Specified Property means property for which an election has been made for a special elective benefit.

  • Assets and Properties of any Person means all assets and properties of every kind, nature, character and description (whether real, personal or mixed, whether tangible or intangible, and wherever situated), including the goodwill related thereto, operated, owned or leased by such Person.