First Step Initial Receivables Assignment definition

First Step Initial Receivables Assignment. As defined in Section 2.02(a) of the Pooling and Servicing Agreement.
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Examples of First Step Initial Receivables Assignment in a sentence

  • This First Step Initial Receivables Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Pooling and Servicing Agreement and is to be governed by the Pooling and Servicing Agreement.

  • On the Initial Closing Date, the Seller shall execute and deliver the First Step Initial Receivables Assignment and on each Subsequent Closing Date, the Seller shall execute and deliver the First Step Additional Receivables Assignment.

  • On the [Initial] Closing Date, [the Seller shall execute and deliver the First Step Initial Receivables Assignment and on each Subsequent Closing Date,] the Seller shall execute and deliver the First Step [Additional] Receivables Assignment.

  • On the Initial Closing Date, GMAC shall execute and deliver the First Step Initial Receivables Assignment and on each Additional Closing Date, GMAC shall execute and deliver a First Step Additional Receivables Assignment.

  • It is the intention of GMAC and XXXX that the transfer and assignment of Receivables contemplated by this First Step Initial Receivables Assignment shall constitute a sale of the Initial Receivables from GMAC to XXXX and the beneficial interest in and title to the Initial Receivables shall not be part of GMAC's estate in the event of the filing of a bankruptcy petition by or against GMAC under any bankruptcy law.

  • The foregoing transfer and assignment of Receivables contemplated by the Pooling and Servicing Agreement and this First Step Initial Receivables Assignment does not constitute and is not intended to result in any assumption by XXXX of any obligation of the undersigned to the Obligors, Dealers, insurers or any other Person in connection with the Initial Receivables, any Dealer Agreements, any insurance policies or any agreement or instrument relating to any of them.

  • As a consequence, Kingerby Lodge would come to be regarded as an unattractive and therefore unsatisfactory place to live.

  • It is the intention of the Seller and CXXX that the transfer and assignment of [Initial] Receivables contemplated by this First Step [Initial] Receivables Assignment shall constitute a sale of the [Initial] Receivables from the Seller to CXXX and the beneficial interest in and title to the [Initial] Receivables shall not be part of the Seller’s estate in the event of the filing of a bankruptcy petition by or against the Seller under any bankruptcy law.

  • In consideration for the Initial Purchased Property, XXXX shall, on the Initial Closing Date, pay to GMAC an amount equal to the Initial Aggregate Discounted Principal Balance in respect of the Initial Receivables and GMAC shall execute and deliver to XXXX an assignment in the form attached hereto as Exhibit A (the "First Step Initial Receivables Assignment").

  • I enjoy a few weeks—maybe even a long month—of summer sun, especially if I can get to the seafor at least part of that time.

Related to First Step Initial Receivables Assignment

  • Receivables Assets means accounts receivable (including any bills of exchange) and related assets and property from time to time originated, acquired or otherwise owned by the Borrower or any Subsidiary.

  • Initial Receivables means any Receivable conveyed to the Trust on the Closing Date.

  • Receivables Purchase Facility means any securitization facility made available to the Borrower or any of its Subsidiaries, pursuant to which receivables of the Borrower or any of its Subsidiaries are transferred to one or more SPCs, and thereafter to certain investors, pursuant to the terms and conditions of the Receivables Purchase Documents.

  • Receivables Purchase Agreement means the Receivables Purchase Agreement dated as of October 1, 2007, between the Issuer, the Depositor and the Receivables Seller, as the same may be amended, modified or supplemented from time to time.

  • Receivables Purchase Documents means those documents entered into in connection with any series of receivables purchase or sale agreements generally consistent with terms contained in comparable structured finance transactions pursuant to which the Borrower or any of its Subsidiaries, in their respective capacities as sellers or transferors of any receivables, sell or transfer to SPCs all of their respective rights, title and interest in and to certain receivables for further sale or transfer to other purchasers of or investors in such assets (and the other documents, instruments and agreements executed in connection therewith), as any such agreements may be amended, restated, supplemented or otherwise modified from time to time, or any replacement or substitution therefor.

  • Subsequent Mortgage Loan Purchase Agreement The agreement between the Depositor and the Seller regarding the transfer of the Subsequent Mortgage Loans by the Seller to the Depositor.

  • Mortgage Loan Purchase Agreement The agreement between the Seller and the Depositor, regarding the transfer of the Mortgage Loans by the Seller to or at the direction of the Depositor, substantially in the form of Exhibit D annexed hereto.

  • Receivables Purchase Price means $1,403,509,094.50.

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 I], dated as of February 3, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • Closing Date Purchase Price shall have the meaning set forth in Section 2.1 hereof.

  • Loan Purchase Agreement The Loan Purchase Agreement described in the Recitals to this Agreement, which Loan Purchase Agreement incorporates the terms of the Aurora Loan Services Seller Guide, as the same may be amended from time to time.

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

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • Countrywide Servicing Agreement Solely with respect to the Countrywide Mortgage Loans, the Mortgage Loan Purchase and Servicing Agreement, dated as of November 1, 2001, between the Transferor, as purchaser, and Countrywide, as seller and as servicer (as successor to Countrywide Home Loans, Inc. by an assignment dated January 1, 2001, as the same may be amended or supplemented), as the same may be amended from time to time, and any assignments and conveyances related to the Countrywide Mortgage Loans.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Substitute Servicing Agreement means a servicing agreement that contains servicing provisions which are the same as or more favorable to the Non-Lead Noteholders, in substance, to those in the Servicing Agreement (including, without limitation, all applicable provisions relating to delivery of information and reports necessary for any Non-Lead Securitization to comply with any applicable reporting requirements under the Securities Exchange Act of 1934, as amended) and all references herein to the “Servicing Agreement” shall mean such subsequent servicing agreement; provided, however, that if a Non-Lead Securitization Note is in a Securitization, then a Rating Agency Confirmation shall have been obtained from each Rating Agency with respect to such subsequent servicing agreement.

  • Mortgage Loan Purchase Price The price, calculated as set forth in Section 10.01, to be paid in connection with the repurchase of the Mortgage Loans pursuant to Section 10.01.

  • Asset Purchase Agreement has the meaning set forth in the Recitals.

  • Receivables Pool means, at any time of determination, all of the then outstanding Receivables transferred (or purported to be transferred) to the Borrower pursuant to the Purchase and Sale Agreement prior to the Termination Date.

  • hire-purchase agreement means an agreement, other than a conditional sale agreement, under which—

  • Mortgage Loan Sale Agreement The mortgage loan sale and assignment agreement dated as of November 1, 2003, for the sale of the Mortgage Loans by the Seller to the Depositor.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

  • Interim Servicing Agreement The agreement to be entered into by the Purchaser and the Interim Servicer, providing for the Interim Servicer to service the Mortgage Loans as specified by the Interim Servicing Agreement.

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.