Dividing or Combining Asset Interests Sample Clauses

Dividing or Combining Asset Interests. The Deal Agent may, with the consent of a Purchaser, take any of the following actions at the end of such Fixed Period with respect to any Asset Interest: (i) divide the Asset Interest owned by such Purchaser into two or more portions of Asset Interests having aggregate Capital equal to the Capital of such divided Asset Interest, (ii) combine one portion of an Asset Interest of such Purchaser with another portion of an Asset Interest of such Purchaser with a Fixed Period ending on the same day, creating a new portion of an Asset Interest having Capital equal to the Capital of the two portions of Asset Interest combined or (iii) combine the Asset Interest of such Purchaser with the Asset Interest to be purchased on such day by such Purchaser, creating a new Asset Interest having Capital equal to the Capital of the two Asset Interests combined; provided, that an Asset Interest of VFCC may not be combined with an Asset Interest of the Investors.
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Dividing or Combining Asset Interests. Either the Seller or any Group Agent may, upon notice to the other party (with a copy of such notice to the Program Agent) received at least three Business Days prior to the last day of any Fixed Period for any Asset Interest in the case of the Seller giving notice, or up to the last day of such Fixed Period in the case of a Group Agent giving notice, either (a) divide any portion of such Asset Interest held by COLONIAL BANK WAREHOUSE LOAN PURCHASE AGREEMENT one or more Conduit Purchasers and/or Committed Purchasers in its Group into two or more Asset Interests of such Conduit Purchasers and/or Committed Purchasers having an aggregate Capital amount equal to the Capital amount of such divided portion of such Asset Interest, or (b) combine any two or more portions of Asset Interests held by one or more Conduit Purchasers and/or Committed Purchasers in its Group originating on such last day or having Fixed Periods ending on such last day into a single Asset Interest having a Capital amount equal to the aggregate Capital amount of such Asset Interests; provided, however, that no Asset Interest held by a Conduit Purchaser may be combined with an Asset Interests held by any Committed Purchaser.
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Dividing or Combining Asset Interests. The Administrator may take any of the following actions at the end of a Settlement Period with respect to any Asset Interest: (i) divide such Asset Interest into two or more Asset Interests having aggregate Capital equal to the Capital of such divided Asset Interest, (ii) combine such Asset Interests with another Asset Interest with a Settlement Period ending on the same day, creating a new Asset Interest having Capital equal to the Capital of the two Asset Interests combined or (iii) combine such Asset Interest with the Asset Interest to be purchased on such day, creating a new Asset Interest having Capital equal to the Capital of the two Asset Interests combined.
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Dividing or Combining Asset Interests. The Administrator may take any of the following actions at the end of a Settlement Period with respect to any Asset Interest: (i) divide such Asset Interest into two or more Asset Interests having aggregate Capital equal to the Capital of such divided Asset Interest, (ii) combine such Asset
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Dividing or Combining Asset Interests. The Seller or a Purchaser may, upon notice to and consent by the Deal Agent received at least three Business Days prior to the end of a Fixed Period for any Asset Interest, take any of the following actions at the end of such Fixed Period with respect to such Asset Interest: (i) divide the Asset Interest owned by a Purchaser into two or more portions of Asset Interests having aggregate Capital equal to the Capital of such divided Asset Interest, (ii) combine one portion of an Asset Interest of a Purchaser with another portion of an Asset Interest of such Purchaser with a Fixed Period ending on the same day, creating a new portion of an Asset Interest having Capital equal to the Capital of the two portions of Asset Interest combined or (iii) combine the Asset Interest of a Purchaser with the Asset Interest to be purchased on such day by such Purchaser, creating a new Asset Interest having Capital equal to the Capital of the two Asset Interests combined; provided, that an Asset Interest of VFCC may not be combined with an Asset Interest of the Investors.
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Related to Dividing or Combining Asset Interests

  • Remaining Assets In the event that the School closes, the School shall return any remaining public assets to the State, provided that any outstanding obligations of the School are fulfilled first pursuant to Sec. 302D-19, HRS.

  • Commingling Assets The assets of your IRA cannot be commingled with other property except in a common trust fund or common investment fund.

  • Gross Asset Value The term "Gross Asset Value" means, with respect to any asset, the asset's adjusted basis for federal income tax purposes, except as follows:

  • Average Invested Assets For a specified period, the average of the aggregate book value of the Assets before deducting depreciation, bad debts or other non-cash reserves computed by taking the average of such values at the end of each month during such period.

  • Transferred Assets (i) From the Closing Date to the Effective Date, OLS sold and/or contributed, assigned, transferred, and conveyed to the Depositor, and the Depositor acquired from OLS, without recourse except as provided under the Original Receivables Sale Agreement, all of OLS’s right, title and interest, whether now owned or hereafter acquired, in, to and under each Receivable (1) in existence on the Closing Date and in existence on any Business Day after the Closing Date and prior to the Effective Date that is listed as a “Designated Servicing Agreement” on the Designated Servicing Agreement Schedule as of the date such Receivable is created (the “Initial Receivables”), and (2) all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the Uniform Commercial Code in effect in all applicable jurisdictions (the “UCC”)), together with all rights of OLS to enforce such Initial Receivables (collectively, the “Original Transferred Assets”). (ii) Commencing on the Effective Date, and until the opening of business on the MSR Transfer Date for each Designated Servicing Agreement, pursuant to the Purchase Agreement, OLS will sell to HLSS, for a cash purchase price equal to 100% of the Receivable Balances thereof, (1) each Receivable, in existence on any Business Day on or after the Effective Date and until the opening of business on the related MSR Transfer Date, that arises under any Servicing Agreement that is listed as a “Designated Servicing Agreement” on the Designated Servicing Agreement Schedule as of the date such Receivable is created (“OLS Additional Receivables”) for which the MSR Transfer Date has not yet occurred, and (2) all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the UCC), together with all rights of HLSS to enforce such OLS Additional Receivables (collectively, the “OLS Transferred Assets”). (iii) Commencing on the Effective Date, and until the close of business on the Receivables Sale Termination Date, subject to the provisions of this Agreement, HLSS, as receivables seller, hereby sells and/or contributes, assigns, transfers, and conveys to the Depositor, and the Depositor acquires from HLSS, without recourse except as provided herein, all of HLSS’s right, title and interest, whether now owned or hereafter acquired, in, to and under (1) each Receivable in existence on any Business Day on or after the Effective Date and prior to the Receivables Sale Termination Date (including the OLS Additional Receivables) that arises under any Servicing Agreement that is listed as a “Designated Servicing Agreement” on the Designated Servicing Agreement Schedule as of the date such Receivable is created (“Additional Receivables”), and (2) all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the UCC) (including the OLS Transferred Assets), together with all rights of HLSS to enforce such Additional Receivables (collectively, the “Transferred Assets”). Until the Receivables Sale Termination Date, HLSS shall, automatically and without any further action on its part, sell and/or contribute, assign, transfer and convey to the Depositor, on each Business Day, each Additional Receivable not previously transferred to the Depositor and the Depositor shall purchase each such Additional Receivable together with all of the other Transferred Assets related to such Receivable.