Adverse Selection Procedure definition

Adverse Selection Procedure means any method of selecting or identifying a Contract eligible to be included in the Trust Estate, other than in accordance with the Transaction Documents, that materially and adversely affects the representative nature of the sample of Contracts so selected.
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Adverse Selection Procedure means any method of selecting or identifying a Receivable eligible to be included in the Collateral, other than in accordance with the Transaction Documents, that materially and adversely affects the representative nature of the sample of Receivables so selected.
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Adverse Selection Procedure means any method of selecting or identifying Lease Contracts eligible to be included in the Collateral for inclusion therein, other than as outlined in the Commitment, that materially and adversely affects the representative nature of the sample of Lease Contracts so selected and decreases the probability that the Indenture Trustee will receive an uninterrupted flow of payments of principal and interest under the Lease Contracts.
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Examples of Adverse Selection Procedure in a sentence

  • The Servicer, the Seller and the Depositor will not use any Adverse Selection Procedure in selecting Contracts to be transferred to the Indenture Trustee from the outstanding contracts that qualify under the Sale and Allocation Agreement for inclusion in the Trust.

  • The Transferor and the Seller will not use any Adverse Selection Procedure in selecting the Receivables that qualify under the Security Agreement for inclusion as Collateral.

  • The Company and the Transferor will not use any Adverse Selection Procedure in selecting the Lease Contracts to be pledged to the Trustee from the outstanding Lease Contracts that qualify under the Trust and Security Agreement for inclusion in the Trust Property.

  • The Company and the Issuer will not use any Adverse Selection Procedure in selecting the Lease Contracts to be pledged to the Indenture Trustee from the outstanding Lease Contracts that qualify under the Indenture for inclusion in the Collateral.

Related to Adverse Selection Procedure

  • Random selection process means a process by which currently income-eligible households are selected for placement in affordable housing units such that no preference is given to one applicant over another except for purposes of matching household income and size with an appropriately priced and sized affordable unit (e.g., by lottery).

  • Auction Procedures means the Auction Procedures that are set forth in Paragraph 10 of the Articles Supplementary.

  • AML/KYC Procedures means the customer due diligence (CDD) procedures of a Reporting Financial Institution pursuant to the anti-money laundering or similar requirements of the jurisdiction concerned to which such Reporting Financial Institution is subject.

  • Operation Procedures means the procedures contained in Annexure A hereto which the Contractor is obliged to follow when performing work on behalf of the company

  • Complaints Procedure means the School's procedure for handling complaints from parents, as amended from time to time for legal or other substantive reasons, or in order to assist the proper administration of the School. It does not form part of the contract between you and the School. A copy of the most up-to-date procedure is on the School's website and is otherwise available from the School at any time upon request;