Contracts Pool definition

Contracts Pool as of any date means the Initial Contracts and the Substitute Contracts (if any), other than any such Contracts that (i) have been reconveyed by the Indenture Trustee to the Issuer, and concurrently by the Issuer to the Originator, pursuant to Section 11.02 hereof, or (ii) have been paid (or prepaid) in full.
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Contracts Pool as of any date means the Initial Contracts and the Subsequent Contracts (if any), other than any such Contracts which (i) have been reconveyed by the Trust to the Trust Depositor, and concurrently by the Trust Depositor to the Seller, pursuant to Section 7.07 hereof and Section 5.03 of the Transfer and Sale Agreement, or (ii) have been paid (or prepaid) in full.
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Examples of Contracts Pool in a sentence

  • Upon the termination of a Contract included in the Contracts Pool as a result of a default by the Obligor thereunder, and upon any such Contract becoming a Defaulted Contract, the Servicer will use commercially reasonable efforts to dispose of any related Equipment.

  • The Servicer will manage, service, administer, and make collections on the Contracts in the Contracts Pool with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to all comparable contracts that it services for itself or others.

  • No material portion of the Pool Balance of the Contracts Pool consists of Contracts additionally secured by other real property (exclusive of or in addition to Equipment constituting fixtures).

  • No material portion of the Pool Balance of the Contracts Pool consists of Contracts secured by Equipment constituting fixtures.

  • The Servicer will duly fulfill and comply with, in all material respects, all obligations on the part of the Trust Depositor to be fulfilled or complied with under or in connection with each Contract in the Contracts Pool and will do nothing to impair the rights of the Indenture Trustee and the Holders in, to and under the Trust Assets.

  • The Trust Depositor will not sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Lien on any Contract in the Contracts Pool or related Equipment, whether now existing or hereafter transferred to the Trust, or any interest therein.

  • To the extent provided for in any Contract in the Contracts Pool, the Servicer will make reasonable efforts to collect (or cause to be collected) all payments with respect to amounts due for taxes and assessments relating to such Contracts or the Equipment and remit such amounts to the appropriate Governmental Authority on or prior to the date such payments are due.

  • Additionally, notwithstanding the foregoing, the Servicer may in its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing any Contract in the Contracts Pool.

  • The Servicer will perform such obligations under the Contracts in the Contracts Pool and will not change or modify the Contracts, except as otherwise permitted hereby.

  • The Servicer will service, administer and enforce the Contracts in the Contracts Pool on behalf of the Trust and will have full power and authority to do any and all things in connection with such servicing and administration which it deems necessary or desirable and as shall not contravene the provisions of this Agreement.

Related to Contracts Pool

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Seller Contracts means all contracts or agreements to which Seller is a party or to which any of its material assets are bound.