ALLOCATIONS, APPLICATIONS AND PAYMENTS Clause Samples

ALLOCATIONS, APPLICATIONS AND PAYMENTS. THE RESERVE FUND; STATEMENTS TO CERTIFICATEHOLDERS 3.01 ALLOCATIONS, APPLICATIONS AND PAYMENTS. (a) DETERMINATION OF INTEREST RATES; DETERMINATION OF INTEREST PAYMENT AMOUNTS; SERVICER'S CERTIFICATES. (i) For the initial Interest Payment Period, the Class A-1 Rate, Class A-2 Rate, Class A-3 Rate and Class B Rate shall be determined by straight line interpolation (based on the actual number of days in the initial Interest Payment Period) such rate to be calculated by the [Trustee] two Business Days prior to the Closing Date. For each subsequent Interest Payment Period the 1998-C Securitization Trustee will make the following determinations: (A) On the second Interest Determination Business Day (defined below) preceding the first day of each Interest Payment Period, (the "Interest Determination Date"), for each Class of Class A Certificates, the 1998-C Securitization Trustee will determine the London interbank offered rate for U.S. Dollar deposits having maturities of three months ("three month LIBOR") or, if such Interest Payment Period commences on or after the related Targeted Maturity Date, one month ("one-month LIBOR"), in each case as at 11:00 a.m. (London time) on the Interest Determination Date in question. Such offered rate will be that which appears on the display designated as Telerate Page 3750 on the Dow ▇▇▇▇▇ Telerate Service (or such other page or service as may replace it for the purpose of displaying London interbank offered rates of major banks for U.S. Dollar deposits). (B) If for any reason the relevant page is unavailable or such offered rate does not appear, the 1998-C Securitization Trustee shall determine the rates at which three-month deposits (or one-month deposits, if applicable) in U.S. Dollars are offered by four major banks in the London interbank market (the "Reference Banks") at approximately 11:00 a.m. (London time) on the Interest Determination Date to prime banks in the London interbank market commencing on the first day of the relevant Interest Payment Period. The 1998-C Securitization Trustee shall request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two quotations are provided as requested, the 1998-C Securitization Trustee shall determine the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the 1998-C Securitization Trustee shall determine the arithmetic mean of the rates quoted by major banks in New York City, at app...
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ALLOCATIONS, APPLICATIONS AND PAYMENTS. THE RESERVE FUND; STATEMENTS TO CERTIFICATEHOLDERS
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Related to ALLOCATIONS, APPLICATIONS AND PAYMENTS

  • Billings and Payments Billings and payments shall be sent to the addresses set out in Appendix F.

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • Costs and Payments During the period that Sprint PCS is curing a breach or operating the Service Area Network under this Section 11.6.3, Sprint PCS and Manager will continue to make any and all payments due to the other party and to third parties under this agreement, the Services Agreement and any other agreements to which such party is bound, except that Sprint PCS may deduct from its payments to Manager all reasonable costs and expenses incurred by Sprint PCS in connection with the exercise of its right under this Section 11.6.3. Sprint PCS' operation of the Service Area Network pursuant to this Section 11.6.3 is not a substitution for Manager's performance of its obligations under this agreement and does not relieve Manager of its other obligations under this agreement.

  • Statements and Payments The Fig Share and the Developer Royalty shall be paid by Developer and Fig, respectively, no later than thirty (30) days after the end of the calendar month in which the Gross Receipts are received by the applicable Party together with a statement detailing calculation of the Fig Share or the Developer Royalty, as applicable (including copies of payment statements from Distributors and calculation of any adjustment to reflect Third-Party Distributor terms as provided in the definition of Fig Share). Upon request, Distributor will provide Fig with access to real-time reporting posted or made available by any Distributor.

  • Deposits and Payments A $350 per person deposit is required with your reservation. A second deposit in the amount of $1,200 is due 3/28/24. Final payment is due 5/27/24. All payments can be made by credit card or check.