Asset Interest Clause Samples

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Asset Interest. (a) Components of Asset Interest. On any date the Asset Interest will represent the Purchaser's undivided percentage ownership interest in all then outstanding Pool Receivables and all Related Assets with respect to such Pool Receivables as at such date.
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Asset Interest. (i) The Purchaser is: (A) the owner at Law of all of the Assignable Receivables and the other related Affected Assets; and (B) the beneficial owner at Law of all of the Non-Assignable Receivables and the other related Affected Assets, in each case free and clear of all Adverse Claims (other than Permitted Exceptions and Adverse Claims arising under this Agreement or under the other Transaction Documents). (ii) At all times on and after the Closing Date and until the Final Payout Date: (A) all actions to be taken in order to perfect and protect the interests of the Funding Agent and the other Secured Parties in the Receivables and the other Affected Assets against any Adverse Claim (other than Permitted Exceptions and Adverse Claims arising under this Agreement or under the other Transaction Documents) or the interest of any creditor of, or purchaser from, the Purchaser, any Seller will have been duly taken in each jurisdiction necessary for that purpose; (B) all registrations, financing statements, notices, instruments and documents required to be recorded or filed in order to perfect and protect the interests of the Funding Agent and the other Secured Parties in the Receivables and the other Affected Assets against any Adverse Claim (other than Permitted Exceptions and Adverse Claims arising under this Agreement or under the other Transaction Documents) or the interest of any creditor of, or purchaser from, the Purchaser, any Seller will have been duly executed, filed or served in or on the appropriate filing office, Official Body or other Person in each jurisdiction necessary for that purpose; and (C) all fees and taxes, if any, payable in connection with such actions and filings shall have been paid in full.
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Asset Interest. On any date the Asset Interest will represent Administrator's (for the benefit of Purchaser) combined undivided percentage ownership interest in (i) all then outstanding Pool Receivables, (ii) all Related Security with respect to such Pool Receivables, (iii) all of Seller's right and claims under the Purchase Agreement, (iv) all Collections with respect to, and other proceeds of, the foregoing as at such date, (v) all lock-boxes and lock-box or collection accounts into which Collections of Pool Receivables are or may be deposited, and all investments therein, and (vi) all books and records (including computer disks, tapes and software) evidencing or relating to any of the foregoing, in each case, whether now owned by Seller or hereafter acquired or arising, and wherever located (all of the foregoing, collectively referred to as "Pool Assets").
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Asset Interest. At any time, an undivided variable percentage ownership -------------- interest in all Assets. Each Asset Interest shall be calculated in accordance with Section 2.5. The undivided percentage interest of an Asset Interest shall equal C+R ------ AOLB where: C = equals the Capital in respect of such Asset Interest. R = equals the aggregate Reserves in respect of such Asset Interest. AOLB = equals the Aggregate Outstanding Loan Balance.
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Asset Interest. (i) The Company is the owner of all of the Purchased Receivables and other Affected Assets, free and clear of all Adverse Claims (other than any Adverse Claim arising hereunder or under the other Transaction Documents), and (ii) at all times on and after the Closing Date until the Final Payout Date (A) all actions to be taken in order to perfect and protect the interests of the Agent and the other Secured Parties in the Purchased Receivables and other Affected Assets against any Adverse Claim (other than any Adverse Claim arising hereunder or under the other Transaction Documents) or the interest of any creditor of or Company from the Company and/or any Originator will have been duly taken in each jurisdiction necessary for such purpose (other than the notification of the Obligors in relation to French Receivables as required under French law); or (B) all registrations, financing statements, notices, instruments and documents required to be recorded or filed in order to perfect and protect the interests of the Agent and the other Secured Parties in the Purchased Receivables and other Affected Assets against any Adverse Claim (other than any Adverse Claim arising hereunder or under the other Transaction Documents) or the interest of any creditor of, or Company from, the Company and/or any Originator will have been duly executed, filed or served in or on the appropriate filing office, Official Body or other Person in each jurisdiction necessary for such purpose (other than the notification of the Obligors in relation to French Receivables as required under French law), and (C) all fees and taxes, if any, payable in connection with such actions and filings shall have been paid in full.
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Asset Interest 
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Related to Asset Interest

  • Interim Interest If the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.

  • Penalty Interest (1) If the loan is overdue or not used for the purpose specified in the contract, from the date of overdue or misappropriation, the penalty interest shall be calculated and collected according to the penalty interest rate specified in this paragraph for the overdue or misappropriated part until the principal and interest are paid off. For overdue and misappropriated loans, the penalty interest shall be calculated and charged at higher penalty interest rate. (2) For the interest and penalty interest that cannot be paid on time by the borrower, compound interest shall be calculated and collected by the interest settlement method described in paragraph 3 of this article. (3) Penalty interest rate Penalty Interest Rate of the Floating Rate Loan A. The interest rate shall float according to the floating period specified in this article from the date of overdue or misappropriation. B. The penalty interest rate of overdue loan is 50% higher than the penalty interest base rate determined in item C of this article, and the penalty interest rate of misappropriated loan is 100% higher than the penalty interest base rate. C. In the first floating cycle of the loan, the penalty prime rate is the actual current interest rate in the cycle when overdue or misappropriation occurs. At the end of each cycle, the penalty interest prime rate of the next floating cycle will be adjusted on the repricing date by using the method specified in paragraph 1 of this article.

  • Assigned Interest Facility Assigned Aggregate Amount of Commitment/Loans for all Lenders Amount of Commitment/Loans Assigned Percentage Assigned of Commitment/Loans2 Revolving Commitment $ $ % $ $ % Effective Date: , 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] The Assignee agrees to deliver to the Administrative Agent a completed Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Company, the other Loan Parties and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including Federal and state securities laws. The terms set forth in this Assignment and Assumption are hereby agreed to: [NAME OF ASSIGNOR] By: Name: Title: [NAME OF ASSIGNEE] By: Name: Title: 2 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. Consented to and Accepted: JPMORGAN CHASE BANK, N.A., as Administrative Agent, Issuing Bank and Swingline Lender By: Name: Title: [Consented to:]3 CRICUT, INC., a Delaware corporation, as Borrower Representative By: Name: Title: 3 To be added only if the consent of the Borrower Representative is required by the terms of the Credit Agreement ANNEX 1

  • Periodic Interest Periodic Interest will be payable on each Tranche of the Recovery Bonds on each Payment Date in an amount equal to one-half of the product of (i) the applicable Recovery Bond Interest Rate and (ii) the Outstanding Amount of the related Tranche of Recovery Bonds as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Tranche of Recovery Bonds on such preceding Payment Date; provided, however, that with respect to the Initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Closing Date to, but excluding, the following Payment Date.

  • Assigned Interest[s] Assignor[s]8 Assignee[s]9 Aggregate Amount of Commitment for all Lenders10 Amount of Commitment Assigned Percentage Assigned of Commitment11 CUSIP Number $ $ % $ $ % $ $ % [7. Trade Date: ]12 Effective Date: , 20 [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 8 List each Assignor, as appropriate. 9 List each Assignee, as appropriate. 10 Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. 11 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 12 To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. The terms set forth in this Assignment and Assumption are hereby agreed to: ASSIGNOR [NAME OF ASSIGNOR] By: Title: ASSIGNEE [NAME OF ASSIGNEE] By: Title: [Consented to and]13 Accepted: BANK OF AMERICA, N.A., as Administrative Agent By: Title: [Consented to:]14 BORROWER: ▇▇▇▇▇▇▇ INDUSTRIAL REALTY, L.P., a Maryland limited partnership By: ▇▇▇▇▇▇▇ INDUSTRIAL REALTY, INC., a Maryland corporation, its General Partner By: Name: Title: 13 To be added only if the consent of Administrative Agent is required by the terms of the Credit Agreement.