Collection of Certain Term Asset Payments Sample Clauses

The 'Collection of Certain Term Asset Payments' clause outlines the procedures and responsibilities for collecting payments related to specific term assets under an agreement. Typically, this clause designates which party is responsible for receiving, processing, and distributing payments such as principal or interest from defined assets, and may specify timelines or methods for remittance. Its core function is to ensure that payments associated with term assets are properly managed and allocated, reducing the risk of misallocation or disputes between parties.
Collection of Certain Term Asset Payments. With respect to any Series or Class of Certificates, the Trustee (or the Administrative Agent if specified in the related Series Supplement) shall make reasonable efforts to collect all payments required to be made pursuant to the terms of the Term Assets or any related Credit Support Instruments in a manner consistent with the terms of this Agreement, such Term Assets and any related Credit Support Instruments.
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Collection of Certain Term Asset Payments. With respect to any Series or Class of Certificates until such time as the Term Assets in question are distributed to Certificateholders pursuant to an In-Kind Distribution, the Trustee shall make reasonable efforts to collect all payments required to be made pursuant to the terms of the Term Assets or any related Credit Support Instruments in a manner consistent with the terms of this Agreement, such Term Assets and any related Trust Asset Instruments, including making demand on Term Asset Issuer or the Credit Support Provider for payment pursuant to such Trust Asset Instrument. The Trustee shall have no obligation to institute any Proceedings with respect to any default under any Trust Asset Instrument except as provided in the Series Supplement.
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Related to Collection of Certain Term Asset Payments

  • Construction of certain terms In this Agreement:

  • Definition of Certain Terms For purposes of this Agreement, (a) “business day” means any day on which the New York Stock Exchange, Inc. is open for trading and (b) “subsidiary” has the meaning set forth in Rule 405 of the Rules and Regulations.

  • Definitions of Certain Terms The terms "interested person" and "affiliated person," when used in this Agreement, shall have the respective meanings specified in the 1940 Act and the rules and regulations thereunder, subject to such exemptions as may be granted by the Securities and Exchange Commission.

  • Allocation of Certain Taxes (a) The Equityholders and Buyer will, to the extent permitted by Applicable Law, elect with the appropriate Taxing Authorities to close the Taxable periods of the Company as of and including the Closing Date. In any case where Applicable Law does not require or permit such a Taxable period of the Company to be closed as of and including the Closing Date, any Tax described in Section 8.01(a) and pertaining to a period that begins on or before the Closing Date and ends after the Closing Date (a “Straddle Period”) shall be determined in accordance with the applicable provisions of Section 8.02(b) hereof. (b) In the case of any Tax described in Section 8.01(a) that is based on income, sales, revenue, production or similar items, or other Taxes not described in the next sentence, such Tax pertaining or attributable to the Company for the Pre-Closing Period shall be determined assuming that the Company uses the accrual method of Tax accounting and the portion of such Tax pertaining or attributable to the Pre-Closing Period of any Straddle Period shall be determined on the basis of an interim closing of the books as of and including the Closing Date; provided, that exemptions, allowances or deductions that are calculated on an annual basis (including depreciation and amortization deductions), other than with respect to property placed in service after the Closing, shall be allocated between the Pre-Closing Period and the period after the Closing Date in proportion to the number of days in each period. For purposes of this Section 8.02, the liability for any Taxes not described in the preceding sentences, including any real or personal property Taxes or a flat minimum dollar Tax, the total amount of such Taxes allocable to the Pre-Closing Period of a Straddle Period shall be the product of (i) such Tax for the entirety of such Straddle Period, multiplied by (ii) a fraction, the numerator of which is the number of days for such Tax period included in the Pre-Closing Period and the denominator of which is the total number of days in such Tax period.

  • Meaning of Certain Terms Except as otherwise defined herein, all capitalized terms used herein have the same meaning as in the Plan. The following terms have the following meanings: