Mandatory Decreases Sample Clauses

Mandatory Decreases. Whenever (a) the Series 2010-1 Enhancement Amount is less than the Series 2010-1 Minimum Enhancement Amount or (b) there exists an Asset Amount Deficiency, then, on the Payment Date immediately following discovery by the Issuer or the Master Servicer of any such deficiency, the Issuer shall decrease the Series 2010-1 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Series 2010-1 Enhancement Amount or the Aggregate Asset Amount on or prior to such Payment Date and to all Decreases of the Series 2010-1 Invested Amount on or prior to such Payment Date, no such deficiency described in either clause (a) or clause (b) shall exist on such Payment Date (each reduction of the Series 2010-1 Invested Amount pursuant to this Section 4A.3(a), a “Mandatory Decrease”). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decreases to the Trustee.
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Mandatory Decreases. Whenever the Enhancement Amount is less than the Minimum Enhancement Amount, then, on the Payment Date immediately following discovery of such deficiency, the Issuer shall decrease the Series 1998-1 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Enhancement Amount on or prior to such Payment Date and to all Decreases of the Series 1998-1 Invested Amount on such Payment Date, no such deficiency shall exist on such Payment Date (each reduction of the Series 1998-1 Invested Amount pursuant to this Section 4A.3(a), a "Mandatory Decrease"). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decreases to the Trustee.
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Mandatory Decreases. Whenever (i) a Series 1997-1 Enhancement Deficiency exists, then, on the Distribution Date immediately following discovery of such Series 1997-1 Enhancement Deficiency, NFLP shall, on or before the next Distribution Date pay or deposit to the Series 1997-1 Collection Account to be allocated in accordance with Section 5.2 hereof, a principal payment to decrease the Series 1997-1 Invested Amount (subject to the limitations specified in Section 4.3(c) below) by the amount necessary, so that after giving effect to all Decreases of the Series 1997-1 Invested Amount on such Distribution Date, no such Series 1997-1 Enhancement Deficiency shall exist and (ii) a Series 1997 Asset Amount Deficiency exists, then, on the Distribution Date immediately following discovery of such Series 1997 Asset Amount Deficiency, NFLP shall, on or before the next Distribution Date pay or deposit to the Series 1997-1 Collection Account to be allocated in accordance with Section 5.2 hereof, a principal payment to decrease the Series 1997-1 Invested Amount (subject to the limitations specified in Section 4.3(c) below) in an amount equal to the Series 1997-1 Invested Percentage (with respect to Principal Collections) of the amount of such Series 1997 Asset Amount Deficiency (each reduction of the Series 1997-1 Invested Amount pursuant to this Section 4.3(a), a "Mandatory Decrease"). Upon discovery of such a Series 1997-1 Enhancement Deficiency, NFLP shall deliver notice of any such Mandatory Decreases to the Trustee.
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Mandatory Decreases. Three (3) Business Days prior to any Mandatory Decrease Date with respect to a CP Conduit Purchaser, CRCF or the Administrator on behalf of CRCF, shall submit a written request to the Trustee for a principal payment to be made with respect to the Series 2006-2 Note registered in the name of the Funding Agent with respect to such CP Conduit Purchaser, to be made in accordance with Section 2.5(a)(ii), in an amount at least equal to the Mandatory Decrease Amount for such Mandatory Decrease Date. Each Mandatory Decrease Amount will be due and payable by CRCF on the Mandatory Decrease Date and any failure to pay such amount shall constitute a failure to make a principal payment on the related Series 2006-2 Note.
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Mandatory Decreases. Whenever the Series 1997-1 Enhancement Amount is less than the Series 1997-1 Minimum Enhancement Amount or a Series 1997 Asset Amount Deficiency exists, then, on the Distribution Date immediately following discovery of such deficiency, NFLP shall decrease the Series 1997-1 Invested Amount of the Series 1997-1 Notes as required under Section 4.3(a) of the Series 1997-1 Supplement.
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Mandatory Decreases. Whenever the Enhancement Amount is less than the Minimum Enhancement Amount or an Asset Amount Deficiency exists, then, on the Payment Date immediately following discovery of such deficiency, RCFC shall decrease the Series 1998-1 Invested Amount of the Series 1998-1 Notes as required under Section 4A.3(a) of the Series 1998-1 Supplement.
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Related to Mandatory Decreases

  • Payment Adjustments Notwithstanding anything to the contrary in this Article 3, any payment pursuant to this Article: (a) shall be subject to (i) any delay in payment or reduction required by Section 5.2 hereof, and (b) shall be subject to a set-off equal to the gross amount of any current or deferred compensation, including wages, salary, fees, benefits, tangible or intangible property or ownership rights or interests or other property rights, received by Executive or which he becomes entitled to receive in the future as remuneration for services to any Person, business or other entity as a result of, or in exchange for, any work or services performed, or any intellectual property conveyed by Executive, during the Restricted Period (“Remuneration”), provided that the foregoing provision shall in no way limit or impair Executive’s obligations or the Bank’s rights under Article 3 or Article 4 of this Agreement. Executive understands and agrees that the Bank’s set-off rights will accrue, and any set-off pursuant to this provision will be applied to any non-compete payments due (or previously paid or accrued), after the earlier of Executive’s receipt or accrual of Remuneration (the Set-off Date), and if Executive is not entitled to further payments under this Agreement, Executive agrees to refund the setoff amount in full to the Bank within fourteen (14 days) of Executive’s Certification reporting such remuneration or the Set-off Date, whichever is later.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.

  • Subsequent Adjustments In the event that the Assuming Institution or the Receiver discovers any errors or omissions as contemplated by Section 8.2 or any error with respect to the payment made under Section 8.3 after the Settlement Date, the Assuming Institution and the Receiver agree to promptly correct any such errors or omissions, make any payments and effect any transfers or assumptions as may be necessary to reflect any such correction plus interest as provided in Section 8.4.

  • Adjustments to the Conversion Rate (A) Events Requiring an Adjustment to the Conversion Rate. The Conversion Rate will be adjusted from time to time as follows:

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.