Principal if no Cross-Over Situation Exists Clause Samples

The 'Principal if no Cross-Over Situation Exists' clause establishes that a designated party will be recognized as the principal in a transaction unless a specific cross-over scenario arises. In practice, this means that the default party—often the one initiating or managing the transaction—retains principal status unless certain predefined conditions, such as overlapping roles or conflicting interests, are triggered. This clause ensures clarity in determining which party holds primary responsibility and authority, thereby preventing disputes over principal status when no cross-over situation is present.
Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Interests, then principal amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.
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Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Tracking Interests, Principal Amounts allocated with respect to each Loan Group's Tracking Interests in accordance with Paragraph 2, shall be further allocated: first to cause the Loan Group's corresponding Class A and Class B Tracking Interests to equal, respectively, 0.90% of the Subordinated Portion and 0.10% of the Subordinated Portion; and second to the Loan Group's corresponding Class C Tracking Interest;
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Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Sub-WAC REMIC Interests, principal amounts arising with respect to each of Loan Group will be allocated: first to cause the Loan Group’s corresponding Class A and Class B Interests to equal, respectively, 0.9% of the Subordinate Portion of such Loan Group and 0.1% of the Subordinate Portion of such Loan Group; and second to the Loan Group’s corresponding Class C Interest;
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Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Lower Tier REMIC Interests, Principal Amounts arising with respect to each Loan Group will be allocated: first to cause the Loan Group’s corresponding Class A and Class B Lower Tier REMIC Interests to equal, respectively, 0.9% of the Subordinated Portion and 0.1% of the Subordinated Portion; and second to the Loan Group’s corresponding Class C Lower Tier REMIC Interest;
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Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any class of interests, then principal amounts arising with respect to each such Loan Group shall be allocated: first to cause the Loan Group's corresponding Class A and Class B to equal, respectively, 0.9% of the GSA and 0.1% of the GSA; and second to the Loan Group's corresponding Class C Interest.
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Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any REMIC 2 Interest, then the Principal Distribution Amounts payable with respect to each Loan Group will be payable: first to cause the Loan Group’s corresponding R-2-A and R- 2-B Interests to equal, respectively, 0.9% of the SCB and 0.1% of the SCB, and then to the corresponding R-2-C Interest.
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Related to Principal if no Cross-Over Situation Exists

  • Investment Advisory Facilities The Sub-Adviser, at its expense, will furnish all necessary investment facilities, including salaries of personnel, required for it to execute its duties hereunder.

  • Investment Sub-Advisory Services Subject to the supervision of the applicable Corporation’s Board of Directors (“Board”) and the Adviser, the Sub-adviser shall act as the investment sub-adviser and shall supervise and direct the Fund’s investments as specified by the Adviser from time to time, and in accordance with the Fund’s investment objective(s), investment strategies, policies, and restrictions as provided in the Fund’s Prospectus and Statement of Additional Information, as currently in effect and as amended or supplemented from time to time (hereinafter referred to as the “Prospectus”), and such other limitations as the Fund or Adviser may impose by notice in writing to the Sub-adviser. The Sub-adviser shall obtain and evaluate such information relating to the economy, industries, businesses, securities markets, and securities as it may deem necessary or useful in the discharge of its obligations hereunder and shall formulate and implement a continuing program for the management of the assets and resources of each Fund allocated to the Sub-adviser in a manner consistent with the Fund’s investment objective(s), investment strategies, policies, and restrictions. In furtherance of this duty, the Sub-adviser, on behalf of each Fund is authorized to: (1) make discretionary investment decisions to buy, sell, exchange, convert, lend, and otherwise trade in any stocks, bonds, and other securities or assets; (2) place orders and negotiate the commissions for the execution of transactions in securities or other assets with or through such brokers, dealers, underwriters or issuers as the Sub-adviser may select or instruct the Affiliated Trading Desk (as defined below) to do so on behalf of the Subadviser, as applicable; (3) vote proxies, exercise conversion or subscription rights, and respond to tender offers and other consent solicitations with respect to the issuers of securities in which Fund assets may be invested provided such materials have been forwarded to the Sub-adviser in a timely fashion by the Fund’s custodian; (4) instruct the Fund custodian to deliver for cash received, securities or other cash and/or securities instruments sold, exchanged, redeemed or otherwise disposed of from the Fund, and to pay cash for securities or other cash and/or securities instruments delivered to the custodian and/or credited to the Fund upon acquisition of the same for the Fund; (5) maintain all or part of the Fund’s uninvested assets in short-term income producing instruments for such periods of time as shall be deemed reasonable and prudent by the Sub-adviser, including any other internal money market or short-term bond fund available for use only by clients of the Adviser and certain of its affiliates; and (6) generally, perform any other act necessary to enable the Sub-adviser to carry out its obligations under this Agreement or as agreed upon with the Adviser. The Adviser agrees that Subadviser may delegate trading execution and related reporting functions to the trading desk of an affiliate (“Affiliated Trading Desk”).

  • Investment Management Fee For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the monthly management fee rate (including performance adjustments, if any) that the Portfolio is obligated to pay the Advisor under its Management Contract with the Advisor, multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month. If in any fiscal year the aggregate expenses of the Portfolio exceed any applicable expense limitation imposed by any state or federal securities laws or regulations, and the Advisor waives all or a portion of its management fee or reimburses the Portfolio for expenses to the extent required to satisfy such limitation, the Investment Management Fee paid to the Sub-Advisor will be reduced by 50% of the amount of such waivers or reimbursements multiplied by the fraction determined in (ii). If the Sub-Advisor reduces its fees to reflect such waivers or reimbursements and the Advisor subsequently recovers all or any portion of such waivers and reimbursements, then the Sub-Advisor shall be entitled to receive from the Advisor a proportionate share of the amount recovered. To the extent that waivers and reimbursements by the Advisor required by such limitations are in excess of the Advisor's management fee, the Investment Management Fee paid to the Sub-Advisor will be reduced to zero for that month, but in no event shall the Sub-Advisor be required to reimburse the Advisor for all or a portion of such excess reimbursements.

  • Regulatory Good Standing Certification - Explanation - Continued If Vendor responded to the prior attribute that "No", Vendor is not in good standing, Vendor must provide an explanation of that lack of good standing here for TIPS consideration.

  • Information about the Government Procurement Agreement (GPA The procurement is covered by the Government Procurement Agreement: Yes