Specified Interest Sample Clauses

The Specified Interest clause defines the exact rate or method for calculating interest that will apply to certain amounts under the contract, such as late payments or outstanding balances. Typically, this clause will state a fixed percentage or reference a benchmark rate, and it may specify how interest accrues and when it becomes payable. Its core practical function is to provide clarity and certainty regarding financial obligations, thereby reducing disputes over interest calculations and ensuring both parties understand the cost implications of delayed payments.
Specified Interest. The Senior Noteholder by accepting this Senior Note acknowledges and agrees that, if an Insolvency Event occurs with respect to any Titling Company, any claim that such Senior Noteholder may seek to enforce against such Titling Company or the Specified Assets allocated to any Specified Interest of such Titling Company other than the Specified Interest represented by a Series 2000-1 Certificate shall be subordinated to the payment in full, including post-petition interest, of the claims of the holders of any Securities related to the Specified Assets allocated to such other Specified Interests of such Titling Company. Each Senior Noteholder or Senior Note Owner, by acceptance of a Senior Note or, in the case of a Senior Note Owner, a beneficial interest in a Senior Note, covenants and agrees that no recourse may be taken, directly or indirectly, with respect to the obligations of the Lease Trust, the Lease Trustee or the Indenture Trustee on the Senior Notes or under the Indenture or any certificate or other writing delivered in connection therewith, against (i) the Indenture Trustee or the Lease Trustee in their individual capacities, (ii) any owner of a beneficial interest in the Lease Trust or (iii) any partner, owner, beneficiary, agent, officer, director or employee of the Indenture Trustee or the Lease Trustee in their individual capacities, any holder of a beneficial interest in the Lease Trust, the Lease Trustee or the Indenture Trustee or of any successor or assign of the Indenture Trustee or the Lease Trustee in their individual capacities, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully liable, to the extent provided by applicable law, for any unpaid consideration for stock, unpaid capital contribution or failure to pay any installment or call owing to such entity. The Senior Notes represent obligations of the Lease Trust only and do not represent interests in, recourse to or obligations of RCL Trust 2000-1, Ford Credit or any of their respective affiliates. Each Senior Noteholder or Senior Note Owner, by acceptance of a Senior Note or, in the case of a Senior Note Owner, a beneficial interest in a Senior Note, covenants and agrees that by accepting the benefits of the Indenture that such Senior Noteholder will not at any time institute against the Lease Trust, any Titling Company or RCL Trust 2000-1, or join in any institution against the Lease Trust, any Titling Company o...
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Specified Interest. Notwithstanding anything to the contrary in this Note, for purposes of calculating interest on this Note due on October 15, 2022 and January 15, 2023, the outstanding principal amount of this Note shall be deemed to be [ ] Dollars ($ ) until November 15, 2022, as may be further reduced by amortization payments made in accordance with Section 6(b) on such date and thereafter.
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Specified Interest. We acknowledge and agree (i) that if an Insolvency Event occurs with respect to any Titling Company, any claim that we may seek to enforce against such Titling Company or the Specified Assets allocated to any Specified Interest of such Titling Company other than the Specified Interest represented by a Series 2000-1 Certificate ("Other Specified Interest") shall be subordinated to the payment in full, including post-petition interest, of the claims of the holders of any Securities related to the Specified Assets allocated to such Other Specified Interests and (ii) that the Lease Trust Agreement constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code. You are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Lease Trust Agreement and the definitions appendices incorporated by reference therein. Very truly yours, By: ---------------------- Name: Title: Securities To Be Purchased: $ ___________ principal amount of Certificates EXHIBIT E [FORM OF INVESTMENT LETTER INSTITUTIONAL ACCREDITED INVESTOR] [Date] Ford Credit Auto Lease Trust 2000-1 as Issuer The Bank of New York (Delaware) as Lease Trustee and Lease Trust Registrar 101 ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ - 12E New York, New York 10286 Attention: Corporate Trust Administration Merr▇▇▇ ▇▇▇ch, Pierce, Fenn▇▇ & ▇mit▇ Incorporated as Initial Purchaser in connection with the Offering Circular referred to below 250 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ York, New York 10281 Attention: [ ] [ ] as Initial Purchaser in connection with the Offering Circular referred to below [ ] [ ] [ ] Ladies and Gentlemen: In connection with our proposed purchase of the [ ]% Asset Backed Lease Trust Certificates (the "Certificates") of Ford Credit Auto Lease Trust 2000-1 (the "Issuer"), a trust formed by RCL Trust 2000-1 (the "Depositor") pursuant to the Trust Agreement, dated as of [ ], 2000 (the "Lease Trust Agreement"), between the Depositor and The Bank of New York (Delaware), as Lease Trustee, we confirm that:
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Specified Interest. We acknowledge and agree (i) that if an Insolvency Event occurs with respect to any Titling Company, any claim that we may seek to enforce against such Titling Company or the Specified Assets allocated to any Specified Interest of such Titling Company other than the Specified Interest represented by a Series 2000-1 Certificate ("Other Specified Interest") shall be subordinated to the payment in full, including post-petition interest, of the claims of the holders of any Securities related to the Specified Assets allocated to such Other Specified Interests and (ii) that the Lease Trust Agreement constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code. You are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Lease Trust Agreement and the definitions appendices incorporated by reference therein. Very truly yours, By: ------------------------- Name: Title: Securities To Be Purchased: $_____________ principal amount of Certificates EXHIBIT F [FORM OF CUSTODIAL AGREEMENT] [Date] [Merr▇▇▇ ▇▇▇ch, Pierce, Fenn▇▇ & ▇mit▇ Incorporated 250 ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ York, New York 10281 Attention: [ ]] [[ ] [ ] [ ] Attention: [ ]]
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Related to Specified Interest

  • Additional Interests If any Pledgor shall at any time acquire or hold any additional Pledged Interests, including any Pledged Interests issued by any Subsidiary not listed on Schedule I hereto which are required to be subject to a Lien pursuant to a Pledge Agreement by the terms hereof or of any provision of the Revolving Credit Agreement (any such shares being referred to herein as the “Additional Interests”), such Pledgor shall deliver to the Administrative Agent for the benefit of the Revolving Secured Parties (i) a Pledge Agreement Supplement in the form of Exhibit A hereto with respect to such Additional Interests duly completed and executed by such Pledgor and (iii) any other document required in connection with such Additional Interests as described in Section 2(c). Each Pledgor shall comply with the requirements of this Section 21 concurrently with the acquisition of any such Additional Interests or, in the case of Additional Interests to which Section 6.14 of the Revolving Credit Agreement applies, within the time period specified in such Section or elsewhere in the Revolving Credit Agreement with respect to such Additional Interests; provided, however, that the failure to comply with the provisions of this Section 21 shall not impair the Lien on Additional Interests conferred hereunder.

  • 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.

  • 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

  • Scheduled Interest The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Payment of Purchase Price for the Mortgage Loans In consideration of the sale of the Mortgage Loans from the Seller to the Purchaser on the Closing Date, the Purchaser agrees to pay to the Seller on the Closing Date (the "Purchase Price") by transfer of (i) immediately available funds in an amount equal to $25,055,895.92 and (ii) a 3.85% percentage interest in the Class C Certificates, the Class P Certificates and the Class R Certificates (collectively the "Option One Certificates") which Option One Certificates shall be registered in the name of Option One Mortgage Securities Corp. The Originator shall pay, and be billed directly for, all expenses incurred by the Purchaser in connection with the issuance of the Certificates, including, without limitation, printing fees incurred in connection with the prospectus relating to the Certificates, blue sky registration fees and expenses, fees and expenses of Purchaser's counsel, fees of the Rating Agencies requested to rate the Certificates, accountant's fees and expenses and the fees and expenses of the Trustee and other out-of-pocket costs, if any.