Eligibility of Contract Payments Sample Clauses

Eligibility of Contract Payments. All Contract Payments included as Eligible Contract Payments in the calculation of the Borrowing Base in the most recently delivered Compliance Certificate are Eligible Contract Payments;
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Eligibility of Contract Payments. Each Seller hereby represents and warrants to the Issuer that as of each Advance Date: (i) the Task Order Specific Contract Payments constituting the Gross Asset Balance as of that day are Eligible Assets, (ii) all of the Task Order Specific Contract Payments in existence on that day have been transferred to the Issuer free and clear of any Lien of any Person (other than Permitted Liens, the interests of the Indenture Trustee and the Noteholders) and in compliance, in all material respects, with all Requirements of Law applicable to that Seller or in a transaction as to which the application of any Requirement of Law not complied with will have been waived by a Person with the power to waive such Requirement of Law, (iii) with respect to all of the Task Order Specific Contract Payments in existence on such date, all consents, licenses, approvals or authorizations of or registrations or declarations with any Governmental Authority required to be obtained, effected or given by that Seller in connection with the transfer of such Task Order Specific Contract Payments to the Issuer have been duly obtained, effected or given and are in full force and effect, (iv) the Issuer holds good and marketable title to such Task Order Specific Contract Payments, free of all Liens except Permitted Liens and no release thereof has occurred pursuant to the Release or otherwise; (v) no impairment of the rights of the Indenture Trustee, as assignee of the Contract Payments, to receive payments of moneys pursuant to the Contract Payments, except any such impairment arising out of rights of set-off that may not be waived (so long as such impairment arising from such non-waivable rights of set-off results in a Dilution), will be in existence on such day; (vi) the assignment of the Contract Payments under the NMCI Contract complies in all respects with the Federal
Sample 1
Eligibility of Contract Payments. All Contract Payments included as Eligible Contract Payments in the calculation of the Borrowing Base in the most recently delivered Monthly Report are Eligible Contract Payments;
Sample 1

Related to Eligibility of Contract Payments

  • Termination Pay Effective upon the termination of this Agreement, the Employer will be obligated to pay the Executive (or, in the event of his death, his designated beneficiary as defined below) only such compensation as is provided in this Section 6.5, and in lieu of all other amounts and in settlement and complete release of all claims the Executive may have against the Employer. For purposes of this Section 6.5, the Executive's designated beneficiary will be such individual beneficiary or trust, located at such address, as the Executive may designate by notice to the Employer from time to time or, if the Executive fails to give notice to the Employer of such a beneficiary, the Executive's estate. Notwithstanding the preceding sentence, the Employer will have no duty, in any circumstances, to attempt to open an estate on behalf of the Executive, to determine whether any beneficiary designated by the Executive is alive or to ascertain the address of any such beneficiary, to determine the existence of any trust, to determine whether any person or entity purporting to act as the Executive's personal representative (or the trustee of a trust established by the Executive) is duly authorized to act in that capacity, or to locate or attempt to locate any beneficiary, personal representative, or trustee.

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • CONTRIBUTION IN THE EVENT OF JOINT LIABILITY (a) To the fullest extent permissible under applicable law, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

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