Extensions; Monthly Payments; Term Sample Clauses

Extensions; Monthly Payments; Term. (a) Consistent with its customary servicing practices, the Servicer may, in its discretion, modify or extend the term of a 2017-1 Lease or re-lease a 2017-1 Lease; provided, that if (i) the Servicer makes an extension that exceeds six months or (ii) the related 2017-1 Lease as extended would mature later than the last day of the Collection Period preceding the Class A-4 Note Final Scheduled Payment Date or (iii) the 2017-1 Vehicle is re-leased, the Servicer shall, on the Deposit Date related to the Collection Period in which the Servicer discovers or is notified that such event described in clauses (i), (ii) or (iii) has occurred, (x) deposit or cause to be deposited into the 2017-1 SUBI Collection Account an amount equal to the Securitization Value (with respect to extensions) or the Contract Residual Value (with respect to re-leases) of the related 2017-1 Lease as of the last day of the related Collection Period and (y) direct the Vehicle Trustee to reallocate such 2017-1 Lease and the related 2017-1 Vehicle from the 2017-1 SUBI to the UTI. After such 2017-1 Lease and related 2017-1 Vehicle has been reallocated to the UTI, the Servicer may cause such 2017-1 Lease and 2017-1 Vehicle to be conveyed to the Servicer as described in Section 2.3. (b) The Servicer will be required to reallocate or cause to be reallocated a 2017-1 Vehicle before the Maturity Date of the related 2017-1 Lease and remit to the 2017-1 SUBI Collection Account an amount equal to the Securitization Value of that 2017-1 Lease as of the effective date of termination if the Servicer agrees with the related Lessee to a change in the Lease Rate applicable to that 2017-1 Lease and that change results in a change to the Contract Residual Value and/or the related Lease Term.
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Extensions; Monthly Payments; Term. (a) Consistent with its customary servicing practices, the Servicer may, in its discretion, modify or extend the term of a 2014-1 Lease or re-lease a 2014-1 Lease; provided, that if (i) the Servicer makes an extension that exceeds six months or (ii) the related 2014-1 Lease as extended would mature later than the last day of the Collection Period preceding the Class A-4 Note Final Scheduled Payment Date or the 2014-1 Vehicle is re-leased, the Servicer shall, on the Deposit Date related to the Collection Period in which the Servicer discovers or is notified that such event described in clauses (i) or (ii) has occurred, (x) deposit or cause to be deposited into the 2014-1 SUBI Collection Account an amount equal to the Securitization Value (with respect to extensions) or the Contract Residual Value (with respect to re-leases) of the related 2014-1 Lease as of the last day of the related Collection Period and (y) direct the Vehicle Trustee to either reallocate such 2014-1 Lease and the related 2014-1 Vehicle from the 2014-1 SUBI to the UTI or cause such 2014-1 Lease and 2014-1 Vehicle to be conveyed to the Servicer as described in Section 2.3. (b) The Servicer will be required to purchase or cause to be purchased a 2014-1 Vehicle before the Maturity Date of the related 2014-1 Lease and remit to the 2014-1 SUBI Collection Account an amount equal to the Securitization Value of that 2014-1 Lease as of the effective date of termination if the Servicer agrees with the related Lessee to a change in the Lease Rate applicable to that 2014-1 Vehicle and that change results in a change to the Contract Residual Value and/or the related Lease Term.
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Extensions; Monthly Payments; Term. (a) Consistent with its customary servicing practices, the Servicer may, in its discretion, modify or extend the term of a 20[__]-[__] Lease or re-lease a 20[__]-[__] Lease; provided, that if (i) the Servicer makes an extension that exceeds six months or (ii) the related 20[__]-[__] Lease as extended would mature later than the last day of the Collection Period preceding the Class A-4 Note Final Scheduled Payment Date or the 20[__]-[__] Vehicle is re-leased, the Servicer shall, on the Deposit Date related to the Collection Period in which the Servicer discovers or is notified that such event described in clauses (i) or (ii) has occurred, (x) deposit or cause to be deposited into the 20[__]-[__] SUBI Collection Account an amount equal to the Securitization Value (with respect to extensions) or the Contract Residual Value (with respect to re-leases) of the related 20[__]-[__] Lease as of the last day of the related Collection Period and (y) direct the Vehicle Trustee to either reallocate such 20[__]-[__] Lease and the related 20[__]-[__] Vehicle from the 20[__]-[__] SUBI to the UTI or cause such 20[__]-[__] Lease and 20[__]-[__] Vehicle to be conveyed to the Servicer as described in Section 2.3. (b) The Servicer will be required to purchase or cause to be purchased a 20[__]-[__] Vehicle before the Maturity Date of the related 20[__]-[__] Lease and remit to the 20[__]-[__] SUBI Collection Account an amount equal to the Securitization Value of that 20[__]-[__] Lease as of the effective date of termination if the Servicer agrees with the related Lessee to a change in the Lease Rate applicable to that 20[__]-[__] Vehicle and that change results in a change to the Contract Residual Value and/or the related Lease Term.
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Extensions; Monthly Payments; Term. (a) Consistent with its customary servicing practices, the Servicer may, in its discretion, modify or extend the term of a 2024-2 Lease or re-lease a 2024-2 Lease; provided, that if (i) the Servicer makes an extension that exceeds six months or (ii) the related 2024-2 Lease as extended would mature later than the last day of the Collection Period preceding the Class A-4 Note Final Scheduled Payment Date or (iii) the 2024-2 Vehicle is re-leased, the Servicer shall, on the Deposit Date related to the Collection Period in which the Servicer discovers or is notified that such event described in clauses (i), (ii) or (iii) has occurred, (x) deposit or cause to be deposited into the 2024-2 SUBI Collection Account an amount equal to the Securitization Value (with respect to extensions) or the Contract Residual Value (with respect to re-leases) of the related 2024-2 Lease as of the last day of the related Collection Period and (y) direct the Vehicle Trustee to reallocate such 2024-2 Lease and the related 2024-2 Vehicle from the 2024-2 SUBI to the UTI. After such 2024-2 Lease and related 2024-2 Vehicle has been reallocated to the UTI, the Servicer may cause such 2024-2 Lease and 2024-2 Vehicle to be conveyed to the Servicer as described in Section 2.3. (b) The Servicer will be required to reallocate or cause to be reallocated a 2024-2 Vehicle before the Maturity Date of the related 2024-2 Lease and remit to the 2024-2 SUBI Collection Account an amount equal to the Securitization Value of that 2024-2 Lease as of the effective date of termination if the Servicer agrees with the related Lessee to a change in the Lease Rate applicable to that 2024-2 Lease and that change results in a change to the Contract Residual Value and/or the related Xxxxx Xxxx.
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Extensions; Monthly Payments; Term. (a) The Servicer shall not grant an extension except that the Servicer may extend up to six months the Maturity Date of a Lease. In the event (i) the Servicer makes an extension that exceeds six months or (ii) the related [____]-[_] Lease as extended would mature later than three months prior to the Certificate Final Scheduled Payment Date, the Servicer shall, on the Deposit Date related to the Collection Period in which the Servicer discovers or is notified that (i) or (ii) has occurred, (x) deposit or cause to be deposited into the [____]-[_] SUBI Collection Account an amount equal to the Securitization Value of the related [____]-[_] Lease as of the last day of the related Collection Period and (y) direct the Trustee to either reallocate such [____]-[_] Lease and the related [____]-[_] Vehicle from the [____]-[_] SUBI to the UTI or cause such [____]-[_] Lease and [____]-[_] Vehicle to be conveyed to the Servicer as described in Section 2.3. (b) Unless a [____]-[_] Lease is in default or in imminent danger of default, the Servicer shall not (i) modify the Monthly Payment of any [____]-[_] Lease as in effect as of the Cutoff Date, except when implementing in the ordinary course of business the inflation indexing provisions thereof, or (ii) except as set forth in Section 2.2(a), modify the Lease Term of any [____]-[_] Lease as in effect as of the Cutoff Date. In the event the Servicer modifies the Monthly Payment or the Lease Term of any [____]-[_] Lease in effect as of the Cutoff Date except as permitted by the first sentence of this paragraph 2.2(b), the Servicer shall, on the Deposit Date related to the Collection Period in which such modification occurs, (i) deposit or cause to be deposited into the [____]-[_] SUBI Collection Account an amount equal to the Securitization Value of the related [____]-[_] Lease as of the last day of the related Collection Period and (ii) direct the Trustee to either reallocate such [____]-[_] Lease and the related [____]-[_] Vehicle from the [____]-[_] SUBI to the UTI or cause such [____]-[_] Lease and [____]-[_] Vehicle to be conveyed to the Servicer as described in Section 2.3.
Sample 1
Extensions; Monthly Payments; Term. (a) Consistent with its customary servicing practices, the Servicer may, in its discretion, modify or extend the term of a 2007-1 Lease or re-lease a 2007-1 Lease; provided, that if (i) the Servicer makes an extension that exceeds six months or (ii) the related 2007-1 Lease as extended would mature later than three months prior to the Class A-3 Final Scheduled Payment Date or the 2007-1 Vehicle is re-leased, the Servicer shall, on the Deposit Date related to the Collection Period in which the Servicer discovers or is notified that such event described in clauses (i) or (ii) has occurred, (x) deposit or cause to be deposited into the 2007-1 SUBI Collection Account an amount equal to the Securitization Value (with respect to extensions) or the Contract Residual Value (with respect to re-leases) of the related 2007-1 Lease as of the last day of the related Collection Period and (y) direct the Vehicle Trustee to either reallocate such 2007-1 Lease and the related 2007-1 Vehicle from the 2007-1 SUBI to the UTI or cause such 2007-1 Lease and 2007-1 Vehicle to be conveyed to the Servicer as described in Section 2.3.
Sample 1
Extensions; Monthly Payments; Term. (a) The Servicer shall not grant an extension except that the Servicer may extend up to six months the Maturity Date of a Lease. In the event the Servicer makes an extension that exceeds six months, it shall, on the Deposit Date related to the Collection Period in which the Servicer discovers or is notified that such Extension exceeds six months, (i) deposit or cause to be deposited into the 2000-A SUBI Collection Account an amount equal to the Securitization Value of the related 2000-A Lease as of the last day of the related Collection Period and (ii) direct the Trustee to either reallocate such 2000-A Lease and the related 2000-A Vehicle from the 2000-A SUBIs to the UTI or cause such 2000-A Lease and 2000-A Vehicle to be conveyed to the Servicer as described in Section 2.3. The Servicer will be required to make a Reallocation Payment for any extension that causes the related Leases to mature after the Certificate Final Scheduled Maturity Date. (b) Unless a 2000-A Lease is in default or in imminent danger of default, the Servicer shall not (i) modify the Monthly Payment of any 2000-A Lease as in effect as of the Cutoff Date, except when implementing in the ordinary course of business the inflation indexing provisions thereof, or (ii) except as set forth in Section 2.2(a), modify the Lease Term of any 2000-A Lease as in effect as of the Cutoff Date. In the event the Servicer modifies the Monthly Payment or the Lease Term of any 2000-A Lease in effect as of the Cutoff Date except as permitted by the first sentence of this paragraph 2.2(b), the Servicer shall, on the Deposit Date related to the Collection Period in which such modification occurs, (i) deposit or cause to be deposited into the 2000-A SUBI Collection Account an amount equal to the Securitization Value of the related 2000-A Lease as of the last day of the related Collection Period and (ii) direct the Trustee to either reallocate such 2000-A Lease and the related 2000-A Vehicle from the 2000-A SUBIs to the UTI or cause such 2000-A Lease and 2000-A Vehicle to be conveyed to the Servicer as described in Section 2.3.
Sample 1
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Related to Extensions; Monthly Payments; Term

  • Monthly Payments On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw and the Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or the related Distribution Date, as applicable, to the extent of available funds, the amounts required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Funding Account and the Distribution Account as follows: (a) A n amount equal to the Class A Available Funds deposited into the Finance Charge Account for the related Monthly Period will be distributed on each Transfer Date in the following priority: (i) an amount equal to Class A Monthly Interest for such Transfer Date, plus the amount of any Class A Deficiency Amount for such Transfer Date, plus the amount of any Class A Additional Interest for such Transfer Date, shall be deposited by the Servicer or the Trustee into the Distribution Account; (ii) an amount equal to the Net Swap Payment, if any, for such Transfer Date, plus the amount of any Net Swap Payments previously due but not paid to the Swap Counterparty shall be distributed to the Swap Counterparty; (iii) an amount equal to the Class A Servicing Fee for such Transfer Date plus the amount of any Class A Servicing Fee due but not paid to the Servicer on any prior Transfer Date shall be distributed to the Servicer; (iv) an amount equal to the Class A Investor Default Amount, if any, for the preceding Monthly Period shall be treated as a portion of Investor Principal Collections and deposited into the Principal Account on such Transfer Date; and (v) the balance, if any, shall constitute Excess Spread and shall be allocated and distributed as set forth in Section 4.11. (b) An amount equal to the Class B Available Funds deposited into the Finance Charge Account for the related Monthly Period will be distributed on each Transfer Date in the following priority: (i) an amount equal to the Class B Monthly Interest for such Transfer Date, plus the amount of any Class B Deficiency Amount for such Transfer Date, plus the amount of any Class B Additional Interest for such Transfer Date, shall be deposited by the Servicer or the Trustee into the Distribution Account; (ii) an amount equal to the Class B Servicing Fee for such Transfer Date, plus the amount of any Class B Servicing Fee due but not paid to the Servicer on any prior Transfer Date for such Transfer Date shall be distributed to the Servicer; and (iii) the balance, if any, shall constitute Excess Spread and shall be allocated and distributed as set forth in Section 4.11. (c) An amount equal to the Collateral Available Funds deposited into the Finance Charge Account for the related Monthly Period will be distributed on each Transfer Date in the following priority: (i) if the Seller or The Bank of New York is no longer the Servicer, an amount equal to the Collateral Interest Servicing Fee for such Transfer Date plus the amount of any Collateral Interest Servicing Fee due but not paid to the Servicer on any prior Transfer Date shall be distributed to the Servicer; and (ii) the balance, if any, shall constitute Excess Spread and shall be allocated and distributed as set forth in Section 4.11. (d) During the Revolving Period, an amount equal to the Available Investor Principal Collections deposited into the Principal Account for the related Monthly Period will be distributed on each Transfer Date in the following priority: (i) an amount equal to the lesser of (A) the product of (1) a fraction, the numerator of which is equal to the Available Investor Principal Collections for such Transfer Date and the denominator of which is equal to the sum of the Available Investor Principal Collections available for sharing as specified in the related Series Supplement for each Series in Group One and (2) the Cumulative Series Principal Shortfall and (B) Available Investor Principal Collections, shall remain in the Principal Account to be treated as Shared Principal Collections and applied to Series in Group One other than this Series 1999-G; and (ii) an amount equal to the excess, if any, of (A) the Available Investor Principal Collections for such Transfer Date over (B) the applications specified in subsection 4.09(d)(i) above shall be paid to the Holder of the Seller Interest; provided, however, that the amount to be paid to the Holder of the Seller Interest pursuant to this subsection 4.09(d)(ii) with respect to such Transfer Date shall be paid to the Holder of the Seller Interest if, and only to the extent that, the Seller Interest on such Date of Processing is equal to or greater than the Minimum Seller Interest (after giving effect to the inclusion in the Trust of all Receivables created on or prior to such Transfer Date and the application of payments referred to in subsection 4.03(b)) and otherwise shall be considered as Unallocated Principal Collections and deposited into the Principal Account in accordance with subsection 4.05(e).

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.

  • Required Payments; Termination Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

  • Payments Terms A. The County shall make payments upon the agreed upon price for a specific Job Order as listed in the Notice to Proceed. The County will make progress payments monthly as the Work proceeds on estimates approved by County Project Manager. The Contractor shall furnish a breakdown of the total Contract price showing the amount included therein for each principal category of the Work, to provide a basis for determining progress payments. The County will only pay for actual Work in place. B. Lump sum payment - if an individual Job Order is scheduled for Completion within 45 days or less, the County will make one payment after 30 days of Work to the Contractor, exclusive of retention. Contractor may request for one payment (including retention payment); however, payment will be made after Final Acceptance of the Job Order. C. Partial payment – the County will consider a request for partial payments for Job Orders scheduled for a performance period of greater than 45 days. D. Retention - When payments are made under this Contract, five percent (5%) of each requested and approved payment will be retained. The retention will be released upon Final Acceptance of the Work, and the County’s approval on the final payment request. A Notice of Completion for each individual Job Order must be filed. Final payment is to be made 35 days subsequent to the filing of the Notice of Completion.

  • Non-Business Day Payments Whenever any payment shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided, however, that if such extension would cause payment of interest on or principal of Eurodollar Rate Advances to be made in the next following calendar month, such payment shall be made on the next preceding Business Day.

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of (A) the Principal Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that after the date on which an amount of such Collections equal to the Adjusted Invested Amount has been deposited into the Collection Account and allocated to the Series 1997-1 Certificateholders, such amount shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Optional Prepayments with Make-Whole Amount The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than 5% of the aggregate principal amount of the Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of Notes written notice of each optional prepayment under this Section 8.2 not less than 10 days and not more than 60 days prior to the date fixed for such prepayment unless the Company and the Required Holders agree to another time period pursuant to Section 17. Each such notice shall specify such date (which shall be a Business Day), the aggregate principal amount of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

  • Scheduled Payments No Receivable has a final scheduled payment date later than six months preceding the Final Scheduled Maturity Date.

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • Payment Due Date Unless City notifies the Contractor that a dispute exists, Payment shall be made within [Enter number of days, generally ≥ 30] calendar days, measured from (1) the delivery of goods and/or the rendering of services or (2) the date of receipt of the invoice, whichever is later. Payment is deemed to be made on the date on which City has issued a check to Contractor or, if Contractor has agreed to electronic payment, the date on which City has posted electronic payment to Contractor.

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