Liquidity Reserve Test Sample Clauses

Liquidity Reserve Test. On each Calculation Date immediately preceding each anniversary of the Programme Date, the Asset Monitor shall, by no later than ten (10) Busi- ness Days following the receipt of the relevant information to be provided to it pursuant to Clause 4, test the arithmetic accuracy of the calculations performed by the Issuer in relation to the liquidity test set out in article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiele regels Wft) (the "Liquidity Reserve Test") for so long as the Covered Bonds remain outstanding and shall test that K + L + M ≥ N, all in accordance with Schedule 4 to the Asset Monitoring Agreement.
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Liquidity Reserve Test. The CBC (or the Administrator on its behalf) shall conduct the test set out in article 40g of the Wft Prudential Rules Decree (Besluit prudentiële regels Wft) (the "Liquidity Reserve Test") for so long as the Covered Bonds remain outstanding, i.e. whether K + L + M ≥ N, all in accordance with Schedule 4 hereto.
Sample 1Sample 2Sample 3See All (4)
Liquidity Reserve Test. Immediately preceding each anniversary of the Programme Date, the Asset Monitor shall, by no later than ten (10) Business Days following the receipt of the relevant information to be provided to it pursuant to Clause 4, test the arithmetic accuracy of the calculations performed by the Issuer in relation to the liquidity test set out in article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiele regels Wft) (the "Liquidity Reserve Test") with a view to confirm the accuracy (or otherwise) of such calculations. In this respect, the Asset Monitor shall be provided with the figures for the items listed in Clause 4.3 and shall test K + L + M ≥ N. In this Clause 3.3:
Sample 1
Liquidity Reserve Test. The Asset Monitor shall by no later than ten (10) business days following the receipt of the relevant information to be provided to it pursuant to Clause 4 check whether the liquidity test set out in article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiele regels Wft) (the "Liquidity Reserve Test") has been correctly calculated by checking whether K + L + M ≥ N, provided that the Administrator and/or the Issuer have provided the Asset Monitor with all relevant information in relation thereto and has provided the amounts of K, L, M and N and the records on which these have been determined. In this Clause 3.3:
Sample 1
Liquidity Reserve Test. As Asset Monitor, we will establish that the liquidity test as per the Calculation Date as set out in article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiële regels Wft) (the Liquidity Reserve Test) has been calculated in accordance with this article by recalculating whether K + L + M ≥ N.
Sample 1

Related to Liquidity Reserve Test

  • Funding Availability This Contract is at all times subject to state appropriations. The Department makes no express or implied representation or guarantee of continued or future funding under this Contract. The Department has, as of the date of the execution of this Contract, obtained all requisite approvals and authority to enter into and perform its obligations under this Contract, including, without limitation, the obligation to make the initial payment or payments required to be made under this Contract on the date or dates upon which such initial payment or payments may otherwise be disbursed during the current contract period, (i.e., Sept ember 1, 2015, through August 31, 2017). The Grantee acknowledges the Department’s authority to make such payments is contingent upon the Texas Legislature's appropriation to the Department of sufficient funds and the availability of funds to the Department for such purpose. If the State of Texas or the federal government terminates its appropriation through the Department or fails to pay the full amount of the allocation for the operation of any grant or reimbursement program hereunder , or the funds are otherwise unavailable, the Department may immediately and without penalty reduce payments or terminate this Contract, in whole or in part. Upon termination of the Contract or reduction of payments, the Grantee shall return to the Department any unexpended funds already disbursed to the Grantee. Neither the Department nor the State of Texas shall incur liability for damages or any loss that may be caused or associated with such termination or reduction of payments. The Department shall not be required to give prior notice for termination or reduction of payments.

  • Deposit Pay ment of The Fixed Reserve Price 5.1. E-Bidders must make deposit payment as required under the Conditions of Sale attached to Proclamation of Sale, i.e. 10% of the reserve price.

  • Commitment Charge; Credit (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Reserve Fund (a) On the Closing Date, the Seller will deposit the Reserve Fund Initial Deposit into the Reserve Fund from the net proceeds of the sale of the Notes. The Reserve Fund shall be the property of the Issuer subject to the rights of the Indenture Trustee in the Reserve Fund Property.

  • Available Funds-Contingency-Termination a. The State is prohibited by law from making commitments beyond the term of the current State Fiscal Year. Payment to Local Agency beyond the current State Fiscal Year is contingent on the appropriation and continuing availability of Agreement Funds in any subsequent year (as provided in the Colorado Special Provisions). If federal funds or funds from any other non-State funds constitute all or some of the Agreement Funds, the State’s obligation to pay Local Agency shall be contingent upon such non-State funding continuing to be made available for payment. Payments to be made pursuant to this Agreement shall be made only from Agreement Funds, and the State’s liability for such payments shall be limited to the amount remaining of such Agreement Funds. If State, federal or other funds are not appropriated, or otherwise become unavailable to fund this Agreement, the State may, upon written notice, terminate this Agreement, in whole or in part, without incurring further liability. The State shall, however, remain obligated to pay for Services and Goods that are delivered and accepted prior to the effective date of notice of termination, and this termination shall otherwise be treated as if this Agreement were terminated in the public interest as described in §2.C.

  • Fund Availability Financial obligations of the University payable after the current Fiscal Year are contingent upon funds for that purpose being appropriated, budgeted, and otherwise made available.

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