Source for Payment; Limited Recourse Sample Clauses

Source for Payment; Limited Recourse. The 2018-B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 2018-B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 2018-B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 2018-B Reference Pool from and after the related Cutoff Date. Recourse for the 2018-B Exchange Noteholder will be limited to the 2018-B Reference Pool.
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Source for Payment; Limited Recourse. The 2019-B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 2019-B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 2019-B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 2019-B Reference Pool from and after the related Cutoff Date. Recourse for the 2019-B Exchange Noteholder will be limited to the 2019-B Reference Pool.
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Source for Payment; Limited Recourse. The 2024-B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 2024-B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 2024-B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 2024-B Reference Pool from and after the related Cutoff Date. Recourse for the 2024-B Exchange Noteholder will be limited to the 2024-B Reference Pool.
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Source for Payment; Limited Recourse. The 20 - Exchange Note will be payable solely from Collections on the Leases and Leased Vehicles allocated to the 20 - Reference Pool, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 20 - Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the Collections that are for the 20 - Reference Pool, the Leases and Leased Vehicles will be deemed to have been allocated to the 20 - Reference Pool from and after the related Cutoff Date. Recourse for the 20 - Exchange Noteholder will be limited to the 20 - Reference Pool.
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Source for Payment; Limited Recourse. The 2016-A Exchange Note will be payable solely from Collections on the Leases and Leased Vehicles allocated to the 2016-A Reference Pool, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 2016-A Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the Collections that are for the 2016-A Reference Pool, the Leases and Leased Vehicles will be deemed to have been allocated to the 2016-A Reference Pool from and after the related Cutoff Date. Recourse for the 2016-A Exchange Noteholder will be limited to the 2016-A Reference Pool.
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Related to Source for Payment; Limited Recourse

  • ADVANCE PAYMENT PROHIBITED Except as authorized by law, Contractor shall not request or receive advance payment for any Goods and/or Services furnished by Contractor pursuant to this Contract.

  • Application for Payment The form acceptable to Owner that is to be used by the Contractor during the course of the Work in requesting payment from the Owner and that is to be accompanied by such supporting documentation as is required by the Contract Documents.

  • Application of this Revenue Sharing Agreement to Notes The terms of this Revenue Sharing Agreement shall apply to each Note as if the terms of this Revenue Sharing Agreement were fully set forth in each Note.

  • Retiree Benefits – Process for Payment Any bargaining unit nurse who retires and wishes to participate in the benefit plans as outlined in article 17.01(h) will provide advance payment of the benefits either through post-dated cheques provided on a yearly basis or through a preauthorized withdrawal process. It is understood that any transaction would be dated the first of each and every month. The Employer will notify the Union of the benefit costs to retired nurses in January of each year, and each time the benefit costs are renegotiated by the Employer.

  • Certain Post-Closing Obligations As promptly as practicable, and in any event within the time periods after the Effective Date specified in Schedule 5.14 or such later date as the Administrative Agent reasonably agrees to in writing, including to reasonably accommodate circumstances unforeseen on the Effective Date, Holdings, the Parent Borrower and each other Loan Party shall deliver the documents or take the actions specified on Schedule 5.14 that would have been required to be delivered or taken on the Effective Date but for the proviso to Section 4.01(f), in each case except to the extent otherwise agreed by the Administrative Agent pursuant to its authority as set forth in the definition of the term “Collateral and Guarantee Requirement”.

  • Limitations on Shared-Loss Payment The Receiver shall not be required to make any payments pursuant to Section 2.1(d) with respect to any Foreclosure Loss, Restructuring Loss, Short Sale Loss, Deficient Loss, or Portfolio Loss that the Receiver determines, based upon the criteria set forth in this Single Family Shared-Loss Agreement (including the analysis and documentation requirements of Section 2.1(a)) or Customary Servicing Procedures, should not have been effected by the Assuming Institution; provided, however, (x) the Receiver must provide notice to the Assuming Institution detailing the grounds for not making such payment, (y) the Receiver must provide the Assuming Institution with a reasonable opportunity to cure any such deficiency and (z) (1) to the extent curable, if cured, the Receiver shall make payment with respect to the properly effected Loss, and (2) to the extent not curable, shall not constitute grounds for the Receiver to withhold payment as to all other Losses (or portion of Losses) that are properly payable pursuant to the terms of this Single Family Shared-Loss Agreement. In the event that the Receiver does not make any payment with respect to Losses claimed pursuant to Section 2.1(d), the Receiver and Assuming Institution shall, upon final resolution, make the necessary adjustments to the Monthly Shared-Loss Amount for that Monthly Certificate and the payment pursuant to Section 2.1(d) above shall be adjusted accordingly.

  • Release for Payment Upon receipt by the Collateral Custodian of the Servicer’s request for release of documents and receipt in the form annexed hereto as Exhibit M (which certification shall include a statement to the effect that all amounts received in connection with such payment or repurchase have been credited to the Collection Account as provided in this Agreement), the Collateral Custodian shall promptly release the related Required Loan Documents to the Servicer.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Indemnity for Performance Agreements The Vendor agrees to indemnify and hold harmless and defend TIPS, TIPS Member(s), officers and employees from and against all claims and suits for damages, injuries to persons (including death), property damages, losses, and expenses including court costs and attorney’s fees, arising out of, or resulting from, Vendor’s work under this Agreement, including all such causes of action based upon common, constitutional, or statutory law, or based in whole or in part, upon allegations of negligent or intentional acts on the part of the Vendor, its officers, employees, agents, subcontractors, licensees, or invitees, unless such claims are based in whole upon the negligent acts or omissions of the TIPS, TIPS Member(s), officers, employees, or agents. If based in part upon the negligent acts or omissions of the TIPS, TIPS Member(s), officers, employees, or agents, Vendor shall be responsible for their proportional share of the claim. By signature hereon, the bidder hereby certifies that he/she is not currently delinquent in the payment of any franchise taxes owed the State of Texas under Chapter 171, Tax Code.

  • Subordinate Certificate Loss Coverage; Limited Guaranty Subject to subsection (c) below, prior to the later of the third Business Day prior to each Distribution Date or the related Determination Date, the Master Servicer shall determine whether it or any Sub-Servicer will be entitled to any reimbursement pursuant to Section 4.02(a) on such Distribution Date for Advances or Sub-Servicer Advances previously made, (which will not be Advances or Sub-Servicer Advances that were made with respect to delinquencies which were subsequently determined to be Excess Special Hazard Losses, Excess Fraud Losses, Excess Bankruptcy Losses or Extraordinary Losses) and, if so, the Master Servicer shall demand payment from Residential Funding of an amount equal to the amount of any Advances or Sub-Servicer Advances reimbursed pursuant to Section 4.02(a), to the extent such Advances or Sub-Servicer Advances have not been included in the amount of the Realized Loss in the related Mortgage Loan, and shall distribute the same to the Class B Certificateholders in the same manner as if such amount were to be distributed pursuant to Section 4.02(a).

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