Allocation Agent definition

Allocation Agent means the person specified as such in Schedule 1;

Allocation Agent means the entity designated by the Authority (which may be the Authority) that agrees to control the Allocation Account in trust for the benefit of the Bond Trustee and the Authority Trustee, to accept all payments from or on behalf of Customers for deposit into the Allocation Account, to notify the Servicer on each Business Day of the amount deposited into the Allocation Account on the preceding Business Day, and, to the extent that funds are available in the Allocation Account, to transfer the estimated Charge Collections and Remittance Shortfalls from the Allocation Account to the Collection Account as instructed by the Servicer or the Bond Trustee in writing and to transfer the Estimated Other Payments as instructed by the Authority or the Authority Trustee. The initial Allocation Agent shall be the Authority.

Allocation Agent means a person certified as an allocation agent pursuant to the Gas Customer Transfer and Reconciliation Code issued under the Gas Xxx 0000 (Tas).

Examples of Allocation Agent in a sentence

• The Servicer shall deliver to the Bond Issuer, the Authority, the Bond Trustee, the Administrator, the Allocation Agent and each Rating Agency, promptly after having obtained knowledge thereof, but in no event later than five Business Days thereafter, written notice in an Officer’s Certificate of any event or circumstance which with the giving of notice or passage of time, or both, would become a Servicer Default under Section 6.01.

• The provisions of this Agreement are solely for the benefit of the Servicer, the Bond Issuer, the Authority, the Allocation Agent, the Bondholders, the Bond Trustee and the other Persons expressly referred to herein and such Persons shall have the right to enforce the relevant provisions of this Agreement, except that the Bondholders shall be entitled to enforce their rights against the Servicer under this Agreement solely through a cause of action brought for their benefit by the Bond Trustee.

• Not later than 9:00 a.m. New York time on each Business Day, the Servicer shall provide written notice to the Allocation Agent and the Bond Trustee of the amount that the Allocation Agent is required to remit to the Collection Account on such date (i.e., the Daily Remittance).

• If any True-Up Adjustment described in any such Adjustment Notice filing does not become effective on the applicable date for any reason, the Servicer shall notify the Bond Issuer, the Allocation Agent, the Bond Trustee and the Rating Agencies by the end of the second Business Day after such applicable date.

• As provided in Section 3.03(a), the Servicer shall cause the Allocation Agent to remit the Daily Remittances due on such date to the Bond Trustee for deposit into the Collection Account.

More Definitions of Allocation Agent

Allocation Agent means Citibank N.A., UAE Branch acting in its capacity as allocation agent pursuant to the Allocation Deed;

Allocation Agent is defined in the MSO Rules;

Allocation Agent means the person appointed in accordance with the Downstream Reconciliation Rules who is responsible for determining the quantities of Gas allocated to the Retailer and other System Users at all shared Gas Gates in accordance with the Downstream Reconciliation Rules;

Allocation Agent means the person responsible for allocation in respect of a particular

Allocation Agent means the person performing the sub-ICP reconciliation and settlement functions for the Pilot to allocate physical volumes and financial obligations between Traders and Suppliers;

Allocation Agent means Lehman Brothers Asia Limited or such other party named as

Allocation Agent means the person responsible for allocation in respect of a particular receipt point. An allocation agent will be certified by the Director of Gas, and will operate subject to the terms of the certification.