Examples of Asset Monitoring Agreement in a sentence
Asset Monitoring Agreement means the asset monitoring agreement dated the Programme Date between the Administrator, the Issuer, the CBC and the Security Trustee as the same may be amended and/or supplemented and/or restated and/or novated or otherwise modified from time to time.
Asset Percentage means 93.5% or such other percentage figure as is determined from time to time in accordance with the Asset Monitoring Agreement.
Failure by the CBC to sell or refinance Selected Transferred Assets in accordance with the Asset Monitoring Agreement (as described below) will not constitute a CBC Event of Default.
Failure by the CBC to sell or refinance Selected Transferred Assets in the portfolio in accordance with the Asset Monitoring Agreement (as described below) will not constitute a CBC Event of Default.
Asset Percentage means 94.3% or such other percentage figure as is determined from time to time in accordance with the Asset Monitoring Agreement.
Unless a Breach of Asset Cover Test has occurred, the Asset Monitor will carry out procedures on the arithmetic accuracy of the calculations performed by the Administrator in respect of the Asset Cover Test once each year on the Calculation Date immediately preceding each anniversary of the Programme Date and more frequently in certain circumstances as set out in the Asset Monitoring Agreement.
Failure by the CBC to sell or refinance Selected Transferred Assets in accordance with the Asset Monitoring Agreement will not constitute a CBC Event of Default.
The Administrator shall on behalf of the CBC conduct the Asset Cover Test, the Amortisation Test and the Liquidity Reserve Test and where required give any and all related notices, with a copy to the CBC, all in accordance with the Asset Monitoring Agreement.
Unless a Breach of Asset Cover Test has occurred, the Asset Monitor will carry out procedures on the arithmetic accuracy of the calculations performed by the Administrator in respect of the Asset Cover Test once each year on the Calculation Date immediately preceding each anniversary of the Programme Date and more frequently in certain circumstances set out in the Asset Monitoring Agreement.
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