Casualty Loss Value Payment Date definition

Casualty Loss Value Payment Date for each Item of Equipment for which an Event of Loss occurs shall mean the Payment Date for such Item next following the date of such Event of Loss and for each Item of Equipment with respect to which Obligor is exercising its option under Section 25.4 of the Equipment Agreement shall mean the Payment Date on which such option is to be exercised in accordance with such Section 25.4.
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Casualty Loss Value Payment Date for each Item of Equipment for which an Event of Loss occurs means the Payment Date following the sixtieth (60th) day after the date of the Event of Loss.
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Casualty Loss Value Payment Date of each Item of Equipment shall mean the Basic Term Commencement Date for such Item and each monthly anniversary of the Basic Term Commencement Date for such Item and shall be as set forth in the Schedule of Casualty Loss Values attached to the Related Exhibit A for such Item. "CROSS RECEIPT", for any Item of Equipment, means the Cross Receipt executed by the Obligor and the Obligee for the transfer of an interest in such Item of Equipment to Obligee.
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Examples of Casualty Loss Value Payment Date in a sentence

  • In the event an Item of Equipment shall suffer an Event of Loss, then on the Casualty Loss Value Payment Date for such Item, Corporate Obligee and Trust Obligee shall prepay and apply, and there shall become due and payable on the Casualty Loss Value Payment Date for such Item, a principal amount of the A Loans and B Loans, pro rata, equal to the Unamortized Debt Balance with respect to such Item of Equipment and all accrued and unpaid interest thereon.

  • Corporate Obligee shall apply, and there shall become due and payable on the Casualty Loss Value Payment Date for such Item, the Equity Component with respect to such Item of Equipment and all accrued and unpaid amounts set forth in Section 25.1(c) of the Equipment Agreement.

  • Subject to the other Operative Documents, each Certificate Holder shall be entitled to receive on the Casualty Loss Value Payment Date of an Item of Equipment or on the date an Item of Equipment is sold by Trustee, its Pro Rata Share of the Equity Component of such Item of Equipment and on the Termination Date of an Item of Equipment its Pro Rata Share of any Deficiency then due under the Lease Agreement net of any amounts due the Lenders.

  • In the event an Item of Equipment shall suffer an Event of Loss, then on the Casualty Payment Loss Value Date for such Item Obligee shall prepay and apply, and there shall become due and payable on the Casualty Loss Value Payment Date for such Item, a principal amount of the Loan equal to the Unamortized Debt Balance with respect to such Item of Equipment and all accrued and unpaid interest thereon.

  • Schedule D to Equipment Agreement Supplement [FORM OF] CASUALTY LOSS VALUES Casualty Loss Value Payment Date in Percentage of Acquisition Cost Month 4 Month 6 Month 9 Month 12 Month 15 Month 18 Month 21 Month 24 Month 27 Month 30 Month 33 Month 36 Month 39 Month 42 Month 45 Month 48 Month 51 Month 54 52 Month 57 Month 60 All Casualty Loss Value Payment Date ranges in the left hand column are inclusive.


More Definitions of Casualty Loss Value Payment Date

Casualty Loss Value Payment Date is defined in Section 16(c) of the Asset Use Agreement.
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Casualty Loss Value Payment Date for each Item of Equipment for which an Event of Loss occurs shall mean the Payment Date for such Item next following the date of such Event of Loss. "Certificate of Costs" means a certificate by Obligor executed by a Responsible Officer certifying Obligor's original purchase price and date of purchase of each Item of Equipment to be sold by Obligor to Obligee under the Participation Agreement in the form of Exhibit B to the Participation Agreement. "Closing Date" means the first Funding Date. "Code" means the Internal Revenue Code of 1986, as the same may be amended from time to time, or any comparable successor law. "Collateral" has the meaning set forth in Section 7.1 of the Participation Agreement. "Commercial Paper Margin" means the commercial paper margin set forth in the Program Administration Letter expressed as an annual percentage rate calculated to the seventh decimal place. "Commercial Paper Notes" means short term promissory notes issued or to be issued by Lender to fund its investment in, or the make of, the Loans, with maturities of one (1) to ninety (90) days selected by Obligor, Obligee and Lender, provided however, for so long as a Loan Default has occurred and is continuing the maturities shall be selected by Lender in its sole discretion. "Commercial Paper Rate" except as otherwise provided in the Program Administration Letter, means for any period the sum of (a) the rate or yield (or if more than one rate or yield, the weighted average of the rates or yields) at which Commercial Paper Notes of Lender have been sold by Lender or any placement agent or commercial paper dealer selected by Lender, as agreed between each such dealer or agent and Lender, for the purpose of financing a Loan, plus (b) the commissions and charges charged by such placement agent or dealer with respect to such Commercial Paper Notes, plus (c) the Commercial Paper Margin. "Commerzbank" means Commerzbank Aktiengesellschaft, New York Branch.
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Casualty Loss Value Payment Date of each Item of Equipment shall ---------------------------------- mean the Basic Term Commencement Date for such Item and each monthly anniversary of the Basic Term Commencement Date for such Item and shall be as set forth in the Schedule of Casualty Loss Values attached to the Related Exhibit A for such Item.
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Related to Casualty Loss Value Payment Date

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Price Differential Payment Date means, with respect to a Purchased Mortgage Loan, the 5th day of the month following the related Purchase Date and each succeeding 5th day of the month thereafter; provided, that, with respect to such Purchased Mortgage Loan, the final Price Differential Payment Date shall be the related Repurchase Date; and provided, further, that if any such day is not a Business Day, the Price Differential Payment Date shall be the next succeeding Business Day.

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Change of Control Payment Date has the meaning provided in Section 4.15.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Applicable Monthly Payment For any Mortgage Loan (including an Outside Serviced Mortgage Loan) with respect to any month (including any such Mortgage Loan as to which the related Mortgaged Property has become an REO Property), the Monthly Payment; provided, however, that for purposes of calculating the amount of any P&I Advance required to be made by the Master Servicer or the Trustee, notwithstanding the amount of such Applicable Monthly Payment, interest shall be calculated at the Mortgage Rate less the Servicing Fee Rate and, if applicable, shall be exclusive of Excess Interest; and provided, further, that for purposes of determining the amount of any P&I Advance, the Monthly Payment shall be as reduced pursuant to any modification of a Mortgage Loan pursuant to Section 3.24 of this Agreement or pursuant to the applicable Outside Servicing Agreement, or pursuant to any bankruptcy, insolvency, or other similar proceeding involving the related Mortgagor.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Loss Payment Date has the meaning specified in Section 7.05(a) of the Indenture.

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Loan Payment Date means any date on which any Bond Service Charges are due and payable.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Prepaid Monthly Payment Any Monthly Payment received prior to its scheduled Due Date, which is intended to be applied to a Mortgage Loan on its scheduled Due Date and held in the related Custodial Account for P&I until the Withdrawal Date following its scheduled Due Date.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Scheduled Payment Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Early Payment Date (k) means the "Early Payment Date (k)" as specified in § 1 of the Product and Underlying Data.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Special Payment Date means each Distribution Date with respect to the Early Amortization Period.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Scheduled Final Payment Date means, with respect to each Tranche of Securitization Bonds, the date when all interest and principal is scheduled to be paid with respect to that Tranche in accordance with the Expected Amortization Schedule, as specified in the Series Supplement. For the avoidance of doubt, the Scheduled Final Payment Date with respect to any Tranche shall be the last Scheduled Payment Date set forth in the Expected Amortization Schedule relating to such Tranche. The “last Scheduled Final Payment Date” means the Scheduled Final Payment Date of the latest maturing Tranche of Securitization Bonds.