Holdback Requirement definition

Holdback Requirement means, on each Payment Date, the amount designated as such in the Series Certificate Agreement; provided, however, that the Holdback Requirement may be changed by Xxxxxxx Mac in accordance with the Series Certificate Agreement or the Registered Holders of not less than 51% of the Aggregate Outstanding Class B Certificate Balance with the written consent of Xxxxxxx Mac, by written notice to the Administrator not less than ten (10) Business Days prior to any Payment Date.
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Holdback Requirement. ' means, on each Payment Date, the amount designated as such in the Series CertiÑcate Agreement; provided, however, that the Holdback Requirement may be changed by the Registered Holders of not less than 51% of the Aggregate Outstanding Class B CertiÑcate Balance with the written consent of Freddie Mac, by written notice to the Administrator not less than ten (10) Business Days prior to any Payment Date.
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Holdback Requirement means the amount necessary to be retained in the Bond Payment Subaccount – Holdback after the payments indicated in Section 4.03(a)(i) – (vii) of the Standard Terms have been made, which amount is indicated with respect to each Payment Date on Schedule 2 attached hereto. The Holdback Requirement with respect to any Payment Date shall be revised by the Administrator in accordance with the written directions of Fxxxxxx Mac following the receipt of any subsequent deposit to the Bond Payment Subaccount – Holdback from or on behalf of the Sponsor or as otherwise instructed by Fxxxxxx Mac.
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Examples of Holdback Requirement in a sentence

  • U.S. Bank responded to Syncora’s June 17 letter by informing Syncora that,[i]n the normal course of events, U.S. Bank as Custodian would advise the City [that the funds in the General Receipts Subaccount exceeded the City’s monthly swaps payment], receive from the City a like amount which would be credited to the Holdback Account (the monthly ‘City Payment’), and then remit to the City the Holdback Requirement Amount from the General Receipts Subaccount.

  • Section 2.2.8 Holdback Requirement, indicates a 20% holdback on payments with a proposed release schedule for the balance, Section 8 J) 2) of the Information Processing Systems Agreement indicates a 10% holdback with a proposed release schedule for the balance.

  • If the Company determines that the Holdback Requirement has not been met, then the Company shall have no further obligations under this Section 3.2, and such Holdback Cash shall be deemed forfeited by the Classics Shareholders and shall become the property of the Company (the “Holdback Termination Right”).

  • In the Operating Day, any Holdback Requirement set on the Preschedule Day, “will be converted, to the extent it is still needed, to an Energy Deployment.”151 As explained above, each Participant in a deficit position must confirm to WPP, by no later than 120 minutes before the applicable hour, the quantity of Energy Deployment it requires for that 145 Cates Aff.

  • When Participants who have exercised this option are assigned Holdback Requirements to support neighbors in their subregion, the Participant is eligible to request Holdback Capacity from the other subregion (𝐻𝑜𝑙𝑑𝑏𝑎𝑐𝑘𝑂𝑂𝑆) for import on their demonstrated transmission rights as follows: 𝐻𝑜𝑙𝑑𝑏𝑎𝑐𝑘𝑜𝑠 ≤ min {𝑇𝑟𝑎𝑛𝑠𝑚𝑖𝑠𝑖𝑜𝑛1−𝑓𝑜𝑟−1, 𝐻𝑜𝑙𝑑𝑏𝑎𝑐𝑘𝐴)where 𝐻𝑜𝑙𝑑𝑏𝑎𝑐𝑘𝐴 is the amount of Holdback Requirement assigned to the Participant who has exercised this option.

  • In March 2012, Treasury Strategies issued a response to the SEC’s idea of a holdback provision, Proposed Holdback Requirement for Money Market Mutual Funds: Ineffective and Crippling Regulation.

  • As Mr. Cates explains, the Operations Program’s Holdback Requirement “effectively sets aside a portion of capacity held by Participants that are net positive [for a given Sharing Event] for expected use [in the form of an Energy Deployment] by the Participants that are net negative” for that same event.144 Mr. Cates reviews the Tariff’s proposed Holdback Requirement formula, and observes that, “the Holdback Requirement 137 Cates Aff.

  • The timing of the two sales is the same—i.e., the foregone block sale must include the hour of the Energy Deployment sale—and the quantity is the same—i.e., the day-ahead block sale must have a megawatt (“MW”) value equal to the maximum amount of Holdback Requirement for the hours in the block.

  • A planned outage shall not justify a waiver of, or exception to, a Participant’s Holdback Requirement or Energy Deployment obligations.A Participant’s FS Demonstration shall include information on all Qualifying Resources that are out of service at the time of the FS Deadline that plan to return to service after the first five days of the Binding Season.

  • The Tariff prescribes44 that the Make-Whole Adjustment is applied in the event that the settlement revenue and the estimated value of the non-dispatched energy is less than the estimated revenues the selling entity would have received had such entity not been subject to a Holdback Requirement and had sold a day-ahead block of energy with a MW value equal to the maximum amount of Holdback Requirement for the hours in the block.

Related to Holdback Requirement

  • Qualified escrow fund means an escrow arrangement with a federally or state-chartered financial institution having no affiliation with any tobacco product manufacturer and having assets of at least one billion dollars where such arrangement requires that such financial institution hold the escrowed funds’ principal for the benefit of releasing parties and prohibits the tobacco product manufacturer placing the funds into escrow from using, accessing, or directing the use of the funds’ principal except as consistent with section 453C.2, subsection 2, paragraph “b”.

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Required Repair Fund shall have the meaning set forth in Section 7.1.1 hereof.

  • Holdback has the meaning set forth in Section 4.1(d)(i).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnity Escrow Amount means $3,000,000.

  • Qualifying condition means a condition described in Section 26-61a-104.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Holdback Amount has the meaning set forth in Section 2.1(c).

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • Maximum Tender Condition has the meaning specified in Section 2.17(b).

  • Minimum Condition has the meaning set forth in Annex I.

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Nonconforming zoning condition means a physical improvement on a property that does not conform with current zoning standards.

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • Required Repairs shall have the meaning set forth in Section 7.1.1 hereof.

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Reserve Account Requirement means, with respect to the Closing Date and any Distribution Date, an amount equal to the lesser of: (A) 2.0% of the sum of (x) the initial Class A Note Balance, (y) the initial Class B Note Balance and (z) the initial Class C Note Balance; and (B) the sum of (x) the Class A Note Balance on such Distribution Date, (y) the Class B Note Balance on such Distribution Date and (z) the Class C Note Balance on such Distribution Date, after giving effect to the payment of principal on such Distribution Date.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Minimum Hourly Work Requirement means the work hours over a given time period that are required of you by your Employer in order to be eligible for coverage. Your Minimum Hourly Work Requirement is specified in the Schedule of Benefits.

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).