Initial Tax Lien Principal Balance definition

Initial Tax Lien Principal Balance. In respect of a given Tax Lien, the Redemptive Value of such Tax Lien as of the applicable Sale Date, as set forth in the Tax Lien Schedule.
Sample 1Sample 2
Initial Tax Lien Principal Balance. The applicable Sale Date Tax Lien Principal Balance.
Sample 1

Examples of Initial Tax Lien Principal Balance in a sentence

  • The Performance Criterion is as follows: by the second anniversary of the Second Sale Date, the Servicer shall have collected 40% of the Initial Tax Lien Principal Balance of the Tax Liens being serviced hereunder as of such anniversary; or by the fourth anniversary of the Second Sale Date, the Servicer shall have collected 70% of the Initial Tax Lien Principal Balance of the Tax Liens being serviced hereunder as of such anniversary.

  • The Performance Criterion is as follows: by the second anniversary of the applicable Conveyance Date, the Servicer shall have collected 40% of the Initial Tax Lien Principal Balance of the related Tax Liens being serviced hereunder as of such anniversary; or by the fourth anniversary of the applicable Conveyance Date, the Servicer shall have collected 70% of the Initial Tax Lien Principal Balance of the related Tax Liens being serviced hereunder as of such anniversary.

Related to Initial Tax Lien Principal Balance

  • Subsidiary means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

  • Effective Date has the meaning set forth in the preamble.

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Department means the department of health.

  • Affiliate of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, "control" when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms "controlling" and "controlled" have meanings correlative to the foregoing.

  • Agreement has the meaning set forth in the preamble.

  • Company has the meaning set forth in the Preamble.

  • Board means the Board of Directors of the Company.

  • Contract means the written agreement entered into between the purchaser and the supplier, as recorded in the contract form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein.

  • Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

  • Services means those functional services ancillary to the supply of the goods, such as transportation and any other incidental services, such as installation, commissioning, provision of technical assistance, training, catering, gardening, security, maintenance and other such obligations of the supplier covered under the contract.

  • Confidential Information has the meaning set forth in Section 6.1.