Examples of Loss Value Payment in a sentence
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.
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.
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.
We note your disclosure on page 244 that the repurchase, substitution, or payment of a Loss Value Payment obligations will constitute the sole remedy available to the Certificateholders and the trustee under the PSA for any uncured breach of representations and warranties.
The amount of the Partial Loss Value Payment shall equal the amount of the reduction in such Fair Market Sales Value of Buyer’s Transponders as a result of the actual operation and maintenance (but excluding the estimated fuel remaining on the Satellite) and such taking by a Governmental Body, determined as of the Redelivery date, for the avoidance of doubt excluding any component of the reduction in value that relates to a period prior to the Redelivery date.
Casualty Loss Value Payment Date: þ The rent payment date next preceding or coincident with the date of loss (if rent is paid in advance); or o The rent payment date next following the date of loss (if rent is paid in arrears).
The Lessee SLV Factor for each Stipulated Loss Value Date equals the sum of the products, for each Owner Participant, of the Owner Participant's Percentage Interest of such Owner Participant and the Owner Participant's SLV Amount Percentage for such Stipulated Loss Value Payment Date.
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.
Lessee shall pay to Lessor the Partial Loss Value Payment upon the later of the Redelivery date or five (5) days after the Partial Loss Value Payment amount is determined in accordance with the Appraisal Procedure (which procedure shall commence not later than one-hundred-twenty (120) days prior to Redelivery if a payment is reasonably expected to be made under this paragraph or as soon thereafter as is reasonably possible).