Monthly Certificate definition

Monthly Certificate has the meaning provided in Section 2.1(b) of this Single Family Shared-Loss Agreement.

Monthly Certificate means a certificate or certificates, signed by an officer of the Assuming Institution involved in, or responsible for, the administration and servicing of the Shared-Loss Loans, whose name appears on a list provided to the Receiver (as updated by the Assuming Institution as needed from time to time) of servicing officers and the related supporting documentation, setting forth in such form and detail as the Receiver may specify from time to time the items set forth in Section 5.2.

Monthly Certificate is defined in Section 24.4(b) of the Master Lease.

Examples of Monthly Certificate in a sentence

• After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate.

• If the total Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds eighty percent (80%) of that amount.

• In the event that the Receiver does not make any payment with respect to Losses claimed pursuant to Section 2.1(d), the Receiver and Assuming Institution shall, upon final resolution, make the necessary adjustments to the Monthly Shared-Loss Amount for that Monthly Certificate and the payment pursuant to Section 2.1(d) above shall be adjusted accordingly.

• If the Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds ninety-five percent (95%) of that amount.

• Exhibit 1 Monthly Certificate SEE FOLLOWING PAGE CERTIFICATE MONTHLY SUMMARY FOR SINGLE FAMILY ASSETS FDIC - RECEIVER FOR XXXXXXX BANK PURCHASE AND ASSUMPTION AGREEMENT DATED: Jan 1, 2009 Shared-Loss Period Ended: (Dollars) Calculation of Amount Due from (to) FDIC FDIC % Share 0% 80% Total Carry forward from other types of assets: 2.

More Definitions of Monthly Certificate

Monthly Certificate is defined in Section 4.1(a) of the Base Indenture.

Monthly Certificate has the meaning given to it in Section 24.4(b) of the Base Lease.

Monthly Certificate has the meaning provided in Section 2.1(b) of this Single Family Shared-Loss Agreement. Module 1 — Whole Bank w/ Loss Share — P&A Peninsula Bank Version 2.06 Englewood, Florida May 24, 2010 61

Monthly Certificate has the meaning set forth in Section 3.3. "Monthly Employment Incentive Payment" has the meaning set forth in Section 2.2(a)(ii). "NJEA Waiver and Release" has the meaning set forth in Section 4.1. "Pro Rata Factor" has the meaning set forth in Section 3.2(b). "PSEG" means Public Service Electric and Gas Company, a New Jersey corporation, and its successors and assigns. "PSEG Amendment" means that Amendment to Gas Purchase and Sales Agreement between PSE&G and NJEA dated as of August 20, 2003, amending that Gas Purchase and Sales Agreement dated as of May 4, 1989. "Required Levels" has the meaning set forth in Section 3.2(c). "Restructuring Effective Date" shall mean the later of: the "Effective Date" under and as defined in the Amended and Restated Power Purchase Agreement and the "Effective Date" under and as defined in the PSEG Amendment. "Second Component" means $188,679 per month. "Termination Date" has the meaning set forth in Section 3.1. "Utilities Agreement" means the Utilities Agreement dated as of June 16, 2000 by and between Green Tree and the Aqualon Company, a division of Hercules. 2.

Monthly Certificate means the certificate prepared for each Monthly Distribution Date by the Manager pursuant to clause 27.2(b) substantially in the form set out in Schedule 8A (or in such other form as is from time to time agreed between the Manager and the Trustee).

Monthly Certificate is defined in Section 24.4(b) of the Lease.

Monthly Certificate is defined in Section 24.6(vi) of the Lease.