Mortgages Trustee Revenue Priority of Payments definition

Mortgages Trustee Revenue Priority of Payments means the order in which the Cash Manager will apply the Mortgages Trustee Available Revenue Receipts on each Distribution Date, as set forth in Clause 10 (Distribution of Revenue Receipts) of the Mortgages Trust Deed;
Mortgages Trustee Revenue Priority of Payments means the order in which the Trust Property Cash Manager will apply the Mortgages Trustee Available Revenue Receipts on each Distribution Date, as set out in clause 8.2 (Mortgages Trustee Revenue Priority of Payments) of the Mortgages Trust Deed.
Mortgages Trustee Revenue Priority of Payments means the order in which the Cash Manager

Examples of Mortgages Trustee Revenue Priority of Payments in a sentence

  • On each Distribution Date, the Trust Property Cash Manager shall distribute Mortgages Trustee Available Revenue Receipts in accordance with the Mortgages Trustee Revenue Priority of Payments.

  • Mortgages Trustee Available Revenue Receipts, the Seller Revenue Share, the Issuer Revenue Share and the amounts to be distributed pursuant to each item of the Mortgages Trustee Revenue Priority of Payments (as defined below) will be calculated by the Trust Property Cash Manager on each Trust Calculation Date.

  • The Beneficiaries shall bear such remuneration between them in accordance with the respective proportions of the Issuer Share Percentage and the Seller Share Percentage and payment will be made in accordance with the Mortgages Trustee Revenue Priority of Payments.

  • The cash management fee referred to in Clause 10.1 shall be paid to the Cash Manager in arrear on each Distribution Date in the manner contemplated by and in accordance with the provisions of the Mortgages Trustee Revenue Priority of Payments.

  • Mortgages Trustee Available Revenue Receipts and Mortgages Trustee Principal Receipts:The Trust Property Cash Manager will apply Mortgages Trustee Available Revenue Receipts and Mortgages Trustee Available Principal Receipts on each Distribution Date in accordance with the Mortgages Trustee Revenue Priority of Payments and the Mortgages Trustee Principal Priority of Payments, as set out below.

  • Mortgages Trustee Available Revenue Receipts will be distributed to the Beneficiaries in accordance with the Seller Revenue Share, in the case of the Seller, and the Issuer Revenue Share, in the case of the Issuer, in each case subject to payment of certain amounts in accordance with the Mortgages Trustee Revenue Priority of Payments.

  • Mortgages Trustee Available Revenue Receipts and Mortgages Trustee Available Principal Receipts:The Trust Property Cash Manager will apply Mortgages Trustee Available Revenue Receipts and Mortgages Trustee Available Principal Receipts on each Distribution Date in accordance with the Mortgages Trustee Revenue Priority of Payments and the Mortgages Trustee Principal Priority of Payments, as set out below.

  • The Mortgages Trustee (on behalf of the Beneficiaries) hereby agrees that the charges of the First Mortgages Trustee GIC Account Bank for the operation of the First Mortgages Trustee GIC Account shall be debited from the First Mortgages Trustee GIC Account quarterly in arrears on a date to be agreed between the Mortgages Trustee and First Mortgages Trustee GIC Account Bank from time to time in accordance with the Mortgages Trustee Revenue Priority of Payments.

  • Financial institutions should assess the adequacy of their policies and procedures pertaining to identification records and ensure that all customer records conform to the requirements set out in these guidelines.

Related to Mortgages Trustee Revenue Priority of Payments

  • Guarantee Priority of Payments means the priority of payments relating to moneys received by the Cash Manager for and on behalf of the Guarantor and moneys standing to the credit of the Guarantor Accounts, to be paid on each Guarantor Payment Date in accordance with the Guarantor Agreement.

  • Priority of Payments The meaning specified in Section 11.1(a).

  • Post-Enforcement Priority of Payments means the order of priority pursuant to which the Guarantor Available Funds shall be applied on each Guarantor Payment Date, following the delivery of a Guarantor Default Notice, in accordance with the Intercreditor Agreement.

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Supplemental security income means the program authorized under title XVI of the social security act, 42 USC 1381 to 1383f.

  • Collateral and Guarantee Requirement means, at any time, the requirement that:

  • Supplemental Security Income (SSI) means a program available to certain aged and disabled persons that is administered by the Social Security Administration through the Social Security office.

  • Indenture Trustee Fee means a fee that is separately agreed to between the Master Servicer and the Indenture Trustee.

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

  • Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).

  • Collateral Agent Fees shall have the meaning assigned to such term in Section 2.12(c).

  • First Priority Documents means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • Bond Trustee Fee Agreement means the agreement entered into between the Issuer and the Bond Trustee relating among other things to the fees to be paid by the Issuer to the Bond Trustee for its obligations relating to the Bonds.

  • Collateral Security Documents Any document or instrument given to secure or guaranty the Mortgage Loan, including without limitation, the Mortgage, each as amended, supplemented, assigned, extended or otherwise modified from time to time.

  • Supplemental Collateral Agent has the meaning assigned to that term in subsection 9.1B.

  • Collateral Agent Fee Letter means the fee letter between the Collateral Agent and the Borrower setting forth the fees and other amounts payable by the Borrower to the Collateral Agent, the Custodian and the Securities Intermediary under the Facility Documents, in connection with the transactions contemplated by this Agreement.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Second Priority Documents means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee.

  • First Mortgage Indenture means a first mortgage indenture pursuant to which any Borrower or any Subsidiary of any Borrower may issue bonds, notes or similar instruments secured by a lien on all or substantially all of such Borrower’s or such Subsidiary’s fixed assets, as the case may be.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Discharge of Priority Lien Obligations means the occurrence of all of the following:

  • Collateral Agent Fee means the fee payable to the Collateral Agent in arrears on each Quarterly Payment Date in an amount specified in the Collateral Agent Fee Letter.

  • Guarantee Requirement means, at any time, the requirement that:

  • Senior Collateral Documents means the Security Agreement and the other “Security Documents” as defined in the Credit Agreement, the Pari Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.