Ownership Income Requirement definition

Ownership Income Requirement. ’ means, in respect of (i) a Series for a Reporting Period, an amount specified as such to be calculated or otherwise determined pursuant to the related Series Purchase Agreement, plus (without duplication) the amount of Pool Expenses in respect of the Series for such Reporting Period; and (ii) a Series held by the Trust for a Reporting Period, an amount, which is not less than zero and is equal to the sum of (x) the related Series Interest and Additional Funding Expenses, if any, in respect of the related Reporting Day, and
Sample 1
Ownership Income Requirement means, in respect of a Series for a Reporting Period, an amount specified as such to be calculated or otherwise determined pursuant to the related Series Purchase Agreement, plus (without duplication) the amount of Pool Expenses determined pursuant to Section 3.8(1) in respect of the Series for such Reporting Period.
Sample 1
Ownership Income Requirement means, in respect of the Series 2023-2 Ownership Interest for a Reporting Period, the amount determined as such in accordance with Section 5.1;
Sample 1

Examples of Ownership Income Requirement in a sentence

  • These amounts will vary from time to time depending upon, among other things, the remaining period to maturity of such Series at that time.During the Revolving Period for each Series, the Co-Owner of a Series will only receive that portion of its Ownership Allocable Collections as is required to satisfy its Ownership Income Requirement and to pay certain other amounts, in each case, as specified in the related Series Purchase Agreement.

  • REMITTANCES GeneralEach Series Purchase Agreement will set out the Ownership Income Requirement of, and amounts required to be paid on account of principal on, the related Series.

  • During the Revolving Period for each Series, the Co-Owner of a Series will only receive that portion of its Ownership Allocable Collections as is required to satisfy its Ownership Income Requirement and to pay certain other amounts, in each case, as specified in the related Series Purchase Agreement.

  • REMITTANCES‌ General‌ Each Series Purchase Agreement will set out the Ownership Income Requirement of, and amounts required to be paid on account of principal on, the related Series.

  • REMITTANCES‌General‌Each Series Purchase Agreement will set out the Ownership Income Requirement of, and amounts required to be paid on account of principal on, the related Series.

  • REMITTANCESGeneralEach Series Purchase Agreement will set out the Ownership Income Requirement of, and amounts required to be paid on account of principal on, the related Series.

  • All investment income received by the Series 2023-1 Co-Owner in respect of amounts on deposit in (i) the Accumulations Account, shall be transferred to the Accumulations Account on each Transfer Date and included in the determination of the Ownership Income Requirement of the Series 2023-1 Ownership Interest pursuant to Section 5.1(2), and (ii) the Cash Reserve Account, shall be dealt with in accordance with Section 6.1(6).

  • Section 5.1. Determination of the Ownership Income Requirement of the Series 2023-1 Ownership Interest.

  • All investment income received by the Series 2023-2 Co-Owner in respect of amounts on deposit in (i) the Accumulations Account, shall be transferred to the Accumulations Account on each Transfer Date and included in the determination of the Ownership Income Requirement of the Series 2023-2 Ownership Interest pursuant to Section 5.1(2), and (ii) the Cash Reserve Account, shall be dealt with in accordance with Section 6.1(6).

Related to Ownership Income Requirement

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • 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.

  • 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).

  • Risk Retention Requirements means the credit risk retention requirements of Section 15G of the Exchange Act (15 U.S.C. §78o-11), as added by Section 941 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act.

  • Special Tax Requirement means that amount required in any Fiscal Year to: (i) pay debt service on all Outstanding Bonds; (ii) pay periodic costs on the Bonds, including but not limited to, credit enhancement and rebate payments on the Bonds; (iii) pay Administrative Expenses; (iv) pay any amounts required to establish or replenish any reserve funds for all Outstanding Bonds; (v) pay directly for the acquisition or construction of facilities authorized to be financed by IA No. 2 to the extent that inclusion of such amount does not increase the Special Tax levy on Undeveloped Property; and (vi) pay for reasonably anticipated Special Tax delinquencies based on the historical delinquency rate for IA No. 2 as determined by the CFD Administrator; less (vii) a credit for funds available to reduce the annual Special Tax levy, as determined by the CFD Administrator pursuant to the Indenture.

  • REIT Requirements has the meaning set forth in Section 5.2.

  • Listing Requirements means the Main Market Listing Requirements of Bursa Securities.

  • Beneficial Ownership Regulation means 31 C.F.R. § 1010.230.

  • Mandatory City Requirements means those City laws set forth in the San Francisco Municipal Code, including the duly authorized rules, regulations, and guidelines implementing such laws that impose specific duties and obligations upon Contractor.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • Storage Injection Requirements means all volumes required by the Seller for injection into underground storage, including cushion gas, and for liquification, including fuel used for injection and in liquification plants, or for such other storage projects that may be developed expressly for the protection of supply to high priority users.

  • Risk-Based Capital Guidelines means (i) the risk-based capital guidelines in effect in the United States on the date of this Agreement, including transition rules, and (ii) the corresponding capital regulations promulgated by regulatory authorities outside the United States implementing the July 1988 report of the Basle Committee on Banking Regulation and Supervisory Practices Entitled "International Convergence of Capital Measurements and Capital Standards," including transition rules, and any amendments to such regulations adopted prior to the date of this Agreement.

  • Reporting Requirements As defined in Section 11.12.

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Ownership Restrictions means collectively the Ownership Limit as applied to Persons other than the Initial Holder or Look-Through Entities, the Initial Holder Limit as applied to the Initial Holder and the Look-Through Ownership Limit as applied to Look-Through Entities.

  • 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;

  • Reporting Requirement By January 31, 2017, the District will provide for OCR’s review and approval the Web Accessibility Policy drafted consistent with Item 1.

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Monitoring Requirements Schedule means the Schedule containing details of the monitoring arrangements.

  • Pretreatment requirements means any substantive or procedural requirement related to pretreatment, other than a pretreatment standard, imposed on an industrial user.

  • Ownership Interests means, with respect to any Person, all of the shares of Capital Stock of such Person and all debt securities of such Person that can be converted or exchanged for Capital Stock of such Person, whether voting or nonvoting, and whether or not such Capital Stock or debt securities are outstanding on any date of determination.

  • Service Requirements means the specification that the Flexibility Services must be capable of meeting, as defined in Schedule 1;

  • Design requirements means the written description of the infrastructure facility to be procured pursuant to this article, including:

  • Capital Requirements Directive means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, as amended or replaced from time to time.

  • performance requirement means a requirement that:

  • Minimum Participation Requirements means a set of minimum training, risk management, communication and capital or collateral requirements required for Participants in the PJM Markets, as set forth herein and in the Form of Annual Certification set forth as Tariff, Attachment Q, Appendix 1. Participants transacting in FTRs in certain circumstances will be required to demonstrate additional risk management procedures and controls as further set forth in the Annual Certification found in Tariff, Attachment Q, Appendix 1.