Payment undertaking agreement definition

Payment undertaking agreement means one or more agreements, undertakings or arrangements under which all or a portion of the funds generated by a sale and leaseback, leaseout and leaseback, or other similar transaction are directed or paid over to a financial institution, insurance com- pany, or other entity that agrees to meet or fulfill, in consid- eration for the funds, some or all of the obligations of the regional transit authority, or any public corporation or other entity created under RCW 81.112.320, to make future rent, debt service, or purchase price installment payments in con- nection with the transaction. [2000 2nd sp.s. c 4 § 18.]
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Payment undertaking agreement means one or more agreements,
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Payment undertaking agreement means one or more agreements, undertakings or arrangements under which all or a portion of the funds
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More Definitions of Payment undertaking agreement

Payment undertaking agreement means the Payment Undertaking Agreement, dated as of February 29, 1996, in substantially the form of Exhibit Q to the Participation Agreement, between Old Dominion and the Bank.
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Payment undertaking agreement means the Payment Undertaking Agreement (P1), dated as of December 30, 1996, between the Facility Lessee and the Payment Undertaking Issuer, in substantially the form of Exhibit L to the Participation Agreement.
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Payment undertaking agreement means an agreement (a) between AEE, the Owner Trust and each other or related "Owner Trust" and a PUA Provider, (b) that is drawable and payable in the event that a Payment Event shall have occurred and be continuing, (c) the benefits of which are assigned to each Indenture Trustee (so long as the Lessor Notes issued pursuant to the Indenture remain outstanding), and (d) pursuant to which such PUA Provider shall, upon the occurrence of any Payment Event, be obligated to pay on demand an amount up to the amount set forth in a schedule attached thereto. For purposes hereof, the amounts on such schedule, at any time, shall be at least equal to, in the case of the Rent Reserve Account Payment Undertaking Agreement, the maximum semi-annual payment of Basic Rent (other than Deferrable Payments) Scheduled to be Paid on any Rent Payment Date in the immediately succeeding three-year period and, in the case of the Special Rent Reserve Account Payment Undertaking Agreement, (i) prior to the fifth anniversary of the Closing Date, (A) the maximum aggregate payment of Basic Rent (other than Deferrable Payments) expected to become due on any three successive payment dates in the immediately succeeding three-year period minus (B) the amount set forth in clause (a) of the definition of the Rent Reserve Account Required Balance, or (ii) after the fifth anniversary of the Closing Date, (A) the maximum aggregate payment of Basic Rent (other than Deferrable Payments) expected to become due on any two successive Basic Rent payment dates in the immediately succeeding three-year period minus (B) the amount set forth in clause (a) of the definition of the Rent Reserve Account Required Balance; provided, however, that for purposes of this definition, Basic Rent due on January 2, 2000 shall be calculated as the product of (x) 42 133 78.9% and (y) Basic Rent (other than Deferrable Payments) payable on January 2, 2000. In any event, any payment undertaking agreement that has terms and conditions substantially similar to the Rent Reserve Account Payment Undertaking Agreement in effect on the Closing Date shall be a Payment Undertaking Agreement.
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Related to Payment undertaking agreement

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • Undertaking Letter The letter in substantially the form set forth in Exhibit C of the Trust Agreement.

  • Netting agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • Payment Agreement means a written agreement which provides

  • parent undertaking means a parent undertaking as defined in point (15)(a) of Article 4(1) of Regulation (EU) No 575/2013;

  • Repayment Agreement means an agreement

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Share Transfer Agreement means the share transfer agreement, in the agreed form, between the partners in the Company;

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 J], dated as of March 18, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors, officers and 5% stockholders of the Company, in the form of Exhibit C attached hereto.

  • group undertaking means the Company or another undertaking in the group;

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Reaffirmation Agreement means the Reaffirmation Agreement dated as of the Closing Date by the Borrower and the Guarantors to the Administrative Agent for the benefit of the Secured Parties.

  • Guarantee and Adherence Agreement means the guarantee and adherence agreement pursuant to which the Guarantors shall, amongst other, (i) guarantee all amounts outstanding under the Finance Documents, including but not limited to the Bonds, plus accrued interests and expenses, (ii) agree to subordinate all subrogation claims, and (iii) undertake to adhere to the terms of the Finance Documents.

  • IDR Transfer Agreement means an agreement to transfer, subject to the terms of Tariff, Part VI, section 237, Incremental Deliverability Rights to a party for the purpose of eliminating or reducing the need for Local or Network Upgrades that would otherwise have been the responsibility of the party receiving such rights. Immediate-need Reliability Project: “Immediate-need Reliability Project” shall have the same meaning provided in the Operating Agreement.

  • representation agreement means the written agreement between a money transfer service provider and a representative of the money transfer service provider that states the terms on which the representative offers the money transfer service within Australia;

  • Acquisition Agreement Representations means the representations and warranties with respect to the Companies made by the Seller in the Acquisition Agreement to the extent a breach of such representations and warranties is material to the interests of the Lenders, but only to the extent that the Borrower or its Affiliates have the right to terminate its or their obligations under the Acquisition Agreement (or decline to consummate the Rockwood Acquisition) as a result of a breach of such representations in the Acquisition Agreement.

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit P hereto, executed and delivered by the Sellers, the Depositor and the Trustee as provided in Section 2.01(d).

  • Letter of Undertaking means the letter of undertaking from, amongst others, the Issuer and its Managing Directors to the Initial Purchaser, Investment Manager and the Trustee.

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Borrower, each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Amalgamation Agreement means the Amalgamation Agreement dated as of June 26, 2020 among Cybin, Clarmin and Subco relating to the Amalgamation, as amended on October 21, 2020, a copy of which is available under the Company’s profile on the SEDAR website at www.sedar.com.

  • Novation Agreement means a legal instrument—

  • Programme Agreement means the programme agreement entered into on or about the date hereof between, inter alios, the Guarantor, the Sellers, the Issuer, the Representative of the Covered Bondholders and the Dealers.