Purchase and Substitution Limit definition

Purchase and Substitution Limit. The meaning specified in Section 12.3(c).
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Purchase and Substitution Limit. 13% of the aggregate Collateral Values of all Receivables pledged by the Issuer to the Trustee on the Closing Date measured as of the Initial Cut-Off Date.
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Purchase and Substitution Limit. With respect to the Contracts supporting any Series of Notes, 10% of the Initial Aggregate Collateral Value of such Series.
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Examples of Purchase and Substitution Limit in a sentence

  • The Collateral Manager may direct the Trustee to sell any Collateral Obligation to ORCC at any time in connection with an optional purchase or substitution of such Collateral Obligation pursuant to Section 12.3, it being understood that such sales will be subject to the Purchase and Substitution Limit.

  • In addition to the right to substitute for any Collateral Obligations that become subject to a Substitution Event, ORCC shall have the right, but not the obligation, to purchase from the Issuer any Collateral Obligation subject to the Purchase and Substitution Limit at a cash purchase price at least equal to the Fair Market Value of such Collateral Obligation (or applicable portion thereof) as of the date of such purchase, which the Trustee shall deposit into the Collection Account upon receipt.

  • The Collateral Manager may direct the Trustee to sell any Collateral Obligation to ORBDCC at any time in connection with an optional purchase or substitution of such Collateral Obligation pursuant to Section 12.3, it being understood that such sales will be subject to the Purchase and Substitution Limit.

  • Because the HECM program is insured by the US federal government, it is the most popular reverse mortgage program and accounts for 95% of the market (Ma and Deng, 2006).

  • The Collateral Manager may direct the Collateral Trustee to sell any Collateral Obligation to ORCC at any time in connection with an optional purchase or substitution of such Collateral Obligation pursuant to Section 12.3, it being understood that such sales will be subject to the Purchase and Substitution Limit.

  • The bidder has to register with his/her digital signature certificate (dsc) in the e- tendering system and subsequently he/she will be allowed to carry out his/her e-bid submission activities.

  • In addition to the right to substitute for any Collateral Obligations that become subject to a Substitution Event, BOCIC shall have the right, but not the obligation, to purchase from the Issuer any Collateral Obligation subject to the Purchase and Substitution Limit at a cash purchase price at least equal to the Fair Market Value of such Collateral Obligation (or applicable portion thereof) as of the date of such purchase, which the Trustee shall deposit into the Collection Account upon receipt.

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  • Johni heard [DP rumours about himi]20While the judgments seem pretty clear to me, it is worth highlighting that (35a) is extremely odd, implying that ideas are quantifiable, and that the quantity is somehow perceivable.

  • The Collateral Manager may direct the Trustee to sell any Collateral Obligation to ORTF at any time in connection with an optional purchase or substitution of such Collateral Obligation pursuant to Section 12.3, it being understood that such sales will be subject to the Purchase and Substitution Limit.


More Definitions of Purchase and Substitution Limit

Purchase and Substitution Limit. With respect to the Contracts, 10% of the Initial Aggregate Collateral Value.
Sample 1
Purchase and Substitution Limit. With respect to the Lease Contracts, 15% of the Aggregate Implicit Principal Balance.
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Related to Purchase and Substitution Limit

  • Substitution Period shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Concentration Limitations Limitations satisfied on each Measurement Date on or after the Effective Date and during the Reinvestment Period if, in the aggregate, the Collateral Obligations owned (or in relation to a proposed purchase of a Collateral Obligation, owned and proposed to be owned) by the Issuer comply with all of the requirements set forth below (or in relation to a proposed purchase after the Effective Date, if any such requirement is not satisfied, the level of compliance with such requirement is maintained or improved after giving effect to the purchase), calculated in each case as required by Section 1.3 herein:

  • Maximum Purchase Amount means, for any CP Conduit, the aggregate Commitments of its Committed Purchasers, as set forth on Schedule I hereto.

  • Substitution Event means, in respect of a Share, any Nationalization, Insolvency or Delisting in respect of such Share, or any Merger Event or Tender Offer in respect of such Share that is deemed by the Calculation Agent to be a Substitution Event, or an occurrence and continuation for at least eight consecutive applicable Exchange Business Days of a Market Disruption Event in respect of such Share.

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.