Reciprocal Payor definition

Reciprocal Payor means a third party which, at the time of entering into a Derivative Product, shall have no adverse impact on the rating assigned to any Bonds by any Rating Agency, and which is obligated to make Reciprocal Payments under a Derivative Product.
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Reciprocal Payor means a party to an Exchange Agreement (other than the City) that is obligated to make one or more Reciprocal Payments thereunder, and which is rated in one of the top three rating categories by at least one Rating Agency for its obligations under the Exchange Agreement.
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Reciprocal Payor means a party to a Derivative Product that is obligated to make one or more Reciprocal Payments thereunder.
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Examples of Reciprocal Payor in a sentence

  • What then, determines what is done in order to ‘develop the potential for renewable energy’ (WECD 1987, p.

  • Prior to selecting the Reciprocal Payor, the University shall solicit and give due consideration to proposals from at least two entities that meet the criteria set forth in RCW 39.96.040(2).

  • Reciprocal Payor means any bank or corporation, partnership or other entity that is a party to the Payment Agreement and that is obligated to make one or more Reciprocal Payments thereunder.

  • However, Reciprocal Payments may not be used to make an Authority Derivative Payment or to pay any other amounts owned to a Reciprocal Payor under a Derivative Product.

  • Finally, high-tech solutions to grade crossing safety and the related demonstration projects (PTC) are reviewed.

  • Anything in this Master Indenture to the contrary notwithstanding, any Reciprocal Payments shall not be available to make an Authority Derivative Payment or to pay any other amounts owed to a Reciprocal Payor under a Derivative Product.

  • Reciprocal Payor means any bank or corporation, partnership or other entity which is a party to a Derivative Product and which is obligated to make one or more Reciprocal Payments thereunder.

  • The Trustee shall notify the Authority on such Business Day, if (i) the amount received from the Reciprocal Payor is not equal to the amount specified in the written notification of the Authority, (ii) no amount is received from the Reciprocal Payor, or (iii) the amount received is not received in immediately available funds.

  • Reciprot:a( Payment means any payment to be made to, or for the benefit of, the State under a Derivative Product by the Reciprocal Payor.

  • No later than the fourth Business Day immediately preceding each Bond Payment Date or Derivative Product Date on which a Reciprocal Payment or Authority Derivative Payment is due, the Authority is to give written notice to the Trustee stating the amount of any Reciprocal Payment due to be received by the Trustee or any Authority Derivative Payment to be paid to a Reciprocal Payor.


More Definitions of Reciprocal Payor

Reciprocal Payor means a party to an Exchange Agreement (other than the City) that is obligated to make one or more Reciprocal Payments thereunder, and which is rated in one of the top three rating categories by at least one Rating Agency for its obligations under the Exchange Agreement. Under rating systems in effect on the date of this Declaration, a rating in one of the three highest rating categories by a Rating Agency would be a rating of “A” or better.
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Reciprocal Payor means, initially, with respect to the 2019C Bonds, Bank of America, N.A., as a party to the Initial Derivative Product, and its successors and assigns, or, with respect to an Alternate Derivative Product, the Reciprocal Payor thereunder.
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Reciprocal Payor means a party to a Derivative Product (other than the City) that is obligated to make one or more Reciprocal Payments thereunder, and which has at least an investment grade rating from a Rating Agency for its obligations under the Derivative Product.
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Reciprocal Payor means a party to a Derivative Product that is obligated to
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Reciprocal Payor means any bank or corporation, partnership or other entity which is a party to a Derivative Agreement and which is obligated to make one or more Reciprocal Payments thereunder.  Corporation and City have determined it is in their best interest to provide the ability to participate in certain interest rate swap or exchange agreements, or agreements establishing interest rate floors or ceilings, or both, or other interest rate hedging agreements and the City agrees to make payments required to be made under such interest rate swap or exchange agreements, or agreements establishing interest rate floors or ceilings, or both, or other interest rate hedging agreements; therefore Article VII of the Original Lease is amended to add the following as a new section 7.8:
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Related to Reciprocal Payor

  • Third Party Payor means any governmental entity, insurance company, health maintenance organization, professional provider organization or similar entity that is obligated to make payments on any Account.

  • Medicaid means that government-sponsored entitlement program under Title XIX, P.L. 89-97 of the Social Security Act, which provides federal grants to states for medical assistance based on specific eligibility criteria, as set forth on Section 1396, et seq. of Title 42 of the United States Code.

  • Provider agreement means the signed, written, contractual agreement between the department and the provider of services or goods.

  • Payor means a trustee, insurer, business entity, employer, government, governmental subdivision or agency, or other person authorized or obligated by law or a governing instrument to make payments.

  • Medicare means the “Health Insurance for the Aged Act,” Title XVIII of the Social Security Amendments of 1965, as then constituted or later amended.

  • Health care facility or "facility" means hospices licensed

  • Healthcare Facility means that portion of the Project operated on the Land as a Nursing Home, Intermediate Care Facility, Board and Care Home, Assisted Living Facility and/or any other healthcare facility authorized to receive insured mortgage financing pursuant to Section 232 of the National Housing Act, as amended, including any commercial space included in the facility.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.