Recovery Payment definition

Recovery Payment shall have the meaning provided in subparagraph 5(d).

Recovery Payment means the payment made by an approved recycler to an approved collector in exchange for the transfer of CEWs pursuant to Section 42477 of the Public Resources Code.

Recovery Payment means any money representing principal of a Loan and any premium or penalty with respect thereto received or recovered by the Administration, in excess of any expenses necessarily incurred by the Administration in collection thereof, from (i) the sale or other disposition of a Development, (ii) Prepayments, (iii) condemnation of a Development or part thereof, to the extent not needed to improve or repair the Development, (iv) other proceedings taken in the event of default by the Borrower, (v) the sale or other disposition of a Loan and Mortgage in default for the purpose of realizing on the mortgagee’s interest therein, (vi) to the extent not needed to improve or repair the Development, hazard insurance, or (vii) the payment of principal of a Loan by a Credit Enhancer as a result of any of the events described in the preceding clauses (ii) through (vi) with respect to a Loan subject to Credit Enhancement.

Examples of Recovery Payment in a sentence

• If the Grocer In Service Date does not occur by the Grocer Required Date, the Company shall owe a Grocery Recovery Payment for each month until the Grocer In Service Date occurs.

• For purposes of clarification, assume the following timeline: Residential In Service Date Month 0 Grocer Required Date Month 6 Grocer In Service Date Month 2 Grocer Replacement Period 12 months No Grocery Recovery Payment would be owed with respect to the initial opening of the Qualified Grocery Store because the Grocer In Service Date occurred prior to the Grocer Required Date.

• For purposes of additional clarification, assume the following timeline: Residential In Service Date Month 0 Grocer Required Date Month 6 Grocer In Service Date Month 8 Initial Delay 2 months delay on initial opening Grocer Replacement Period 12 months A Grocery Recovery Payment would be owed with respect to the two month delay between the Grocer Required Date and the Grocer In Service Date.

• The City Benefits Recovery Payment is in addition to the PILOT Payment and any other Recovery Payment owed for the related year or years during the Incentive Term.

• Any City Benefits Recovery Payment will be paid by the Company to the Issuer in accordance with the procedures set forth in Section 3 and distributed by the Issuer to the taxing entities as set forth in Section 4 hereof and shall be subject to Section 13 hereof.

More Definitions of Recovery Payment

Recovery Payment means any payment by a mortgagor or any other recovery of principal on a Loan not applied to scheduled installment of principal and interest on the Loan (including any deficiency in the payment of any scheduled installments of principal and interest then due and payable or interest paid in connection with a Prepayment of a Loan). A Recovery Payment includes, without limitation, (i) Prepayments,(ii) the portion of any Insurance Proceeds (to the extent not applied to the repair or restoration of any mortgaged premises), (iii) Liquidation Proceeds, and (iv) amounts from the sale, transfer or other disposition of a Program Asset, or net recovery from Credit Enhancement to the extent not included in Insurance Proceeds, in each case representing such principal amounts.

Recovery Payment means 95% of the aggregate amount of the Litigation Recovery to which the Shareholders are entitled as a result of their ownership of Rights.

Recovery Payment means the rescinding, restoring or returning by any Secured Party of any payment, or any part thereof, of any amount of the Obligations if (a) such payment was made to the Secured Party pursuant to Section 4.3 after the occurrence of an Enforcement Event and (b) such rescinding, restoring or returning is required in connection with the insolvency, bankruptcy, dissolution, liquidation or reorganization of any or all of the Loan Parties, upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, any of the Loan Parties or any substantial part of their respective property or otherwise.

Recovery Payment means any payment by a mortgagor or any other recovery of principal on a Loan not applied to scheduled installment of principal and interest on the Loan (including any deficiency in the payment of any scheduled installments of principal and interest then due and payable or interest paid in connection with a Prepayment of a Loan). A Recovery Payment includes, without limitation, (i) Prepayments,

Recovery Payment means any Grocery Recovery Payment, City Benefits Recovery Payment and/or Investment Recovery Payment.

Recovery Payment is due to the Insurer at the time of occurrence of any such “Excluded Policy Event”, all or a portion of such “Recovery Payment” equal to the quotient of the face amount of such “Covered Policy” divided by the face amount of the “Covered Portfolio” (including such “Covered Policy”) shall be due within ninety (90) days of such “Excluded Policy Event”.

Recovery Payment has the meaning set forth in the definition of "Extraordinary Receipt."