Reinvestment contract definition

Reinvestment contract means a contract entered into between the commissioner and an eligible taxpayer in accordance with subsection (c) of this section.
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Reinvestment contract means a binding contract entered into by the Borrower or a Subsidiary providing for acquisitions described in Section 4.09(e) in a manner not prohibited by this Agreement.
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Reinvestment contract means a contract entered into between
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Examples of Reinvestment contract in a sentence

  • The Bank is in compliance with all applicable state and federal laws regarding its continued operation, including those pertaining to the origination of the Contracts, other than those laws the Bank's non-compliance with which would not materially affect its ability to perform its obligations under either the Reinvestment Contract or the Control Agreement or, in the case of the origination of the Contracts, would not cause the Contracts to be unenforceable.

  • No consent, approval, authorization or order of any court or governmental agency or body is required for the consummation of the transactions contemplated by either the Reinvestment Contract or the Control Agreement except such as have been obtained under the Act and such as have been obtained from the Office of Thrift Supervision.

  • The Controlling Party may at any time give notice (an "FSA Notice") to the Master Collateral Agent stating that (i) a Default has occurred and is continuing or (ii) the Controlling Party has, pursuant to any Existing Agreement, terminated the status of a Reinvestment Contract as an eligible investment under a Trust Agreement or other Existing Agreement.

  • No consent, approval, authorization or order of any court or governmental agency or body is required for the consummation of the transactions contemplated by the Reinvestment Contract except such as have been obtained under the Act and such as have been obtained from the Office of Thrift Supervision.

  • In order to ensure that WFAL 2 has sufficient funds to satisfy its repayment obligations pursuant to Section 4 of each Reinvestment Contract, the Bank hereby agrees to lend WFAL 2 sufficient immediately available funds in order to enable WFAL 2 timely to perform its obligations under each such Sections and any other payments obligations due by WFAL 2 under any Reinvestment Contract, or otherwise to make available, or cause to be made available, to WFAL 2 immediately available funds for such purpose.

  • The Bank is in compliance with all applicable state and federal laws regarding its continued operation, including those pertaining to the origination of the Contracts, other than those laws the Bank's non-compliance with which would not materially affect its ability to perform its obligations under the Reinvestment Contract or, in the case of the origination of the Contracts, would not cause the Contracts to be unenforceable.

  • Notwithstanding the preceding sentence, on or before each date on which the Bank requires payment by WFS of Funds in order to fulfill the Bank's obligations under a Reinvestment Contract, the Bank shall notify WFS of each such amount of Funds to be deposited or remitted to the Bank or its designee, the date on which such payment is due, and the manner of payment, and WFS shall cause such amount to be deposited or remitted as requested by the Bank.

  • If all or any of the Reinvestment Contracts no longer constitute an Eligible Investment, then WFS shall pay to the Bank, or as otherwise directed by the Bank, an amount equal to the Funds applicable for each such Reinvestment Contract, as determined by the Bank.

  • This Agreement shall commence as of the Effective Date and shall continue in full force and effect, so long as any Reinvestment Contract constitutes an "Eligible Investment," as defined in a Sale and Servicing Agreement (or similar agreement) identified in the applicable Reinvestment Contract.

  • The Bank shall promptly delivery to WFS a copy of each Reinvestment Contract and the Master Collateral Assignment Agreement, as such contracts are or become available.


More Definitions of Reinvestment contract

Reinvestment contract means a binding contract entered into by the Borrower or a Subsidiary providing for acquisitions described in Section 4.10(d) in a manner not prohibited by this Agreement.
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Related to Reinvestment contract

  • Reinvestment Agreement means a guaranteed reinvestment agreement from a bank, insurance company or other corporation or entity, in each case, at the date of such acquisition having a credit rating of at least A-1 from S&P and at least P-1 from Moody’s; provided that such agreement provides that it is terminable by the purchaser, without penalty, if the rating assigned to such agreement by either S&P or Xxxxx’x is at any time lower than such ratings.

  • Management Contract means the contract executed between the treasurer and a program manager.

  • Guaranteed Investment Contract With respect to any Series (or Class within such Series), a guaranteed investment contract or surety bond provided for in the related Series Supplement, Granted as part of the Trust or to the Trustee for the benefit of the Certificateholders for such Series, providing for the investment of funds in a related Account or related Accounts and insuring a minimum or a fixed rate of return on the investment of such funds, which contract or surety bond shall be an obligation of an insurance company or other entity whose rating is no lower than the rating on the Underlying Securities and shall satisfy any other requirements specified in such Series Supplement.

  • Advance Payment Contract means any contract whereby any Credit Party either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) to be applied toward payment of the purchase price of Hydrocarbons produced or to be produced from Oil and Gas Interests owned by any Credit Party and which Advance Payment is, or is to be, paid in advance of actual delivery of such production to or for the account of the purchaser regardless of such production, or (b) grants an option or right of refusal to the purchaser to take delivery of such production in lieu of payment, and, in either of the foregoing instances, the Advance Payment is, or is to be, applied as payment in full for such production when sold and delivered or is, or is to be, applied as payment for a portion only of the purchase price thereof or of a percentage or share of such production; provided that inclusion of the standard “take or pay” provision in any gas sales or purchase contract or any other similar contract shall not, in and of itself, constitute such contract as an Advance Payment Contract for the purposes hereof.

  • Reinvestment Plan means the distribution reinvestment plan for the ETFs, as described under the heading “Distribution Policy – Distribution Reinvestment Plan”;

  • Investment Agreements or “Flow-Through Agreements” means written agreements pursuant to which the Partnership will subscribe for Flow-Through Shares (including Flow-Through Shares issued as part of a unit) or agreements by the Partnership to otherwise invest in or purchase securities of a Resource Issuer, and in respect of Flow-Through Shares comprised of units, the Resource Issuer will covenant and agree:

  • Procurement Contract or “Contract” means any written agreement of the Authority for the acquisition of goods or services of any kind in the actual or estimated amount of $25,000, or more.

  • Retail installment contract means that term as defined in section 2 of the retail installment sales act, MCL 445.852.

  • Cap Contract Any of the Class A-1 Cap Contract, the Class A-2 Cap Contract or the Subordinate Certificates Cap Contract.

  • Investment Portfolio means invested assets (including cash and cash equivalents, short-term investments, bonds or other fixed income securities and equity investments).

  • Equity Contract means any transaction or instrument that does not convey to Dealer rights, or the ability to assert claims, that are senior to the rights and claims of common stockholders in the event of Counterparty’s bankruptcy.

  • Applicable Contract any Contract (a) under which the Company has or may acquire any rights, (b) under which the Company has or may become subject to any obligation or liability, or (c) by which the Company or any of the assets owned or used by it is or may become bound.

  • Cap Contracts means (i) the Cap Contract between the Trustee and the counterparty named thereunder, for the benefit of the Holders of the Class A-1 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group I Cap Contract") and (ii) the Cap Contract between the Trustee and the counterparty thereunder, for the benefit of the Class A-2 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group II Cap Contract").

  • Credit-sale contract means the same as defined in section 203.1.

  • Approved Investment means any type of security, instrument, participation or interest in property, as set forth on Schedule I hereto (which may be amended from time to time by execution of a revised Schedule I, I-A or I-B) in which Cash Collateral may be invested or reinvested by Bank in accordance with Paragraph 2 of Article IV hereof.

  • Sale Contract means a contract providing for the sale of one or more projects to one or more contracting parties and includes a contract providing for payment of the purchase price in one or more installments. If the sale contract permits title to the project to pass to the other contracting party or parties prior to payment in full of the entire purchase price, it shall also provide for the other contracting party or parties to deliver to the municipality or to the trustee under the indenture pursuant to which the bonds were issued one or more notes, debentures, bonds or other secured or unsecured debt obligations of such contractingparty or parties providing for timely payments, including without limitation, interest thereon for the balance of the purchase price at or prior to the passage of such title.

  • Reinvestment Notice a written notice executed by a Responsible Officer stating that no Event of Default has occurred and is continuing and that the Borrower (directly or indirectly through a Subsidiary) intends and expects to use all or a specified portion of the Net Cash Proceeds of an Asset Sale or Recovery Event to acquire or repair assets useful in its business.

  • Funding Agreements means all or any of the agreements or instruments to be entered into by a Project Service Provider or any of their Associates relating to the financing of its business of providing services pursuant to the terms of any Project Agreements, excluding always the Project Agreements themselves;

  • Investment Management Agreement means the Investment Management Agreement made

  • Endorsement contract means an agreement under which a student athlete is employed or receives consideration to use on behalf of the other party any value that the student athlete may have because of publicity, reputation, following, or fame obtained because of athletic ability or performance.

  • Original Contract means the initial contract or price agreement solicited and awarded during a cooperative procurement by an administering contracting agency.

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Futures Contract Option means an option with respect to a Futures Contract.