Revocation Warranty Fund definition

Revocation Warranty Fund means an amount made available by Exchange for the benefit of each Buyer of an Alberta Environmental Product which becomes a Revoked Credit to compensate the Buyer, on a first-come, first-served basis and only to the then- current amount of the fund, in the case of an Unsatisfied Revocation Amount in respect of that Revoked Credit;
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Revocation Warranty Fund means an amount of funds maintained by Exchange for the benefit of each Contracting Party that is a Buyer under a Transaction for Alberta Environmental Products, in the case of a failure by one or more Warranting Sellers to perform their Revocation Obligations under such Transactions, as more particularly described in Schedule “H”;
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Examples of Revocation Warranty Fund in a sentence

  • ICE NGX intends to establish a Revocation Warranty Fund that would compensate buyers in the unlikely event an EPC or Offset is revoked by the Alberta government and the seller of the EPC or Offset fails to satisfy its Revocation Obligations.

  • The amended and restated Deposit Agreement will also govern the holding, in escrow, of an additional letter of credit (the Revocation Warranty Fund Letter of Credit) by the Escrow Agent, intended to fund, in whole or in part, the Revocation Warranty Fund.

  • The State Plan was made available for public inspection and comment via the public hearing process.

  • The changes to the Deposit Agreement will • clarify and update the provisions relating to drawing on the USD 200 million Exchange Letter of Credit (as defined in the CPA) that functions as ICE NGX’s default fund; and • facilitate ICE NGX’s anticipated deposit of a Revocation Warranty Fund Letter of Credit, as further described below, with the Escrow Agent as part of ICE NGX’s intended launch of physically settled Alberta Environmental Products on March 11, 2024 (subject to regulatory approval).

  • For greater certainty, Exchange will not be liable to Buyer, and will not provide any indemnification to Buyer, under this Section or any other provision of this Agreement including this Schedule, in respect of a Revoked Credit other than for any Replacement Credits or amount collected from the Warranting Seller or pursuant to a claim on the Revocation Warranty Fund and will not be liable for any Revocation Value or Unsatisfied Revocation Amount greater than the Revocation Warranty Fund.

Related to Revocation Warranty Fund

  • Claims Objection Bar Date means the deadline for objecting to a Claim, which shall be on the date that is the later of (a) 180 days after the Effective Date and (b) such other period of limitation as may be specifically fixed by the Debtors or the Reorganized Debtors, as applicable, or by an order of the Bankruptcy Court for objecting to Claims.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Indemnification Escrow Fund has the meaning set forth in Section 2.12(a).

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Claims Objection Deadline means the deadline for objecting to a Claim against a Debtor, which shall be on the date that is the later of (a) 180 days after the Effective Date and (b) such other period of limitation as may be fixed by the Debtors or the Reorganized Debtors, as applicable, or by an order of the Court for objecting to such Claims.

  • Warranty Xxxx of Sale means the warranty (as to title) xxxx of sale covering the Aircraft executed by Manufacturer or an affiliate of Manufacturer in favor of Company and specifically referring to each Engine, as well as the Airframe, constituting a part of the Aircraft.

  • Indemnity, Subrogation and Contribution Agreement means the Indemnity, Subrogation and Contribution Agreement among Xxxxx 0, the Borrower, the Subsidiary Loan Parties and the Collateral Agent, substantially in the form of Exhibit C-3.

  • Tax Warranty means a representation or warranty in Sections 3.17 or 3.19.

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Indemnity Escrow Amount means $3,000,000.

  • REP means a retail electric provider as defined in Section 31.002(17) of the Utilities Code and shall include any REP that acts as the provider of last resort.

  • Tax and Insurance Escrow Fund shall have the meaning set forth in Section 7.2 hereof.

  • Release Request has the meaning set forth in Section 2.1.

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Warranty Purchase Payment means, with respect to a Payment Date and to a Warranty Receivable repurchased by the Seller as of the close of business on the last day of the related Collection Period, the sum of (a) the unpaid principal balance owed by the Obligor in respect of such Receivable plus (b) interest on such unpaid principal balance at a rate equal to the related APR to the last day in the related Collection Period.

  • Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.

  • Nonconforming zoning condition means a physical improvement on a property that does not conform with current zoning standards.

  • Claim Amount means the amount calculated in accordance with Section 6.2 of this Policy.

  • Third Party Funds means any segregated accounts or funds, or any portion thereof, received by Borrower or any of its Subsidiaries as agent on behalf of third parties in accordance with a written agreement that imposes a duty upon Borrower or one or more of its Subsidiaries to collect and remit those funds to such third parties.

  • Deficiency Claim Amount has the meaning set forth in Section 5.5(a).

  • Indemnification Escrow Agreement means an agreement in substantially the form attached hereto as Exhibit B, between the Escrow Participant, the Escrow Agent and the Purchaser with respect to the Indemnification Escrow Shares to reflect the terms set forth in Section 10.3.

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Indemnity Escrow Agreement means the Indemnity Escrow Agreement substantially in the form attached hereto as Exhibit B, among the Sellers, the Buyers and the Escrow Agent.

  • Warranty Claim means a claim for breach of any of the Warranties.