Substitute Contract Qualification Conditions definition

Substitute Contract Qualification Conditions means, with respect to any Substitute Contract being transferred to the Trust pursuant to Section 2.04, each of the following:
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Substitute Contract Qualification Conditions means, with respect to any Substitute Contract being transferred to the Issuer pursuant to Section 2.04, the accuracy of each of the following statements as of the related Cutoff Date for such Contract:
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Substitute Contract Qualification Conditions means, with respect to any Substitute Contract being transferred to the Trust pursuant to Section 2.03, the accuracy of each of the following statements as of the related Cut-Off Date for such Contract: (a) the Contract Principal Balance of such Substitute Contract is not less than that of the related Replaced Contract(s); (b) no adverse selection procedure shall have been employed in the selection of such Substitute Contract from the applicable Financing Originator’s portfolio; and (c) each such Substitute Contract satisfied the criteria set forth in the definition of Eligible Contract herein.
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More Definitions of Substitute Contract Qualification Conditions

Substitute Contract Qualification Conditions means, with respect to any Substitute Contract being transferred to the Trust pursuant to Section 2.03, the accuracy of each of the following statements as of the related Cut-Off Date for such Contract: (a) the Contract Principal Balance of such Substitute Contract is not less than that of the related Replaced Contract(s); (b) no adverse selection procedure shall have been employed in the selection of such Substitute Contract from the applicable Financing Originator’s portfolio; and (c) each such Substitute Contract satisfied the criteria set forth in the definition of Eligible Contract herein. With respect to any such Substitute Contract which is replacing a Replaced Contract of the type described in clause (a) of the definition of Substitution Event, the condition that after giving effect to such transfer, the Contract Pool Principal Balance of all Substitute Contracts transferred to the Trust since the Closing Date in respect of Replaced Contracts of the same type shall not exceed 10% of the Initial Contract Pool Principal Balance.
Sample 1
Substitute Contract Qualification Conditions means, with respect to any Substitute Contract being transferred to the Trust pursuant to Section 2.04,
Sample 1
Substitute Contract Qualification Conditions means, with respect to any Substitute Contract being transferred to the Trust pursuant to Section 2.03, the accuracy of each of the following statements as of the related Cut-Off Date for such Contract: (a) the Contract Principal Balance of such Substitute Contract is not less than that of the related Replaced Contract(s); (b) no adverse selection procedure shall have been employed in the selection of such Substitute Contract from the applicable Financing Originator’s portfolio; and (c) each such Substitute Contract satisfied the criteria set forth in the definition of Eligible Contract herein (to the extent applicable thereto). With respect to any such Substitute Contract which is replacing a Replaced Contract of the type described in clause (a) of the definition of Substitution Event, the condition that after giving effect to such transfer, the Contract Pool Principal Balance of all Substitute Contracts transferred to the Trust since the Closing Date in respect of Replaced Contracts of the same type shall not exceed 10% of the Initial Contract Pool Principal Balance.
Sample 1

Related to Substitute Contract Qualification Conditions

  • Monthly Qualification Cycle means a period beginning one (1) Business Day prior to the first day of the current Statement Cycle through one (1) Business Day prior to the close of the current Statement Cycle.

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibilityconditions listed in Clause [5] of the Tender Document.

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Minimum Qualifications means the requirements of education, training, experience and other basic qualifications for a job.

  • 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.

  • Minimum Tender Condition shall have the meaning provided in Section 2.15(b).

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Acute condition means that the individual is medically unstable. Such an individual requires frequent monitoring by medical professionals, such as physicians and registered nurses, in order to maintain his or her health status.

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Qualification Period means the period of time in which a CDC Owner, Operator or a Qualified Colocation Tenant is eligible for Program benefits and means specifically (a) in respect to a CDC Owner or Operator, as defined in subsection IX.A. and (b) in respect to a CDC Qualified Colocation Tenant, as defined in subsection IX.B.

  • Eligibility and selection criteria means criteria for determining:

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

  • Qualifying Replacement Capital Covenant has the meaning specified in the Replacement Capital Covenant.

  • Waiver eligibility span means the twelve-month period following either an individual's initial waiver enrollment date or a subsequent eligibility re- determination date.

  • Qualifying medical condition means seizure disorder,

  • Product Conditions means these product terms and conditions. These Product Conditions apply to each series of cash settled Warrants over single equities;

  • Minimum Condition has the meaning set forth in Annex I.

  • Acceptance Condition means the acceptance condition to any Offer;

  • Optional Extended Local Calling Scope Arrangement Traffic is traffic that under an optional Extended Local Calling Scope Arrangement chosen by the Customer terminates outside of the Customer’s basic exchange serving area.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Qualification Deadline has the meaning set forth in Section 2(a)(ii).

  • Qualification Date means the date as of which the Offering Statement was or will be qualified with the Commission pursuant to Regulation A, the Act and the Rules and Regulations; and

  • Licence Conditions means the licence terms and conditions contained in this document, as amended from time to time in accordance with this agreement.