Examples of Support Assets in a sentence
The Determination Agent may deduct amounts to reflect expected costs and expenses (including stamp duty charges) in respect of a sale of the Credit Support Assets when determining such value.
In respect of any Credit Support Assets comprising cash deposits, the Issuer, the Trustee or the Custodian shall realise such cash deposits into cash which shall be paid into the Cash Account as soon as reasonably practicable following the date on which notice is given that such Credit Support Assets are to be realised in whole or in part into cash in respect of an Unwind Event.
Contributions for the above scheme are charged to the statement of profit or loss as they become payable in accordance with the rules of the scheme.
The Seller shall keep in full force and effect its existence and rights as a limited liability company under the laws of the State of Delaware, and shall obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Agreement, the other Transaction Documents and the Support Assets.
None of the Purchaser Parties shall have any obligation or liability with respect to any Support Assets, nor shall any of them be obligated to perform any of the obligations of the Seller, the Servicer or any Originator thereunder.