Trustee of the Carbon Fund definition

Trustee of the Carbon Fund means the Bank acting not in its individual or personal capacity but solely in its capacity as trustee of the Tranches of the Carbon Fund;
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Examples of Trustee of the Carbon Fund in a sentence

  • Section 5.01 In case of the execution of an ERPA between the Trustee of the Carbon Fund and the Seller Participant with respect to a Program and in accordance with Section 6.4 of the Instrument, payment to the Seller Participant for ERs delivered under the terms of the ERPA shall be subject to the Seller Contribution Credit.

  • The Trustee of the Carbon Fund shall only enter into ERPAs for each Tranche up to the capital available in that Tranche after the deduction of the applicable CADF Charges, and accordingly the ERPA may include a maximum contract value.

  • Section 5.03 With respect to any Program included into the Program portfolio of another Tranche, the percentage amount of the Seller Contribution Credit shall be determined by the Trustee of the Carbon Fund before the opening of that other Tranche.

  • In case the Carbon Finance Document does indicate that the overall amount of ERs expected to be generated by the [Program][Programs] is less than indicated in the Indicative Terms, the Contract ER Volume included in the ERPA shall be reduced to a level acceptable to the Trustee of the Carbon Fund.

  • Section 3.03 The Seller Participant commits to develop and submit to the Trustee of the Carbon Fund a Carbon Finance Document for each Program.

  • Trustee of the Carbon Fund agree that they will, during a period of [twenty-four (24)] months (being subject to extension if the Parties so agree) following the later of the execution of this Agreement or the Operational Date of a Tranche to which the Program is allocated (“Exclusivity Period”), use all reasonable endeavors to negotiate exclusively and in good faith the purchase and sale of the Contract ER Volume and to execute one or more ERPAs accordingly.

  • Section 3.04 The Seller Participant understands and agrees that the negotiation and execution of any ERPA by the Trustee of the Carbon Fund is subject to the proposed Program being satisfactory to the Trustee of the Carbon Fund and being included in a Tranche’s Program portfolio in accordance with Section 3.03 above.

  • The ERPA was therefore amended on March 23, 2017 into a sub-ERPA to reflect the reduction of the program to just the Oum Azza Landfill LFG project and, accordingly, to reduce the volume expected to be purchased by the Bank, as Trustee of the Carbon Fund of the Carbon Partnership Facility, to 272,000 tCO2equivalent over the duration of the program (2012-2020).

  • The terms CDM, CFD, ER, and ERPA have the same meaning ascribed to them in the Instrument establishing the Carbon Partnership Facility (CPF) dated May 15, 2010, as amended from time to time, which was incorporated by reference to the Seller Participation Agreement dated October 4, 2009 between IBRD as Trustee of the Carbon Fund and Carbon Asset Development Fund of the CPF, and FEC regarding the first tranche of the Carbon Fund of the CPF.

  • The Trustee of the Carbon Fund may, where necessary, establish a Carbon Fund Participants Committee to be responsible for: 1415 Amended in accordance with Resolution PC2008-4.

Related to Trustee of the Carbon Fund

  • Receivables and Related Assets means (a) accounts receivable, instruments, chattel paper, obligations, general intangibles, equipment and other similar assets, including interests in merchandise or goods, the sale or Lease of which gives rise to the foregoing, related contractual rights, guarantees, insurance proceeds, collections and other related assets, (b) equipment, (c) inventory and (d) proceeds of all of the foregoing.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • AFFILIATED SUBCUSTODIAN means a Subcustodian that is an Affiliate.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Servicer Affiliate A Person (i) controlling, controlled by or under common control with the Servicer or which is 50% or more owned by the Servicer and (ii) which is qualified to service residential mortgage loans.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Receivables for Municipal Obligations Sold means the book value of receivables for Municipal Obligations sold as of or prior to such Valuation Date if such receivables are due within five business days of such Valuation Date.

  • Receivables Reserves mean such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, reserves for dilution.

  • Servicer's Assignee As defined in Section 10.14(a).

  • Permitted Special Servicer/Affiliate Fees Any commercially reasonable treasury management fees, banking fees, title insurance and/or other insurance commissions and fees, title agency fees, and appraisal review fees received or retained by the Special Servicer or any of its Affiliates in connection with any services performed by such party with respect to any Serviced Loan or REO Property, in each case, in accordance with Article III of this Agreement.

  • Lead Securitization PSA means the Note A-1 PSA.

  • Issuing Entity PII has the meaning stated in Section 4.09(a).

  • Trustee Mortgage Files With respect to each Mortgage Loan, the Mortgage Documents to be retained in the custody and possession of the Trustee or the Custodian on behalf of the Trustee pursuant to the Custodial Agreement.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Special Servicer Servicing Personnel The divisions and individuals of the Special Servicer who are involved in the performance of the duties of the Special Servicer under this Agreement.

  • Receivables Program means, with respect to any Person, an agreement or other arrangement or program providing for the advance of funds to such Person against the pledge, contribution, sale or other transfer of encumbrances of Receivables Program Assets of such Person or such Person and/or one or more of its Subsidiaries.

  • At-home recovery visit means the period of a visit required to provide at home recovery care, without limit on the duration of the visit, except each consecutive four (4) hours in a twenty-four-hour period of services provided by a care provider is one visit.

  • Defaulted Receivables means any Receivable (a) on which any installment is unpaid more than sixty (60) days past its original due date or (b) where the Servicer’s records show that the Obligor has suffered an Insolvency Event.

  • Portfolio Administrator means any entity and any successor or replacement thereto, as specified in the Final Terms for each Series of ETP Securities, appointed as Portfolio Administrator in accordance with the terms of the relevant Portfolio Administration Agreement.

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.

  • Receivables Seller means the Borrower or those Subsidiaries that are from time to time party to the Permitted Receivables Facility Documents (other than any Receivables Entity).

  • Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of this Indenture for the benefit of the Noteholders (including, without limitation, all property and interests Granted to the Indenture Trustee), including all proceeds thereof.