Computational Materials and Structural Term Sheets Clause Samples
The "Computational Materials and Structural Term Sheets" clause defines the use and governance of computationally generated materials and the associated structural information within a contractual relationship. This clause typically outlines how such materials—like digital models, simulations, or algorithmically derived data—are to be documented, shared, and used between parties, often referencing a term sheet that summarizes key terms and conditions. By clearly specifying the rights, responsibilities, and limitations regarding computational materials, the clause ensures both parties understand how these resources are managed, thereby reducing ambiguity and potential disputes over intellectual property or usage rights.
Computational Materials and Structural Term Sheets. (a) On the business day before the date on which the Current Report relating to the Offered Certificates of a Series is required to be filed by the Company with the Commission pursuant to Section 5(b) hereof, each Underwriter shall deliver to the Company five complete copies of all materials provided by such Underwriter to prospective investors in such Offered Certificates that constitute (i) "Computational Materials" within the meaning of the no-action letter dated May 20, 1994 issued by the Division of Corporation Finance of the Commission to ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Acceptance Corporation I, ▇▇▇▇▇▇, Peabody & Co. Incorporated, and ▇▇▇▇▇▇ Structured Asset Corporation and the no-action letter dated May 27, 1994 issued by the Division of Corporation Finance of the Commission to the Public Securities Association (together, the "▇▇▇▇▇▇ Letters"), the filing of which material is a condition of the relief granted in such letter (such materials being the "Computational Materials"), and (ii) "Structural Term Sheets" within the meaning of the no-action letter dated February 17, 1995 issued by the Division of Corporation Finance of the Commission to the Public Securities Association (the "PSA Letter"), the filing of which material is a condition of the relief granted in such letter (such materials being the "Structural Term Sheets"). Each delivery of Computational Materials and Structural Term Sheets to the Company pursuant to this paragraph (a) shall be effected by delivering four copies of such materials to counsel for the Company on behalf of the Company at the address specified in Section 3 hereof and one copy of such materials to the Company.
Computational Materials and Structural Term Sheets. (a) Not later than 5 p.m., New York time, on the business day before the date on which the applicable ABS Filing relating to the Securities of a Series is required to be filed by the Depositor with the Commission pursuant to Section 5(b) hereof, the Representative shall deliver to the Depositor a complete copy of all materials provided by the Underwriters to prospective investors in such Securities that constitute (i) "Computational Materials" within the meaning of the no-action letter dated May 20, 1994, issued by the Division of Corporation Finance of the Commission to ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Asset Corporation I, ▇▇▇▇▇▇, Peabody & Co. Incorporated and ▇▇▇▇▇▇ Structured Asset Corporation and the no-action letter dated May 27, 1994, issued by the Division of Corporation Finance of the Commission to the Public Securities Association (together, the "▇▇▇▇▇▇ LETTERS"), the filing of which material is a condition of the relief granted in such letters (such materials being the "COMPUTATIONAL MATERIALS") and (ii) "Structural Term Sheets" within the meaning of the no-action letter dated February 17, 1995, issued by the Division of Corporation Finance of the Commission to the Public Securities Association (the "PSA LETTER"), the filing of which material is a condition of the relief granted in such letter (such materials being the "STRUCTURAL TERM SHEETS"); prior to such delivery by the Representative to the Depositor of such materials, the Representative shall notify, or cause to be notified, the Depositor or its counsel by telephone of its intention to deliver such materials and the approximate date on which such delivery of such materials is expected to occur.
Computational Materials and Structural Term Sheets. (a) Each Underwriter agrees to provide to the Company no less than two business days prior to the date on which the Prospectus is proposed to be filed pursuant to Rule 424(b) under the Act, for the purpose of permitting the Company to comply with the filing requirement set forth in Section 5(a), all information (in such written or electronic format as required by the Company) with respect to the Notes which constitutes "Computational Materials", as defined in the Commission's No-Action Letter, dated May 20, 1994, addressed to ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ Acceptance Corporation I, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ & Co. Incorporated and ▇▇▇▇▇▇ Structured Asset Corporation, and the no-action letter dated May 27, 1994 issued by the Division of Corporation Finance of the Commission to the Public Securities Association (together, the "▇▇▇▇▇▇ Letters"), the filing of which material is a condition of the relief granted in such letters (such materials being the "Computational Materials"), and (ii) "Structural Term Sheets" within the meaning of the no-action letter dated February 17, 1995 issued by the Division of Corporation Finance of the Commission to the Public Securities Association (the "PSA Letter") and the filing of such material is a condition of the relief granted in such letter (such materials being the "Structural Term Sheets"), such delivery to be made not later than 10:30 a.m. New York on the business day immediately following the date on which such Computational Materials or Structural Term Sheets was first delivered to a prospective investors in the Notes. Each delivery of Computational Materials and Structural Term Sheets to the Company pursuant to this paragraph (a) shall be effected in accordance with Section 10.
(b) Each Underwriter represents and warrants to and agrees with the Company, as of the date hereof and as of the Closing Date, that:
(i) the Computational Materials furnished to the Company by such Underwriter pursuant to Section 8(a) constitute (either in original, aggregated or consolidated form) all of the materials furnished to prospective investors by such Underwriter prior to the time of delivery thereof to the Company that are required to be filed with the Commission with respect to the Notes in accordance with the ▇▇▇▇▇▇ Letters, and such Computational Materials comply with the requirements of the ▇▇▇▇▇▇ Letters;
(ii) the Structural Term Sheets furnished to the Company by such Underwriter pursuant to Section 8(a) constitute all of the materials furnished to pr...
Computational Materials and Structural Term Sheets. Each Underwriter represents and warrants to and agrees with the Company, as of the date hereof and as of the Closing Date, that it has not used, and will not use, any Derived Information (as such term is defined below) in connection with the offering of the Offered Notes. For purposes of this Agreement, “Derived Information” means the type of information defined as Collateral Term Sheets, Structural Term Sheets or Computational Materials (as such terms are interpreted in the No-Action Letters (as defined below)). The terms “Collateral Term Sheet” and “Structural Term Sheet” shall have the respective meanings assigned to them in the February 13, 1995 letter (the “PSA Letter”) of Cleary, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ on behalf of the Public Securities Association (which letter, and the Commission staff’s response thereto, were publicly available February 17, 1995), and with respect to “Collateral Term Sheet” includes any subsequent Collateral Term Sheet that reflects a substantive change in the information presented. The term “Computational Materials” has the meaning assigned to it in the May 17, 1994 letter of ▇▇▇▇▇ & ▇▇▇▇ on behalf of ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ & Co., Inc. (which letter, and the Commission staff’s response thereto, were publicly available May 20, 1994) (the “▇▇▇▇▇▇ Letter”, and together with the PSA Letter, the “No-Action Letters”).
Computational Materials and Structural Term Sheets. (a) Not later than 10:30 a.m., New York time, on the business day before the date on which the Current Report relating to the Offered Certificates of a Series is required to be filed
Computational Materials and Structural Term Sheets. (a) The Representative agrees to provide to the Depositor no less than two business days prior to the date on which the Prospectus is proposed to be filed pursuant to Rule 424(b) under the Act, for the purpose of permitting the Depositor to comply with the filing requirement set forth in Section 5(c), all information (in such written or electronic format as required by the Depositor) prepared by it with respect to the related Series of
Computational Materials and Structural Term Sheets. (a) Not later than 10:30 a.m., New York time, on the business day before the date on which the Current Report relating to the Offered Certificates of a Series is required to be filed by the Company with the Commission pursuant to Section 5(b) hereof, the Underwriters shall deliver to the Company five complete copies
Computational Materials and Structural Term Sheets. It is understood that the Underwriters may prepare and provide to prospective investors certain Computational Materials and Structural Term Sheets in connection with their offering of the Class A Notes, subject to the following conditions:
(a) The Underwriters shall comply with all applicable laws and regulations in connection with the use of Computational Materials, including the No-Action letter of May 20, 1994 issued by the Commission to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody & Co. Inc▇▇▇▇▇▇ted and Kidder Structured Asset Corp▇▇▇▇▇▇n ▇▇ ▇▇▇▇ applicable to other iss▇▇▇▇ ▇nd underwriters by the Commission in response to the request of the Public Securities Association dated May 24, 1994 (collectively, the "Kidder/PSA Letter"), as well as the PSA Letter referred to below. T▇▇ ▇▇▇erwriters shall comply with all applicable laws and regulations in connection with the use of Collateral Term Sheets and Structural Term Sheets, including the No-Action Letter of February 17, 1995 issued by the Commission to the Public Securities Association (the "PSA Letter" and, together with the Kidder/PSA Letter, the "No-Action Letters").
(b) As used ▇▇▇▇▇▇, "Computational Materials" shall have the meaning given such term in the No-Action Letters, but shall include only those Computational Materials that have been prepared and delivered to prospective investors by or at the direction of the Underwriters. As used herein, "Structural Term Sheets" shall have the meaning given such term in the PSA Letter, but shall include only those Structural Term Sheets that have been prepared and delivered to prospective investors by or at the direction of the Underwriters.
Computational Materials and Structural Term Sheets. [Note: This section will be revamped post-effectiveness of Regulation AB]
(a) The Representative agrees to provide to the Depositor no less than two business days prior to the date on which the Prospectus is proposed to be filed pursuant to Rule 424(b) under the Act, for the purpose of permitting the Depositor to comply with the filing requirement set forth in Section 5(a), all information (in such written or electronic format as required by the Depositor) prepared by it with respect to the related Series of
Computational Materials and Structural Term Sheets. (a) Not later than 2:00 p.m., New York time, on the business day before the date on which the Current Report relating to the Certificates of a Series is required to be filed by the Company with the Commission pursuant to Section 5(b) hereof, you and any other applicable Underwriter shall deliver to the Company, and unless otherwise agreed to by the Company, in a form reasonably convertible to an EDGA▇ ▇▇▇ing format, a copy of all materials provided by the Underwriters to prospective investors in such Certificates which constitute (i) "Computational Materials, within the meaning of the no-action letter dated May 20, 1994 issued by the Division of Corporation Finance of the Commission to Kidd▇▇, ▇▇abody Acceptance Corporation I, Kidd▇▇, ▇▇ab▇▇▇ & ▇o.
