Solely for purposes of Section Sample Clauses

Solely for purposes of Section. 1.860G 1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC II Regular Interest. REMIC I will be evidenced by (x) the REMIC I Regular Interests (designated below), which will be uncertificated and non-transferable and are hereby designated as the "regular interests" in REMIC I and (y) the Class R-I Certificates, which is hereby designated as the single class of "residual interests" in REMIC I. On each Distribution Date, the Trustee shall cause the REMIC I Distribution Amount to be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be , in the amounts and with the priorities set forth in the definition of REMIC I Distribution Amount. The REMIC I Regular Interests and the Class R-I Certificates will have the following designations and pass-through rates:
Sample 1Sample 2
AutoNDA by SimpleDocs
Solely for purposes of Section. 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest.
Sample 1Sample 2
Solely for purposes of Section. 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest. (2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. REMIC II -------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the REMIC I Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC II." The Class R-II Interest will evidence the sole class of "residual interests" in REMIC II for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, the initial aggregate Certificate Principal Balance and, solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for the indicated Classes of Certificates. Initial Aggregate Certificate Principal Latest Possible Designation Pass-Through Rate Balance Maturity Date(1) ----------- ----------------- ------- ---------------- Class A-1A Variable(2) $ 404,820,000.00 April 25, 2034 Class A-1B Variable(2) $ 44,980,000.00 April 25, 2034 Class A-2 Variable(2) $ 117,860,000.00 April 25, 2034 Class A-3 Variable(2) $ 66,120,000.00 April 25, 2034 Class A-4 Variable(2) $ 58,220,000.00 April 25, 2034 Class M-1 Variable(2) $ 20,000,000.00 April 25, 2034 Class M-2 Variable(2) $ 18,000,000.00 April 25, 2034 Class M-3 Variable(2) $ 10,000,000.00 April 25, 2034 Class M-4 Variable(2) $ 12,000,000.00 April 25, 2034 Class M-5 Variable(2) $ 10,000,000.00 April 25, 2034 Class M-6 Variable(2) $ 9,200,000.00 April 25, 2034 Class M-7 Variable(2) $ 8,000,000.00 April 25, 2034 Class M-8 Variable(2) $ 8,000,000.00 April 25, 2034 Class M-9 Variable(2) $ 8,000,000.00 April 25, 2034 Class CE Variable(3) $ 4,800,708.27 April 25, 2034 Class P N/A(4) $ 100.00 April 25, 2034
Sample 1
Solely for purposes of Section. 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC III Regular Interest. (2) Calculated in accordance with the definition of "Uncertificated REMIC III Pass-Through Rate" herein. (3) REMIC III Regular Interest LTIII-IO-A will accrue interest at a rate of (i) for the first twelve Distribution Dates, 1.00% and (ii) thereafter, 0.00%. (4) REMIC III Regular Interest LTIII-IO-A will not have an Uncertificated Principal Balance, but will accrue interest on its Uncertificated Notional Amount, as defined herein. (5) REMIC III Regular Interest LTIII-IO-B will accrue interest at a rate of (i) for the first twenty-four Distribution Dates, 3.50% and (ii) thereafter, 0.00%. (6) REMIC III Regular Interest LTIII-IO-B will not have an Uncertificated Principal Balance, but will accrue interest on its Uncertificated Notional Amount, as defined herein. REMIC IV -------- As provided herein, the Trustee shall elect to treat the segregated pool of assets consisting of the REMIC III Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets shall be designated as "REMIC IV". Component R-4 of the Class I/II-R Certificate shall represent the sole class of "residual interests" in REMIC IV for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-through Rate and initial Certificate Principal Balance for each Class of Certificates which, together with the Class R-4 Component, constitute the entire beneficial interests in REMIC IV. Determined solely for purposes of satisfying Treasury regulation section 1.860G-1(a)(4)(iii), the "latest possible maturity date" for each Class of Certificates shall be the Distribution Date in the month following the maturity date for the Loan in the related Loan Group with the latest maturity date: Initial Certificate Class Principal Assumed Final Designation Balance Pass-Through Rate Maturity Date(1) ------------ ----------- -------------------------- ---------------- Class I-A-1 $89,161,000 One Month LIBOR + 0.21% (2) April 25, 2034 Class I-A-2 $22,333,000 4.010%(2) April 25, 2034 Class I-A-3 $46,803,000 4.940% (2) April 25, 2034 Class I-A-4 $30,347,000 5.830% (2) April 25, 2034 Class I-A-5 $22,621,000 6.000% (2) April 25, 2034 Class I-A-6 $25,002,000 5.650% (2) A...
Sample 1
Solely for purposes of Section. 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates that represents one or more of the "regular interests" in REMIC II. (2) Calculated in accordance with the definition of "Pass-Through Rate" herein. (3) The Class S Certificates will receive all amounts distributed to Component SA and Component SB, each of which Components represents a "regular interest" in REMIC II. (4) Component SA and Component SB will not have Certificate Principal Balances, but will accrue interest on their Component Notional Amounts outstanding from time to time which in each case shall equal the Uncertificated Principal Balance of Uncertificated REMIC I Regular Interest LTB. (5) 2.50% per annum for the first 30 Distribution Dates and 0.00% per annum thereafter. (6) 1.50% per annum for the first 12 Distribution Dates and 0.00% per annum thereafter. (7) The Class P Certificates will not accrue interest. The Class P Certificates will receive all Prepayment Charges and payments of principal distributed to Uncertificated REMIC I LTP.
Sample 1
Solely for purposes of Section. 2.1 and in order to secure the performance of each Shareholder’s obligations under Section 2.1, each Shareholder hereby: (i) appoints each Proxy Holder (as defined in Section 2.1(i)) acting severally the attorney-in-fact of such Shareholder (with full power of substitution) for the purpose of signing written resolutions circulated pursuant to Section 2.1(g) on behalf of such Shareholder; and (ii) agrees on the date hereof to grant a proxy to each Proxy Holder in the form attached hereto as Exhibit F for the purpose of voting the Voting Shares held by such Shareholder at a general meeting convened pursuant to Section 2.1(g). Each Shareholder acknowledges and agrees that the power of attorney granted by such Shareholder pursuant to this Section 2.1 is coupled with an interest and is irrevocable, and that the proxy to be granted pursuant to this Section 2.1 shall be coupled with an interest and shall be irrevocable.
Sample 1
Solely for purposes of Section. 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date in the month immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each Class of Certificates. (2) Calculated in accordance with the definition of "Pass-Through Rate" herein. (3) The Class C Certificates will accrue interest at its variable Pass-Through Rate on the Notional Amount of the Class C Interest outstanding from time to time which shall equal the aggregate of the Uncertificated Principal Balances of the REMIC 1 Regular Interests. The Class C Certificates will not accrue interest on its Class Certificate Principal Balance. (4) The Class P Certificates will not accrue interest.
Sample 1
AutoNDA by SimpleDocs
Solely for purposes of Section. 6.2 and Article 9 Qiming Investment Limited, a British Virgin Islands company /s/ Xxxxxx Xx, Chief Executive Officer and Director Xiniya Holdings Limited /s/ Xxxxxx Xx, Director Xiniya (China) Company Limited /s/ Xxxxxx Xx, Director Xiamen Xiniya Enterprise Management Consulting Co., Ltd. /s/ Xxxxxx Xx, Director Fujian Xiniya Garments and Weaving Co., Ltd. /s/ Xxxxxx Xx, Director SOLELY FOR PURPOSES OF SECTION 6.2 and Article 9 Chutian Financial Holdings (Hong Kong) Limited /s/ Wei Qizhi Hubei Chutian Microfinance Co., Ltd. /s/ Wei Qizhi Wuhan Chutian Investment Holding Co., Ltd. /s/ Wei Qizhi
Sample 1

Related to Solely for purposes of Section

  • For purposes of Sections 1.1 and 1.4, the Company shall be the designee of the Fund for receipt of purchase and redemption orders from the Account, and receipt by such designee shall constitute receipt by the Fund; provided that the Company receives the order by 4:00 p.m. Baltimore time and the Fund receives notice of such order by 9:30 a.m. Baltimore time on the next following Business Day. "Business Day" shall mean any day on which the New York Stock Exchange is open for trading and on which the Fund calculates its net asset value pursuant to the rules of the SEC.

  • Partnership Only for Purposes Specified The Partnership shall be a partnership only for the purposes specified in Section 3.1, and this Agreement shall not be deemed to create a partnership among the Partners with respect to any activities whatsoever other than the activities within the purposes of the Partnership as specified in Section 3.1. Except as otherwise provided in this Agreement, no Partner shall have any authority to act for, bind, commit or assume any obligation or responsibility on behalf of the Partnership, its properties or any other Partner. No Partner, in its capacity as a Partner under this Agreement, shall be responsible or liable for any indebtedness or obligation of another Partner, nor shall the Partnership be responsible or liable for any indebtedness or obligation of any Partner, incurred either before or after the execution and delivery of this Agreement by such Partner, except as to those responsibilities, liabilities, indebtedness or obligations incurred pursuant to and as limited by the terms of this Agreement and the Act.

  • For purposes of Treas Reg. Section 1.671- 5(f)(1)(iv)(A)(2), the date of the last deposit under 2.01(b) prior to the expiration of the initial offering period, as certified to the Trustee by the Depositor, shall be considered the 'start-up date' of the Trust.

  • Application of Section 409A It is intended that all of the severance payments payable under this Agreement satisfy, to the greatest extent possible, the exemptions from the application of Section 409A of the Code and the regulations and other guidance thereunder and any state law of similar effect (collectively, “Section 409A”) provided under Treasury Regulations Sections 1.409A-1(b)(4) and 1.409A-1(b)(9), and this Agreement will be construed in a manner that complies with Section 409A. If not so exempt, this Agreement (and any definitions hereunder) will be construed in a manner that complies with Section 409A, and incorporates by reference all required definitions and payment terms. No severance payments will be made under this Agreement unless Executive’s termination of employment constitutes a “separation from service” (as defined under Treasury Regulation Section 1.409A-1(h)). For purposes of Section 409A (including, without limitation, for purposes of Treasury Regulations Section 1.409A-2(b)(2)(iii)), Executive’s right to receive any installment payments under this Agreement (whether severance payments or otherwise) shall be treated as a right to receive a series of separate payments and, accordingly, each installment payment hereunder shall at all times be considered a separate and distinct payment. If the Company determines that the severance benefits provided under this Agreement constitutes “deferred compensation” under Section 409A and if Executive is a “specified employee” of the Company, as such term is defined in Section 409A(a)(2)(B)(i) of the Code at the time of Executive’s Separation from Service, then, solely to the extent necessary to avoid the incurrence of the adverse personal tax consequences under Section 409A, the timing of the Severance will be delayed as follows: on the earlier to occur of (a) the date that is six months and one day after Executive’s Separation from Service, and (b) the date of Executive’s death (such earlier date, the “Delayed Initial Payment Date”), the Company will (i) pay to Executive a lump sum amount equal to the sum of the severance benefits that Executive would otherwise have received through the Delayed Initial Payment Date if the commencement of the payment of the severance benefits had not been delayed pursuant to this Section 6.8 and (ii) commence paying the balance of the severance benefits in accordance with the applicable payment schedule set forth in Section 6. No interest shall be due on any amounts deferred pursuant to this Section 6.8. To the extent that any Severance Benefits are deferred compensation under Section 409A of the Code, and are not otherwise exempt from the application of Section 409A, then, if the period during which Executive may consider and sign the Release spans two calendar years, the payment of any such Severance Benefit will not be made or begin until the later calendar year.

  • Amendment of Section 9.2. Section 9.2 of the Credit Agreement is hereby amended to read in its entirety as follows:

  • Application of Section 409A of the Code The parties intend that the delivery of Shares in respect of the Units provided under this Agreement satisfies, to the greatest extent possible, the exemption from the application of Section 409A of the Code and the regulations and other guidance thereunder and any state law of similar effect (collectively, “Section 409A”) provided under Treasury Regulations Section 1.409A-1(b)(4) (or any other applicable exemption), and this Agreement will be construed to the greatest extent possible as consistent with those provisions. To the extent not so exempt, the delivery of Shares in respect of the Units provided under this Agreement will be conducted, and this Agreement will be construed, in a manner that complies with Section 409A and is consistent with the requirements for avoiding taxes or penalties under Section 409A. The parties further intend that each installment of any payments provided for in this Agreement is a separate “payment” for purposes of Treasury Regulation Section 1.409A-2(b)(2)(i). To the extent that (a) one or more of the payments received or to be received by Grantee pursuant to this Agreement would constitute deferred compensation subject to the requirements of Section 409A, and (b) Grantee is a “specified employee” within the meaning of Section 409A, then solely to the extent necessary to avoid the imposition of any additional taxes or penalties under Section 409A, the commencement of any payments under this Agreement will be deferred until the date that is six months following the Grantee’s termination of Continuous Service (or, if earlier, the date of death of the Grantee) and will instead be paid on the date that immediately follows the end of such six-month period (or death) or as soon as administratively practicable within thirty (30) days thereafter. The Company makes no representations to Grantee regarding the compliance of this Agreement or the Units with Section 409A, and Grantee is solely responsible for the payment of any taxes or penalties arising under Section 409A(a)(1), or any state law of similar effect, with respect to the grant or vesting of the Units or the delivery of the Shares hereunder.

  • Amendment of Section 6 14. Section 6.14 of the Credit Agreement is amended to read as follows:

  • Amendment of Section 10 1. Section 10.1 of the Note Agreement is amended to read in its entirety as follows:

  • Amendment of Section 4 6. Pursuant to Section 9.2 of the Indenture, Section 4.6(a) of the Indenture is hereby amended and restated in its entirety to read as follows:

  • Amendment of Section 5 05. Section 5.05 of the Original Agreement is hereby amended and restated as follows:

Time is Money Join Law Insider Premium to draft better contracts faster.