Solely for purposes of Treas Sample Clauses

Solely for purposes of Treas. Reg. 1.860G-1(a)(4)(iii), a hypothetical Payment Date in the month approximately 24 months following the month of the maturity date for the 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 the Master REMIC.
Sample 1See All (8)
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Solely for purposes of Treas. Reg. Sec. 1.860G-1(a)(4)(iii), a hypothetical Remittance Date in the month 14 months following the month of the maturity date for the Contract 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 the Master REMIC.
Sample 1See All (4)
Solely for purposes of Treas. Reg. 1.860G-1(a)(4)(iii), a hypothetical Remittance Date in the month 12 months following the month of the maturity date for the Contract with the latest maturity date has been designated as the "latest possible maturity date" for each class of interests that represents one or more of the "regular interests" in the Subsidiary REMIC. The Seller does not represent that any Class of Uncertificated Subsidiary Interests will, in fact, mature on any given date, except that each regular interest of the Subsidiary REMIC will absolutely mature by the Assumed Final Maturity Date as indicated above. The Class C Subsidiary Certificate is being issued in a single Class and is hereby designated by the Seller as constituting the sole class of "residual interests" in the Subsidiary REMIC for purposes of Section 860G(a)(2) of the Code.
Sample 1
Solely for purposes of Treas. Reg. 1.860G-1(a)(4)(iii), a hypothetical Payment Date in the month approximately 12 months following the month of the maturity date for the Loan with the latest maturity date has been designated as the "latest possible maturity date" for each class of interests that represents one or more of the "regular interests" in the Intermediate REMIC. The Seller does not represent that any Class of Uncertificated Intermediate Interests will, in fact, mature on any given date, except that each regular interest of the Intermediate REMIC will absolutely mature by the Assumed Final Maturity Date as indicated above. Solely for federal income tax purposes, the Intermediate REMIC will issue a Class R-II Interest, which is hereby designated by the Seller as constituting the sole class of "residual interests" in the Intermediate REMIC for purposes of Section 860G(a)(2) of the Code.
Sample 1
Solely for purposes of Treas. Reg. 1.860G-1(a)(4)(iii), a hypothetical Payment Date in the month approximately 12 months following the month of the maturity date for the Loan with the latest maturity date has been designated as the "latest possible maturity date" for each class of interests that represents one or more of the "regular interests" in the Subsidiary REMIC. The Seller does not represent that any Class of Uncertificated Subsidiary Interests or Class P(F) or Class P(V) Interest will, in fact, mature on any given date, except that each regular interest of the Subsidiary REMIC will absolutely mature by the Assumed Final Maturity Date as indicated above. Solely for federal income tax purposes, the Subsidiary REMIC will issue a Class R-I Interest, which is hereby designated by the Seller as the sole class of "residual interests" in the Subsidiary REMIC for purposes of Section 860G(a)(2) of the Code.
Sample 1
Solely for purposes of Treas. Reg. 1.860G-1(a)(4)(iii), a hypothetical Payment Date in the month 24 months following the month of the maturity date for the 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 the Master REMIC. /(2)/ Collectively, the Class A-IO Certificates will be entitled to receive on each Payment Date the distribution on such Payment Date to the Class I-AIO Interest under Section 8.07(a)(i)(C), which is equivalent to interest accrued at the Class A-IO Pass-Through Rate on the Class A-IO Notional Amount. Thus, the Class A-IO Certificates shall effectively accrue interest on an initial notional amount and at a rate as described in the Prospectus Supplement. For federal tax purposes and pursuant to Treas. Reg. 1.860G-1(a)(2)(v), the Class A-IO Certificates collectively will be entitled to 100% of the interest payable on the Class I-AIO Interest.
Sample 1

Related to Solely for purposes of Treas

  • 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.

  • 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.

  • Purposes of the Partnership The purposes of the Partnership are (a) to issue limited partnership interests in the Partnership in the form of Partnership Preferred Securities, (b) to receive the General Partner Capital Contribution, (c) to use substantially all of the Initial Partnership Proceeds to purchase, as an investment, the Initial Debentures, (d) to invest, at all times, an amount equal to at least 1% of the Initial Partnership Proceeds in Eligible Debt Securities, (e) to receive interest and other payments on the Affiliate Investment Instruments and the Eligible Debt Securities held by the Partnership from time to time, (f) to make Distributions on the Partnership Preferred Securities and distributions on the General Partner Interest if, as and when declared by the General Partner in its sole discretion, (g) subject to the restrictions and conditions contained in this Agreement, to make additional investments in Affiliate Investment Instruments and Eligible Debt Securities and to dispose of any such investments and (h) except as otherwise limited herein, to enter into, make and perform all contracts and other undertakings, and engage in those activities and transactions as the General Partner may reasonably deem necessary or advisable for the carrying out of the foregoing purposes of the Partnership. The Partnership may not engage in any other activities or operations except as contemplated by the preceding sentence.

  • Control for Purposes of UCC If the Financial Institution receives any order from the Secured Party or its authorized agent (a) directing disposition of funds in any Collateral Account or (b) directing transfer or redemption of the financial assets relating to the Collateral Accounts (a “Secured Party Order”), the Financial Institution will comply with the Secured Party Order without further consent by the Grantor or any other person.

  • Purposes of Trust (a) The exclusive purposes and functions of the Trust are to (i) issue and sell Trust Securities and use the proceeds from such sale to acquire the Notes and (ii) engage in only those activities necessary or incidental thereto. The Delaware Trustee, the Property Trustee and the Administrative Trustees are trustees of the Trust, and have all the rights, powers and duties to the extent set forth herein. The Trustees hereby acknowledge that they are trustees of the Trust.

  • 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.

  • Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement Except as otherwise expressly provided in this Agreement, all accounting terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to clauses (ii), (iii) and (xii) of subsection 6.1 shall be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in subsection 6.1(v)). Calculations in connection with the definitions, covenants and other provisions of this Agreement shall utilize GAAP as in effect on the date of determination, applied in a manner consistent with that used in preparing the financial statements referred to in subsection 5.3. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and Company, Administrative Agent or Requisite Lenders shall so request, Administrative Agent, Lenders and Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of Requisite Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and Company shall provide to Administrative Agent and Lenders reconciliation statements provided for in subsection 6.1(v).

  • Reporting Entity for the Common Stock The reporting entity relied upon for the determination of the trading price or trading volume of the Common Stock on any given Trading Day for the purposes of this Agreement shall be Bloomberg, L.P. or any successor thereto. The written mutual consent of the Investor and the Company shall be required to employ any other reporting entity.

  • Purposes of the Company The Company has been organized to engage in any lawful act or activity for which a Delaware limited liability company may be formed.

  • Limitation of Transactions So long as any Capital Securities remain outstanding, if (a) there shall have occurred and be continuing an Event of Default or (b) the Guarantor shall have selected an Extension Period as provided in the Declaration and such period, or any extension thereof, shall have commenced and be continuing, then the Guarantor may not (x) declare or pay any dividends or distributions on, or redeem, purchase, acquire, or make a liquidation payment with respect to, any of the Guarantor's capital stock or (y) make any payment of principal of or interest or premium, if any, on or repay, repurchase or redeem any debt securities of the Guarantor that rank pari passu in all respects with or junior in interest to the Debentures (other than (i) payments under this Guarantee, (ii) repurchases, redemptions or other acquisitions of shares of capital stock of the Guarantor (A) in connection with any employment contract, benefit plan or other similar arrangement with or for the benefit of one or more employees, officers, directors, or consultants, (B) in connection with a dividend reinvestment or stockholder stock purchase plan or (C) in connection with the issuance of capital stock of the Guarantor (or securities convertible into or exercisable for such capital stock), as consideration in an acquisition transaction entered into prior to the occurrence of the Event of Default or the applicable Extension Period, (iii) as a result of any exchange or conversion of any class or series of the Guarantor's capital stock (or any capital stock of a subsidiary of the Guarantor) for any class or series of the Guarantor's capital stock or of any class or series of the Guarantor's indebtedness for any class or series of the Guarantor's capital stock, (iv) the purchase of fractional interests in shares of the Guarantor's capital stock pursuant to the conversion or exchange provisions of such capital stock or the security being converted or exchanged, (v) any declaration of a dividend in connection with any stockholder's rights plan, or the issuance of rights, stock or other property under any stockholder's rights plan, or the redemption or repurchase of rights pursuant thereto, or (vi) any dividend in the form of stock, warrants, options or other rights where the dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks pari passu with or junior to such stock).

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