Specified Interest Sample Clauses

Specified Interest. Notwithstanding anything to the contrary in this Note, for purposes of calculating interest on this Note due on October 15, 2022 and January 15, 2023, the outstanding principal amount of this Note shall be deemed to be Two Million Five Hundred Thousand ($2,500,000) until November 15, 2022, as may be further reduced by amortization payments made in accordance with Section 6(b) on such date and thereafter.
Sample 1See All (4)
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Specified Interest. The Senior Noteholder by accepting this Senior Note acknowledges and agrees that, if an Insolvency Event occurs with respect to any Titling Company, any claim that such Senior Noteholder may seek to enforce against such Titling Company or the Specified Assets allocated to any Specified Interest of such Titling Company other than the Specified Interest represented by a Series 2000-1 Certificate shall be subordinated to the payment in full, including post-petition interest, of the claims of the holders of any Securities related to the Specified Assets allocated to such other Specified Interests of such Titling Company. Each Senior Noteholder or Senior Note Owner, by acceptance of a Senior Note or, in the case of a Senior Note Owner, a beneficial interest in a Senior Note, covenants and agrees that no recourse may be taken, directly or indirectly, with respect to the obligations of the Lease Trust, the Lease Trustee or the Indenture Trustee on the Senior Notes or under the Indenture or any certificate or other writing delivered in connection therewith, against (i) the Indenture Trustee or the Lease Trustee in their individual capacities, (ii) any owner of a beneficial interest in the Lease Trust or (iii) any partner, owner, beneficiary, agent, officer, director or employee of the Indenture Trustee or the Lease Trustee in their individual capacities, any holder of a beneficial interest in the Lease Trust, the Lease Trustee or the Indenture Trustee or of any successor or assign of the Indenture Trustee or the Lease Trustee in their individual capacities, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully liable, to the extent provided by applicable law, for any unpaid consideration for stock, unpaid capital contribution or failure to pay any installment or call owing to such entity. The Senior Notes represent obligations of the Lease Trust only and do not represent interests in, recourse to or obligations of RCL Trust 2000-1, Ford Credit or any of their respective affiliates. Each Senior Noteholder or Senior Note Owner, by acceptance of a Senior Note or, in the case of a Senior Note Owner, a beneficial interest in a Senior Note, covenants and agrees that by accepting the benefits of the Indenture that such Senior Noteholder will not at any time institute against the Lease Trust, any Titling Company or RCL Trust 2000-1, or join in any institution against the Lease Trust, any Titling Company o...
Sample 1See All (4)
Specified Interest. The Lease Trust Certificateholder by accepting a Lease Trust Certificate acknowledges and agrees (i) that if an Insolvency Event occurs with respect to any Titling Company, any claim that such Lease Trust Certificateholder may seek to enforce against such Titling Company or the Specified Assets allocated to any Specified Interest of such Titling Company other than the Specified Interest represented by a Series 2000-1 Certificate ("Other Specified Interest") shall be subordinated to the payment in full, including post-petition interest, of the claims of the holders of any Securities related to the Specified Assets allocated to such Other Specified Interests and (ii) that the Lease Trust Agreement constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code. The Lease Trust Certificateholder by accepting this Lease Trust Certificate further covenants and agrees for a period of one year and one day after payment in full of the Series 2000-1 Certificates, it will not institute against the Depositor or the Lease Trust, or join in the institution against the Depositor or the Lease Trust of any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or State bankruptcy or similar law in connection with any obligations relating to the Lease Trust Certificates, the Subordinated Notes, the Senior Notes, the Lease Trust Agreement or any of the other Basic Documents. Distributions on this Lease Trust Certificate will be made as provided in the Lease Trust Agreement by the Lease Trustee by wire transfer or check mailed to Person whose name appears as the registered holder of this Lease Trust Certificate (or one or more predecessor Lease Trust Certificates) on Lease Trust Register as of the close of business on each Record Date, except that with respect to Lease Trust Certificates registered on the Record Date in the name of the nominee of DTC (initially, such nominee to be Cede & Co.), payments will be made by wire transfer in immediately available funds to an account maintained by such nominee. Except as otherwise provided in the Lease Trust Agreement and notwithstanding the above, the final distribution on this Lease Trust Certificate will be made after due notice by the Lease Trustee of the pendency of such distribution and only upon presentation and surrender of this Lease Trust Certificate at the office or agency maintained for the purpose by the Lease Trust...
Sample 1
Specified Interest. We acknowledge and agree (i) that if an Insolvency Event occurs with respect to any Titling Company, any claim that we may seek to enforce against such Titling Company or the Specified Assets allocated to any Specified Interest of such Titling Company other than the Specified Interest represented by a Series 2000-1 Certificate ("Other Specified Interest") shall be subordinated to the payment in full, including post-petition interest, of the claims of the holders of any Securities related to the Specified Assets allocated to such Other Specified Interests and (ii) that the Lease Trust Agreement constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code. You are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Lease Trust Agreement and the definitions appendices incorporated by reference therein. Very truly yours, By: ---------------------- Name: Title: Securities To Be Purchased: $ ___________ principal amount of Certificates EXHIBIT E [FORM OF INVESTMENT LETTER INSTITUTIONAL ACCREDITED INVESTOR] [Date] Ford Credit Auto Lease Trust 2000-1 as Issuer The Bank of New York (Delaware) as Lease Trustee and Lease Trust Registrar 101 Xxxxxxx Xxxxxx - 12E New York, New York 10286 Attention: Corporate Trust Administration Merrxxx Xxxch, Pierce, Fennxx & Xmitx Incorporated as Initial Purchaser in connection with the Offering Circular referred to below 250 Xxxxx Xxxxxx Xxx York, New York 10281 Attention: [ ] [ ] as Initial Purchaser in connection with the Offering Circular referred to below [ ] [ ] [ ] Ladies and Gentlemen: In connection with our proposed purchase of the [ ]% Asset Backed Lease Trust Certificates (the "Certificates") of Ford Credit Auto Lease Trust 2000-1 (the "Issuer"), a trust formed by RCL Trust 2000-1 (the "Depositor") pursuant to the Trust Agreement, dated as of [ ], 2000 (the "Lease Trust Agreement"), between the Depositor and The Bank of New York (Delaware), as Lease Trustee, we confirm that:
Sample 1
Specified Interest. We acknowledge and agree (i) that if an Insolvency Event occurs with respect to any Titling Company, any claim that we may seek to enforce against such Titling Company or the Specified Assets allocated to any Specified Interest of such Titling Company other than the Specified Interest represented by a Series 2000-1 Certificate ("Other Specified Interest") shall be subordinated to the payment in full, including post-petition interest, of the claims of the holders of any Securities related to the Specified Assets allocated to such Other Specified Interests and (ii) that the Lease Trust Agreement constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code. You are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Lease Trust Agreement and the definitions appendices incorporated by reference therein. Very truly yours, By: ------------------------- Name: Title: Securities To Be Purchased: $_____________ principal amount of Certificates EXHIBIT F [FORM OF CUSTODIAL AGREEMENT] [Date] [Merrxxx Xxxch, Pierce, Fennxx & Xmitx Incorporated 250 Xxxxx Xxxxxx Xxx York, New York 10281 Attention: [ ]] [[ ] [ ] [ ] Attention: [ ]]
Sample 1

Related to Specified Interest

  • Additional Interests If any Pledgor shall at any time acquire or hold any additional Pledged Interests, including any Pledged Interests issued by any Subsidiary not listed on Schedule I hereto which are required to be subject to a Lien pursuant to a Pledge Agreement by the terms hereof or of any provision of the Revolving Credit Agreement (any such shares being referred to herein as the “Additional Interests”), such Pledgor shall deliver to the Administrative Agent for the benefit of the Revolving Secured Parties (i) a Pledge Agreement Supplement in the form of Exhibit A hereto with respect to such Additional Interests duly completed and executed by such Pledgor and (iii) any other document required in connection with such Additional Interests as described in Section 2(c). Each Pledgor shall comply with the requirements of this Section 21 concurrently with the acquisition of any such Additional Interests or, in the case of Additional Interests to which Section 6.14 of the Revolving Credit Agreement applies, within the time period specified in such Section or elsewhere in the Revolving Credit Agreement with respect to such Additional Interests; provided, however, that the failure to comply with the provisions of this Section 21 shall not impair the Lien on Additional Interests conferred hereunder.

  • Assigned Interest[s] Assignor[s](5) Assignee[s](6) Aggregate Amount of Commitment for all Lenders(7) Amount of Commitment Assigned Percentage Assigned of Commitment(8) CUSIP Number $ $ % $ $ % $ $ %

  • Assigned Interest 1 Select as applicable Facility Assigned2 Aggregate Amount of Commitment/Loans for all Lenders Amount of Commitment/Loans Assigned Percentage Assigned of Commitment/Loans3 $ $ % $ $ % $ $ % Effective Date: _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] The Assignee agrees to deliver to the Administrative Agent a completed Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Borrowers and their related parties or their respective securities) will be made available and who may receive such information in accordance with the Assignee's compliance procedures and applicable laws, including Federal and state securities laws. By its acceptance of this Assignment, the Assignee hereby agrees to be bound by the terms and provisions of the Intercreditor Agreement and to comply (and cause any Affiliate thereof which is the holder of any Bank Debt (as defined in the Intercreditor Agreement) to comply) with such terms and provisions. The foregoing agreement shall inure to the benefit of all “Bank Creditors” under the Intercreditor Agreement. ______________________________________ 2 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g. “Revolving Commitment”) 3 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. The terms set forth in this Assignment and Assumption are hereby agreed to: ASSIGNOR [NAME OF ASSIGNOR] By: Title: ASSIGNEE [NAME OF ASSIGNEE] By: Title: [Consented to and]4 Accepted: JPMORGAN CHASE BANK, N.A., as Administrative Agent By__________________________________ Title: [Consented to:]5 [__________________________________] By__________________________________ Title: ______________________________________ 4 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.

  • Scheduled Interest The Borrower shall pay interest on the unpaid principal amount of each Advance owing to each Lender from the date of such Advance until such principal amount shall be paid in full, at the following rates per annum:

  • Payment of Purchase Price for the Mortgage Loans (a) In consideration of the sale of the Initial Mortgage Loans from each of the Sellers to the Purchaser on the Closing Date, the Purchaser agrees to transfer to the applicable Seller on the Closing Date the purchase price for the applicable Initial Mortgage Loans provided in the Adoption Annex attached as Annex 1 to this Agreement (the "Adoption Annex").

  • Closing; Payment for the Mortgage Loans The closing of the purchase and sale of the Mortgage Loans shall be held at the New York City office of Xxxxxxx Xxxxxxxx & Xxxx LLP at 10:00 AM New York City time on the Closing Date. The closing shall be subject to each of the following conditions:

  • Payment of Additional Interest (a) Under certain circumstances the Company will be obligated to pay certain additional amounts of interest to the Holders of certain Initial Notes, as more particularly set forth in such Initial Notes.

  • Penalty Interest (1) If the loan is overdue or not used for the purpose specified in the contract, from the date of overdue or misappropriation, the penalty interest shall be calculated and collected according to the penalty interest rate specified in this paragraph for the overdue or misappropriated part until the principal and interest are paid off. For overdue and misappropriated loans, the penalty interest shall be calculated and charged at higher penalty interest rate.

  • Imputed Interest The principles of Sections 1272, 1274, or 483 of the Code, as applicable, and the principles of any similar provision of U.S. state and local law, will apply to cause a portion of any Net Tax Benefit payable by the Corporation to a Member under this Agreement to be treated as imputed interest (“Imputed Interest”). For the avoidance of doubt, the deduction for the amount of Imputed Interest as determined with respect to any Net Tax Benefit payable by the Corporation to a Member shall be excluded in determining the Hypothetical Tax Liability of the Corporation for purposes of calculating Realized Tax Benefits and Realized Tax Detriments pursuant to this Agreement.

  • Prohibited Interest No member, officer, or employee of the CITY shall have any interest, direct or indirect, in this Agreement or the proceeds thereof.

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