AFX definition

AFX. Borrower has been named as a defendant in a number of complaints, in each case alleging a variety of product liability-based claims pertaining to Borrower’s AFX with Strata product. Borrower believes it has insurance responsive to these claims, which insurance provides for a $150,000 per claim deductible and an aggregate one million dollar aggregate deductible (for the policy year applicable to these claims). Borrower believes plaintiffs’ claims are without merit and is vigorously defending the action.
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AFX. The Company has been named as a defendant in a number of complaints, in each case alleging a variety of product liability-based claims pertaining to the Company’s AFX with Strata product. The Company believes it has insurance responsive to these claims, which insurance provides for a $150,000 per claim deductible and an aggregate one million dollar aggregate deductible (for the policy year applicable to these claims). The Company believes plaintiffs’ claims are without merit and is vigorously defending the action.
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Examples of AFX in a sentence

  • All reductions in the Class Principal Balances of the respective Classes of the Principal Balance Certificates and the Class A-FX Regular Interest under this subsection (a) shall constitute allocations of Realized Losses and Additional Trust Fund Expenses.

  • The rights of the Holders of the Class A-FX, Class A-FL and Class V Certificates to receive distributions from the related proceeds of the Grantor Trust Pool, and all ownership interests of such Holders in and to such distributions, shall be as set forth in this Agreement.

  • The Trustee, by its execution and delivery hereof, acknowledges the assignment to it of the assets of the Grantor Trust Pool and declares that it holds and will hold such assets in trust for the exclusive use and benefit of all present and future Holders of the Class A-FX, Class A-FL and Class V Certificates, as applicable.

  • For the avoidance of doubt, any exchange by a holder of a Class A-FL Certificate of any portion of its Certificate Principal Balance for an equal Certificate Principal Balance of Class A-FX Certificates will not be deemed an amendment of this Agreement.

  • For federal income tax purposes, such surrender and release shall be treated as a purchase of such Mortgage Loans and REO Properties for an amount of cash equal to all amounts due in respect thereof after the distribution of amounts remaining in the Distribution Account, and a crediting of such amounts as a final distribution on all remaining REMIC I Regular Interests, REMIC II Regular Interests, Regular Certificates and the Class A-FX Regular Interest.

  • Any reduction in the Class Principal Balance of the Class A-FX Regular Interest for any Distribution Date pursuant to this Section 4.04(a) shall be allocated between the Class A-FX and Class A-FL Certificates in accordance with the Class A-FX Percentage Interest for such Distribution Date and the Class A-FL Percentage Interest for such Distribution Date, respectively.

  • The Custodian declares that it holds and will hold such documents and any other documents received by it that constitute portions of the Mortgage Files, and that it holds and will hold the Original Mortgage Loans and such other assets, together with any other Mortgage Loans and assets subsequently delivered to it that are to be included in the Trust Fund, in trust for the exclusive use and benefit of all present and future Certificateholders and the Trustee (as holder of the Class A-FX Regular Interest).

  • Any Excess Trust Advisor Expenses allocated to the Class A-FX Regular Interest for any Distribution Date pursuant to this Section 4.05(a) shall be allocated between the Class A-FX and Class A-FL Certificates in accordance with the Class A-FX Percentage Interest for such Distribution Date and the Class A-FL Percentage Interest for such Distribution Date, respectively.

  • Simultaneously with the issuance of the Regular Certificates and the Class A-FX Regular Interest, the Certificate Registrar shall execute, and the Authenticating Agent shall authenticate and deliver, to or upon the order of the Depositor, the Class R Certificates in authorized denominations, and evidencing the entire beneficial ownership of each of the REMIC I Residual Interest, the REMIC II Residual Interest and the REMIC III Residual Interest.

  • Each Swing Line Loan shall be either a Base Rate Loan or, as requested by the Company and as agreed to by the Administrative Agent and Swing Line Lender, a Loan that bears interest based on the AFX Overnight Rate.