Allocation Agent definition

Allocation Agent means the person specified as such in Schedule 1;

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Allocation Agent means the entity designated by the Authority (which may be the Authority) that agrees to control the Allocation Account in trust for the benefit of the Bond Trustee and the Authority Trustee, to accept all payments from or on behalf of Customers for deposit into the Allocation Account, to notify the Servicer on each Business Day of the amount deposited into the Allocation Account on the preceding Business Day, and, to the extent that funds are available in the Allocation Account, to transfer the estimated Charge Collections and Remittance Shortfalls from the Allocation Account to the Collection Account as instructed by the Servicer or the Bond Trustee in writing and to transfer the Estimated Other Payments as instructed by the Authority or the Authority Trustee. The initial Allocation Agent shall be the Authority.

Allocation Agent means a person certified as an allocation agent pursuant to the Gas Customer Transfer and Reconciliation Code issued under the Gas ▇▇▇ ▇▇▇▇ (Tas).

Examples of Allocation Agent in a sentence

Whenever the Servicer files an Adjustment Notice with the Authority, the Servicer shall send a copy of such filing to the Bond Issuer, the Bond Trustee, the Administrator, the Allocation Agent and the Rating Agencies concurrently therewith, post a copy of such filing on the 17g-5 Website and within thirty (30) days of such filing, to the Electronic Municipal Market Access system maintained by the Municipal Securities Rulemaking Board.
This recognition is granted by the Board on the condition that Local 149 shall admit into membership and shall represent employees within the unit without discriminating on the basis of race, color, religion, national origin, sexual orientation or sex.
If any True-Up Adjustment described in any such Adjustment Notice filing does not become effective on the applicable date for any reason, the Servicer shall notify the Bond Issuer, the Allocation Agent, the Bond Trustee and the Rating Agencies by the end of the second Business Day after such applicable date.
In the event that the Servicer makes any material modification to these practices, it shall notify the Bond Issuer, the Bond Trustee, the Allocation Agent and the Rating Agencies as soon as practicable, and in no event later than 60 Business Days after such modification goes into effect; provided, however, that the Servicer may not make any modification that will materially adversely affect the Bondholders.
The provisions of this Agreement are solely for the benefit of the Servicer, the Bond Issuer, the Authority, the Allocation Agent, the Bondholders, the Bond Trustee and the other Persons expressly referred to herein and such Persons shall have the right to enforce the relevant provisions of this Agreement, except that the Bondholders shall be entitled to enforce their rights against the Servicer under this Agreement solely through a cause of action brought for their benefit by the Bond Trustee.

More Definitions of Allocation Agent

Allocation Agent means Citibank N.A., UAE Branch acting in its capacity as allocation agent pursuant to the Allocation Deed;

Allocation Agent means the person appointed in accordance with the Downstream Reconciliation Rules and is responsible for calculating the proportions of Gas received by, or delivered to, the Customer in circumstances where the Customer shares a Receipt Point or Delivery Point with other System Users in accordance with the Downstream Reconciliation Rules.

Allocation Agent is defined in the MSO Rules;

Allocation Agent means the entity designated by the Authority (which may be the Authority) that agrees to control the Allocation Account in trust for the benefit of the Trustee and the Authority Trustee, to accept all payments from or on behalf of Customers for deposit into the Allocation Account, to notify the Servicer on each Business Day of the amount deposited into the Allocation Account on the preceding Business Day, and, to the extent that funds are available in the Allocation Account, to transfer the estimated Charge Collections and Remittance Shortfalls from the Allocation Account to the Collection Account as instructed by the Servicer or the Trustee in writing and to transfer the Estimated Other Payments as instructed by the Authority or the Authority Trustee.

Allocation Agent. : means Lehman Brothers Asia Limited or such other party named as

Allocation Agent means the person responsible for Allocation in respect of particular Receipt Point;

Allocation Agent means the person responsible for allocation in respect of a particular