ASFL definition

ASFL means the overall funding limit for a Site as specified in Part 1 of the Finance Schedule (Funding Limits and Available Incentive Fee) and adjusted (if at all) pursuant to Part 2 of the Programme Management Schedule (Setting the LTP and Change Control);

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ASFL means the overall funding limit for the Costs to be incurred by the Contractor in performing all of its obligations under this Agreement in each Contract Year, as specified in or determined in respect of each Contract Year in accordance with Part 7 (Financial Limits) of Schedule 6 (Finance) as the same may be adjusted (if at all) pursuant to the Change Control Procedure;

ASFL means Australian Financial Services Licence that is issued by ASIC.

Examples of ASFL in a sentence

• We hold an Australian Financial Services Licence (ASFL) No. ▇▇▇▇▇▇.

• If the costs attributable to entering into a replacement interest rate swap contract in respect of the Class A-SFL Certificates would exceed the amount of any Class A-SFL Swap Termination Payments a replacement interest rate swap contract shall not be entered into and any such proceeds will instead be distributed to the Holders of the Class A-SFL Certificates, pro rata, on the immediately succeeding Distribution Date.

• The Class A-SFX and Class A-SFL Certificates will each evidence, among other things, ownership of a specified portion from time to time of the Class A-SFX Regular Interest.

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

• The Certificate Administrator shall, upon the written request of a Holder of a Class A-SFL Certificates (and at the expense of such Holder), make available the most recent Daily M▇▇▇ received by it to the Holders of such Class; provided that the Certificate Administrator shall not be required to provide such information to any Certificateholder more than once in any given calendar month.

• The rights of the Holders of the Class A-SFX, Class A-SFL 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.

• Neither the Depositor nor any other party shall cause the Trust to enter into a swap agreement unless the swap counterparty thereunder agrees in writing that the Daily M▇▇▇ ▇▇▇ be made available to the Holders of the Class A-SFL Certificates, as provided in this paragraph.

• 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-SFX, Class A-SFL and Class V Certificates, as applicable.

• With respect to the Class A-SFX and Class A-SFL Certificates, the Tax Administrator is hereby directed to assume that the Depository is the only “middleman” as defined by the WHFIT Regulations unless the Depositor provides the Tax Administrator with the identities of other “middlemen” that are Certificateholders.

• The Class A-SFL, Class A-SFX, Class D, Class E, Class F and Class G Certificates will be issuable only in denominations corresponding to initial Certificate Principal Balances as of the Closing Date of $100,000 and in integral multiples of $1 in excess thereof.