Asset Payment definition

Asset Payment means any sum due or paid (whether or not such sum was actually due) under the Asset Conditions.

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Asset Payment means a payment made to a Developer or Self Lay Provider (SLP) for providing a self-laid water main under the terms of a self-lay agreement4. It contributes towards the cost of the self-laid main in a similar manner that the income offset contributes to the cost of a main we are asked to install.

Asset Payment means the scheduled monthly principal and/or interest payment on an Asset for any month, and any other payment due from a Borrower pursuant to the Asset Documents, as such payments may have been reduced by any Deficient Valuation.

Examples of Asset Payment in a sentence

In consideration of the transfer of Additional Transferred Assets to the Issuer on each Additional Closing Date and subject to the terms and conditions set forth herein, the Issuer shall pay to SPV an amount (the "Transferred Asset Payment") equal to the amount available therefor on such Additional Closing Date under the Indenture.
Immediately prior to the Closing, the Company will pay fees to the Exchange Agent to manage the disbursement of any cash payments received by the Company in connection with any Permitted Asset Disposition Agreements (any such payment right, a “Disposed Asset Payment Right”) from the Closing Date until three years after the Closing Date (the “Initial Period”).
At the Closing, Oncor shall pay to SU an amount in cash equal to the sum of the SU Net Book Value Estimate, the SU Net Working Capital Estimate and the Regulatory Asset Payment Amount (the “SU Closing Payment”).
The parties hereto recognize and agree that it is in their mutual interest that the Acquiror and the Company be permitted to use, and the Acquiror and the Company hereby agree that they intend to use, commercially reasonable efforts to minimize the occurrence of any Protected Asset Payment Defaults, minimize the amount of any Defaulted Payment Amounts and maximize Recoveries with respect to the Protected Assets.
Subject to Section 2.7.2 and Section 2.7.3 below, the Seller shall have no obligation to make any Protection Payment with respect to any Protected Asset Payment Default on a Protected Asset that occurs after the last day of the Protection Period with respect to such Protected Asset.
Subsequent instalments will be payable on a phased basis, the phasing to be agreed between the parties and in the absence of agreement to be determined under the disputes provisions of Clause 23 PROVIDED ALWAYS THAT Thames shall not at any stage be liable to pay any proportion of the Asset Payment that relates to any part of the Relevant Water Mains that have not been constructed.
If any such tax or governmental charge is imposed but is not paid by the transferee or transferor, but is paid by the Administrator, the Administrator will have the right to be reimbursed the amount of such payment from the Asset Payment Subaccount, as described in Section 4.03.
Buyer agrees to credit, as an asset of the Seller, the Additional Marketing Costs as part of the calculation of the Net Current Asset Payment, defined in Section 2.4 hereof.
The amounts payable pursuant to this paragraph will be deposited into the applicable Asset Payment Subaccount within the Distribution Account.
The Administrator will also deposit into the Asset Payment Account–Interest any Administrator Advances it makes pursuant to Section 4.09.

More Definitions of Asset Payment

Asset Payment means, with respect to each Asset, all amounts received by a Series SPV through such Asset, and not reversed through the ACH System or as a result of a failed wire transfer or by virtue of checks returned unpaid due to insufficient funds or for other reasons, in connection with the repayment of such Asset, including without limitation, all payments or prepayments of principal and interest, any Additional Amount, any late fees and any amounts received by such Series SPV upon collection efforts; provided, however, that for the avoidance of doubt an Asset Payment shall not include any Additional Amount paid in respect of such Asset to a Series SPV (or any Affiliate thereof) unless the Security with respect to such series otherwise provides that such Additional Amount is applicable.

Asset Payment has the meaning set forth in the recitals.

Asset Payment means an equivalent payment to the one described in section 6.2.3(b) of the Charging Arrangements.

Asset Payment means, with respect to each Asset, all amounts received by a Series SPV through a Direct Loan, an Assignment or a Participation, and not reversed through the ACH System or as a result of a failed wire transfer or by virtue of checks returned unpaid due to insufficient funds or for other reasons, in connection with the repayment of such Asset, including without limitation, all payments or prepayments of principal and interest, and any amounts received by such Series SPV upon collection efforts; provided, however, that for the avoidance of doubt an Asset Payment shall not include any origination fee or exit fee paid by a borrower to a Series SPV unless the applicable Security provides otherwise.