BFIO definition

BFIO means the Banks and Financial Institution Ordinance of the Borrower, as may be amended from time to time, which is the prevailing law of the Borrower on matters related to banks and financial institutions;
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Examples of BFIO in a sentence

  • The Trustee shall treat the Fixed Rate Carryover Reserve Fund as an outside reserve fund within the meaning of Treasury Regulation 1.860G-2(h) that is owned by the Class BF-IO Certificateholders and that is not an asset of the REMIC.

  • The Class BF-IO Certificates shall evidence ownership of the Fixed Rate Carryover Reserve Fund for federal tax purposes and shall direct the Trustee in writing as to the investment of amounts therein.

  • Any earnings on such amounts shall be payable to the Class BF-IO Certificates.

  • All such Permitted Investments shall be made in the name of the Trustee, for the benefit of the Certificateholders, except in connection with Permitted Investments made with respect to funds in (x) the Fixed Rate Carryover Reserve Fund which shall be made in the name of the Trustee, for the benefit of the Class BF-IO Certificateholders and (y) the Adjustable Rate Carryover Reserve Fund which shall be made in the name of the Trustee, for the benefit of the Class BV-IO Certificateholders.

  • The Trustee shall treat the rights of the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6, Class MF-1, Class MF-2 and Class BF Certificateholders to receive payments from the Fixed Rate Carryover Reserve Fund rights in an interest rate cap contract written by the Class BF-IO Certificateholder in favor of the Fixed Rate Certificateholders.

  • Amounts deposited to the Fixed Rate Carryover Reserve Fund pursuant to this clause and the preceding clauses (h)(ii) and (iii) shall be deemed to have been distributed first to the Class BF-IO Certificateholders for applicable tax purposes.

  • The Trustee shall treat the rights of the Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class MF-1, Class MF-2 and Class BF Certificateholders to receive payments from the Fixed Rate Carryover Reserve Fund rights in an interest rate cap contract written by the Class BF-IO Certificateholder in favor of the Fixed Rate Certificateholders.

Related to BFIO

  • CCG means a clinical commissioning group;

  • DLJ is defined in the preamble.

  • Carlyle means Carlyle Investment Management, LLC.

  • WOj means the lowest performance (expressed as a percentage) among the Securities as determined by the Calculation Agent in accordance with the following formula:

  • Graham + Sibbald /"we"/"us"/"our" means Graham + Sibbald LLP, a limited liability partnership incorporated in Scotland (Registered Number SO307130) and having its registered office address at Seabraes House, 18 Greenmarket, Dundee, DD1 4QB.