Examples of Collateral Assignment Documents in a sentence
The filing or recording in Florida of Collateral Assignment Documents assigning the Taxpayer's interests in Florida Collateral Obligations in favorof the Lender, absent a specific exemption, would be subject to Florida documentary stamp tax.
Nonrecurring Intangible Tax: The non-Florida Collateral Assignment Documents will not be subject to nonrecurring intangible tax because they will not be secured by mortgage, deed of trust, or other lien upon real property situated in Florida.
In the present case, the mere execution and delivery of Collateral Assignment Documents in Florida will not subject such documents to documentary stamp tax because such documents will not contain a promise to pay.
Documentary stamp tax and nonrecurring intangible tax will not be due upon the execution, delivery, filing or recordation in Florida of the Florida Collateral Assignment Documents, which documents pledge Florida Collateral Obligations as security for the Taxpayer's obligation under the Warehouse Loan Agreement.
Pursuant to a custodialagreement (the "Custodial Agreement"), Trustee authorized a bank (the "Custodian") to take possession of the CollateralObligations documents outside of Florida for the purpose of perfection under Article 9 of the UCC, among other things.The Collateral Assignments and the Collateral Assignment Documents will not incorporate by reference the Warehouse Loan Agreement, but will state that they are given as security forthe Taxpayer's obligations under the Warehouse Loan Agreement.
CPP premiums are to be based on the participant's salary net of the deferred amounts during the period of deferral and on the deferred amounts when paid to the participant during the leave period.
The non-Florida Collateral Assignment Documents will not be subject to nonrecurring intangible tax because they will not be secured by mortgage, deed of trust, or other lien upon real property situated in Florida.
No documentary stamp tax or nonrecurring intangible tax will be due upon bringing the Florida and non- Florida Collateral Obligations and True Lease Transaction documents and the Collateral Assignment Documents into Florida to be held by the Servicing Agent for the purposes of collecting payments from third parties in respect of the Collateral Obligations and True Lease Transactions and, in turn, paying the Taxpayer's obligation to Lender under the WarehouseLoan Agreement.
No action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in connection with the Transactions, except for (a) the filing of Uniform Commercial Code financing statements (b) recordation of the Mortgages and the Collateral Assignment Documents and (c) such as have been made or obtained and are in full force and effect.
In addition to the protections given to the Note Holder under this Note, the Collateral Assignment Documents, the St. Albans Mortgage, the Environmental Indemnity Agreement, and the other Bank Loan Documents protect the Note Holder from possible losses which might result if Borrower does not keep the promises it has made in this Note.