Computation Agent definition

Computation Agent means the Person appointed by a majority of the Noteholders evidencing at least a majority of the Outstanding Note Balance (or, if no Notes are Outstanding, by the Majority Certificateholders) to fulfill the role of Computation Agent pursuant to Section 12.4 of the Indenture. For the avoidance of doubt, the Indenture Trustee or Owner Trustee may (but are not required to) serve in this role, and the Indenture Trustee acting as Computation Agent will be entitled to a fee for such service pursuant to Section 6.7 of the Indenture, and the Owner Trustee acting as Computation Agent will be entitled to a fee for such service pursuant to Section 8.1 of the Trust Agreement.

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Computation Agent means the Person appointed by a majority of the Noteholders evidencing at least a majority of the Outstanding Note Balance (or, if no Notes are Outstanding, by the Majority Certificateholders) to fulfill the role of Computation Agent pursuant to Sections 12.5(c), 12.5(e)(ii) and 12.5(e)(iii)(a) of the Indenture. For the avoidance of doubt, the Indenture Trustee or Owner Trustee may (but are not required to) serve in this role, and the Indenture Trustee acting as Computation Agent will be entitled to a fee for such service pursuant to Section 6.7 of the Indenture, and the Owner Trustee acting as Computation Agent will be entitled to a fee for such service pursuant to Section 8.1 of the Trust Agreement.

Computation Agent means El Paso Corporation, a Delaware corporation, or any successor thereto.

Examples of Computation Agent in a sentence

In no event shall Seller, the Program Agent or any Managing Agent or Investor shall have any liability for payment of any fees or expenses of the Computation Agent.
The Computation Agent shall be entitled to receive a fee and reimbursement of expenses from Servicer in such amounts and payable at such times as the Computation Agent and Servicer may agree upon from time to time.
The Program Agent (with the consent or direction of the Required Committed Investors) may designate as Computation Agent any Person to succeed El Paso Corporation or any successor at any time after the occurrence of an Amortization Event.
Upon the acceptance of any appointment as Computation Agent under this Agreement by a successor Computation Agent, such successor Computation Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Computation Agent and shall function as the Computation Agent under this Agreement, and the retiring Computation Agent shall be discharged from its duties and obligations as Computation Agent under this Agreement.
Without limiting other actions that may constitute reasonable business efforts, the Computation Agent will be deemed to have satisfied the requirements of the preceding sentence to the extent it affords such information the same treatment as it affords other similar information in similar circumstances.

More Definitions of Computation Agent

Computation Agent means Centotrenta Servicing or any other person acting as computation agent pursuant to the Agency Agreement from time to time and any of its permitted successors or transferees.

Computation Agent means Accounting Partners S.r.l. and includes any successor computation agent appointed from time to time under the Agency and Accounts Agreement in respect of this Securitisation;

Computation Agent means the Person appointed by Noteholders evidencing at least a majority of the Note Balance (or, if no Notes are Outstanding, from the Majority Certificateholders) who agrees in writing to fulfill the role of Computation Agent pursuant to Section 12.4 of the Indenture following an FDIC Safe Harbor Compliance Event. For the avoidance of doubt, the Indenture Trustee or Owner Trustee may (but is not required to) serve in this role, and the Indenture Trustee if acting as Computation Agent will be entitled to a fee for such service pursuant to Section 6.7 of the Indenture, and the Owner Trustee if acting as Computation Agent will be entitled to a fee for such service pursuant to Section 8.1 of the Trust Agreement.

Computation Agent means Securitisation Services S.p.A. or any other entity from time to time acting as computation agent.

Computation Agent means Citigroup Energy Inc., in its capacity as computation agent pursuant to Article VII, and any successor Computation Agent pursuant to Section 7.5.

Computation Agent means Securitisation Services S.p.A. or any other entity acting as computation agent pursuant to the Cash Allocation, Management and Payment Agreement from time to time.

Computation Agent means the firm so designated by the Sports Authority pursuant to the NRG Indentures after consultation with the Club, Rodeo and HCSCC. The initial Computation Agent shall be First Southwest Company of Houston, Texas.