Disposition Letter definition

Disposition Letter shall have the meaning set forth in Section 4.1.
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Disposition Letter has the meaning set forth in Section 2.4(a).
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Examples of Disposition Letter in a sentence

  • In connection with each sale or other transfer of Other Account Property, the Instructing Party shall deliver to the Custodian a trade ticket (each, a "Disposition Letter") listing each item of Other Account Property subject to such sale or transfer.

  • In addition, if the Borrowers desire to effect a Property Disposition of a Core Property then (A) the Borrowers shall not have the right to deliver to Agent a Disposition Letter of Credit in connection with a Property Disposition of a Core Property and (B) the Borrowers shall be required to effect a Prepayment of the Loan in the amount of the Release Price of such Core Property as required pursuant to Section 2.5.1(a)(D).

  • On the Maturity Date, any such Disposition Letter of Credit may be applied to reduce the Debt; provided, that, if any such Disposition Letter of Credit (or any proceeds thereof held by Agent) has not been applied by Agent at the time of the full and indefeasible payment by the Borrowers of the Debt, then such Disposition Letter of Credit (or any proceeds thereof held by Agent) shall at such time be returned to the Borrowers.

  • Enclosed with the Disposition Letter, the Agent will provide the following documents to the county DFCS: ✓ Copy of all appointment letters ✓ Copy of Case Review Checklist with attached documentation ✓ Copy of Verification/Evidence ✓ Copy of Report of Claim Determination ✓ Copy of Form 5667, Request for Investigation At least once a year, the case data for claims with an unlocatable status will be researched against SUCCESS files to screen for activity.

  • Each Disposition Letter of Credit delivered under this Agreement shall be additional security for the payment of the Debt.

  • Upon the occurrence of an event specified in (a), (b) or (c) above, Agent shall have the right, at its option, to draw on and hold up to the full amount of any Disposition Letter of Credit (as additional security for the Debt) and to apply all or any part thereof, in Agent's sole and absolute discretion, to payment of the Debt in such order, proportion or priority as Agent in its sole and absolute discretion may determine.

  • Upon Agent's receipt of such new replacement Disposition Letter of Credit, it shall release and return the Disposition Letter of Credit upon the payment by the Borrowers of all amounts required to effect the Prepayment and compliance by the Borrowers with all of the provisions of Section 2.4 with respect to such Prepayment.

  • If Agent elects to release and return the Disposition Letter of Credit, then upon the applicable Prepayment Date, upon payment by the Borrowers of all amounts required to effect the Prepayment and compliance by the Borrowers with all the provisions of Section 2.4 with respect to such Prepayment, Agent shall release and return the Disposition Letter of Credit to the Borrowers if such Prepayment is in the full amount of such Disposition Letter of Credit.

  • On or prior to the applicable Prepayment Date, Agent shall notify the Borrowers whether Agent, upon the applicable Prepayment Date, will either (i) draw upon the Disposition Letter of Credit to effect the Prepayment or (ii) upon the payment by the Borrowers of all amounts required to effect the Prepayment, release and return the Disposition Letter of Credit to the Borrowers.

  • If such Prepayment is in an amount which is less than the full amount of such Disposition Letter of Credit, then upon the applicable Prepayment Date and as a condition to such Prepayment, the Borrowers shall deliver to Agent a new replacement Disposition Letter of Credit in the amount of the difference between the original Disposition Letter of Credit and the amount of such Prepayment.

Related to Disposition Letter

  • Disposition Notice is defined in Section 5.2(a).

  • Termination Letter has the meaning specified in Section 2.17(b).

  • Disposition Proceeds means, with respect to each Non-Program Vehicle, the net proceeds from the sale or disposition of such Non-Program Vehicle to any Person (other than any portion of such proceeds payable by the Lessee thereof pursuant to the Lease).

  • Confirmation Letter means a letter issued by any applicable Rating Agency to the effect that neither (a) the resignation of Provident as Servicer under the Servicing Agreement and appointment of Litton as successor Servicer thereunder, nor (b) the amendments e▇▇▇▇▇▇ated by this Agreement, will adversely affect the then current ratings on the Certificates then being rated.

  • Instruction Letter means written instructions in a form acceptable to NCPS and executed by Issuer Party with Issuer Party directing NCPS to promptly disburse the Escrow Funds to Issuer pursuant to Section 4(a).