Enforcement Surplus definition

Enforcement Surplus means an amount equal to the greater of:
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Examples of Enforcement Surplus in a sentence

  • Following the conclusion of any enforcement process, if the liquidation proceeds derived from the realisation of the unsold Metal comprising the Secured Property results in an Enforcement Surplus, an Enforcement Surplus Principal Amount shall become due and payable by the Issuer in respect of each ETC Security on the first Business Day immediately following such conclusion of the enforcement process.

  • If the amount of the moneys at any time available to the Security Trustee for payment of the Redemption Amount or any Enforcement Surplus Principal Amount in respect of each ETC Security in accordance with Condition 5(d) (Application of Proceeds of Enforcement of Security) is less than 10 per cent.

  • If the amount of the moneys at any time available to the Security Trustee for payment of the Redemption Amount or any Enforcement Surplus Principal Amount in respect of each ETCSecurity in accordance with Clause 5.1 (Application of Proceeds of Enforcement of Security) is less than 10 per cent.

  • All London Authorities that have taken up these powers have generated a surplus from the issue of Fixed Penalty Notices and this surplus will be fed into the Parking Revenue and Bus Lane Enforcement Surplus account.

  • For other actions the County Council could use funding allocated for air quality improvement which at the present time is funded from the Civil Parking Enforcement Surplus (currently £100,000 annually).

  • Policies and procedures governing Federal Surplus Personal Property, and DLA/Law Enforcement Surplus property are set forth in a separate State Plan of Operation.

  • New Jersey Division of Gaming Enforcement Surplus CreditIn the second quarter of 2017, the New Jersey Division of Gaming Enforcement (“NJDGE”) distributed to the Atlantic City casinos refunds, in the form of credits which could be used to offset future monthly NJDGE operating cost charges.

  • Retirement and Disposal of Law Enforcement Surplus Property (approve the resolution).

  • Other favourable variances include additional interest receipts (£20,000), additional grant income from central government (£34,000), new corporate income from advertising (£10,000), additional drawdown of funding from earmarked reserves (£74,000) relating to grant funded expenditure and staffing costs and a reduction in transfer to the Civil Parking Enforcement Surplus account (£72,000).

  • If the amount of the moneys at any time available to the Security Trustee for payment of the Redemption Amount or any Enforcement Surplus Principal Amount in respect of each ETC Security in accordance with Clause 5.1 (Application of Proceeds of Enforcement of Security) is less than 10 per cent.

Related to Enforcement Surplus

  • Enforcement Expenses shall include all reasonable attorneys’ fees, court costs, transcript costs, fees of experts, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other out-of-pocket disbursements or expenses of the types customarily incurred in connection with an action to enforce indemnification or advancement rights, or an appeal from such action. Expenses, however, shall not include fees, salaries, wages or benefits owed to Indemnitee.

  • Post-Enforcement Priority of Payments means the order of priority pursuant to which the Guarantor Available Funds shall be applied on each Guarantor Payment Date, following the delivery of a Guarantor Default Notice, in accordance with the Intercreditor Agreement.

  • Enforcement Event means an Event of Default.

  • Enforcement Notice means a written notice delivered by either the ABL Agent or the Term Agent to the other announcing that an Enforcement Period has commenced.

  • Enforcement Action any action to enforce any Obligations or Loan Documents or to realize upon any Collateral (whether by judicial action, self-help, notification of Account Debtors, exercise of setoff or recoupment, or otherwise).

  • Enforcement agency means any agency granted authority to enforce the Federal labor laws. It includes the enforcement components of DOL (Wage and Hour Division, Office of Federal Contract Compliance Programs, and Occupational Safety and Health Administration), the Equal Employment Opportunity Commission, the Occupational Safety and Health Review Commission, and the National Labor Relations Board. It also means a State agency designated to administer an OSHA-approved State Plan, but only to the extent that the State agency is acting in its capacity as administrator of such plan. It does not include other Federal agencies which, in their capacity as contracting agencies, conduct investigations of potential labor law violations. The enforcement agencies associated with each labor law under E.O. 13673 are–