Excess Contract definition

Excess Contract as of any date of determination, means each Contract selected by the Servicer in accordance with Section 11.01 at such time as there shall have been discovered a breach of any of the representations and warranties set forth in Section 3.05, the removal of which pursuant to Section 11.01 and the Originator's repurchase thereof or substitution of a Substitute Contract therefor pursuant to Section 11.01, shall remedy such breach.
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Excess Contract as of any date of determination, means each Contract selected by the Servicer in accordance with Section 7.06 at such time as there shall have been discovered a breach of any of the representations and warranties set forth in Section 3.05 of the Transfer and Sale Agreement, the removal of which pursuant to Section 7.06 hereof and the Seller's repurchase thereof or substitution of a Substitute Contract therefor pursuant to Section 5.01 of the Transfer and Sale Agreement, shall remedy such breach.
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Excess Contract as such term is defined in the definition of the term “Borrowing Base”.
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Examples of Excess Contract in a sentence

  • See Excess Contract Debt on page 19 for another way the contract may end.

  • In the case of a Delayed Delivery Offering, the commission payable by the issuer in respect of any Contract Securities allocated to you pursuant to the last paragraph of Section 5 hereof shall be credited (after deducting any commissions paid by the Representatives to any Selected Dealer for services rendered in respect of such Contract Securities) to your account and, in addition, you shall be treated as a Selected Dealer in respect of your Excess Contract Securities, if any.

  • To the extent that the quantity of Contract Goods purchased from the Mill for use at the Plant is less than the quantity of Contract Goods that would be required to satisfy the Daily Plant Capacity (the amount of such difference being referred to herein as the "Excess Contract Goods"), NWP agrees to purchase from Mill▇▇, ▇▇d Mill▇▇ ▇▇▇ees to sell to NWP, such Excess Contract Goods for use by NWP at NWP's Lebanon Plant.

  • For purposes of this provision, NWP shall be obligated to purchase Excess Contract Goods from Mill▇▇ ▇▇▇ the Lebanon Plant equal to the amount of such Excess Contract Goods, but not more than [Confidential Treatment Requested by New World Pasta Company] of the Lebanon Plant's annual requirements for Contract Goods during each Contract Year.

  • Excess Contract Debt.--If contract debt ever becomes equal to or more than the cash value, all the contract's benefits will end 61 days after we mail a notice to you and any assignee of whom we know.

  • If the amount recovered exceeds the recovery expense, the recovery expense shall be borne by each party in proportion to its benefit from the Effective: January 1, 2008 2008 Wausau Property per Risk Excess Contract recovery.

  • In the event of any assignment, novation or transfer, the assignor, novator or transferor shall remain liable under this Contract, and further guarantees the Effective: January 1, 2008 2008 Wausau Casualty Excess Contract performance of all obligations of any assignee, novatee or transferee under this Contract.

  • INSURANCES INSURANCES – ALL STAGES Type of policy Responsible Participant Insurance limits Excess Contract works (construction material damage) insurance policy - project specific RTA Likely to be as set out in Schedule 12.

  • The requirement of impartiality means that all members of the Panel shall have the same obligation to approach the Panel’s duties and Effective: January 1, 2008 2008 Wausau Property per Risk Excess Contract decisions with fairness and without consideration for the fact that Panel members may have been appointed by one of the Parties.

  • To the extent that the --------------------------------- quantity of Contract Goods purchased from the Mill for use at the Plant is less than the quantity of Contract Goods that would be required to satisfy the Daily Plant Capacity (the amount of such difference being referred to herein as the "Excess Contract Goods"), PGLLC agrees to purchase from ▇▇▇▇▇▇, and ▇▇▇▇▇▇ agrees to sell to PGLLC, such Excess Contract Goods for use by PGLLC at PGLLC's Lebanon Plant.