IPB definition

IPB. With respect to any Contract and any date of determination, the present value of the remaining stream of Scheduled Payments (or, in the case of a Rental Contract, the present value of the expected remaining stream of Scheduled Payments, assuming that such stream of Scheduled Payments will terminate at the related Expected Rental Termination Date) due with respect to such Contract after the applicable Calculation Date (reduced by the applicable Servicer Fee but not reduced by any Additional Servicer Fee) calculated by discounting such Scheduled Payments (assuming such Scheduled Payments are received on the last day of the related Due Period) to such Calculation Date at an annual rate equal to the applicable Discount Rate, at the same frequency as the Payment Dates; except that on the Calculation Date, (a) on or immediately following the deposit into the Collection Account of Insurance Proceeds equal to the outstanding Implicit Principal Balance of the related Contract or the Purchase Price, or on or immediately following the delivery of a Substitute Contract, (b) on or immediately following the date that a Contract has become a Defaulted Contract or a Terminated Rental Contract, or (c) immediately preceding the Final Due Date of a Contract, the Implicit Principal Balance of the related Receivable shall be zero. To the extent that the Final Due Date of any Series Contract is later than the Stated Maturity Date of the last maturing Notes of the related Series of Notes, any Scheduled Payment due on such Contract after the Calculation Date immediately preceding such Stated Maturity Date shall not be taken into account in calculating the Implicit Principal Balance of such Contract.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

IPB. As of any date of determination and with respect to each Lease Contract, the present value of the remaining stream of Scheduled Payments due with respect to such Lease Contract after the applicable Calculation Date based upon discounting such Scheduled Payments (assuming such Scheduled Payments are received on the last day of the related Collection Period) to such Calculation Date at an annual rate equal to the applicable Discount Rate, at the same frequency as the Payment Dates; provided -------- that on the Calculation Date:

IPB. As of any date of determination, with respect to any Lease Contract, the present value of the remaining stream of Scheduled Payments (reduced by the applicable Servicer Fee but not reduced by any Additional Servicer Fee) due with respect to such Lease Contract after the applicable Calculation Date, and calculated by discounting such Scheduled Payments (assuming such Scheduled Payments are received on the last day of the related Due Period) to such Calculation Date at an annual rate equal to the applicable Discount Rate, at the same frequency as the Payment Dates; except that on the Calculation Date, (a) on or immediately following the deposit into the Collection Account of any Insurance Proceeds (and the termination of the related Lease Contract) or the Removal Price, or on or immediately following the delivery of a Substitute Lease Contract, (b) immediately on or after the date that a Lease Contract has become a Defaulted Lease Contract, or (c) immediately preceding the Final Payment Date, the Implicit Principal Balance of each such related Lease Contract shall be zero. To the extent that the Final Due Date of any Series Lease Contract is later than the Stated Maturity of the last maturing Certificates of the related Series of Class A Certificates, any Scheduled Payments due on such Lease Contract after the Calculation Date immediately preceding such Stated Maturity shall not be taken into account in calculating the Implicit Principal Balance of such Lease Contract.

Examples of IPB in a sentence

• Range planning shall include the use of GIS tools to enhance integrated planning; staffing and coordination with the Installation Planning Board (IPB) consisting of the range manager, ITAM coordinator, GIS staff, Director of Public Works (DPW) staff, environmental staff, range safety office staff (for Surface Danger Zone (SDZ) analysis), Directorate of Information Management (DOIM) staff (for range communications) and others, as required.

• The IPB convenes periodically during the year and is responsible for providing executive level oversight and guidance to the Information Protection Program.

• Notwithstanding anything to the contrary contained herein, the parties hereto understand and agree that (i) the Shares are subject to Section 4.2 of the Stock Purchase Agreement, dated as of September 17, 1996, as amended and restated as of February 17, 1997 (the "1996 Stock Purchase Agreement"), among the Company, IP and IPB and (ii) the Stockholder shall have no obligation under Section 1.1 of this Agreement so long as the Proxy referred to below is in effect.

• PBC# Project Title Contract # Procurement Method (IFB, RFP, Small, etc): IPB Ref.

• This Note, and the obligations and rights of the Company hereunder, shall be binding on and inure to the benefit of the Company, IPB, and their respective heirs, successors, and assigns.

• A confirmation statement shall be provided to ensure that all proposed configurations include all required hardware as outlined in each DO/TO Exhibit and IPB.

• IPB will be allowed a conditional exercise, conditioned upon the closing of the M&A Event, in accordance with Section 4(c) below.

• This Warrant may be exercised, until the earlier of: (i) Qualified IPO; or (ii) an M&A Event (as such terms are defined in the Side Agreement), and shall expire if not so exercised, subject to 30 day prior notice from the Company to IPB concerning such imminent expiration (the “Expiry Date”).

• This Note may not be modified or amended except with the written consent of the Company and IPB.

• Upon completion of three (3) years on the Step IP-A, the unit member shall be placed on Step IP-B and remain there for at least three (3) years.

More Definitions of IPB

IPB. As of any date of determination, with respect to any Lease Contract, the present value of the remaining stream of Scheduled Payments (reduced by the applicable Servicer Fee but not reduced by any Additional Servicer Fee) due with respect to such Lease Contract after the applicable Calculation Date, and calculated by discounting such Scheduled Payments (assuming such Scheduled Payments are received on the last day of the related Monthly Period) to such Calculation Date at an annual rate equal to the Discount Rate, at the same frequency as the Payment Dates; except that on the Calculation Date, (a) on or immediately following the deposit into the Collection Account of any Insurance Proceeds (and the termination of the related Lease Contract) or the Removal Price, or on or immediately following the delivery of a Substitute Lease Contract, (b) immediately on or after the date that a Lease Contract has become a Defaulted Lease Contract, or (c) immediately preceding the Final Payment Date, the Implicit Principal Balance of each such related Lease Contract shall be zero. To the extent that the Final Due Date of any Lease Contract is later than the Stated Maturity, any Scheduled Payments due on such Lease Contract after the Calculation Date immediately preceding such Stated Maturity shall not be taken into account in calculating the Implicit Principal Balance of such Lease Contract. "Independent": When used with respect to any specified Person means such a Person, who (a) is in fact independent of the Transferor, (b) does not have any direct financial interest or any material indirect financial interest in the Transferor or in any Affiliate of the Transferor and (c) is not connected with the Transferor as an officer, employee, promoter, underwriter, trustee, partner, director, or person performing similar functions. Whenever it is herein provided that any Independent Person's opinion or certificate shall be furnished to the Trustee, such Person shall be appointed by a Transferor Order and approved by the Trustee in the exercise of reasonable care, and such opinion or certificate shall state that the signer has read this definition and that the signer is Independent within the meaning hereof.

IPB shall have the meaning set forth in the first paragraph of this Agreement.

IPB has the meaning assigned in Section 21(a)(7) of this Agreement.

IPB as defined below) which Executive will forego from Dow as a consequence of retiring early, less the lump sum equivalent value of the Pension Benefit, if any, earned during Executive's employment with the Company as of the date of his termination from employment with the Company.