Payment Undertaker definition

Payment Undertaker means EFG Bank AG, where applicable.
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Payment Undertaker means AIG-FP Special Finance (Cayman) Limited, a Cayman Islands limited liability company and its successors and permitted assigns.
Sample 1

Examples of Payment Undertaker in a sentence

  • The capital lease/leaseback liabilities are reported as follows on the statements of net assets: 2012 2011 Amounts due within one year$75,180$55,762Amounts due in more than one year 214,379 268,141 Total $289,559 $323,903 Each of the lease/leaseback transactions has specific performance requirements for DART when the financial rating of the Payment Undertaker insurer falls below a specified level.

  • However, in January 2009, Sound Transit entered into a waiver agreement and temporary waiver of delivery of required items letter with the Owner Participant, Lessor, Lender, and Debt Payment Undertaker waiving any existing default or event of default based on a failure to comply with the ratings downgrade provisions of the Participation Agreement, Loan Agreement, Debt Payment Agreement, and Debt Payment Guarantee until March 1, 2009.

  • Although the Payment Undertaker actively manages credit exposure daily as part of its risk management framework, counterparty default risk may arise from unforeseen events or circumstances.

  • The trend and scope of increased compliance requirements may require the Payment Undertaker to invest in additional resources to ensure compliance.

  • The Payment Undertaker is involved in a number of judicial, regulatory and arbitration proceedings concerning matters arising in connection with the conduct of its business.

  • As a result, conflicts of interest can arise between companies affiliated with the Payment Undertaker, as well as between these companies and Investors, in relation to obligations regarding the calculation of the price of the Products and other associated determinations.

  • Furthermore, the Payment Undertaker, or affiliated companies of the Payment Undertaker, may issue other derivative instruments relating to the respective Underlying; introduction of such competing products may affect the market value of the Products.

  • AIG acted as the Debt Payment Undertaker (DPU), Equity Payment Undertaker (EPU), and Standby Letter of Credit Provider (SLOCP) for these transactions.

  • Furthermore, companies affiliated with the Payment Undertaker may become counterparties in hedging transactions relating to obligations of the Payment Undertaker stemming from the Products.

  • The Payment Undertaker and affiliated companies may participate in transactions related to the Products in some way, for their own account or for account of a client.

Related to Payment Undertaker

  • undertaker means the undertaker as defined in article 2 of this Order.

  • statutory undertaker means any person falling within section 127(8), 128(5) or 129(2) of the 2008 Act;

  • Sewerage Undertaker means the Company appointed to be the sewerage undertaker under Section 6(1) of the 1991 Act for the area in which the property is or will be situated;

  • Water Undertaker means the company appointed to be the Water Undertaker under Section 6(1) of the 1991 Act for the area in which the property is or will be situated.

  • L/C Undertaking has the meaning set forth in Section 2.12(a).

  • collective investment undertaking or ‘CIU’ means a UCITS as defined in Article 1(2) of Directive 2009/65/EC of the European Parliament and of the Council (2) or an alternative investment fund (AIF) as defined in point (a) of Article 4(1) of Directive 2011/61/EU of the European Parliament and of the Council (3);‌

  • parent undertaking means a parent undertaking as defined in point (15)(a) of Article 4(1) of Regulation (EU) No 575/2013;

  • Grenfell Tower support payment means a payment made to a person because that person was affected by the fire on 14th June 2017 at Grenfell Tower, or a payment to the personal representative of such a person—

  • group undertaking means the Company or another undertaking in the group;

  • Procurement Unit means the unit or department within GRDA that is responsible for administering procurement policies and procedures.

  • Family support services means providing opportunities for

  • the Scottish Infected Blood Support Scheme means the scheme of that name administered by the Common Services Agency (constituted under section 10 of the National Health Service (Scotland) Act 1978(b));

  • Standard Securitization Undertakings means all representations, warranties, covenants, indemnities, performance Guarantees and servicing obligations entered into by the Parent or any Subsidiary (other than a Receivables Subsidiary), which are customary in connection with any financing of accounts receivable.

  • Project Management Unit or “PMU” means the Recipient’s management and Implementation unit referred to in Section I.A.2 of Schedule 2 to this Agreement.

  • Payment Initiation Service Provider or “PISP” means an authorised third party provider which provides a service that allows that third party to pass payment instructions to us on your behalf in relation to your Account.

  • Local education provider means a school district, a

  • Pharmacy support person means a person, other than a licensed pharmacist, a registered pharmacist-intern, or a registered pharmacy technician, who may perform nontechnical duties assigned by a supervising pharmacist under the pharmacist’s responsibility and supervision.

  • payment initiation service means a service to initiate a payment order at the request of the payment service user with respect to a payment account held at another payment service provider;

  • relevant Minister means the Secretary of State or the Minister for the Cabinet Office;

  • Programme Agreement means the programme agreement entered into on or about the date hereof between, inter alios, the Guarantor, the Sellers, the Issuer, the Representative of the Covered Bondholders and the Dealers.

  • Service and support administrator means a person, regardless of title, employed by or under contract with a county board to perform the functions of service and support administration and who holds the appropriate certification in accordance with rule 5123:2-5-02 of the Administrative Code.

  • subsidiary undertaking means an undertaking controlled by a parent undertaking, including any subsidiary undertaking of an ultimate parent undertaking;

  • Continuing education provider or “CE provider” means an individual or entity that is approved to offer continuing education courses pursuant to [insert reference in State law or regulations governing producer continuing education course approval].

  • Eligible Guarantee means an unconditional and irrevocable guarantee that is provided by a guarantor as principal debtor rather than surety and is directly enforceable by Party B, where either (A) a law firm has given a legal opinion confirming that none of the guarantor’s payments to Party B under such guarantee will be subject to withholding for Tax or (B) such guarantee provides that, in the event that any of such guarantor’s payments to Party B are subject to withholding for Tax, such guarantor is required to pay such additional amount as is necessary to ensure that the net amount actually received by Party B (free and clear of any withholding tax) will equal the full amount Party B would have received had no such withholding been required.

  • Intermediate Distribution Frame (IDF means a second frame that augments an existing Main Distribution Frame. Lines or outside cables that do not terminate on the IDF.

  • financial undertaking means any of the following entities: