Remaining Collections definition
Examples of Remaining Collections in a sentence
Remaining Collections shall be held in trust by the Servicer and invested in Permitted Investments selected from time to time by the Seller, with all income and losses from such Permitted Investments and transaction fees arising in connection with the making or liquidation of such Permitted Investments being for the account of the Seller.
If the Transferor fails to satisfy in full any Reimbursement Obligation when due, all such amounts paid by the LC Issuer in respect of an LC Disbursement and remaining unpaid by the Transferor shall bear interest (“Interest”), payable on each Monthly Payment Date in arrears out of Remaining Collections, for each day until paid at the Default Rate.
Each such re-calculated Estimated Remaining Collections will be subject to Agent’s reasonable approval.
ERC or Estimated Remaining Collections — as to each Asset, the estimated remaining collections reasonably projected by Borrower; which projections must be reasonably satisfactory to Agent.
The Administrative Agent and/or Lenders agree that any amendment entered into solely to alter the rate of Estimated Remaining Collections shall not require an amendment fee to be payable by any Loan Party.
In connection with the submission by Borrower of each Compliance Certificate, Borrower shall submit to Agent an updated calculation of the Estimated Remaining Collections of all Assets then remaining subject to the Security Documents.
Law 53/1984, of 26 December, on incompatibilities for personnel in the service of Public Authorities, and Royal Decree 598/1985, of 30 April, on incompatibilities for personnel in the service of the Government and Social Security, and the Bodies, Organizations and Enterprises coming under them.