Examples of Series 0000X Xxxxxxxxx in a sentence
Upon the occurrence and continuance of an Event of Default under paragraph (e)(ii) or (g) (but, with respect to paragraph (g), only with respect to a default under Section 801(e)(ii) of the Series 0000X Xxxxxxxxx) of Section 801 hereof, as provided in Section 302(d) hereof the Credit Enhancer in its notice to the Trustee may direct the Trustee to purchase the Bonds for the Credit Enhancer's own account, rather than to accelerate the Bonds as provided in Section 802(a) hereof.
The Sponsor acknowledges and agrees that amounts owing to the Asset Representations Reviewer in respect of the indemnification provided hereunder shall not be limited to or reduced by the amount of Available Amounts on deposit in the Collection Account, except to the extent that such Available Amounts have been allocated to make a payment to the Asset Representations Reviewer on the next-occurring Payment Date pursuant to Section 4.04(a) of the Series 0000-X Xxxxxxxxx Supplement.
If a Receivable that was reviewed by the Asset Representations Reviewer is the subject of a dispute resolution proceeding under Section 8.11(a) of the Series 0000-X Xxxxxxxxx Supplement, the Asset Representations Reviewer will participate in the dispute resolution proceeding on request of a party to the proceeding.
On receipt of a Review Notice from the Indenture Trustee according to Section 8.10 of the Series 0000-X Xxxxxxxxx Supplement, the Asset Representations Reviewer will start an Asset Review.
It will, prior to causing the Bonds to be defeased under the provisions of Section 8.02 of the Series 0000X Xxxxxxxxx or of Section 8.02 of and the Series 2010B Indenture, cause the Bonds to be converted to an Interest Period (as defined in that Indenture) that is not a Credit Facility Period (as defined in that Indenture).
To the extent not paid by the Sponsor and outstanding for at least 60 days, the fees and indemnities provided for in this Section 4.3 shall be paid by the Issuer pursuant to Section 4.04(a) of the Series 0000-X Xxxxxxxxx Supplement; provided, that prior to such payment pursuant to the Series 0000-X Xxxxxxxxx Supplement, the Asset Representations Reviewer shall notify the Sponsor in writing that such fees and indemnities have been outstanding for at least 60 days.
To the extent not paid by the Sponsor and outstanding for at least 60 days, the Review Fee shall be paid by the Issuer pursuant to Section 4.04(a) of the Series 0000-X Xxxxxxxxx Supplement.
If such fees and indemnities are paid pursuant to Section 4.04(a) of the Series 0000-X Xxxxxxxxx Supplement, the Sponsor shall reimburse the Issuer in full for such payments.
The reasonable out-of-pocket expenses of the Asset Representations Reviewer together with reasonable compensation for the time it incurs in connection with its participation in any dispute resolution proceeding will be considered expenses of the Requesting Party for the dispute resolution and will be paid by a party to the dispute resolution as determined by the mediator or arbitrator for the dispute resolution according to Section 8.11(c) of the Series 0000-X Xxxxxxxxx Supplement.
This Agreement will terminate, except for the obligations under Section 4.5, on the earlier of (a) the payment in full of all outstanding Series 2017-C Notes and the satisfaction and discharge of the Series 0000-X Xxxxxxxxx Supplement and (b) the date the Issuer is terminated under the Trust Agreement.