Specified Portfolio definition
Examples of Specified Portfolio in a sentence
The cash and Investment Assets remaining in the Specified Portfolio after such removal will be the Transferred Portfolio.
Section 3.19(b)(ii) of the Seller Disclosure Schedule sets forth a list of each of the Reallocated Investment Assets that were added to the Specified Portfolio between the Reference Date and the date of this Agreement, and the Reallocated Asset Value Adjustments, if any, that were required with respect to such Reallocated Investment Assets during such period.
In furtherance thereof, and consistent with the requirements of a deferred exchange, the proceeds of the sale of the Specified Portfolio (the “Specified Proceeds”), shall be held in escrow by a “qualified intermediary” pending acquisition by Company of replacement properties (the “Replacement Properties”).
Further, to the extent the Bank or the Specified Third Party elects to sell, assign or transfer such Specified Portfolio pursuant to a bidding process, then Elavon shall be entitled to participate in such bidding process and Elavon, and any offer it shall make, shall be given equal consideration therein.
With respect solely to any applicable New Portfolio that is not a Specified Portfolio, and for so long as the Bank complies with the provisions of this Article VI, the operation in the ordinary course of business of the Merchant Services business by the Bank relating solely to such New Portfolio shall not in and of itself be deemed in breach of Article II hereof or Section 2.2 of the Non-Competition Agreement.
Each Specified Portfolio shall be subject to the provisions of Section 6.4(b) hereof.
In the event of any such sale of an impaired asset, Seller shall (or shall cause the Ceding Company or AHLIC to), as promptly as practicable following such sale (with a target of within one Business Day), acquire or designate for inclusion in the Specified Portfolio cash or replacement Investment Assets with an aggregate Fair Market Value equal to the Accounting Value of the Investment Asset sold in such sale, determined prior to any adjustment as a result of the impairment.
Representations and Warranties with Respect to Specified Portfolio Assets.
Pursuant to Clause 11, the Commonwealth further agrees to pay to the Bank a Subsidy with respect to Specified Portfolio Assets and Subsidised Advances.
Sellers shall cooperate with Buyer in notifying the Obligors under the Purchased Portfolio Assets of the assignment of such Purchased Portfolio Assets from Sellers to Buyer, provided, however, that such notification shall not apply in those instances when a Required Consent is to be obtained prior to the sale of any Specified Portfolio Asset to Buyer.