Total Non-Payment Amount definition
Examples of Total Non-Payment Amount in a sentence
Notwithstanding anything to the contrary herein, the failure by the Trustee to deliver a Total Non-Payment Notice as provided herein shall not release the Standby Purchaser of its obligations to pay the Total Non-Payment Amount With Interest in the manner set forth in this Section 3(a).
All amounts payable by the Standby Purchaser hereunder in respect of any Total Non-Payment Amount With Interest shall be payable in U.S. dollars and in immediately available funds to the Trustee at the account specified in Section 12 below, or to such other account as may be specified by the Trustee in the applicable Total Non-Payment Notice.
The Total Non-Payment Notice shall (i) confirm the amount of the Total Non-Payment Amount and the fact that such amount was not paid on the Total Non-Payment Due Date and (ii) remind the Standby Purchaser that it is obligated to pay the Total Non-Payment Amount immediately.
The Standby Purchaser’s obligation to pay one or more Partial Non-Payment Amounts With Interest or the Total Non-Payment Amount With Interest (collectively, the “Purchase Obligations”) are absolute and unconditional regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Noteholder under its Notes or the Indenture.
The Total Non-Payment Notice shall (i) confirm the amount of the Total Non-Payment Amount and the fact that such amount was not paid on the Total Non-Payment Due Date and (ii) remind the Standby Purchaser that it is obligated to purchase the rights of the Noteholders to receive the Total Non-Payment Amount immediately.
The Standby Purchaser’s obligation to purchase the rights of the Noteholders right to receive one or more Partial Non-Payment Amounts With Interest or the Total Non-Payment Amount With Interest (collectively, the “Purchase Obligations”) are absolute and unconditional regardless of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Noteholder under its Notes or the Indenture.
Service Organization agrees to provide to the Fund or its designees each calendar year (or at such other times as the Fund may reasonably request) such information as shall reasonably be requested by the Fund or its designees with respect to the Administrative Service Fees paid to Service Organization under this Agreement.
All amounts payable by the Standby Purchaser hereunder in respect of any Total Non-Payment Amount With Interest shall be payable in U.S. dollars and in immediately available funds to the Trustee at the account specified in Section 11 below, or to such other account as may be specified by the Trustee in the applicable Total Non-Payment Notice.