Credit Loss Reimbursement Sample Clauses

Credit Loss Reimbursement. (a) PBCC and the Seller, jointly and severally, covenant and agree to indemnify and hold the Buyer harmless from any Credit Loss Amounts, to the extent the aggregate Credit Loss Amounts for all Transferred Financing Contracts and Funded Backlog exceed the Reimbursement Threshold; provided, however, that the amount of any Credit Loss Amount for any Transferred Financing Contract or Funded Backlog shall be determined without deducting any amounts that represent or constitute a writeoff or writedown with respect to such Transferred Financing Contract or Funded Backlog by CPLC. For purposes of determining if a Credit Loss Event has occurred with respect to any Transferred Financing Contract or any Funded Backlog, the term or maturity date of any such Transferred Financing Contract or Funded Backlog shall be deemed to be the contractual term or maturity (including any extension periods that may be exercised at the sole discretion of the Obligor under such Transferred Financing Contract or Funded Backlog) of such Transferred Financing Contract or Funded Backlog, as it is in effect on the Closing Date.
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Credit Loss Reimbursement. In the event that (i), with respect to any Tail Book Asset that is a Long-dated OTC Transaction and has not been Transferred to the Purchaser, the applicable Seller or Subsidiary thereof which is a party to such Commodity Transaction incurs an actual credit loss in respect of a Counterparty to one or more Commodity Transactions and (ii) a credit reserve was applied to such Counterparty in respect of such Commodity Transactions as of the Closing as reflected in the Final Book Value (or, if not yet determined, the Estimated Book Value) and identified by Counterparty and amount in the statement delivered by Seller Parties in accordance with Section 2.9(a)(x), then, promptly after receipt of written request from any Seller Party, the Purchaser shall pay to the Partnership (on behalf of the Seller Parties), by wire transfer of immediately available funds to such accounts as identified by the Partnership to the Purchaser in such notice, an amount equal to the amount of such credit reserve applicable to such Counterparty as reflected in the Final Book Value (or, if not yet determined, the Estimate Book Value) and the statement delivered by Seller Parties pursuant to Section 2.9(a)(x). Any payment made under this Section 7.17 shall be made by way of an adjustment to the consideration paid by each Party under Section 2.5(a), and such consideration shall be deemed to have been reduced or increased, as the case may be, by the amount of such payment and such adjustment shall be allocated in accordance with Section 2.6 and, for the avoidance of doubt, following such payment paragraph 3 of Schedule 2.3(c) shall apply to all Commodity Transactions with such Counterparty.
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Related to Credit Loss Reimbursement

  • Meal Reimbursement 1. If an employee is required to work one and one-half (1-1/2) hours before or beyond his/her normal working day or on overtime for emergency purposes or for extended work periods of five (5) or more hours in length on a day that is not the employee’s regular work day, and the employee is not exercising flexible work hours, the employee shall be reimbursed for the actual cost of a meal/food items not to exceed $18.00, plus tip (not to exceed 15%) and applicable taxes. Reimbursement is contingent upon the employee providing receipts.

  • Travel Reimbursement 2.1 The County will only cover costs associated with travel on vendors outside a 50 mile radius from Xxxxxxxxxx County, Texas.

  • Disbursements, Reimbursement Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

  • Mileage Reimbursement A. Subject to the current Vehicle Rules and Regulations established by the Board, an employee who is authorized to use a private automobile in the performance of duties shall be reimbursed for each mile driven in the performance of his or her duties during each monthly period as follows:

  • Tax Reimbursement (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any payments or distributions by Ceridian to or for the benefit of Executive (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, but determined without regard to any payments required under this Section 7.04) (collectively, the "Payments") would be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties are incurred by Executive with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the "Excise Tax"), then Executive shall be entitled to receive an additional payment (a "Gross-Up Payment") in an amount such that, after payment by Executive of all taxes (and any interest or penalties imposed with respect to such taxes), including any income taxes and Excise Tax imposed upon the Gross-Up Payment, Executive retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments.

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • Course Reimbursement 15.9.1 Prior approval by the Department of Accountability & Staff and School Renewal is required.

  • Reimbursement Premium (1) The Company shall, in a timely manner, pay the SBA its Reimbursement Premium for the Contract Year. The Reimbursement Premium for the Contract Year shall be calculated in accordance with Section 215.555, Florida Statutes, with any rules promulgated thereunder, and with Article X(2).

  • Tuition Reimbursement A. Agencies may approve full or partial tuition reimbursement, consistent with agency policy and within available resources.

  • Travel Expense Reimbursement Pricing for services provided under this Contract are exclusive of any travel expenses that may be incurred in the performance of those services. Travel expense reimbursement may include personal vehicle mileage or commercial coach transportation, hotel accommodations, parking and meals; provided, however, the amount of reimbursement by Customers shall not exceed the amounts authorized for state employees as adopted by each Customer; and provided, further, that all reimbursement rates shall not exceed the maximum rates established for state employees under the current State Travel Management Program (xxxx://xxx.xxxxxx.xxxxx.xx.xx/procurement/prog/stmp/). Travel time may not be included as part of the amounts payable by Customer for any services rendered under this Contract. The DIR administrative fee specified in Section 5 below is not applicable to travel expense reimbursement. Anticipated travel expenses must be pre-approved in writing by Customer.

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