Additional Provisions Regarding the Class Sample Clauses

Additional Provisions Regarding the Class. II A-2 Pass-Through ------------------------------------------------------------- Rates on the Class II A-2 Certificates. -------------------------------------- The determination of a Class II A-2 Pass-Through Rate by the Auction Agent, the Trustee or any other Person pursuant to the provisions of the applicable Section of this Article 2 shall be conclusive and binding on the Certificateholders of Class II A-2 Certificates to which such Class II A-2 Pass-Through Rate applies, and the Trustee may rely thereon for all purposes. In no event shall the cumulative amount of interest paid or payable on the Class II A-2 Certificates (including interest calculated as provided herein, plus any other amounts that constitute interest on the Class II A-2 Certificates under applicable law, which are contracted for, charged, reserved, taken or received pursuant to the Class II A-2 Certificates or related documents) calculated from the date of issuance of the Class II A-2 Certificates through any subsequent day during the term of the Auction Rate or otherwise prior to payment in full of the Class II A-2 Certificates exceed the amount permitted by applicable law. If the applicable law is ever judicially interpreted so as to render usurious any amount called for under the Class II A-2 Certificates or related documents or otherwise contracted for, charged, reserved, taken or received in connection with the Class II A-2 Certificates, or if the acceleration of the maturity of the Class II A-2 Certificates results in payment to or receipt by the Certificateholder or any former Certificateholder of the Class II A-2 Certificates of any interest in excess of that permitted by applicable law, then, notwithstanding any provision of the Class II A-2 Certificates or related documents to the contrary, all excess amounts theretofore paid or received with respect to the Class II A-2 Certificates shall be credited on the principal balance of the Class II A-2 Certificates (or, if the Class II A-2 Certificates have been paid or would thereby be paid in full, refunded by the recipient thereof), and the provisions of the Class II A-2 Certificates and related documents shall automatically and immediately be deemed reformed and the amounts thereafter collectible hereunder and thereunder reduced, without the necessity of the execution of any new document, so as to comply with the applicable law, but so as to permit the recovery of the fullest amount otherwise called for under the Class II A-2 Ce...
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Additional Provisions Regarding the Class. INTEREST RATES ON THE SERIES 199_-_ NOTES. The determination of a Class Interest Rate by the Auction Agent, the Indenture Trustee or any other Person pursuant to the provisions of the applicable Section of this Article II shall be conclusive and binding on the Noteholders of the Class of Series 199_-_ Notes to which such Class Interest Rate applies, and the Issuer and the Indenture Trustee may rely thereon for all purposes. In no event shall the cumulative amount of interest paid or payable on a Class of Series 199_-_ Notes (including interest calculated as provided herein, plus any other amounts that constitute interest on the Series 199_-_ Notes of such Class under applicable law, which are contracted for, charged, reserved, taken or received pursuant to the Series 199_-_ Notes of such Class or related documents) calculated from the date of issuance of the Series 199_-_ Notes of such Class through any subsequent day during the term of the Series 199_-_ Notes of such Class or otherwise prior to payment in full of the Series 199_-_ Notes of such Class exceed the amount permitted by applicable law. If the applicable law is ever judicially interpreted so as to render usurious any amount called for under the Series 199_-_ Notes of such Class or related documents or otherwise contracted for, charged, reserved, taken or received in connection with the Series 199_-_ Notes of such Class, or if the acceleration of the maturity of the Series 199_-_ Notes of such Class results in payment to or receipt by the Noteholder or any former Noteholder of the Series 199_-_ Notes of such Class of any interest in excess of that permitted by applicable law, then, notwithstanding any provision of the Series 199_-_ Notes of such Class or related documents to the contrary, all excess amounts theretofore paid or received with respect to the Series 199_-_ Notes of such Class shall be credited on the principal balance of the Series 199_-_ Notes of such Class (or, if the Series 199_-_ Notes of such Class have been paid or would thereby be paid in full, refunded by the recipient thereof), and the provisions of the Series 199_-_ Notes of such Class and related documents shall automatically and immediately be deemed reformed and the amounts thereafter collectible hereunder and thereunder reduced, without the necessity of the execution of any new document, so as to comply with the applicable law, but so as to permit the recovery of the fullest amount otherwise called for under the Series ...

Related to Additional Provisions Regarding the Class

  • General Provisions Regarding the Collection Account (a) So long as no Default or Event of Default shall have occurred and be continuing, all or a portion of the funds in the Collection Account shall be invested in Eligible Investments and reinvested by the Indenture Trustee upon Issuer Order; provided, however, that (i) such Eligible Investments shall not mature or be redeemed later than the Business Day prior to the next Payment Date or Special Payment Date, if applicable, for the Recovery Bonds and (ii) such Eligible Investments shall not be sold, liquidated or otherwise disposed of at a loss prior to the maturity or the date of redemption thereof. All income or other gain from investments of moneys deposited in the Collection Account shall be deposited by the Indenture Trustee in such Collection Account, and any loss resulting from such investments shall be charged to such Collection Account. The Issuer will not direct the Indenture Trustee to make any investment of any funds or to sell any investment held in the Collection Account unless the security interest Granted and perfected in such account will continue to be perfected in such investment or the proceeds of such sale, in either case without any further action by any Person, and, in connection with any direction to the Indenture Trustee to make any such investment or sale, if requested by the Indenture Trustee, the Issuer shall deliver to the Indenture Trustee an Opinion of Counsel of external counsel of the Issuer (at the Issuer’s cost and expense) to such effect. In no event shall the Indenture Trustee be liable for the selection of Eligible Investments or for investment losses incurred thereon. The Indenture Trustee shall have no liability in respect of losses incurred as a result of the liquidation of any Eligible Investment prior to its stated maturity or its date of redemption or the failure of the Issuer or the Servicer to provide timely written investment direction. The Indenture Trustee shall have no obligation to invest or reinvest any amounts held hereunder in the absence of written investment direction pursuant to an Issuer Order, in which case such amounts shall remain uninvested.

  • General Provisions Regarding Payments (a) All payments by Borrower of principal, interest, fees and other Obligations shall be made in Dollars in same day funds, without defense, recoupment, set-off or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than (x) 12:00 p.m. (New York City time) on the date due at the Principal Office designated by Administrative Agent for the account of Lenders; for purposes of computing interest and fees, funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Borrower on the next succeeding Business Day.

  • General Provisions Regarding Accounts 44 SECTION 8.04. Release of Trust Estate..................................................................45 SECTION 8.05.

  • General Provisions Regarding Securities (a) The Administrative Trustees shall on behalf of the Trust issue one class of capital securities representing undivided beneficial interests in the assets of the Trust and one class of common securities representing undivided beneficial interests in the assets of the Trust.

  • Special Provisions Relating to Euro Each obligation hereunder of any party hereto that is denominated in the National Currency of a state that is not a Participating Member State on the date hereof shall, effective from the date on which such state becomes a Participating Member State, be redenominated in Euro in accordance with the legislation of the European Union applicable to the European Monetary Union; provided that, if and to the extent that any such legislation provides that any such obligation of any such party payable within such Participating Member State by crediting an account of the creditor can be paid by the debtor either in Euros or such National Currency, such party shall be entitled to pay or repay such amount either in Euros or in such National Currency. If the basis of accrual of interest or fees expressed in this Agreement with respect to an Agreed Foreign Currency of any country that becomes a Participating Member State after the date on which such currency becomes an Agreed Foreign Currency shall be inconsistent with any convention or practice in the interbank market for the basis of accrual of interest or fees in respect of the Euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to any Borrowing denominated in such currency that is outstanding immediately prior to such date, such replacement shall take effect at the end of the Interest Period therefor. Without prejudice to the respective liabilities of the Borrower to the Lenders and the Lenders to the Borrower under or pursuant to this Agreement, each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time, in consultation with the Borrower, reasonably specify to be necessary or appropriate to reflect the introduction or changeover to the Euro in any country that becomes a Participating Member State after the date hereof; provided that the Administrative Agent shall provide the Borrower and the Lenders with prior notice of the proposed change with an explanation of such change in sufficient time to permit the Borrower and the Lenders an opportunity to respond to such proposed change.

  • Additional Provisions Relating to Customer 6.1 Representations of Customer and Bank

  • General Provisions Regarding Payment; Loan Account (a) All payments to be made by each Borrower under any Financing Document, including payments of principal and interest made hereunder and pursuant to any other Financing Document, and all fees, expenses, indemnities and reimbursements, shall be made without set-off, recoupment or counterclaim. If any payment hereunder becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension (it being understood and agreed that, solely for purposes of calculating financial covenants and computations contained herein and determining compliance therewith, if payment is made, in full, on any such extended due date, such payment shall be deemed to have been paid on the original due date without giving effect to any extension thereto). Any payments received in the Payment Account before 12:00 Noon (Eastern time) on any date shall be deemed received by Agent on such date, and any payments received in the Payment Account at or after 12:00 Noon (Eastern time) on any date shall be deemed received by Agent on the next succeeding Business Day.

  • Additional Provisions Related to Exercise (a) The Option shall be exercisable only on such date or dates and during such period and for such number of shares of Common Stock as are set forth in this Agreement.

  • OTHER PROVISIONS RELATING TO RIGHTS OF HOLDERS OF WARRANT CERTIFICATES

  • Special Provisions Relating to Certain Collateral 13 Section 4.05. Remedies. 15 Section 4.06. Deficiency 17 Section 4.07. Locations, Names, Etc 17 Section 4.08. Private Sale 17 Section 4.09. Application of Proceeds 17 Section 4.10. Attorney in Fact and Proxy 17 Section 4.11. Perfection and Recordation 18 Section 4.12. Termination 18 Section 4.13. Further Assurances 18

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