Excess Contract definition

Excess Contract as of any date of determination, means each Contract selected by the Servicer in accordance with Section 11.01 at such time as there shall have been discovered a breach of any of the representations and warranties set forth in Section 3.05, the removal of which pursuant to Section 11.01 and the Originator's repurchase thereof or substitution of a Substitute Contract therefor pursuant to Section 11.01, shall remedy such breach.
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Excess Contract as of any date of determination, means each Contract selected by the Servicer in accordance with Section 7.06 at such time as there shall have been discovered a breach of any of the representations and warranties set forth in Section 3.05 of the Transfer and Sale Agreement, the removal of which pursuant to Section 7.06 hereof and the Seller's repurchase thereof or substitution of a Subsequent Contract therefor pursuant to Section 5.01 of the Transfer and Sale Agreement, shall remedy such breach.
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Excess Contract as such term is defined in the definition of the term “Borrowing Base”.
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Examples of Excess Contract in a sentence

  • See Excess Contract Debt on page 19 for another way the contract may end.

  • In the case of a Delayed Delivery Offering, the commission payable by the issuer in respect of any Contract Securities allocated to you pursuant to the last paragraph of Section 5 hereof shall be credited (after deducting any commissions paid by the Representatives to any Selected Dealer for services rendered in respect of such Contract Securities) to your account and, in addition, you shall be treated as a Selected Dealer in respect of your Excess Contract Securities, if any.

  • The Trust will disburse to the Sponsor Excess Contract Interest and other excess cash with respect to such transfers, and the obligation of the Sponsor to transfer such Additional Receivables is limited by the amount of the Excess Contract Interest and other excess cash available.

  • Determination of the existence of an Excess Contract Contribution Amount.

  • Sponsor Excess Contract Interest and other excess cash with respect to such transfers, and the obligation of the Sponsor to transfer such Additional Receivables is limited by the amount of the Excess Contract Interest and other excess cash available.

  • Accordingly, any Excess Deferral Percentage, Excess Contribution Percentage, and Excess Contract Contribution Amount (all as defined in this Article) must be eliminated.

  • To the extent that the quantity of Contract Goods purchased from the Mill for use at the Plant is less than the quantity of Contract Goods that would be required to satisfy the Daily Plant Capacity (the amount of such difference being referred to herein as the "Excess Contract Goods"), NWP agrees to purchase from Millxx, xxd Millxx xxxees to sell to NWP, such Excess Contract Goods for use by NWP at NWP's Lebanon Plant.

  • Excess Contract Debt.--If contract debt ever becomes equal to or more than the cash value, all the contract's benefits will end 61 days after we mail a notice to you and any assignee of whom we know.

  • For purposes of this provision, NWP shall be obligated to purchase Excess Contract Goods from Millxx xxx the Lebanon Plant equal to the amount of such Excess Contract Goods, but not more than [Confidential Treatment Requested by New World Pasta Company] of the Lebanon Plant's annual requirements for Contract Goods during each Contract Year.

  • Such distribution shall be made on or before the first April 15 following the close of the taxable year in which the Excess Contract Contribution Amount was created.

Related to Excess Contract

  • distance contract means a contract concluded between a trader and a consumer under an organised distance sales or service-provision scheme without the simultaneous physical presence of the trader and the consumer, with the exclusive use of one or more means of distance communication up to and including the time at which the contract is concluded;

  • Excess Fraud Loss Any Fraud Loss, or portion thereof, which exceeds the then applicable Fraud Loss Amount.

  • Excess Concentration means the sum of the following amounts, without duplication:

  • Excess Contribution means a contribution that exceeds the

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • Excess Bankruptcy Loss Any Bankruptcy Loss, or portion thereof, which exceeds the then applicable Bankruptcy Amount.

  • Excess Loss The amount of any (i) Fraud Loss realized after the Fraud Loss Coverage Termination Date, (ii) Special Hazard Loss realized after the Special Hazard Coverage Termination Date or (iii) Bankruptcy Loss realized after the Bankruptcy Coverage Termination Date.

  • Excess Concentration Amount means, on any date of determination, the sum of, without duplication,

  • Applicable Contract any Contract (a) under which the Company has or may acquire any rights, (b) under which the Company has or may become subject to any obligation or liability, or (c) by which the Company or any of the assets owned or used by it is or may become bound.

  • sales contract means a contract under which a trader transfers or agrees to transfer the ownership of goods to a consumer and the consumer pays or agrees to pay the price, including any contract that has both goods and services as its object. Conformity

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Prospective state contractor means a person, business entity or nonprofit organization that (i) submits a response to a state contract solicitation by the state, a state agency or a quasi-public agency, or a proposal in response to a request for proposals by the state, a state agency or a quasi-public agency, until the contract has been entered into, or (ii) holds a valid prequalification certificate issued by the Commissioner of Administrative Services under section 4a-100. "Prospective state contractor" does not include a municipality or any other political subdivision of the state, including any entities or associations duly created by the municipality or political subdivision exclusively amongst themselves to further any purpose authorized by statute or charter, or an employee in the executive or legislative branch of state government or a quasi-public agency, whether in the classified or unclassified service and full or part-time, and only in such person's capacity as a state or quasi-public agency employee.

  • Prospective contractor means a person who is subject to the competitive sealed proposal process set forth in the Procurement Code or is not required to submit a competitive sealed proposal because that person qualifies for a sole source or a small purchase contract.

  • Provider contract means any contract between a provider and a carrier (or a carrier's network,

  • Master Contract means the CATS Master Contract between the Maryland Department of Budget and Management andTO Contractor dated December 19, 2005.

  • works contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract;

  • Open Contract means a Contract which has not been closed out and which has not yet matured;