Asset Release Requirement means, at any time, any requirement set forth as such in a Supplemental Indenture.
Asset Release Requirement means that, as of the date of determination, (A)(i) the Senior Asset Percentage is at least equal to [ ]% and (ii) the Subordinate Asset Percentage is at least equal to [ ]% and (B) the Aggregate Value of assets held under the Indenture, less the principal amount of all Notes Outstanding will exceed $[ ] after release or payment; provided, however, that if any Financed Eligible Loan shall have ceased to be an Eligible Loan because it has lost its Guarantee as a result of marketing operations of Student Loan Consolidation Center, LLC, or any agents thereof, and not Servicer error and such Financed Student Loan remains in the Trust Estate as of such date of determination (a “Non-Guaranteed Loan”), then “Asset Release Requirement” shall mean, as of the date of determination and after release or payment, that (A) the Aggregate Value less the sum of all accrued interest on Outstanding Senior Notes, all accrued Issuer Swap Payments with respect to Senior Swap Agreements and all accrued fees with respect to Senior Credit Enhancement Facilities is equal to at least [ ]% of the principal amount of all Senior Notes Outstanding plus [ ]% of the unpaid principal and accrued interest on the Non-Guaranteed Loans remaining in the Trust Estate, (B) the Aggregate Value less the sum of all accrued interest on all Outstanding Subordinate Notes, all accrued Issuer Swap Payments (other than with respect to Junior Subordinate Swap Agreements) and all accrued fees with respect to Credit Enhancement Facilities (other than Junior Subordinate Credit Enhancement Facilities) is equal to at least [ ]% of the principal amount of all Notes Outstanding plus [ ]% of the unpaid principal and accrued interest on the Non-Guaranteed Loans remaining in the Trust Estate and (C) the Aggregate Value of assets held under the Indenture, less the principal amount of all Notes Outstanding will exceed $[ ] after release or payment; or in all cases such lesser percentages or amounts as may be permitted with a Rating Agency Confirmation. or, in either case, such greater amount(s) as may be provided in a Supplemental Indenture providing for the issuance of any series of Notes any of which are then Outstanding; provided, that in connection with any proposed amendment to the Indenture to reduce any such requirements to levels not below those set forth above, the Holders of all Outstanding Series [ ] Notes shall be deemed to have consented to such amendment.
Asset Release Requirement means that, as of the date of determination, (A)(i) the Senior Asset Percentage is at least equal to one hundred six percent (106%) and (ii) the Subordinate Asset Percentage is at least equal to one hundred one percent (101%) and (B) the Aggregate Value of assets held under the Indenture, less the principal amount of all Notes Outstanding will exceed three million dollars ($3,000,000) after release or payment.
Examples of Asset Release Requirement in a sentence
In order to fund ongoing operating and project expenditures the Company is exploring financing opportunities including those involving stock or flow‐ through shares.
More Definitions of Asset Release Requirement
Asset Release Requirement means that, as of the date of determination, (A)(i) the Senior Asset Percentage is at least equal to 107.0% and
Asset Release Requirement means that, as of the date of determination, (A) the Senior Asset Percentage is at least equal to 107.0% and the Subordinate Asset Percentage is at least equal to 101.5% and (B) the Aggregate Value of assets held under the Indenture, less the principal amount of all Notes Outstanding will exceed $1,000,000 after release or payment. or, in either case, such greater amount(s) as may be provided in a Supplemental Indenture providing for the issuance of any series of Notes any of which are then Outstanding; provided, that in connection with any proposed amendment to the Indenture to reduce any such requirements to levels not below those set forth above, the Holders of all Outstanding Series 2001 Notes shall be deemed to have consented to such amendment.
Asset Release Requirement means that, as of the date of determination, (A) the Senior Asset Percentage is at least equal to 107.0% and the Subordinate Asset Percentage is at least equal to 101.5% and (B) the Aggregate Value of assets held under the Indenture, less the principal amount of all Notes Outstanding will exceed $1,000,000 after release or payment. or, in either case, such lesser or greater percentage(s) and amount(s) as may be provided in a Supplemental Indenture satisfying the Rating Agency Condition.
Asset Release Requirement means that, as of the date of determination, (A) the Senior Asset Percentage is at least equal to ___% and the Subordinate Asset Percentage is at least equal to ___% and (B) the Aggregate Value of assets held under the Indenture, less the principal amount of all Notes Outstanding will exceed $__________ after release or payment; provided, however, that if any Financed Eligible Loan shall have ceased to be an Eligible Loan because it has lost its Guarantee as a result of marketing operations of College Loan Corporation and not servicer error and such Financed Student Loan remains in the Trust Estate as of such date of determination (a "Non-Guaranteed Loan"), then Asset Release Requirement shall mean, as of the date of determination and after release or payment, that (A) the Aggregate Value less the sum of all accrued interest on Outstanding Senior Notes, all accrued Issuer Swap Payments with respect to Senior Swap Agreements and all accrued fees with respect to Senior Credit Enhancement Facilities is equal to at least ___% of the principal amount of all Senior Notes Outstanding plus ___% of the unpaid principal and accrued interest on the Non-Guaranteed Loans remaining in the Trust Estate, (B) the Aggregate Value less the sum of all accrued interest on all Outstanding Subordinate Notes, all accrued Issuer Swap Payments (other than with respect to Junior Subordinate Swap Agreements) and all accrued fees with respect to Credit Enhancement Facilities (other than Junior Subordinate Credit Enhancement Facilities) is equal to at least ___% of the principal amount of all Notes Outstanding plus ___% of the unpaid principal and accrued interest on the Non-Guaranteed Loans remaining in the Trust Estate and (C) the Aggregate Value of assets held under the Indenture, less the principal amount of all Notes Outstanding will exceed $___________ after release or payment; or in all cases such lesser percentages or amounts as may be permitted upon satisfaction of a Rating Agency Condition; and
Asset Release Requirement means that, after giving effect to any release of funds to the Issuer, the Parity Ratio will, after any such transfer, be at least 106%.
Asset Release Requirement means that, as of the date of determination, (A) the Senior Asset Percentage is at least equal to 106% and the Subordinate Asset Percentage is at least equal to 101% and (B) the Aggregate Value of assets held under the Indenture, less the principal amount of all Notes Outstanding, will exceed $1,500,000 after release or payment.
Asset Release Requirement means that, as of the date of determination, (A) the Senior Asset Percentage is at least equal to 105% and the Subordinate Asset Percentage is at least equal to 100.75% and (B) the Aggregate Value of assets held under the Indenture, less the principal amount of all Notes Outstanding will exceed $1,000,000 after release or payment; or, in either case, such greater amount(s) as may be provided in a Supplemental Indenture providing for the issuance of a series of Notes any of which are then Outstanding; provided, that in connection with any proposed amendment to the Indenture to reduce any such requirements to levels not below those set forth above, the Holders of all Outstanding Series 2000 Notes, Series 2002 Notes, Series 2004-1 Notes, Series 2004-2 Notes, Series 2005-1 Notes or Series 2007-1 Notes shall be deemed to have consented to such amendment.