Cash Capitalization Account definition

Cash Capitalization Account means the account designated as such, established and maintained pursuant to Section 2.03(a)(iii) of the Administration Agreement.
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Cash Capitalization Account. “Cutoff Date”, “Indenture”, “Indenture Trustee”, “Notes”, “Reserve Account”, “Trust” and “Trust Agreement” shall have the meanings ascribed to such terms in Exhibit A-1 to that certain Indenture dated as of April 1, 2006 by and among SLM Funding LLC, Chase Bank USA, National Association, as the trustee, and JPMorgan Chase Bank, National Association, as the indenture trustee, as the same may be amended, modified, restated or replaced.
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Examples of Cash Capitalization Account in a sentence

  • On the fifth Business Day preceding each Monthly Servicing Payment Date that is not a Distribution Date, the Administrator shall calculate all amounts required to determine the amounts to be deposited in the Collection Account from the Cash Capitalization Account and the Reserve Account and the amounts to be distributed therefrom on the related Monthly Servicing Payment Date.

  • Cash Capitalization Account: Beginning Cash Capitalization Account Balance $ 0.00 Less: Releases this period* $ 0.00 Ending Cash Capitalization Account Balance (CI) $ 0.00 * Funds will be withdrawn from the Cash Capitalization Account under the following conditions: i If the amount of Available Funds on the distribution date is insufficient to pay through item C in section VII of this report.

  • On or before the Business Day immediately preceding each Distribution Date that is not a Quarterly Distribution Date, the Administrator shall calculate all amounts required to be deposited in the Collection Account from the Reserve Account and the Cash Capitalization Account and the amount to be distributed therefrom on the related Distribution Date.

  • Cash Capitalization Account: Beginning Cash Capitalization Account Balance Less: Releases this period* Ending Cash Capitalization Account Balance (CI) * Funds will be withdrawn from the Cash Capitalization Account under the following conditions: i If the amount of Available Funds on the distribution date is insufficient to pay through item C in section VII of this report.

  • Cash Capitalization Account: Beginning Cash Capitalization Account Balance0.00 Less: Releases for this period*0.00 Ending Cash Capitalization Account Balance (CI) * Funds will be withdrawn from the Cash Capitalization Account under the following conditions:0.00i If the amount of Available Funds on the distribution date is insufficient to pay through item J in section IX of this report.

  • A.Reserve Account: Specified Reserve Account Balance2,512,950.00 Actual Reserve Account Balance2,512,950.00B.Cash Capitalization Account: Beginning Cash Capitalization Account Balance0.00 Less: Releases for this period*0.00 Ending Cash Capitalization Account Balance (CI) * Funds will be withdrawn from the Cash Capitalization Account under the following conditions:0.00 i If the amount of Available Funds on the distribution date is insufficient to pay through item J in section XI of this report.

  • AFTER 3/16/2009 Amounts on deposit in the Cash Capitalization Account exceeding 3.50% of initial Asset Balance will be released if the overcollateralization amount at the end of the prior distribution period is greater than or equal to twice the overcollateralization amount that existed on the closing date, and at least 60% of the loan principal is in repayment status and no more than 30 days past due.

  • AFTER 6/15/2005 amounts on deposit in the Cash Capitalization Account exceeding 3.50% of initial Asset Balance will be released if the overcollateralization amount at the end of the prior distribution period is greater than or equal to twice the overcollateralization amount that existed on the closing date, and at least 60% of the loan principal is in repayment status and no more than 30 days past due.

  • The Initial Payment of the Loans shall equal $1,231,765,025 (equal to $1,338,079,989 (represents the sale price of the Notes less underwriters' commissions) less $3,118,201 (representing the Reserve Account Initial Deposit) less $102,590,156 (representing the Cash Capitalization Account initial deposit) less $609,000 (represents the upfront payment of the Interest Rate Cap Agreement) and the Excess Distribution Certificate.

  • The Initial Payment of the Loans shall equal $1,234,345,457 (equal to $1,342,237,933 (representing the sale price of the Notes less underwriters' commissions) less $3,124,915 (representing the Reserve Account Initial Deposit) less $102,811,061 (representing the Cash Capitalization Account Initial Deposit) less $1,956,500 (representing the upfront payment of the Interest Rate Cap Agreement)) and the Excess Distribution Certificate.

Related to Cash Capitalization Account

  • Liquidity Capitalization means the number, as of immediately prior to the Liquidity Event, of shares of the Company’s capital stock (on an as-converted basis) outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants and other convertible securities, but excluding: (i) shares of Common Stock reserved and available for future grant under any equity incentive or similar plan; (ii) any SAFEs; and (iii) convertible promissory notes.

  • Principal Funding Account Balance means, with respect to any date of determination, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Investment Account As defined in Section 3.12(a).

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Holding Account means an account:

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Excess Funding Account shall have the meaning specified in subsection 4.2(d).

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Rounding Account Not applicable.

  • Interest Funding Account shall have the meaning specified in subsection 4.2(b).

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Liquidity Account Investments means Deposit Securities or any other security or investment owned by the Fund that is rated not less than A3 by Moody’s, A- by Standard & Poor’s, A- by Fitch or an equivalent rating by any other NRSRO (or any such rating’s future equivalent) or if not rated, determined by the Adviser to be of comparable quality.

  • Capitalization Date has the meaning set forth in Section 3.2(a).

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.