Cash Release Amount definition

Cash Release Amount means on each Payment Date on and after the First Release Payment Date, the greater of:
Sample 1Sample 2Sample 3
Cash Release Amount means on each Distribution Date during the Release Period, the portion, if any, of the Total Distribution Amount which remains after payment of (a) the Servicing Fee, (b) the Noteholders' Interest Distributable Amount, (c) the Release Period Noteholders' Principal Distributable Amount and (d) the amount, if any, required to increase the amount in the Reserve Account to the Specified Reserve Account Balance; provided that on the Last Release Distribution Date the Cash Release Amount shall equal the Initial Overcollateralization Amount less the aggregate of the Cash Release Amounts for all prior Distribution Dates.
Sample 1Sample 2Sample 3
Cash Release Amount has the meaning set forth in the Notes.
Sample 1Sample 2Sample 3

Examples of Cash Release Amount in a sentence

  • For purposes of this Section, the Servicing Fee for the related Payment Date and any previously unpaid Servicing Fees shall, and the Cash Release Amount to be distributed to the Holders of the Trust Certificates may, be deducted from the Total Distribution Amount at any time on or prior to the Payment Date.

  • Any remaining collections will be released to the Company as a "Cash Release Amount" until the Initial Overcollateralization Amount has been released.

  • No later than five Business Days following each Cash Release Date (as defined in Schedule I.4), the Buyer and the Sellers’ Representative shall deliver to the Escrow Agent a joint written instruction instructing the Escrow Agent to distribute to the Sellers’ Representative and/or to the Buyer, as the case may be, the Cash Release Amount (as defined in Schedule I.4) applicable to such Cash Release Date.

  • On the Distribution Date (the "Last Release Distribution Date") on which the cumulative amount of the Cash Releases equals the Initial Overcollateralization Amount, the amount of principal distributable to the Noteholders will be the Noteholders' Principal Distributable Amount less the Cash Release Amount released on such Distribution Date.

  • During the Release Period, the principal available to be paid on the Notes on each Payment Date shall be reduced by the Cash Release Amount as described under "Release of Initial Overcollateralization Amount".

  • The amount of cash released on such Distribution Date (the "Cash Release Amount") shall not exceed 5.5% of the Regular Principal Distribution Amount for such Distribution Date.

  • Subject to the conditions set forth below, on each Payment Date during the Release Period (as defined below), an amount (the "Cash Release Amount") will be released to Premier Receivables L.L.C. (the "Company").

  • For purposes of this section, the Servicing Fee for the related Distribution Date and any previously unpaid Servicing Fees shall, and the Cash Release Amount to be distributed to the Holders of the Trust Certificates may, be deducted from the Total Distribution Amount at any time on or prior to the Distribution Date.

  • For purposes of this Section, the Servicing Fee for the related Distribution Date and any previously unpaid Servicing Fees shall, and the Cash Release Amount to be distributed to the Holders of the Trust Certificates may, be deducted from the Total Distribution Amount at any time on or prior to the Distribution Date.

  • Subject to condition (4) below, the amount of cash released on such Distribution Date (the "Cash Release Amount") shall not exceed 5.5% of the Regular Principal Distribution Amount for such Distribution Date.


More Definitions of Cash Release Amount

Cash Release Amount means, with respect to a Distribution Date, the amount equal to 5.5% of the Regular Principal Distribution Amount for such Distribution Date.
Sample 1Sample 2
Cash Release Amount has the meaning given to such term in Clause 15.11 (Definitions) of the Issuer/Borrower Facility Agreement;
Sample 1
Cash Release Amount means (i) if the Company is entitled under the CLO IV CMA to receive the full CLO IV Management Fee for the entire the three month period ending on the applicable Cash Release Date, $500,000 to be paid to the Sellers’ Representative or (ii) if the Company is not entitled under the CLO IV CMA to receive the full CLO IV Management Fee for any part of such three month period ending on the applicable Cash Release Date, (A) $500,000 less the Partial Release Amount to be paid to the Buyer and (B) the Partial Release Amount to be paid to the Sellers’ Representative. Any reduction in the CLO IV Management Fee resulting from any waiver effected by or on behalf of the Company shall, unless the same is part of a settlement, compromise or consent to entry of judgment permitted by Section 7.04(d) of the Purchase Agreement, be disregarded for purposes of determining the Cash Release Amount and the Company shall be deemed to be entitled to receive such reduced amount notwithstanding such waiver.
Sample 1
Cash Release Amount means on each Payment Date during the Release Period, the greater of (i)(a) the Related Pool Balance times 0.955, plus (b) the excess of the Total Distribution Amount over the sum of (x) the Servicing Fee (together with any previously unpaid Servicing Fees), (y) interest due on the Notes on such Payment Date and (z) the amount, if any, required to be deposited in the Reserve Account on such Payment Date pursuant to Section 5.06, minus (c) the sum of the aggregate Outstanding Amount of the Notes and the Certificate Balance of the Overcollateralization Certificates before giving effect to payments of principal made on such Notes and Overcollateralization Certificates on such Payment Date and (ii) $0; provided that on the Last Release Payment Date the Cash Release Amount shall equal the Initial Overcollateralization Amount less the aggregate of the Cash Release Amounts for all prior Payment Dates.
Sample 1
Cash Release Amount means (subject to any adjustments upon the grant of Additional Term Advances agreed with the Rating Agencies):
Sample 1
Cash Release Amount means on each Distribution Date during the Release Period, the portion, if any, of the Total Distribution Amount which remains after payment of (a) the Servicing Fee, (b) the Noteholders' Interest Distributable Amount, (c) the Release Period Noteholders' Principal Distributable Amount and (d) the amount, if any, required to increase the amount in the Reserve Account to the Specified Reserve Account Balance; provided that on the Last Release Distribution Date the Cash Release Amount shall equal the Initial
Sample 1

Related to Cash Release Amount

  • Release Amount means, for a Property, the following applicable amount together with any other amounts specified in Section 2.4.4:

  • Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the Excess Overcollateralized Amount.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Severance Amount means:

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Release Price As defined in Section 4.5(a).

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Release Period means the period specified in paragraph 3(d) of the letter of consent.

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Excess Cash Flow Payment Period means, with respect to any Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Closing Payment Amount shall have the meaning set forth in Section 3.1(a).

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Increase Amount is defined in Section 2.3(a).

  • Cumulative Retained Excess Cash Flow Amount means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for all Excess Cash Flow Periods ending after the Closing Date and prior to such date.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Seller Remittance Amount With respect to each Servicer, the meaning assigned to such term in the related Servicing Agreement.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming: