Collateral Reserve Amount definition

Collateral Reserve Amount means, as of any date of determination (and after giving effect to any Revolving Advances being made on such date), an amount equal to the product of (A) 1.00% and (B) the then applicable aggregate outstanding principal balance of Revolving Advances as of such date.
Sample 1
Collateral Reserve Amount means One Million Five Hundred Thousand and 00/100 Dollars ($1,500,000.00) as reduced pursuant to the last sentence of Section 5.2, which shall be in effect at all times unless (i) the Eligible Cash Receipts Percentage equals or exceeds one hundred twenty percent (120%) of the Total Facility or (ii) the Borrowers shall have delivered to the Agent all Waivers required pursuant to Section 5.2 hereof.
Sample 1
Collateral Reserve Amount means an amount equal to the greater of: (i) $17,500,000; and (ii) 25% of the aggregate amount of the Commitments.
Sample 1

Examples of Collateral Reserve Amount in a sentence

  • The Cash Collateral Reserve Amount shall be permanently reduced by the aggregate amount of Available Cash of the Specified Group Members used from time to time to cash collateralize Existing L/Cs pursuant to Section 2.21(a)(ii)(y).

  • Upon the expiration of the Revolving Period, so long as no Default or Event of Default shall have occurred and be continuing, Agent shall withdraw the amount (if any) of the Collateral Reserve that is in excess of the Collateral Reserve Amount on deposit in the Collateral Reserve Account, which excess amount shall be applied by Agent to repay any outstanding Loans and, if no Loans are then outstanding, shall be delivered to the Borrower.

  • The Cash Collateral Reserve Amount with respect to any Mortgage Loan shall be subject to subordination levels generated via the CRE model, and shall be not less than 5% of the greater of the outstanding principal balance and the purchase price paid by CRE for Mortgage Loans with less than a 16% subordination level to the BBB using the CRE model.

  • In connection with each Revolving Advance, Agent and/or Borrower shall withhold from such Revolving Advance, for immediate deposit (and shall deposit same) into the Collateral Reserve Account, an amount equal to the excess (if any) of (a) the Collateral Reserve Amount (giving effect to such Revolving Advance), and (b) the amount then on deposit in the Collateral Reserve Account.

  • Concurrently with the funding of each Mortgage Loan, CRIIMI MAE shall deposit with CRE, in the Cash Collateral Reserve Account, the related Cash Collateral Reserve Amount determined as provided in this Section 4.01.

  • In the event that any Mortgage Loan, while in the Program, performs in such a manner that this subordination model reflects a subordination level below 16% to the BBB, and provided that no Event of Default shall have occurred and be continuing, any excess Cash Collateral Reserve Amounts shall be promptly refunded to CRIIMI MAE; PROVIDED, HOWEVER, that in no event shall the Cash Collateral Reserve Amount at any time be less than 5% of the outstanding principal balance of the Portfolio.

  • For Mortgage Loans with a subordination level above 16% to the BBB using the CRE model, the Cash Collateral Reserve Amount will equal 5% plus half the difference between the level generated via the CRE model and 16% (e.g., for a 20% subordination level to the BBB it would be 20%-16% times 50% equals 2.0% additional subordination reserve for a total of 7.0%).

  • If at the expiration of the Revolving Period, the amount on deposit in the Collateral Reserve Account is less than the Collateral Reserve Amount, and no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Lenders shall make a Revolving Advance, subject to the requirements of Section 4.2 hereof, as applicable, in an amount equal to such shortfall, and the proceeds of such Revolving Advance shall be deposited by Borrower in the Collateral Reserve Account.

Related to Collateral Reserve Amount

  • Requisite Reserve Amount As of any date with respect to any Series (or Class within such Series), the amount, if any, required to be maintained in the Reserve Account, if any, for such Series or Class as specified in or determined pursuant to the related Supplement.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Reserve Amount means, for any Payment Date, the amount of cash or other immediately available funds in the Reserve Account on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date.

  • 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 [*];

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Interest Reserve Amount has the meaning set forth in Section 5.1(d).

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Available Reserve Account Amount means, with respect to any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (after taking into account any interest and earnings retained in the Reserve Account pursuant to subsection 4.15(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.11(i) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Initial Reserve Account Deposit Amount means an amount equal to $29,411,740.05.

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2022-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Initial Reserve Account Deposit means $3,000,000.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Professional Fee Reserve Amount means the total amount of Professional Fee Claims estimated in accordance with Article II.A.2(c) of the Plan.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Collateral Amount means, as of any date of determination, an amount equal to the result of (a) Initial Collateral Amount, minus (b) the amount of principal previously paid to the Series 2023-A Noteholders and, without duplication, the principal amount of any Series 2023-A Notes that are retired and cancelled, minus (c) reductions in the Collateral Amount pursuant to Section 4.4(f), minus (d) the balance on deposit in the Principal Accumulation Account, minus (e) the excess, if any, of the aggregate amount of Investor Charge-Offs and Reallocated Principal Collections over the reimbursements of such amounts pursuant to subsection 4.4(a)(vii) prior to such date; provided, that, the Collateral Amount will not be less than zero.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Reserve Account Required Amount means, with respect to any Payment Date, an amount equal to 0.25% of the Adjusted Pool Balance as of the Cutoff Date; provided, however, that in no event shall the Reserve Account Required Amount on any Payment Date be more than the aggregate Outstanding Amount of the Notes on such Payment Date (after giving effect to the allocation of principal payments on such Payment Date).

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.