Collateral Surplus definition

Collateral Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account plus the Collateral Indebtedness Amount over (b) the Required Collateral Amount.
View Source
Collateral Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account plus the Collateral Invested Amount over (b) the Required Collateral Amount; provided, however that at any time the Class B Invested Amount is greater than zero and as long as an Early Amortization Period is not in effect, at the option of the Seller (as evidenced by written instructions to the Servicer and the Trustee), the Collateral Surplus shall be such higher amount as the Seller shall specify, from time to time, in such instructions.
View Source
Collateral Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account PLUS the Collateral Invested Amount over (b) the greater of (x) the Required Collateral Amount or (y) at any time the Class B Invested Amount is greater than zero and as long As a Rapid Amortization (or Early Accumulation) Period is not in effect, at the option of the Seller (as evidenced by written instructions to the Servicer and the Trustee), such higher amount as the Seller shall specify, from time to time, in such instructions.]
View Source

Examples of Collateral Surplus in a sentence

  • It shall not make any Restricted Payment, if, at the time of declaration and payment thereof, a Default, Event of Default or Required Collateral Surplus Deficiency shall exist or would result from such declaration and payment.

  • In the event of the existence of a Net Collateral Surplus and so long as no Default or Event of Default shall be in existence, Borrower may from time to time request and obtain from the Bank the release of the Bank's security interest in such of the Mortgage Collateral as constitutes a Net Collateral Surplus.

  • Currency Com only authorizes the Cryptocurrency Transactions using funds maintained in your Account.

  • Any Cash Collateral Surplus shall be applied in accordance with the Class C Supplemental Agreement.

  • A Required Collateral Surplus Deficiency shall not have been remedied by the Cure Time.

  • The Borrower shall ensure that, on each Business Day (after giving effect to all acquisitions and dispositions of Collateral permitted under the Loan Documents, and the making, prepayment or repayment of Loans made hereunder on each applicable Business Day), no Required Collateral Surplus Deficiency shall exist.


More Definitions of Collateral Surplus

Collateral Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account plus the Collateral Invested Amount over (b) the greater of (x) the Required Collateral Amount or (y) at any time the Class B Invested
View Source
Collateral Surplus means, with respect to any Distribution ------------------ Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account plus the Collateral Invested Amount over (b) the greater of (x) the ---- Required Collateral Amount or (y) at any time the Class B Invested Amount is greater than zero and as long As a Rapid Amortization (or Early Accumulation) Period is not in effect, at the option of the Seller (as evidenced by written instructions to the Servicer and the Trustee), such higher amount as the Seller shall specify, from time to time, in such instructions.]
View Source

Related to Collateral Surplus

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • 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.

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,