DIVERTED AMOUNT definition

DIVERTED AMOUNT. On any Distribution Date, an amount equal to any Special Hazard Loss allocated to the Group I Senior Certificates or Group II Senior Certificates, as applicable, for such date pursuant to Section 6.02(e). DTC CUSTODIAN: U.S. Bank National Association, or its successors in interest as custodian for the Depository.
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DIVERTED AMOUNT. For either Loan Group, on any Distribution Date on which Excess Special Hazard Losses or Excess Fraud Losses from the other Loan Group are allocated to the Certificates of the related Loan Group pursuant to Section 4.05, or on any subsequent Distribution Date occurring before such losses are fully covered by a Diverted Amount, an amount equal to the lesser of (a) the aggregate amount of all Excess Special Hazard Losses or Excess Fraud Losses from the other Loan Group which occurred prior to the related Distribution Date, minus the aggregate amount of Diverted Amounts previously distributed to the Certificates related to the other Loan Group in respect of such losses, and (b) the Principal Prepayments and the principal portion of the Monthly Payments otherwise payable to the Class B Certificates of the related Loan Group; provided, however, that the sum of the aggregate of the Diverted Amounts on such Distribution Date and all prior Distribution Dates corresponding to Excess Special Hazard Losses or Excess Fraud Losses, respectively, for the other Loan Group and the aggregate Special Hazard Losses or Fraud Losses, respectively, for the related Loan Group, may not exceed the Special Hazard Amount or Fraud Loss Amount, respectively, for the related Loan Group.
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DIVERTED AMOUNT. On any Distribution Date, an amount equal to any Special Hazard Loss allocated to the Group 1, Group 2 or Group 3 Senior Certificates, as applicable, for such date pursuant to Section 6.03(e).
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Examples of DIVERTED AMOUNT in a sentence

  • THE HISTORIC DIVERTED AMOUNT TO BE USED UNDER CLAIM 41O 178148-00 SHALL BE REDUCED BY THE PERCENT LOSS.

  • Water Right Types:Abbreviations/Conversions:1 Permit/ApplicationGPM - Gallon(s) per Minute2 ClaimCFS - Cubic Feet per Second3 Certified Filing1 Acre-Foot = 325,851 Gallons6 Certificate of Adjudication1 CFS = 448.8 Gallons per Minute9 Water Supply Contract NOTE: The MONTHLY DIVERTED AMOUNT column is where you will write in the amount of water diverted (taken) monthly from the water source (stream, river, lake or impoundment) authorized in your water right.

  • Commodity depository accounts can be opened in the name of "Partnership firm" and "Proprietorship firm" under type/sub-type "Body Corporate/Others", as the structure and regulations governing transactions in commodities do not prohibit a partnership/proprietorship firm to hold commodities in the name of partnership/ proprietorship firm.

  • The MONTHLY CONSUMED/USED AMOUNT column is where you will write in the amount of water (out of the MONTHLY DIVERTED AMOUNT) that was actually used/consumed (not returned to a water body) each month.


More Definitions of DIVERTED AMOUNT

DIVERTED AMOUNT. On any Distribution Date, an amount equal to any Special Hazard Loss allocated to the Group II Certificates for such date pursuant to Section 6.02(b).
Sample 1
DIVERTED AMOUNT. On any Distribution Date on which Special Hazard Losses from one Loan Group are allocated to the Certificates relating to the other Loan Group, a distribution of principal diverted to the Loan Group in which such Special Hazard Losses occurred, plus any unallocated Diverted Amounts from previous Distribution Dates.
Sample 1
DIVERTED AMOUNT. On any Distribution Date, an amount equal to any Special Hazard Loss allocated to the Group I Senior Certificates or Group II Senior Certificates, as applicable, for such date pursuant to Section 6.02(e). DTC CUSTODIAN: JPMorgan Chase Bank, or its successors in interest as custodian for the Depository.
Sample 1

Related to DIVERTED AMOUNT

  • Designated Amount means the lesser of:

  • Permitted Amount means, on any date, an amount equal to 3.5 times Adjusted EBITDA as of the most recent fiscal quarter for which financial statements of the Company are internally available immediately preceding such date.

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Uncommitted Amount shall have the meaning assigned thereto in the Pricing Side Letter.

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.

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

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • Accreted Amount means, with respect to an Accreting Obligation, an amount equal to (A) the sum of (i) the original issue price of such obligation and (ii) the portion of the amount payable at maturity that has accreted in accordance with the terms of the obligation (or as otherwise described below), less (B) any cash payments made by the obligor thereunder that, under the terms of such obligation, reduce the amount payable at maturity (unless such cash payments have been accounted for in clause (A)(ii) above), in each case calculated as of the earlier of (x) the date on which any event occurs that has the effect of fixing the amount of a claim in respect of principal and (y) the Delivery Date or applicable Valuation Date, as the case may be. Such Accreted Amount shall include any accrued and unpaid periodic cash interest payments (as determined by the Calculation Agent) only if "Include Accrued Interest" is specified as being applicable in the relevant Issue Terms. If an Accreting Obligation is expressed to accrete pursuant to a straight-line method or if such Obligation’s yield to maturity is not specified in, nor implied from, the terms of such Obligation, then, for the purposes of (A)(ii) above, the Accreted Amount shall be calculated using a rate equal to the yield to maturity of such Obligation. Such yield shall be determined on a semiannual bond equivalent basis using the original issue price of such obligation and the amount payable at the scheduled maturity of such obligation, and shall be determined as of the earlier of (x) the date on which any event occurs that has the effect of fixing the amount of a claim in respect of principal and (y) the Delivery Date or applicable Valuation Date, as the case may be. The Accreted Amount shall exclude, in the case of an Exchangeable Obligation, any amount that may be payable under the terms of such obligation in respect of the value of the Equity Securities into which such obligation is exchangeable.

  • REMIC I Available Distribution Amount For each Loan Group for any Distribution Date, the sum of the following amounts with respect to the Mortgage Loans in such Loan Group:

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • REMIC II Available Distribution Amount For any Distribution Date, the amount distributed from REMIC I to REMIC II on such Distribution Date in respect of the REMIC I Regular Interests.

  • Stated Amount of any Letter of Credit shall mean the maximum amount from time to time available to be drawn thereunder, determined without regard to whether any conditions to drawing could then be met.

  • REMIC III Available Distribution Amount For any Distribution Date, the amount distributed from REMIC II to REMIC III on such Distribution Date in respect of the REMIC II Regular Interests.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Declined Amount as defined in Section 2.12(e).

  • Requested Amount has the meaning assigned to such term in Section 2.02.

  • Invested Amount means, as of any date of determination, an amount equal to the sum of (a) the Class A Invested Amount as of such date, (b) the Class B Invested Amount as of such date and (c) the Collateral Invested Amount as of such date.

  • Class C Invested Amount means, as of a date, an amount (not less than zero) equal to (a) the initial Note Balance of the Class C Notes, minus (b) the aggregate amount of any principal payments made to the Noteholders of the Class C Notes before that date, minus (c) the cumulative amount of unreimbursed Investor Charge-Offs applied to reduce the Class C Invested Amount under Section 4.3 of the Indenture Supplement before that date, minus (d) the cumulative amount of unreimbursed Reallocated Principal Collections applied to reduce the Class C Invested Amount under Section 4.4 of the Indenture Supplement before that date.

  • Swing Line Participation Amount as defined in Section 2.7(c).

  • LOC Committed Amount shall have the meaning set forth in Section 2.3(a).