Excess Funding Amount definition

Excess Funding Amount means the amount on deposit in the Excess Funding Account.

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Excess Funding Amount. The Pre-Funded Amount remaining on deposit in the Pre-Funding Account at the end of the Funding Period.

Excess Funding Amount. With respect to any Funding Date, if the requested Funding Amount (a) would, under Section 2 hereof, cause the Outstanding Principal Amount of a Class of Certificates in this Series (other than the Class A-R Certificates) to equal the Maximum Series Amount for such Class but (b) would not be in an amount sufficient to also permit a Funding in the amount of the Minimum Funding Amount for the next Class of Certificates to be funded pursuant to Section 2 hereof, the amount by which the requested Funding Amount exceeds the Maximum Series Amount for the Class of Certificates referenced in clause (a) of this definition.

Examples of Excess Funding Amount in a sentence

• Agent shall be authorized to use all payments received by Agent for the benefit of any Non-Funding Lender pursuant to this Agreement to pay in full the Aggregate Excess Funding Amount to the appropriate Secured Parties.

• A Lender may cure its status as a Non-Funding Lender under clause (a) of the definition of Non-Funding Lender if such Lender fully pays to Agent, on behalf of the applicable Secured Parties, the Aggregate Excess Funding Amount, plus all interest due thereon.

• A Lender may cure its status as a Non-Funding Lender under clause (a) of the definition of Non-Funding Lender if such Lender (A) fully pays to Agent, on behalf of the applicable Secured Parties, the Aggregate Excess Funding Amount, plus all interest due thereon and (B) timely funds the next Revolving Loan required to be funded by such Lender or makes the next reimbursement required to be made by such Lender.

• Agent shall be authorized to use all portions of any payments received by Agent for the benefit of any Non-Funding Lender pursuant to this Agreement to pay in full the Aggregate Excess Funding Amount to the appropriate Secured Parties thereof.

• Following such payment in full of the Aggregate Excess Funding Amount, Agent shall be entitled to hold such funds as cash collateral in a non-interest bearing account up to an amount equal to such Non-Funding Lender’s unfunded Revolving Loan Commitment and to use such amount to pay such Non-Funding Lender’s funding obligations hereunder until the Obligations are paid in full in cash, all Letter of Credit Obligations have been discharged or cash collateralized and all Commitments have been terminated.

More Definitions of Excess Funding Amount

Excess Funding Amount has the meaning specified in the Transfer and Servicing Agreement.

Excess Funding Amount means, for any date, the amount in the Excess Funding Account (excluding any net investment earnings) on such date.

Excess Funding Amount shall have the meaning assigned to it in Section 10.9(c)(iii).

Excess Funding Amount. As to either Loan Group, the Pre-Funded Amount remaining on deposit in the Pre-Funding Account at the end of the Funding Period and allocated to such Loan Group.

Excess Funding Amount of a Defaulting Lender shall be the aggregate amount of (A) all unpaid obligations owing by such Lender to Administrative Agent, L/C Issuers and other Lenders under the Loan Documents, including such Lender’s Pro Rata Share (without giving effect to any reallocation pursuant to Section 10.9(c)(ii)) of all Advances and Letter of Credit Obligations, plus, without duplication, (B) all amounts of such Defaulting Lender’s Letter of Credit Obligations reallocated to other Lenders pursuant to Section 10.9(c)(ii), plus (C) any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement.

Excess Funding Amount. As of any date of determination, the product of (a) the amount on deposit in the Excess Funding Account (excluding amounts relating to investment earnings) on such date, times (b) a fraction (i) the numerator of which is the Net Invested Amount as of such date and (ii) the denominator of which is the sum of the net invested amounts of each outstanding Nonoverconcentration Series (including Series 20[ ]-[ ]) being allocated a portion of the funds on deposit in the Excess Funding Account.

Excess Funding Amount means, as of any date of determination, the --------------------- principal amount on deposit in the Excess Funding Account.