Excess Funds definition

Excess Funds shall have the meaning set forth in Section 2(l) of this Agreement.

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Excess Funds means, as of any date of determination and with respect to any Conduit Lender, funds of such Conduit Lender not required, after giving effect to all amounts on deposit in its commercial paper account, to pay or provide for the payment of (i) all of its matured and maturing commercial paper notes on such date of such determination and (ii) the principal of and interest on all of its loans outstanding on such date of such determination.

Excess Funds means, on any Additional Payment Date, the amount of funds then existing in the Deposit Account (including any Net Operating Income due on the applicable Additional Payment Date), less an amount equal to the sum of three regularly scheduled payments of principal and interest due on this Note;

Examples of Excess Funds in a sentence

• There shall be established by the Indenture Trustee in respect of each Collection Account three subaccounts: a general subaccount (the “General Subaccount”); an excess funds subaccount (the “Excess Funds Subaccount”); a capital subaccount (the “Capital Subaccount” and, together with the General Subaccount and the Excess Funds Subaccount, the “Subaccounts”).

• Any amounts credited to the Upfront Financing Cost Account and not used to pay Upfront Financing Costs by December 31, 2025 shall be transferred at the direction of the Issuer or Servicer to the Excess Funds Subaccount and used to offset the revenue requirement for the next period in accordance with Conclusion of Law 25 of the Financing Order.

• Investment Earnings on Excess Funds Subaccount $ {__________} ix.

• Excess Funds Subaccount Balance as of prior Payment Date $ {__________} xii.

• In addition, if on any Payment Date funds on deposit in the General Subaccount are insufficient to make the allocations contemplated by Section 8.02(e)(ix), the Indenture Trustee shall draw any amounts on deposit in the Excess Funds Subaccount to make such allocations to the Capital Subaccount.

More Definitions of Excess Funds

Excess Funds has the meaning set forth in Section 2(u) hereof.

Excess Funds means any funding amount remaining obligated on a contract at the time of contract closeout that is not needed to pay for contract performance or for contract adjustments (see DLAM 7010.02, Encl. 3, Table 1 for valid reasons funds should remain obligated). Excess funds are a subset of “unliquidated obligation(s).”

Excess Funds. With respect to the Reserve Fund and for any Distribution Date, the amount by which (a) the Yield Maintenance Agreement Payments for prior Distribution Dates exceed (b) the amount actually paid from the Reserve Fund with respect to (i) Yield Maintenance Amounts for such prior Distribution Dates and (ii) Yield Maintenance Amount Shortfalls for such prior Distribution Dates.

Excess Funds shall have the meaning specified in Section 9.11(a).

Excess Funds shall have the meaning specified in Section 7.5(d).

Excess Funds. For the Class 2-A-4 and Class 4-A-3 Certificates and any Distribution Date, the excess, if any, of (x) the sum of the related Yield Maintenance Agreement Payment for prior Distribution Dates over (y) the sum of amounts actually paid from the related Yield Maintenance Account with respect to the related Yield Maintenance Amounts and related Yield Maintenance Amount Shortfalls for such prior Distribution Dates.

Excess Funds means the excess of (a) the aggregate projected value of the Purchaser's assets and other property (including cash and cash equivalents), over (b) the sum of (i) the sum of all scheduled payments of principal, interest and any other scheduled amounts payable on publicly or privately placed indebtedness of Windmill for borrowed money, plus (ii) the sum of all other liabilities, indebtedness and other obligations of the Purchaser for borrowed money or owed to any credit or liquidity provider, together with all unpaid interest then accrued thereon, plus (iii) all taxes payable by the Purchaser to the Internal Revenue Service, plus (iv) all other indebtedness, liabilities and obligations of the Purchaser then due and payable; provided, however, that the amount of any liability, indebtedness or obligation of the Purchaser shall not exceed the projected value of the assets to which recourse for such liability, indebtedness or obligation is limited; provided further, however, that the Excess Funds determination will be made once each Business Day.