Fully Funded Amount definition

Fully Funded Amount means, at any time, an amount sufficient to provide for the payment in full of the amounts due on the then outstanding Notes on the two subsequent scheduled interest payments (but not any liquidated damages) pursuant to the terms of this Indenture.
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Fully Funded Amount shall have the meaning assigned to such term in the Settlement Agreement.
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Fully Funded Amount means the amount to be paid to holders of Class I Allowed Claims . . . , which Fully Funded Amount shall equal
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Examples of Fully Funded Amount in a sentence

  • Household will resume building the Portfolio Reserve to the Fully Funded Amount, by thereafter deducting from payments to Merchants an amount equal to eight percent (8%) of each valid and authorized Sales Slip presented to Household until the balance in the Portfolio Reserve has reached the Fully Funded Amount.

  • Except as otherwise provided herein, if the Portfolio Reserve contains an amount of funds in excess of the Fully Funded Amount at the end of any Month, Household shall pay such excess amounts to Merchants in accordance with the payment procedures provided in Section 3.d. of this Agreement.

  • The face amount of the Letter of Credit or the combination of a Letter of Credit and cash shall be no less than the Fully Funded Amount of the Portfolio Reserve provided, however, if the amount of funds required to be held in the Portfolio Reserve is increased or decreased pursuant to the provisions of Section 7a(iv) above the face amount of the Letter of Credit shall be adjusted accordingly.

  • The Equity Reserve shall be considered fully funded for each Month in which the balance of the Equity Reserve is at least seven and one-half percent (7.5%) of the Revolving Program Assets at the end of such Month (the "Fully Funded Amount").

  • For any month in which the amount in the Reserve is less than the Fully Funded Amount, Household shall deduct from amounts otherwise payable to Merchant during such month an amount equal to one-half percent (0.5%) of total valid and authorized Sales Slips presented to Household during such month, net of sales returns, for the sole benefit of Household.

  • From time to time after a Change in Control (as defined in Section 1.3), the Company may determine for purposes of this Section 4.2 the aggregate value of all account balances (vested and non-vested) of the Trust Beneficiaries under the Plans ("Fully Funded Amount") and the fair market value of the Trust assets.

  • After the Fully Funded Date, the UAW shall be entitled, pursuant to the terms of its share of the Parent Series B Preference, to elect the UAW Designee at any time when the funding level of the Health Benefit Trust falls below 85 percent of the Fully Funded Amount.

  • The Reserve shall be considered fully funded for each month in which its balance is no less than one percent (1.00%) of the Account Balances at the end of such Month (the "Fully Funded Amount").

  • From time to time after a Change in Control (as defined in Article XIV), the Company may determine for purposes of this Section 4.2 the maximum value of the Benefits that could become payable under the Agreements (the "Fully Funded Amount") with respect to the Trust Beneficiaries and the fair market value of the Trust assets.