Minimum Maintenance Amount definition

Minimum Maintenance Amount. With respect to the Purchased Assets as of the close of business on any date of determination, the aggregate Asset Value of all Purchased Assets as of such date of determination.
Sample 1Sample 2Sample 3
Minimum Maintenance Amount means, with respect to the REO Properties and Trust Mortgage Loans as of any date of determination, the sum of (i) the product of (a) the Asset Value of each REO Property and Trust Mortgage Loan as of such date of determination and (b) Minimum Maintenance Percentage and (ii) the amount on deposit in the Property Manager Custodial Account, the Servicer Custodial Account, the Collection Account and the Reserve Account in excess of the amounts needed to remit payments under Section 7.b(1) and Section 7.b(2) on the succeeding Payment Date, such calculation to be made on a pro forma basis for the period through such Payment Date and taking into account any Purchase Price Increase or Transition Event Increase made on the date of such calculation.
Sample 1Sample 2
Minimum Maintenance Amount means, with respect to the Underlying Mortgage Loans as of any date of determination, the sum of (i) the product of (a) the Asset Value of each Underlying Mortgage Loan as of such date of determination and (b) Purchase Price Percentages for the respective Underlying Mortgage Loans and (ii) the amount on deposit in the Margin Account.
Sample 1Sample 2

Examples of Minimum Maintenance Amount in a sentence

  • Immediately prior to and following the occurrence of such Transaction, the aggregate outstanding Purchase Price is less than the Minimum Maintenance Amount.

  • In the event the amount paid by the customer is less than the Minimum Maintenance Amount, Ixia shall only be obligated to provide Maintenance Services to that customer in accordance with this Amendment upon the payment by NetIQ of additional compensation sufficient to bring the total amount paid to Ixia for that customer to the total prorated Minimum Maintenance Amount.


More Definitions of Minimum Maintenance Amount

Minimum Maintenance Amount means, with respect to the Mortgage Loans as of any date of determination, the sum of (i) the product of (a) the Asset Value of each Mortgage Loan as of such date of determination and (b) Purchase Price Percentages for the respective Mortgage Loans and (ii) the amount on deposit in the Margin Account.
Sample 1Sample 2
Minimum Maintenance Amount. With respect to the Purchased Assets as of the close of business on any date of determination, the aggregate Asset Value of all Purchased Assets as of such date of determination. “Moody’s”: Xxxxx’x Investors Service, Inc. or any successor thereto. “Mortgage”: A mortgage, deed of trust, security deed or similar instrument on improved real property (including for the avoidance of doubt any proprietary lease or cooperative shares in connection with cooperative loans).
Sample 1
Minimum Maintenance Amount means, with respect to any Eligible Loan and as of any date of determination, the product of (a) the Asset Value of such Eligible Loan as of such date of determination and (b) the applicable Advance Rate. “Mortgage” shall mean with respect to any Mortgage Loan, the fee simple deed of trust or fee simple mortgage or fee simple deed to secure debt securing the related Mortgage Note and encumbering the related Mortgaged Property. “Mortgage Loan” shall mean a loan evidenced by a Mortgage Note and secured by a Mortgage on Mortgaged Property. “Mortgage Loan Document” shall mean each document that is part of the Asset File. “Mortgage Loan Schedule” shall mean a schedule attached to each Confirmation containing asset data regarding the Mortgage Loans to be subject to the proposed Transaction, in form and substance reasonable satisfactory to the Buyer. “Mortgage Note” shall mean with respect to any Mortgage Loan, a mortgage note evidencing such Mortgage Loan and secured by the related Mortgage on the related Mortgaged Property. “Mortgaged Property” shall mean, with respect to any Mortgage Loan, the real property encumbered by the Mortgage related to such Mortgage Loan. “Mortgagor” shall mean the obligor on a Mortgage Note and the mortgagor/grantor under the related Mortgage(s). “Mortgagor Affidavit” shall mean an affidavit signed by a Mortgagor or guarantor attesting, among other things, that (i) such Mortgagor does not intend to use the proceeds of the Mortgage Loan for personal, family, or household purposes, (ii) the Mortgagor or guarantor does not inhabit and does not plan to inhabit the related Mortgaged Property and (iii) the principal residence of such Mortgagor or guarantor is separate and distinct from the related Mortgaged Property. “Multiemployer Plan” shall mean a multiemployer plan defined as such in Section 3(37) of ERISA to which contributions have been, or were required to have been, made by Seller,
Sample 1

Related to Minimum Maintenance Amount

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • Minimum Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Minimum Collateral Amount means, at any time, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 103 % of the Fronting Exposure of all LC Issuing Banks with respect to Letters of Credit issued and outstanding at such time and (ii) otherwise, an amount determined by the Administrative Agent and the LC Issuing Banks in their sole discretion.

  • Operation and Maintenance Costs means the costs of:

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • Replenishment Amount has the meaning assigned to such term in Section 2.06(b).

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Maximum Applied Water Allowance (MAWA) means the upper limit of annual applied water for the established landscaped area as specified in Section 492.4. It is based upon the area's reference evapotranspiration, the ET Adjustment Factor, and the size of the landscape area. The Estimated Total Water Use shall not exceed the Maximum Applied Water Allowance. Special Landscape Areas, including recreation areas, areas permanently and solely dedicated to edible plants such as orchards and vegetable gardens, and areas irrigated with recycled water are subject to the MAWA with an ETAF not to exceed 1.0. MAWA = (ETo) (0.62) [(ETAF x LA) + ((1-ETAF) x SLA)]

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Balance Amount shall have the meaning set forth in Section 8.1 of this Agreement.

  • Penalty Rate means the Stated Rate plus two percent (2.00%) per annum of the Liquidation Price of each share of Series A Preferred Stock.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.