Minimum Purchase Amount definition

Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero, and (ii) pay to the respective Noteholders the Class A NoteholdersInterest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.
Minimum Purchase Amount means the minimum number of Certificates that may be sold to an investor as specified in the applicable Issue Terms, subject to a minimum of EUR100,000 (or, if the Certificates are denominated in a currency other than euro, the equivalent amount in such currency, determined using the market exchange rate as at the Issue Date). 1.4 Transfers of Certificates All transactions (including permitted transfers of Certificates) in the open market or otherwise must be effected through an account at Clearstream, Luxembourg, Euroclear, in the case of Certificates represented by a Global Registered Certificate held through Clearstream, Luxembourg, Euroclear, subject to and in accordance with the rules and procedures for the time being of Clearstream, Luxembourg or Euroclear, as the case may be. Title will pass upon registration of the transfer in the books of either Clearstream, Luxembourg or Euroclear, as the case may be. Transfers of Certificates may not be effected after the exercise or termination of such Certificates pursuant to Condition 4.1. Any reference herein to Euroclear or Clearstream, Luxembourg shall, whenever the context so permits, be deemed to include a reference to any additional or alternative clearing system specified in the applicable Issue Terms or as may otherwise be approved by the Issuer and the Principal Certificate Agent from time to time and notified to Certificateholders in accordance with Condition 9. Subject as stated above, transfers or exchanges of Certificates may only be made in accordance with the following provisions:
Minimum Purchase Amount means, for any Distribution Date, an amount that would be sufficient to (i) reduce the Outstanding Amount of the Notes on such Distribution Date to zero and (ii) pay to the Noteholders the Interest Distribution Amount payable on such Distribution Date.

Examples of Minimum Purchase Amount in a sentence

  • The Trustee shall accept the highest bid that is open to acceptance, but only if such bid equals or exceeds the greater of (i) the Minimum Purchase Amount or (ii) the fair market value of such Financed Student Loans as of the end of the Collection Period immediately preceding the Trust Auction Date.


More Definitions of Minimum Purchase Amount

Minimum Purchase Amount means, with respect to any Distribution Date, an amount equal to the aggregate Principal Balance of the Trust Student Loans plus accrued and unpaid interest thereon; provided, however, that such amount must equal or exceed the amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A NoteholdersInterest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date, and (iii) all amounts due to the Master Servicer, the Eligible Lender Trustee, the Indenture Trustee, the Administrator and the Paying Agent on such Distribution Date.
Minimum Purchase Amount shall have the meaning set forth in Section 4(a).
Minimum Purchase Amount means the minimum number of Certificates that may be sold to an investor as specified in the applicable Issue Terms, subject to a minimum of EUR100,000 (or, if the Certificates are denominated in a currency other than euro, the equivalent amount in such currency, determined using the market exchange rate as at the Issue Date).
Minimum Purchase Amount means, with respect to the Group I and Group II Student Loans, as the case may be, the greatest of (i) the related Auction Purchase Amount, (ii) the fair market value of the Group I or Group II Student Loans, as applicable, as of the end of the Collection Period immediately preceding such Distribution Date, and (iii) the sum of (a) the aggregate unpaid principal amount of the Group I or Group II Notes, as applicable, plus, accrued and unpaid interest thereon on the related Distribution Date, (b) any amounts to be paid pursuant to Section 5.04(b)(x) FIRST and SECOND of the Indenture with respect to the Group I Notes or Section 5.04(b)(y) FIRST, SECOND and THIRD with respect to Group II Notes, (c) with respect to the Group II Student Loans only, all amounts due and owing to the Securities Insurer under the Insurance Agreement and accrued interest thereon, (d) any unpaid Group I or Group II Noteholders' Interest Index Carryover, as applicable, (e) all amounts owed by the Trust to the Swap Counterparty under the Group I or Group II Interest Rate Swap, as applicable (including any related and unreimbursed Termination Payments), and (f) all amounts owed by the Trust to the Cap Provider under the Group I or Group II Cap Agreement, as applicable for (x) unreimbursed Class I-A-1 Cap Payments, Class I-A-2 Cap Payments and Class I-B Cap Payments with respect to the Group I Cap Agreement, or (y) unreimbursed Class II-A-1 Cap Payments and Class II-A-2 Cap Payments with respect to the Group II Cap Agreement.
Minimum Purchase Amount means an amount that would be sufficient to
Minimum Purchase Amount means, on any Quarterly Distribution Date, the amount, when combined with amounts on deposit in the funds and accounts held under this Indenture, that would be sufficient to (a) reduce the Outstanding Principal Amount of each class of the Class A Notes and the Class B Notes on such Quarterly Distribution Date to zero, (b) pay any distributions of interest that are due and payable on such Quarterly Distribution Date on the Class A Notes and the Class B Notes pursuant to this Indenture and any Supplemental Indenture and (c) pay any unpaid Servicing Fees and any fees of the Trustee, the Delaware Trustee and any Eligible Lender Trustee then due and owing.