Ongoing Expense Excess Amount definition
Ongoing Expense Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the Administrative Expenses Cap for such Payment Date, over (ii) the sum of (without duplication) (x) all amounts paid as Administrative Expenses on such Payment Date plus (y) all amounts paid on account of Administrative Expenses during the related Collection Period pursuant to Section 9.01(c).
Ongoing Expense Excess Amount means, on any Payment Date, an amount equal to the excess, if any, of (i) (a) U.S.$200,000 (per annum and calculated on the basis of a 360-day year and the actual number of days elapsed in such Due Period) plus (b) 0.015% (per annum and calculated on the basis of a 360-day year and the actual number of days elapsed in such Due Period) of the Aggregate Principal Balance of the Collateral Portfolio, measured on a quarterly basis as of the first day of the Due Period preceding such Payment Date, over (ii) the sum of (without duplication) (x) all Administrative Expenses paid pursuant to clause (ii) of the Priority of Interest Payments on such Payment Date plus (y) all Administrative Expenses paid during the related Due Period pursuant to Section 11.1(d).
Ongoing Expense Excess Amount. On any Payment Date, an amount equal to the excess, if any, of (i)(a) $300,000 (per annum) plus (b) 0.0275% (per annum) of the Aggregate Principal Amount of the Collateral Portfolio, measured on a quarterly basis as of the first day of the Due Period preceding such Payment Date, over (ii) the sum of (without duplication) (x) all amounts paid pursuant to clause (ii) of the Priority of Interest Payments on such Payment Date plus (y) all amounts paid on account of Administrative Expenses during the related Due Period pursuant to Section 11.1(d).
More Definitions of Ongoing Expense Excess Amount
Ongoing Expense Excess Amount means, on any Payment Date, an amount equal to the excess, if any, of (i) (a) U.S.$200,000 (per annum) plus (b) 0.020% (per annum) of the Aggregate Principal Balance of the Collateral Portfolio, measured on a quarterly basis as of the first day of the Collection Period preceding such Payment Date, over (ii) the sum of (without duplication) (x) all Administrative Expenses paid pursuant to clause (ii) of the Priority of Interest Payments on such Payment Date plus (y) all Administrative Expenses paid during the related Collection Period pursuant to Section 11.1(d).
Ongoing Expense Excess Amount. On any Distribution Date, an amount equal to the excess, if any, of (i) the Administrative Expense Cap over (ii) the sum of (without duplication) (x) all amounts paid pursuant to clause (A)(2) of Section 11.1(a)(i) on such Distribution Date (excluding all amounts being deposited on such Distribution Date to the Ongoing Expense Smoothing Account) plus (y) any Administrative Expenses paid from the Expense Reserve Account or from the Collection Account pursuant to Section 10.2(d)(ii) on or between such Distribution Date and the immediately preceding Distribution Date.
Ongoing Expense Excess Amount means, on any Payment Date, an amount equal
Ongoing Expense Excess Amount means, on: On any Payment Date, an amount equal to the excess, if any, of (i) (a) $200,000 (per annum) plus (b) 0.02% (per annum) of the Aggregate Principal Balance of the Collateral Obligations, measured on a quarterly basis as of the first day of the Collection Period preceding such Payment Date, over (ii) the sum of (without duplication) (x) all amounts paid pursuant to Section 11.1(a)(i)(A) on such Payment Date plus
Ongoing Expense Excess Amount. On any Payment Date, an amount equal to the excess, if any, of (i) the Administrative Expense Cap over (ii) the sum of (without duplication) (x) all amounts paid pursuant to Section 11.1(a)(i)(A)(2) on such Payment Date (excluding all amounts being deposited on such Payment Date to the Expense Reserve Account) plus (y) all amounts paid during the related Interest Accrual Period.
Ongoing Expense Excess Amount means, on any Payment Date, an amount equal to the excess, if any, of (a) the Senior Expenses Cap, over (b) the sum of (without duplication) (x) all amounts paid pursuant to paragraphs
Ongoing Expense Excess Amount means, on any Payment Date, an amount equal to the excess, if any, of (a) the Senior Expenses Cap, over (b) the sum of (without duplication) (x) all amounts paid pursuant to paragraphs (B) and (C) of Condition 3(c)(i) (Interest Priority of Payments) on such Payment Date plus (y) all Trustee Fees and Expenses and Administrative Expenses paid during the related Due Period.