Overfunded Amount definition

Overfunded Amount. As to any Subsequent Transfer Date, the excess, if any, of (x) the sum of (i) the amount on deposit on the Initial Interest Coverage Account on such date and (ii) investment earnings on such amount at the rate of 2.5% per annum from such Subsequent Transfer Date to the next Pre-Funding Distribution Date over (y) the Capitalized Interest Requirement for each remaining Pre-Funding Distribution Date.

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Overfunded Amount shall have the meaning given to such term in Section 5.2(c)(ii) of the Participation Agreement.

Overfunded Amount. As to any Distribution Date during the Pre-Funding ----------------- Period, the excess, if any, of (x) the amount on deposit in the Capitalized Interest Account after giving effect to the transfer to the Certificate Account of the Capitalized Interest Requirement, if any, on such Distribution Date pursuant to Section 5.6(g) over (y) the aggregate Capitalized Interest Requirements for the remaining Distribution Dates in the Pre-Funding Period, including the August 20, 1998 Distribution Date (assuming for purposes of this definition that (i) the Pre-Funding Period will end on August 20, 1998, (ii) no Subsequent Mortgage Loans are purchased by the Trust and (iii) LIBOR exceeds the rate at which interest accrues on the Pre-Funded Amount by 3%).

Examples of Overfunded Amount in a sentence

Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Subsidiary of the Borrower, the Borrower shall be obligated to reimburse the applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit.
If United decides to merge such Plans, and the Parties agree that such merger can proceed in a timely manner, then the amount by which the Variable Plan is overfunded as of the effective date of such merger, as mutually determined by the Parties on a PBGC termination basis (the "Overfunded Amount"), shall be used to reduce on a dollar for dollar basis the face amount of the Senior Notes.
In the event that withdrawal of an Overfunded Amount requires the consent of a governmental entity or other third party consent that has not been obtained prior to Closing, Sellers may require Buyers to allow Sellers to withdraw and pay to Sellers, in cash, an amount equal to the Overfunded Amount promptly after the required consent is obtained.
All Tranche B Advances shall be deposited by Agent into the Rova II Special Disbursement Account (or a sub-account thereof, in the case of any Advance of a Tranche B Overfunded Amount, as specified below in this Section 6.1(a)) and Borrower shall direct the Series 1993 Trustee to deposit all Series 1993 Bond Borrowings into the Rova II Special Disbursement Account.
Any release and disbursement of the Tranche B Overfunded Amount shall be subject to the conditions precedent set forth in Section 4.3 hereof.

More Definitions of Overfunded Amount

Overfunded Amount means an amount in euros equal to the amount by which the Company’s proceeds from the Overfunding and Negative Interest Sponsor Units exceeds the amount required by the Company to cover the amounts needed to (a) complete the Offering Redemptions or (b) pay any Negative Interest (as the case may be when calculating the number of Overfunding and Negative Interest Sponsor Units that may be redeemed).

Overfunded Amount. As to any Subsequent Transfer Date or Pre-Funding Distribution Date, the excess, if any, of (x) the sum of (i) the amount on deposit in the Capitalized Interest Account on such date and, (ii) investment earnings on such amount at the rate of 2.5% per annum from such date to the final Pre-Funding Distribution Date and, (iii) investment earnings on the Pre-Funded Amount at the rate of 2.5% per annum from such date to the final Pre-Funding Distribution Date over (y) the sum of the Capitalized Interest Requirement for each remaining Pre-Funding Distribution Date, based on LIBOR of 6.61875% and Net WAC of 8.26403%.

Overfunded Amount has the meaning set forth in Section 5.5(a).

Overfunded Amount has the meaning set forth in Section 5.5(a). “Owned Real Property” has the meaning set forth in Section 1.1(a). “Owned Real Property Leases” has the meaning set forth in Section 1.1(a). “Party” or “Parties” has the meaning set forth in the second paragraph of this Agreement. “Phase I Environmental Site Assessment” or “Phase I Environmental Site Assessments” means, individually and collectively, all Phase I environmental site assessments received by Buyers from third Persons in relation to the Business as of the date of this Agreement, including but not limited to the following Phase I environmental site assessments prepared by Terracon Consultants, Inc.:

Overfunded Amount shall have the meaning given to such term in Section 5.2(c)(ii) of the Participation Agreement. “Overnight Bank Funding Rate” shall mean, for any day, the rate comprised of both overnight federal funds and overnight Eurocurrency borrowings by U.S.-managed banking offices of depository institutions, as such composite rate shall be determined by the Federal Reserve Bank of New York (“NYFRB”), as set forth on its public website from time to time, and as published on the next succeeding Business Day as the overnight bank funding rate by the NYFRB (or by such other recognized electronic source (such as Bloomberg) selected by the Agent for the purpose of displaying such rate); provided that, if such day is not a Business Day, the Overnight Bank Funding Rate for such day shall be such rate on the immediately preceding Business Day; provided, further, that if such rate shall at any time, for any reason, no longer exist, a comparable replacement rate determined by the Agent at such time (which determination shall be conclusive absent manifest error). If the Overnight Bank Funding Rate determined as above would be less than zero basis points (0.00%), then such rate shall be deemed to be zero basis points (0.00%).

Overfunded Amount. Not Applicable.

Overfunded Amount means US$9,000,000 contributed by way of equity to the Company on or before the Closing Date and held, subject to Clause 15.5 (Overfunding Account), in the Overfunding Account.