Payment Waterfall definition

Payment Waterfall is defined in Section 4.1(e).
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Payment Waterfall means the payment waterfall set out in Condition 4(b) (as amended herein)
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Payment Waterfall means the order in which Advances and Revenues shall be applied as set out in schedule 2;
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Examples of Payment Waterfall in a sentence

  • Monthly recall of the bonds will be made in accordance with the Payment Waterfall, if the available funds for payment to bondholders exceed EUR 100,000.

  • If the Series B Bond Defeasance Date occurs prior to the CVI Maturity Date, the CVI shall be payable from that portion of Net Revenues constituting the Remaining Legacy Charge Revenues deposited to the credit of the Debt Service Fund in accordance with the Payment Waterfall until the earlier of (a) the date on which the CVI Notional Amount has been paid in full and (b) the CVI Maturity Date.

  • For the avoidance of doubt, (i) the New Bonds shall not have a priority of payment senior to that of the Additional Bonds; provided, however, that the Revenues securing any Additional Bonds exclude during the applicable periods an amount up to the Legacy Charge Revenues and Remaining Legacy Charge Revenues, as applicable, and (ii) the Payment Waterfall in the New Master Indenture will reflect the application and transfer of Revenues pledged to the payment of debt service on Additional Bonds.

  • Holders of Claims at each of the Plan Debtors can look to their entity’s Distribution Escrow Sub-Account for satisfaction of their Claims pursuant to the Payment Waterfall.

  • From and after the Effective Date, until the New Bonds, Refunding Bonds, and/or CVI have been paid or satisfied in full in accordance with their terms, Reorganized PREPA shall deposit, in accordance with the Payment Waterfall, Net Revenues up to the amount of the Legacy Charge Revenues with respect to the New Bonds and up to the amount of the Remaining Legacy Charge Revenues with respect to the CVI to the credit of the Debt Service Fund which shall be held by the New Master Trustee.

  • Payments received from the realization of the Portfolio may be used in accordance with the Payment Waterfall as specified in Section 4.4. of this Information Prospectus.

  • The balance of remaining Cash in the Plan Debtors’ estates will be used to satisfy Claims in accordance with the Payment Waterfall.

  • If the New Bonds and the Refunding Bonds are satisfied in full in accordance with their terms prior to the CVI Maturity Date, the CVI shall be payable from that portion of Net Revenues constituting the Remaining Legacy Charge Revenues deposited to the credit of the Debt Service Fund in accordance with the Payment Waterfall until the earlier of (a) the date on which the CVI Notional Amount has been paid in full and (b) the CVI Maturity Date.

  • Payments received from the realization of the Portfolio may be used in accordance with the Payment Waterfall as defined in Section 4.4. of this Information Prospectus.

  • Monthly recall of the bonds will be made in accordance with the Payment Waterfall, if the available funds for payment to bondholders exceed EUR 50,000.


More Definitions of Payment Waterfall

Payment Waterfall has the meaning given to it in Clause 23.45 (Payment Waterfall).
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Payment Waterfall means the following notional order of priority in which any Freely Available Cash is required be applied (without duplication):
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Payment Waterfall we confirm that in respect of the Financial Quarter to which this Compliance Certificate relates:
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Payment Waterfall has the meaning set forth in Section 2.06(a).
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Payment Waterfall means the payment waterfall set out in schedule 2 to the Operating Agreement and administered in accordance with clause 10 (Revenues and Payment Waterfall) of the Operating Agreement;
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Payment Waterfall means: (i) in connection with the application, payment or distribution of proceeds of any ABL Priority Collateral (including without limitation in connection with any prepayment of the ABL Debt received pursuant to the ABL Loan Documents as a result of the disposition of any ABL Priority Collateral but excluding Ordinary Course Collections) pursuant to the applicable terms hereof, the following order: (A) first, to the ABL Agent to be applied pursuant to the ABL Loan Documents until the ABL Priority Debt has been Paid in Full; (B) second, to the Term Loan Agent to be applied pursuant to the Term Loan Documents until the Term Priority Debt has -11-
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Related to Payment Waterfall

  • Payment Amount has the meaning specified in Section 6.1.

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Payment Condition at any time of determination with respect to any Specified Transaction, that the following conditions are all satisfied: (x) (1) 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) and (2) the Specified Availability on the date of such Specified Transaction (divided by Availability as of such time of determination and expressed as a percentage), in each case exceed the applicable Availability Percentage (as defined below), (y) unless the Fixed Charge Condition (as defined below) is satisfied (to the extent applicable), the Parent Borrower shall be in Pro Forma Compliance with a minimum Consolidated Fixed Charge Coverage Ratio of at least 1.00:1.00 and (z) if reasonably requested by the Administrative Agent, the Borrower Representative shall have delivered to the Administrative Agent (i) a copy of calculations required by preceding clause (y) in reasonable detail and (ii) a calculation of Specified Unrestricted Cash. As used herein, the following terms shall have the following meanings: (i) “Availability Percentage” shall mean (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 12.5%; (b) in respect of (A) any investment or acquisition permitted pursuant to clause (u) of the definition of “Permitted Investments” or (B) clause (c)(i) of the definition of “Permitted Acquisitions,” 10.0%; (c) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 12.5%; (d) in respect of any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b), 10.0%; and (e) in respect of any Asset Sale that would otherwise have to comply with Subsection 8.5, 10.0%; and (ii) “Fixed Charge Condition” shall mean 30-Day Specified Excess Availability (divided by Availability as of such time of determination and expressed as a percentage) exceeds: (a) in respect of any Restricted Payment pursuant to Subsection 8.3(k), 17.5%; (b) in respect of any acquisition permitted pursuant to clause (c)(i) of the definition of “Permitted Acquisitions”, 15.0%; (c) in respect of any investment permitted pursuant to clause (u) of the definition of “Permitted Investments”, 15.0%; (d) in respect of any payment, repurchase or redemption pursuant to Subsection 8.6(a), 15.0%; and (e) in respect of (A) any merger, consolidation, amalgamation or asset sale pursuant to Subsection 8.2(a) or 8.2(b) or (B) any Asset Sale that would otherwise have to comply with Subsection 8.5, 15.0%.

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Gross Redemption Yield means a yield calculated in accordance with generally accepted market practice at such time, as advised to the Trustee by the Financial Adviser.