Relevant Surplus definition

Relevant Surplus has the meaning given in Schedule 1 (Calculations). Reserve has the meaning given in paragraph 6 of Schedule 4 (Positive Undertakings).
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Relevant Surplus has the meaning given in Schedule 1 (Calculations).
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Examples of Relevant Surplus in a sentence

  • As soon as is reasonably practicable following the end of each Cash Return Period, the Issuer shall perform the calculation of its Relevant Surplus in accordance with Schedule 1 (Calculations) and the Reserve, to determine what (if any) repayment of Principal is required to be made in respect of that Cash Return Period at that time.

  • As soon as is reasonably practicable following the end of each Cash Return Period, the Issuer shall perform the calculation of its Relevant Surplus in Schedule 1 (Calculations) and the Reserve, to determine what (if any) payment of Interest is required to be made in respect of that Cash Return Period at that time.

Related to Relevant Surplus

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Common Surplus means the amount of all receipts or revenues, including assessments, rents, or profits, collected by a condominium association which exceeds common expenses.

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,