Required Amount definition

Required Amount means with respect to each Liquidity Facility or Cash Collateral Account, for any day, the sum of the aggregate amount of interest, calculated at the rate per annum equal to the Stated Interest Rate for the related Class of Certificates, that would be payable on such Class of Certificates on each of the three successive Regular Distribution Dates immediately following such day or, if such day is a Regular Distribution Date, on such day and the succeeding two Regular Distribution Dates, in each case calculated on the basis of the Pool Balance of such Class of Certificates on such day and without regard to expected future distributions of principal on such Class of Certificates.
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Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount and the Class B Required Amount.
Required Amount means, for any day, the sum of the aggregate amount of interest, calculated at the rate per annum equal to the Stated Interest Rate for the Class G Certificates, that would be payable on the Class G Certificates on each of the three successive semiannual Regular Distribution Dates immediately following such day or, if such day is a Regular Distribution Date, on such day and the succeeding two semiannual Regular Distribution Dates, in each case calculated on the basis of the Pool Balance of the Class G Certificates on such day and without regard to expected future payments of principal on the Class G Certificates. Notwithstanding the above, in the event of any Policy Provider Election, for purposes of the definition of the Required Amount, the Pool Balance shall be deemed to be reduced by the amount (if positive) by which (a) the then outstanding principal balance of each Series G Equipment Note in respect of which such Policy Provider Election has been made shall exceed (b) the amount of any Policy Drawings previously paid by the Policy Provider in respect of principal on such Series G Equipment Note.

Examples of Required Amount in a sentence

The amount of drawings under the Credit Enhancement required to be made on the related Drawing Date pursuant to the Series Supplement: (a) with respect to the Class B Required Amount Shortfall $0.00 is equal to (b) with respect to the Class B Cumulative Investor Charged-Off $0.00 Amount is equal to (c) with respect to the Class B Investor Interest is equal to $0.00 13.

The amount of drawings under the Credit Enhancement required to be made and not immediately reimbursed on the related Drawing Date pursuant to the Series Supplement: (a) with respect to the Class B Required Amount Shortfall $0.00 is equal to (b) with respect to the Class B Cumulative Investor Charged-Off $0.00 Amount is equal to (c) with respect to the Class B Investor Interest is equal to $0.00 13.

The amount of drawings under the Credit Enhancement required to be made on the related Drawing Date pursuant to the Series Supplement: (a) with respect to the Class B Required Amount Shortfall is equal to $0.00 (b) with respect to the Class B Cumulative Investor Charged-Off Amount is equal to $0.00 (c) with respect to the Class B Investor Interest is equal to $0.00 13.

B.9.5 C.15.4 b) Proposal Security ☐ Required Amount: Click here to enter text.

F.37 Performance Security ☒ Required Amount: 10% of the contract value Form: Issued by a reputable bank in the form of Bank Guarantee as per the sample attached with the RFP section 8.


More Definitions of Required Amount

Required Amount for any Payment Date means the amount by which the sum of the amounts distributable pursuant to Sections 8.03(a)(i) through 8.03(a)(iv) on the Payment Date exceed Investor Interest Collections for the Payment Date.
Required Amount means, for any day, the sum of the aggregate amount of interest, calculated at the rate per annum equal to the Stated Interest Rate for the Class B Certificates, that would be payable on the Class B Certificates on each of the three successive semi-annual Regular Distribution Dates with respect to the Class B Certificates immediately following such day or, if such day is a Regular Distribution Date with respect to the Class B Certificates, on such day and the succeeding two semi-annual Regular Distribution Dates with respect to the Class B Certificates, in each case calculated on the basis of the Pool Balance of the Class B Certificates on such day and without regard to expected future distributions of principal on the Class B Certificates.
Required Amount means, for any Payment Date, an amount equal to the excess of the sum of the amounts described in Sections 4.4(a)(i) through (v) over Available Non-Principal Collections applied to pay such amount pursuant to Section 4.4(a).
Required Amount means, for any day, the sum of the aggregate amount of interest, calculated at the rate per annum equal to the Stated Interest Rate for the Class A-2 Certificates on the basis of a 360-day year comprised of twelve 30-day months, that would be payable on the Class A-2 Certificates on each of the three successive semiannual Regular Distribution Dates following such day or, if such day is a Regular Distribution Date, on such day and the succeeding two semiannual Regular Distribution Dates, in each case calculated on the basis of the Pool Balance of the Class A-2 Certificates on such day and without regard to expected future payments of principal on the Class A-2 Certificates.
Required Amount means an amount equivalent to the higher of:
Required Amount means, (a) initially (i) with respect to the Initial Credit Facility, zero; provided that, if a Downgrade Drawing, a Non-Extension Drawing or (for the purposes of Section 3.12(f)(ii) hereof and Article II of the Initial Credit Facility only) a Final Drawing shall have occurred, the "Required Amount" shall be the Maximum Commitment, and (ii) with respect to the Senior Cash Collateral Account, an amount equal to the Initial Reserved Cash therefor, and (b) thereafter, on any Payment Date, with respect to the Senior Cash Collateral Account, and any other Eligible Credit Facility, such amounts as designated in a Board Resolution and Guarantor Board Resolution (and for which a Rating Agency Confirmation has been received and prior written consent of the Policy Provider and the Initial Credit Facility Provider has been received), plus the increase, if any, in the Required Amount for any such Cash Collateral Account or Eligible Credit Facility provided for by the terms of any ACS Group Additional Securities or ACS Group Refinancing Securities.
Required Amount means, for any day, (i) so long as there is no Interest Advance made hereunder remaining unreimbursed on such day, the aggregate amount of interest, calculated at the rate per annum equal to the applicable Capped Interest Rate for the Class G-1 Certificates, that would be payable on the Class G-1 Certificates on each of the six successive Regular Distribution Dates immediately following such day, without regard to expected future distributions of principal on such Class of Certificates or (ii) if there is one or more Interest Advances made hereunder and remaining unreimbursed on such day, the sum of (x) the unreimbursed amount of such Interest Advance(s) and (y) the product of (A) the Undrawn Percentage and (B) the amount determined pursuant to clause (i) as if no Interest Advances were outstanding and unreimbursed on such date. The “Undrawn Percentage” as of any date is equal to one hundred percent minus the sum of the Individual Drawn Percentages for the Interest Advances that are unreimbursed as of such date. The “Individual Drawn Percentage” for any unreimbursed Interest Advance as of any day is equal to a fraction, expressed as a percentage, the numerator of which is the unreimbursed amount of such Interest Advance as of such date and the denominator of which is the Required Amount as of the date of each such Interest Advance calculated as if no Interest Advance were outstanding on the date of such Interest Advance and on the basis of the lower of the applicable Stated Interest Rate and the applicable Capped Interest Rate as of such date. Repayments of Interest Advances shall be deemed to have been made in the order in which such Interest Advances were made. Notwithstanding the above, in the event of any Policy Provider Election, for purposes of the definition of Required Amount, the Pool Balance shall be deemed to be reduced by the amount (if positive) by which (a) the then outstanding principal balance of each Series G-1 Equipment Note in respect of which such Policy Provider Election has been made shall exceed (b) the amount of any Policy Drawings previously paid by the Policy Provider in respect of principal on such Series G-1 Equipment Note.