Required Capital Amount has the meaning set forth in Section 5(e) of this Supplement.
Required Capital Amount means with respect to any Series, the amount required to be deposited in the Capital Subaccount on the Series Issuance Date of such Series, as specified in the related Series Supplement.
Required Capital Amount means, as of any date of determination, an amount equal to the greater of (a) 3% of the Purchase Limit under the Purchase Agreement, and (b) the product of (i) 2.0 times the product of the Default Ratio times the Default Horizon Ratio, each as determined from the most recent Monthly Report received from the Servicer under the Purchase Agreement, and (ii) the Outstanding Balance of all Receivables as of such date, as determined from the most recent Monthly Report received from the Servicer under the Purchase Agreement.
Examples of Required Capital Amount in a sentence
The Seller shall not permit the Seller’s Net Worth to be less than the Required Capital Amount.
More Definitions of Required Capital Amount
Required Capital Amount means, as of any date of determination, an amount equal to the Net Receivables Balance multiplied by 3%.
Required Capital Amount means, as of any date of determination, an amount equal to the product of (i) the Loss Reserve Percentage at such time times (ii) the Net Receivables Pool Balance at such time.
Required Capital Amount. As defined in the Receivables Sale Agreement.
Required Capital Amount means the amount specified as such in the Series Supplement therefor.
Required Capital Amount means, as of any date of determination, an amount equal to the sum of (i) the twenty-four month rolling average of Dilutions, plus (ii) the result obtained in the foregoing clause (i) of this definition, multiplied by 10%.
Required Capital Amount means a capital contribution in an amount equal to the amount specified in the Supplement, representing a capital contribution from CenterPoint Houston.
Required Capital Amount means $10,000,000.