Examples of Required Payment Amount in a sentence
On each Distribution Date, upon receipt of instructions from the Servicer pursuant to Section 4.6(b) of the Sale and Servicing Agreement, the Indenture Trustee shall withdraw from the Reserve Account (up to the amount on deposit in the Reserve Account) and deposit in the Collection Account the amount, if any, by which the Required Payment Amount for such Distribution Date exceeds the Available Collections for such Distribution Date.
If an ICR Period shall exist, then, within five (5) Business Days after the commencement of such ICR Period, the Borrower shall deposit into the Blocked Account, as additional collateral for the benefit of the Agent, an amount of cash equal to the ICR Required Payment Amount.
The Note Insurer has issued a MBIA Insurance Policy in the name of the Indenture Trustee for the benefit of the Noteholders, which policy guarantees payments on each Payment Date to the Indenture Trustee for the benefit of the Noteholders of the related Noteholders' Percentage Interest in the Required Payment Amount for such Payment Date.
It is right that where a regulator is a party to the dispute there should be a presumption that the decision is published not least because of the implications the decision may have for the sport and other participants and so as to enable consistency in decision making.
At the Acceptance Time, Parent and Merger Sub will have sufficient cash on hand or other sources of immediately available funds to enable them to (i) pay the Required Payment Amount and (ii) consummate the transactions contemplated by this Agreement.