Required Stated Amount definition

Required Stated Amount means, at any time of calculation with respect to the Bonds of any subseries, an amount equal to the aggregate principal amount of all Bonds of such subseries then Outstanding together with interest accruing thereon (assuming an annual rate of interest equal to the Maximum Rate) for the period specified in a Certificate of the Borrower to be the minimum period specified by the Rating Agencies then rating the Bonds of such subseries as necessary to maintain, in the case of the Liquidity Facility, the short- term rating of the Bonds of such subseries, or, in the case of the Credit Facility, the long-term rating of the Bonds of such subseries.
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Required Stated Amount. $7,500,000.
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Required Stated Amount means, with respect to the Credit Facility, at any time of calculation, an amount equal to the aggregate principal amount of all Variable Rate Bonds then Outstanding together with (i) interest accruing thereon for a period of days with respect to a Series of Bonds bearing interest at a Daily, Weekly or Monthly Rate (assuming an annual rate of interest equal to the Maximum Interest Rate) , (ii) $ with respect to a Series of Bonds bearing interest at a Flexible Rate and, (ii) interest accruing thereon for a period ofdays, or such other number of days required by each Rating Agency at the time rating the Bonds with respect to any Bonds which are converted to bear interest at a Semiannual Rate or a Long Rate (assuming an annual rate of interest equal to the Maximum Interest Rate) .
Sample 1

Examples of Required Stated Amount in a sentence

  • Any Credit Facility (or Alternate Credit Facility) shall be not less than the Required Stated Amount with a term of at least 360 days from the effective date thereof and shall be subject to the approval of the Liquidity Facility Provider (if any) if the Liquidity Facility Provider is a separate entity from the Credit Facility Provider.

  • Any Liquidity Facility (or Alternate Liquidity Facility) shall be in an amount equal to the Required Stated Amount with a term of at least 360 days from the effective date thereof and shall be subject to the approval of the Credit Facility Provider (if any) if the Credit Facility Provider is a separate entity from the Liquidity Facility Provider.

  • Any Credit Facility (or Substitute Credit Facility) shall be a facility provided by a commercial bank, insurance company, or other financial institution in an amount equal to the Required Stated Amount for such Bonds with a term of at least 30 days from the effective date thereof.

  • Notwithstanding the foregoing, if a Liquidity Facility is in effect, the Tender Agent shall not deliver any such Bonds unless it has received notice from the Liquidity Facility Provider that the amount available for the purchase of Bonds (prior to a conversion to Fixed Rate) is at least equal to the Required Stated Amount.

  • Any Liquidity Facility (or Alternate Liquidity Facility) shall be a facility provided by a commercial bank or other financial institution in an amount equal to the [Required Stated Amount] for such Bonds with a term of at least 30 days from the effective date thereof.

  • Any Credit Facility (or Alternate Credit Facility) shall be a facility provided by a commercial bank, insurance company, or other financial institution in an amount equal to the Required Stated Amount for such Bonds with a term of at least 30 days from the effective date thereof.

  • The DECE shall continue to accumulate seniority for the period of the approved leave.


More Definitions of Required Stated Amount

Required Stated Amount. $7,500,000, provided that the Administrative Agent is by this proviso instructed, on or around the Third Amendment Effective Date, (a) to consent to an amendment to the Interest Reserve Letter of Credit (including any replacement Interest Reserve Letter of Credit) that provides for the Required Stated Amount (as it is reflected in the Interest Reserve Letter of Credit) to be promptly reduced to the relevant amount set forth below, upon the issuer thereof receiving a notice from the Administrative Agent on or after the Reference Date opposite such amount, to the effect that (i) all interest required to be paid on the Loans on or prior to such Reference Date has been paid and (ii) the Borrower has made all deposits required to be made on or prior to such Reference Date pursuant to Section 5.15, and (b) to provide the notice as contemplated in clause (a) above on or promptly after such Reference Date so long as the statements in such notice are then true and correct: Reference Required Date Stated Amount 7/5/2005 6,747,000.00 10/3/2005 6,559,500.00 1/3/2006 6,372,000.00 4/3/2006 6,184,500.00 7/3/2006 5,997,000.00 10/2/2006 5,809,500.00 1/2/2007 5,622,000.00 4/2/2007 5,434,500.00 7/2/2007 5,247,000.00 10/2/2007 5,059,500.00 1/2/2008 4,872,000.00 4/1/2008 4,684,500.00 7/2/2008 4,497,000.00
Sample 1
Required Stated Amount means the Outstanding principal amount of the 2015 Variable
Sample 1
Required Stated Amount. $7,500,000, provided that the Administrative Agent is by this proviso instructed, from time to time after the Fourth Amendment Effective Date, (a) to consent to an amendment to the Interest Reserve Letter of Credit (including any replacement Interest Reserve Letter of Credit) that provides for the Required Stated Amount (as it is reflected in the Interest Reserve Letter of Credit) to be promptly conformed to the relevant percentage of the then outstanding Tranche A Loans and Tranche B Loans as set forth below opposite the then most recent date set forth below, upon the issuer thereof receiving a notice from the Administrative Agent, to the effect that (i) all interest required to be paid on the Loans on or prior to the date of such notice has been paid and (ii) the Borrower has made all deposits required to be made on or prior to such date pursuant to Section 5.15, and (b) to provide the notice as contemplated in clause (a) above, upon a request by the Borrower to do so, so long as the statements in such notice are then true and correct.
Sample 1
Required Stated Amount means, with respect to the Credit Facility and the Liquidity Facility, as applicable, at any time of calculation, an amount equal to the aggregate principal amount of all Bonds of a Series then Outstanding for which the Credit Facility (or Liquidity Facility) provides credit or liquidity support, together with interest accruing thereon, which, with respect to the Credit Facility and the Liquidity Facility, if applicable, shall be calculated based on the actual interest rate on a Series of Fixed Rate Bonds and, with respect to a Series of Variable Rate Bonds, on an annual rate of interest equal to the Maximum Interest Rate for the number of days required by each Rating Agency in order to obtain the rating on a Series of Bonds normally obtained with respect to bonds and other obligations supported by such Credit Provider’s or Liquidity Provider’s Credit Facility or Liquidity Facility.
Sample 1
Required Stated Amount. $6,000,000.
Sample 1
Required Stated Amount means an amount equal to $5,000,000.
Sample 1

Related to Required Stated Amount

  • Stated Amount of any Letter of Credit shall mean the maximum amount from time to time available to be drawn thereunder, determined without regard to whether any conditions to drawing could then be met.

  • Designated Amount means the lesser of:

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Requested Amount has the meaning assigned to such term in Section 2.02.

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Applicable Principal Amount means the aggregate principal amount of the Senior Notes that are components of Corporate Units.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Required Subordinated Amount means, as of a date, the sum of:

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Aggregate Outstanding Principal Amount means the sum of the Outstanding Principal Amounts with respect to all Series of Notes.

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).