Reserve Payment Amount definition

Reserve Payment Amount. With respect to any Payment Date and any Loan Group, the amount necessary for the aggregate funds on deposit in all three Reserve Accounts to equal the Specified Reserve Amount.
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Reserve Payment Amount. With respect to any Distribution Date and any Class of Notes, the amount necessary for the funds on deposit in the related Cross-collateralization Reserve Account to equal the Specified Reserve Amount.
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Reserve Payment Amount. With respect to any Payment Date and either Loan Group, the amount necessary for the aggregate funds on deposit in the Reserve Account to equal the Specified Reserve Amount.
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Examples of Reserve Payment Amount in a sentence

  • Deficiency Payment – is calculated by the Lightstream Group’s cash on hand at closing less hold backs for the Reserve Payment Amount and the Wind-Down Amount.

  • The Monitor notes that the Reserve Payment Amount remains an estimate at this time and is subject to change due to various reasons including, the ongoing Claims Process, exchange rate fluctuations, assumptions made with respect to the employees that will be offered employment by the Buyer etc.

  • Accordingly the table includes final disbursements that will be made post-closing and held by the Monitor to fund the Wind- Down Amount ($8.6 million) and the Reserve Payment Amount ($20 million).

  • The remaining cash (“ Remaining Cash”) after deducting the Reserve Payment Amount and the Wind-Down Amount will be paid to the Buyer.

  • Upon termination of the Trust Fund or on the Payment Date on which the aggregate Class Principal Balance of the Class 1A Notes, Class 2M Notes and Class 2B-1 Notes equals zero, any amounts on deposit in the Interest Reserve Fund in excess of the Interest Reserve Payment Amount for such Payment Date shall be distributed to the Purchaser.

  • Based on the revised cash flow forecast presented below this amount is expected to be nil as the cash on hand at closing is expected to exceed aggregate of the Reserve Payment Amount and the Wind-Down Amount.

  • The claims bar dates in the Claims Process have not yet passed and certain items within the Reserve Payment Amount remain subject to change the Reserve Payment Amount can be adjusted up to the Closing Date.

  • The Secured Noteholder APA includes holdback provisions whereby the Applicants are to holdback cash on hand at closing for a Reserve Payment Amount and a Wind-Down Amount.

  • To account for these uncertainties the Reserve Payment Amount may be adjusted up to the Closing Date of the Secured Noteholder APA.

  • Upon notice to the Canadian Debtors, Purchaser shall be entitled to assume the defense of any Reserve Payment Amount Matter.


More Definitions of Reserve Payment Amount

Reserve Payment Amount. With respect to any Payment Date and either Loan Group, the amount necessary for the aggregate funds on deposit in both Reserve Accounts to equal the Specified Reserve Amount.
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Related to Reserve Payment Amount

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Principal Payment Amount For any Distribution Date, an amount equal to the related Principal Remittance Amount for such date minus the related Overcollateralization Release Amount, if any, for such date.

  • CVR Payment Amount has the meaning set forth in Section 2.4(a).

  • Payment Amount has the meaning specified in Section 6.1.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Scheduled Principal Payment Amount means, for any Payment Date, an amount equal to the excess of (a) the Note Principal Amount on such Payment Date over (b) the Scheduled Note Principal Amount for such Payment Date.

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Amortization Amount shall have the meaning provided in Section 5.2(c).

  • Installment Amount means the sum of (A) (i) with respect to any Installment Date other than the Maturity Date, the lesser of (x) the quotient of (I) the Principal amount outstanding under this Note as of the initial Installment Date, divided by (II) the number of Installment Dates occurring hereunder (as determined as of the initial Installment Date assuming no Deferrals, Accelerations, redemptions or conversions hereunder prior to the Maturity Date) and (y) the Principal amount then outstanding under this Note as of such Installment Date, and (ii) with respect to the Installment Date that is the Maturity Date, the Principal amount then outstanding under this Note as of such Installment Date (in each case, as any such Installment Amount may be reduced pursuant to the terms of this Note, whether upon conversion, redemption or Deferral), (B) any Deferral Amount deferred pursuant to Section 8(d) and included in such Installment Amount in accordance therewith, (C) any Acceleration Amount accelerated pursuant to Section 8(e) and included in such Installment Amount in accordance therewith and (D) in each case of clauses (A) through (C) above, the sum of any accrued and unpaid Interest and Make-Whole Amount with respect thereto as of such Installment Date under this Note, if any, and accrued and unpaid Late Charges, if any, under this Note as of such Installment Date. In the event the Holder shall sell or otherwise transfer any portion of this Note, the transferee shall be allocated a pro rata portion of the each unpaid Installment Amount hereunder.

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.60% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Initial Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Interest Distribution Amount With respect to any Distribution Date and any Class A Certificates, any Mezzanine Certificates and any Class CE Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date.

  • Unscheduled Principal Distribution Amount With respect to any Distribution Date, an amount equal to the aggregate of: (a) all Principal Prepayments received on the Mortgage Loans during the related Collection Period (or, in the case of the Outside Serviced Mortgage Loans, all Principal Prepayments received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date); and (b) any other collections (exclusive of payments by Mortgagors) received on the Mortgage Loans and, to the extent of the Trust’s interest therein, any REO Properties during the related Collection Period (or, in the case of an Outside Serviced Mortgage Loan or any interest in REO Property acquired with respect thereto, all such proceeds received during the period that renders them includable in the Aggregate Available Funds for such Distribution Date), whether in the form of Liquidation Proceeds, Insurance Proceeds, Condemnation proceeds, net income, rents, and REO Proceeds or otherwise, that were identified and applied by the Master Servicer (and/or, in the case of an Outside Serviced Mortgage Loan, the related Outside Servicer) as recoveries of previously unadvanced principal of the related Mortgage Loan.

  • Prepayment Amount means the amount required to prepay the Annual Special Tax obligation in full for an Assessor’s Parcel as described in Section G.

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Scheduled Principal Distribution Amount With respect to each Distribution Date, an amount equal to the aggregate of the principal portions of:

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Closing Payment Amount shall have the meaning set forth in Section 3.1(a).

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Allocation Amount means, as of the Closing Date, the Series 2017-1 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2017-1 Stated Principal Amount resulting from the issuance of additional Series 2017-1 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge-Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2017-1 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greaterthan the Adjusted Outstanding Dollar Principal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.