Residual Amounts definition

Residual Amounts has the meaning specified in subsection 5.15(e)(vii).

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Residual Amounts means the value of any remaining potential future Cash Proceeds, as determined as at the Valuation Date in accordance with Condition 9 (Valuation);

Residual Amounts in respect of a Portfolio underlying a Loan is that portion of collections on such Portfolio remaining after subtracting therefrom all allocable costs, expenses, fees, interest payments and other amounts required to be paid in respect thereof.

Examples of Residual Amounts in a sentence

The Issuer shall not maintain any bank accounts other than the Trust Accounts; provided, however, that the Issuer may maintain a general bank account to, among other things, receive and hold funds released to it as Residual Amounts and to pay ordinary-course operating expenses, as applicable.
Any funds held in the Residual Amounts Account may be withdrawn at such times as the Master Issuer may elect and applied at the direction of the Master Issuer, including (i) to fund distributions, subject to Section 8.18, (ii) to make deposits to one or more of the Collection Account Administrative Accounts in accordance with Section 5.6(d) or (iii) for working capital purposes.
From time to time, the Master Issuer may direct that all or any portion of the Residual Amounts available to it pursuant to priority (xxix) of the Priority of Payments including any amounts previously deposited to the Residual Amounts Account pursuant to Section 5.1(f)) be deposited in one or more of the Collection Account Administrative Accounts.
From time to time, the Master Issuer may direct that all or any portion of the Residual Amounts available to it pursuant to priority (xxix) of the Priority of Payments be deposited in the Residual Amounts Account.
Any amounts so released from the Collection Account Administrative Accounts shall be applied at the direction of the Master Issuer, which may include (i) the making of a distribution, subject to Section 8.18, (ii) their deposit in the Residual Amounts Account or (iii) for working capital purposes.
Taco B▇▇▇ Franchisor (or the Manager on its behalf) may deposit to the Senior Subordinated Notes Interest Reserve Account unrestricted funds (including Residual Amounts) or the proceeds of capital contributions thereto directed to be made to such account necessary to meet large-franchisor exemptions or similar exemptions under applicable franchise laws therein.
Any amounts so released from the Collection Account Administrative Accounts shall be applied at the direction of the Master Issuer (or the Manager on its behalf), which may include (i) the making of a distribution, subject to Section 8.18, (ii) to deposit such amount in the Residual Amounts Account or (iii) for working capital purposes.
If, and only if, the Unpaid Balance of such Loan and all accrued and unpaid interest thereon shall not have been repaid in full on or before the last business day of the ninth month following the making of such Loan, 20% of all Residual Amounts relating to such Loan shall be paid to you as and when and to the extent collected by Borrower and in any event may not be paid until Borrower has finally disposed of such Portfolio.
The Trustee shall have no responsibility to monitor the amounts deposited into or withdrawn from the Residual Amounts Account and may rely conclusively on the Residual Amounts Certificate and the Weekly Manager’s Certificate with respect thereto.
From time to time, the Master Issuer may direct that all or any portion of the Residual Amounts available to it pursuant to priority (xxxviii) of the Priority of Payments including any amounts previously deposited to the Residual Amounts Account pursuant to Section 5.1(e) be deposited in one or more of the Collection Account Administrative Accounts.

More Definitions of Residual Amounts

Residual Amounts means all amounts remaining in the Grantor Trust after payment of the Trust Certificates and the Trust Expenses.

Residual Amounts means the outstanding Tax Assets and the expected future Recoveries as at the Valuation Date or any Put Settlement Date occurring prior to the Valuation Date, as the case may be;