Seller Amount definition

Seller Amount means, on any Determination Date, the Aggregate Principal ------------- Balance at the end of the day immediately prior to such Determination Date, minus the Aggregate Collateral Amount at the end of such day.

Seller Amount. With respect to any Mortgage Loan listed on Schedule I-B that has become a Liquidated Mortgage Loan, the amount, if any, by which (i) Liquidation Proceeds received with respect to such Mortgage Loan exceed (ii) the sum, without duplication, of (a) the Principal Balance, (b) the principal portion of any delinquent Monthly Payment not advanced, (c) interest accrued since the Cut-off Date and neither paid nor advanced, (d) any outstanding Servicing Advances and (e) any Liquidation Expenses, in each case with respect to such Mortgage Loan.

Seller Amount means, on any Determination Date, the Aggregate ------------- Principal Balance at the end of the day immediately prior to such Determination Date, minus the Aggregate Collateral Amount at the end of such day.

Examples of Seller Amount in a sentence

• If the Seller or the Servicer shall --------------------------------- fail to make any Deposit Obligation, the amount thereof shall first be allocated to reduce the Seller Amount until the Seller Amount equals the Minimum Seller Amount.

• Therefore, in this study, the Pearson’s correlation coefficient of r=.693 observed in Table 1 can be described as a strong positive relationship.

• Thereafter, amounts in the Excess Funding Account shall be treated as Shared Principal Collections to the extent that, after giving effect to the application of such amount as Shared Principal Collections to the extent provided in any Indenture Supplement, the Seller Amount would equal or exceed the Minimum Seller Amount.

• Earnings from such investments received shall be paid to the Seller or, if the Seller Amount as determined on such Business Day does not exceed the Minimum Seller Amount, such earnings shall be deposited in the Excess Funding Account.

• If the transactions contemplated herein shall close but on the same day you are unable to deliver the Seller Amount or any other portion of the Funds which represent amounts due Seller but which are, at Seller’s direction pursuant to the Closing Statement, used to pay third parties or other obligations of Seller (the Seller Amount and the other amounts due Seller as aforesaid being herein collectively called the “Seller Funds”), you shall promptly notify Seller of such fact.

More Definitions of Seller Amount

Seller Amount means at any time of determination an amount equal to the total amount of Principal Receivables and the principal amount on deposit in the Special Funding Account and any Principal Funding Account (as defined in any Supplement) in the Trust at such time minus the aggregate Invested Amounts and Enhancement Invested Amounts, if any, for all outstanding Series at such time.

Seller Amount means, on any date of determination, an amount equal to (i) the sum of (a) the aggregate amount of Principal Receivables at the end of the day immediately prior to such date of determination, and (b) the Excess Funding Amount at the end of the day immediately prior to such date of determination, and minus the sum of the Series Invested Amounts for each Series outstanding on such date at the end of such day. 23 "Seller Certificates" shall mean, collectively, the Bank Certificate and any outstanding Supplemental Certificates.

Seller Amount has the meaning set forth in Section 3.3(g).

Seller Amount means: (i) for the period of the Term prior to the Commercial Operation Date, the amount of; and (ii) for the period of the Term on and after the Commercial Operation Date, through the remainder of the Term and until the indefeasible and irrevocable payment and performance of all of Seller’s obligations under this Agreement, an amount equal to

Seller Amount means the Pre-Closing Estimated Net Working Capital less the Escrow Amount.

Seller Amount means, with respect to any Due Period, Aggregate ------------- Principal Receivables for such Due Period, minus the Aggregate Invested Amount ----- as of the close of business on the Distribution Date related to the prior Due Period.

Seller Amount means, on any date of determination, the Aggregate Principal Receivables at the end of the day immediately prior to such date of determination, minus the Aggregate Investor Amount at the end of such day. The Seller Amount may be a negative number.