Senior Expenses Cap definition

Senior Expenses Cap means, in respect of each Due Period, €200,000 plus 0.07 per cent. per annum (calculated semi-annually on the basis of a 360-day year and the actual number of days elapsed in such Due Period) of the Aggregate Collateral Balance as at the Determination Date immediately preceding the Payment Date in respect of such Due Period.

Senior Expenses Cap means in respect of each Due Period, €150,000 plus an amount equal to 0.025 per cent of the Aggregate Collateral Balance on the first day of such Due Period.

Senior Expenses Cap means, for each Cap Annual Period, £150,000 per annum as at the Note Calculation Date immediately preceding the applicable Annual Anniversary Date or, in the case of the first Cap Annual Period, the Issue Date; and

Examples of Senior Expenses Cap in a sentence

• Any such payments shall be paid to the Account Bank from Interest Proceeds, without regard to the Priorities of Payment and shall not be subject to the Senior Expenses Cap and may, accordingly, have a negative impact on the amounts available to the Issuer to apply as payments on the Notes.

• Whether or not internal energy can be converted into kinetic energy in this way is not established, even less whether the internal energy would be converted with the same efficiency as the energy input from orbital decay.

• In each case, any such payment of Refinancing Costs shall be made in accordance with and subject to the Conditions (including the Senior Expenses Cap).

• Should the amount of the sanction or penalty exceed the Senior Expenses Cap in any period, payment in full will be subject to the Issuer making such payment in accordance with the priority of payments and after all amounts due on the Rated Notes have been paid.

• Should the payment amount of such sanction exceed the Senior Expenses Cap in any period, payment in full will be subject to the Issuer making such payment in accordance with the priority of payments and after all amounts due on the Rated Notes have been paid.

More Definitions of Senior Expenses Cap

Senior Expenses Cap means, in respect of each Payment Date, the sum of

Senior Expenses Cap means, in respect of each Due Period, £400,000 or such higher amount as determined by the Investment Managers, acting reasonably, is necessary in order to reflect increased expenses.

Senior Expenses Cap means, in respect of each Due Period, €350,000 per annum plus 0.07% per annum of the Aggregate Collateral Balance as at the Determination Date immediately preceding the Payment Date in respect of such Due Period.

Senior Expenses Cap means, in respect of each Payment Date, the sum of (i) 2.5bps per annum (pro-rated for the Due Period for the first Payment Date on the basis of a 360-day year and the actual number of days elapsed in such Due Period and thereafter on the basis of a 360-day year comprised of twelve 30-day months with each anniversary of the first Payment Date being the start of such 360-day year) multiplied by the Collateral Principal Amount; and (ii) US$250,000 per annum (pro-rated for the Due Period for the first Payment Date on the basis of a 360-day year and the actual number of days elapsed in such Due Period and thereafter on the basis of a 360-day year comprised of twelve 30-day months with each anniversary of the first Payment Date being the start of such 360-day year).

Senior Expenses Cap means, for each Cap Annual Period, £200,000 per annum as at the Note Calculation Date immediately preceding the applicable Annual Anniversary Date or, in the case of the first Cap Annual Period, the Issue Date; Redemption Available Funds On a Note Calculation Date, the Cash Administrator will calculate the amount of principal funds available to the Issuer in the Principal Account by reference to the applicable Note Calculation Period, and such principal funds (the "Redemption Available Funds") shall be an amount equal to the sum of the following:

Senior Expenses Cap means, in respect of each Due Period, €200,000 plus 0.07 per cent. per annum (calculated quarterly on the basis of a 360 day year and the actual number of days elapsed in such Due Period) of the Aggregate Collateral Balance as at the Determination Date immediately preceding the Payment Date in respect of such Due Period, provided that if further or additional Notes are issued (pursuant to Condition 17 (Additional Issuances) or otherwise) during a Due Period, the Senior Expenses Cap shall be determined by reference to an amount equal to the sum of (i) the Aggregate Collateral Balance on the first day of such Due Period multiplied by a fraction equal to (a) the number of days from and including the first day of such Due Period to but excluding the day on which such further or additional Notes were issued divided by (b) the total number of days in such Due Period and (ii) the Aggregate Collateral Balance as at the date on which such further or additional Notes were issued multiplied by a fraction equal to (a) the number of days from and including the date on which such further or additional Notes were issued to but excluding the last day of such Due Period divided by (b) the total number of days in such Due Period (such calculation to be expanded accordingly to reflect more than a single issuance of further or additional Notes during a Due Period).

Senior Expenses Cap means the total maximum of fees, costs and expenses which the Issuer undertakes to pay at items (b) and (e) in the Loan Post-Enforcement (Notes Pre-Enforcement) Priority of Payments to the Noteholders to any party, and being EUR 100,000 per annum;