Shared Amounts definition

Shared Amounts means, for a Payment Date and any Exchange Note for which an Exchange Note Event of Default described in Sections 6.4(a)(i) or (ii) of the Credit and Security Agreement has occurred and is continuing, any shortfall in payment of interest on or principal of that Exchange Note on the Payment Date (and, if there is more than one Exchange Note having funds available for distribution as Shared Amounts, the Shared Amounts will be allocated among all such Exchange Notes pro rata based on their respective Exchange Note Balances).
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Shared Amounts means, for a Reference Pool, amounts that are designated as "Shared Amounts" under the related Exchange Note Supplement.
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Shared Amounts means, collectively, the proceeds of any collection, sale or other realization of all or any part of the Collateral and any Unused Insurance Proceeds, in each case whether pursuant to the Shared Security Documents or otherwise.
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Examples of Shared Amounts in a sentence

  • The 2025-B Exchange Note will be payable solely from Exchange Note Available Funds, the proceeds of the other Borrower Collateral and any Shared Amounts allocated to the 2025-B Exchange Note under Section 5.1, in each case, according to the priorities in Section 5.1. For purposes of determining the 2025-B Collections, the Leases and Leased Vehicles will be deemed to have been allocated to the 2025-B Reference Pool from and after the related Cutoff Date.

Related to Shared Amounts

  • Excess Amounts means Available Monies after distributions made in accordance with Section 7.05.

  • Unrelated Amounts means (a) amounts deposited by the Servicer into the Collection Account but later determined by the Servicer to be mistaken or returned deposits or postings, (b) amounts deposited by the Servicer into the Collection Account as Collections but which were later determined by the Servicer to not constitute Collections with respect to the Receivables and (c) amounts received by the Servicer with respect to a Receivable that the Servicer is prohibited from depositing into the Collection Account or otherwise remitting to the Issuer by law or court order, the direction of a regulatory authority or regulatory guidance.