SLOT Capital definition

SLOT Capital of any SLOT Interest means, at any time, (A) the SLOT Purchase Price of such SLOT Interest, minus (B) the sum of the aggregate amount of Collections and other payments received by the SLOT Agent which in each case are applied to reduce such SLOT Capital in accordance with the terms and conditions of this Agreement and the Intercreditor Agreement; provided that such SLOT Capital shall be restored (in accordance with Section 2.5) in the amount of any Collections or other payments so received and applied if at any time the distribution of such Collections or payments are rescinded, returned or refunded for any reason.
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Examples of SLOT Capital in a sentence

  • Such SLOT Reduction Notice shall designate (i) the date (the “Proposed SLOT Reduction Date”) upon which any such reduction of Aggregate SLOT Capital shall occur, and (ii) the amount of Aggregate SLOT Capital to be reduced (the “Aggregate SLOT Reduction”), which, subject to the Intercreditor Agreement, shall be applied to the reduction of such SLOT Interests as the SLOT Agent may select.

  • If Aggregate SLOT Capital, Yield and other Recourse Obligations under this Agreement shall be reduced to zero, any additional Collections received by the Servicer shall be remitted from the Servicer to Seller on such Settlement Date.

  • SLOT Capital shall accrue Yield for each day during each Accrual Period at LMIR at all times while it is available and otherwise, at the Alternate Base Rate.

  • Not later than 10:00 a.m. (Chicago time) on the Business Day of a proposed reduction in Aggregate SLOT Capital outstanding, Seller shall provide the SLOT Agent with written notice of any reduction requested by the Seller of the Aggregate SLOT Capital outstanding (a “SLOT Reduction Notice”).

  • If the aggregate of the SLOT Interests exceeds 100%, Seller shall determine the amount that must be applied to the reduction of SLOT Capital of the SLOT Interests to eliminate such excess (the “Mandatory SLOT Reduction Amount"), and Seller shall pay, from funds available to Seller under Sections 2.2 and 2.3, to the SLOT Purchaser, not later than the next Business Day, the Mandatory SLOT Reduction Amount.

Related to SLOT Capital

  • Net Capital as used in this rule, shall mean the difference between total assets and total indebtedness, as determined by generally accepted accounting principles, consistently applied, and thereafter adjusted pursuant to paragraph (K)(2) of this rule.

  • Unit Capital means the aggregate of the face value of units issued under the scheme and outstanding for the time being.

  • Minimum capital or "minimum required capital" means the capital that must be constantly maintained by a stock insurance corporation as required by statute.

  • CET1 Capital means, as of any Balance Sheet Date, the aggregate amount, in the Presentation Currency, of items that constitute common equity tier 1 capital of the Group as of such Balance Sheet Date, less any deductions from common equity tier 1 capital required to be made, in each case as determined by the Group Holding Company pursuant to the BIS Regulations applicable to the Group Holding Company as of such Balance Sheet Date, and as (i) disclosed in the Quarterly Financial Accounts published on the relevant Ordinary Publication Date or (ii) may be disclosed as a component of the Reviewed Interim Measurement published upon the instruction of FINMA on the relevant Extraordinary Publication Date, as applicable. For the avoidance of doubt, the term "common equity tier 1 capital" as used in this definition has the meaning assigned to such term in the BIS Regulations in effect as of the relevant Balance Sheet Date.

  • Equity Capital means capital invested in common or preferred stock, royalty rights, limited partnership interests, limited liability company interests, or any other security or rights that evidence ownership in a private business.