Subordinated Hedge Breakage Costs means with respect to any Hedge Transaction, any amount payable by the Borrower to the related Hedge Counterparty upon the early termination of such Hedge Transaction or any portion thereof as a result of any event of default under the related Hedging Agreement for which the related Hedge Counterparty is the defaulting party.
Subordinated Hedge Breakage Costs means Hedge Breakage Costs payable by the Borrower to a Hedge Counterparty in connection with the termination of a Hedge Transaction where either (i) such Hedge Counterparty is a "Defaulting Party" (as such term is defined in the related Hedging Agreement) or (ii) such Hedge Counterparty is the sole "Affected Party" with respect to a "Termination Event" (as such terms are defined in the related Hedging Agreement), other than a Termination Event relating to illegality, force majeure and taxes, which by its terms applies to such Hedge Counterparty, in all cases other than to the extent of a return of equivalent collateral (and income thereon). 45
Subordinated Hedge Breakage Costs means Hedge Breakage Costs payable by the Borrower to a Hedge Counterparty in connection with the termination of a Hedge Transaction DB1/ 139452285.4144571789.3 43 where either (i) such Hedge Counterparty is a "Defaulting Party" (as such term is defined in the related Hedging Agreement) or (ii) such Hedge Counterparty is the sole "Affected Party" with respect to a "Termination Event" (as such terms are defined in the related Hedging Agreement), other than a Termination Event relating to illegality, force majeure and taxes, which by its terms applies to such Hedge Counterparty, in all cases other than to the extent of a return of equivalent collateral (and income thereon). "Subordinated Monthly Interest Payment Amount" means, for any Payment Date, the difference of (i) the sum of (a) the amount of any accrued and unpaid Interest for such Payment Date, calculated pursuant to Section 2.05 plus (b) the Program Fee, if applicable, plus (c) the Unused Commitment Fee, if applicable, minus (ii) the Senior Monthly Interest and Fees. "Subprime Receivable" means a Receivable for which, at the time of underwriting, the related FICO Score was (i) less than 620 (including a FICO Score of zero) or (ii) there was no FICO Score. "Subsequent Loan" means each Loan made following the Initial Loan. "Subsequent Receivable" means each Receivable that becomes a part of the Collateral on a Funding Date other than the Funding Date relating to the Initial Loan. "Subsidiary" means, with respect to a Person, any entity with respect to which more than 50% of the outstanding voting securities shall at any time be owned or controlled, directly or indirectly, by such Person and/or one or more of its Subsidiaries, or any similar business organization which is so owned or controlled. "Successor Servicer" has the meaning given to such term in Section 7.14(b). "Take-out" means any transaction pursuant to which all or a portion of the Receivables are released from the Lien granted to the Administrative Agent hereunder, a corresponding portion of the Loans Outstanding are repaid, and such Receivables are transferred by the Borrower to the Seller or another Person. "Take-out Date" means the dateBusiness Day upon which a Take-out is consummated. "Take-out Date Certificate" means a certificate delivered by a Responsible Officer of the Servicer on the Take-out Date indicating that the requirements set forth in this Agreement for a Take-out has been satisfied. "Take-out Release" means a release exec...
More Definitions of Subordinated Hedge Breakage Costs
Subordinated Hedge Breakage Costs means Hedge Breakage Costs payable by the Borrower to a Hedge Counterparty in connection with the termination of a Hedge Transaction where either (i) such Hedge Counterparty is a "Defaulting Party" (as such term is defined in the related Hedging Agreement) or (ii) such Hedge Counterparty is the sole "Affected Party" with respect to a "Termination Event" (as such terms are defined in the related Hedging Agreement), other than a Termination Event relating to illegality, force majeure and taxes, which by its terms applies to such Hedge Counterparty, in all cases other than to the extent of a return of equivalent collateral (and income thereon). "Subordinated Monthly Interest Payment Amount" means, for any Payment Date, the difference of (i) the sum of (a) the amount of any accrued and unpaid Interest for such Payment Date, calculated pursuant to Section 2.05 plus (b) the Program Fee, if applicable, plus (c) the Unused Commitment Fee, if applicable, minus (ii) the Senior Monthly Interest and Fees.
Subordinated Hedge Breakage Costs means Hedge Breakage Costs payable by the Borrower to a Hedge Counterparty in connection with the termination of a Hedge Transaction where either (i) such Hedge Counterparty is a "Defaulting Party" (as such term is defined in the related Hedging Agreement) or (ii) such Hedge Counterparty is the sole "Affected Party" with respect to a "Termination Event" (as such terms are defined in the related Hedging Agreement), other than a Termination Event relating to illegality, force majeure and taxes, which by its terms applies to such Hedge Counterparty, in all cases other than to the extent of a return of equivalent collateral (and income thereon). "Subordinated Monthly Interest Payment Amount" means, for any Payment Date, the difference of (i) the sum of (a) the amount of any accrued and unpaid Interest for such Payment