SUBORDINATION AMOUNT. As of any Payment Date, the excess, if any, of (x) the sum of the aggregate Principal Balances of the Mortgage Loans as of the close of business on the last day of the related Due Period as of such Payment Date over (y) the Note Principal Balance of the Notes as of such Payment Date (and following the making of all distributions on such Payment Date)
SUBORDINATION AMOUNT. As of any Payment Date, the excess, if any, of (x) the sum of the Pool Balance as of the close of business on the last day of the related Due Period, over (y) the Bond Principal Balance of the Bonds as of such Payment Date (and following the making of all distributions on such Payment Date).
SUBORDINATION AMOUNT means, with respect to each Class of notes in the Linked Series, the amount specified as the “Subordination Amount” in the confirmation evidencing the credit default swap transaction under the applicable swap agreement that references such Class of notes, which amount, in the case of the Notes, is the Subordination Amount as defined above.
Examples of SUBORDINATION AMOUNT in a sentence
MINIMUM SUBORDINATION AMOUNT: As defined in the Note Purchase Agreement.
More Definitions of SUBORDINATION AMOUNT
SUBORDINATION AMOUNT means, for any Payment Date, (A) the Aggregate Discounted Lease Balance as of the related Determination Date plus (B) the Available Amount for such Payment Date minus (C) the Outstanding Class A Principal Balance on such Payment Date (all calculated after giving effect to all payments and transfers made or to be made on such Payment Date pursuant to clauses (a) through (i) of Section 4.8 hereof (but without giving effect to the provisos in such clause (i)).
SUBORDINATION AMOUNT means, after making distributions equal to $2,750,000 in Distributable Value, the next $2,500,000 of Net Komanoff Proceeds and Net LBMC Proceeds, in the aggregate, available for distribution to PBGC only.
SUBORDINATION AMOUNT. For any Series, the amount set forth in the related -------------------- Terms Supplement.
SUBORDINATION AMOUNT means, on any date, an amount equal to the greater of (a) zero and (b) the First Loss Protection Amount (as defined in the confirmation of the Credit Swap Transaction) on such date less the Accumulated Loss (as defined in the confirmation of the Credit Swap Transaction) on such date.
SUBORDINATION AMOUNT means, with respect to each Linked Instrument, the amount specified as the “Subordination Amount” in the Credit Confirmation.
SUBORDINATION AMOUNT means the amount which, but for the operation of section 3 of the Notes, providing for the subordination of the Notes to Senior Unsecured Claims, would be distributable to the Holders of Allowed Class 4 Claims.
SUBORDINATION AMOUNT means the maximum amount that the Guarantor can guaranty hereunder without violating the terms and provisions of or causing a default under either of the Existing Trident Indentures (as defined in the Credit Agreement).