Examples of Subordination Increase Amount in a sentence
The failure to pay any Subordination Increase Amount or Carry-Forward Amount at any time when funds are not available to make such payment as provided in the Indenture shall not constitute an Event of Default under the Indenture.
Subordination Deficiency:As to any Distribution Date, the excess, if any, of the Required Overcollateralization Amount over the Overcollateralization Amount after giving effect to the distribution of principal from the Mortgage Loans (but prior to the distribution of any Subordination Increase Amount).
On each Payment Date, Bondholders will be entitled to receive interest payments in an aggregate amount equal to the Interest Payment Amount for such Payment Date, together with principal payments in an aggregate amount equal to the Principal Payment Amount plus the Subordination Increase Amount, if any, for such Payment Date.
The Subordination Increase Amount shall be calculated by the Swap Counterparty in good faith and in a commercially reasonable manner taking into account such factors as it considers appropriate, including, without limitation, the related Performance Account Ledger Reduction Amount relating to the relevant Class of Notes, the First Loss Balance relating to the relevant Class of Notes (net of such Subordination Increase Amount) and the then current ratings applicable to such Class of Notes.
Subordination Increase Amount: As to any Distribution Date, the lesser of the Subordination Deficiency and Excess Interest Collections.