Total Reduction Amount definition
Total Reduction Amount means the result obtained by multiplying the Average Effective Differential by the number of days in the Determination Period. For the avoidance of doubt, if the Average Effective Differential is less than or equal to zero then the Total Reduction Amount shall be deemed to be zero.
Total Reduction Amount means, with respect to any Distribution Date, (a) the sum of (i) the Remaining Unfunded Reduction Amount for the related Determination Date plus (ii)(A) for purposes of paragraph (9)(i)(a)(II) under "Priority of Payments—Principal Proceeds", the remaining Principal Proceeds available after the application thereof on such Distribution Date pursuant to paragraphs
Total Reduction Amount shall have the meaning provided in Section 2.15(a).
Examples of Total Reduction Amount in a sentence
Each DMS Stockholder's stock amount shall be reduced by the amount of shares equal to: the Total Reduction Amount multiplied by such stockholder's percentage interest in Morr▇▇ ▇▇▇nty Direct Mail Services, Inc.
If the Average Effective Differential is less than or equal to zero then the Total Reduction Amount shall be deemed to be zero and the Principal Amount of this Note shall not be reduced.
More Definitions of Total Reduction Amount
Total Reduction Amount means, with respect to any Monthly Distribution Date, (a) the sum of (i) the Excess Notional Amount Liquidity for the related Determination Date (taking into account any amounts to be transferred from the Reserve Account to the Payment Account on the related Distribution Date for application in accordance with the Priority of Payments) plus (ii)(A) for purposes of paragraph (4)(a)(III) under “Priority of Payments— Principal Proceeds”, the remaining Principal Proceeds available after the application thereof on such Monthly Distribution Date pursuant to paragraphs (1) through (3) (inclusive) under “Priority of Payments—Principal Proceeds” or (B) for purposes of paragraph (5)(a)(III) under “Priority of Payments—Principal Proceeds”, the remaining Principal Proceeds available after the application thereof on such Monthly Distribution Date pursuant to paragraphs (1) through (4) (inclusive) under “Priority of Payments—Principal Proceeds” multiplied by (b)(i) with respect to any Monthly Distribution Date occurring prior to the last day of the Reinvestment Period, a percentage not exceeding 100% determined by the Collateral Manager in its sole discretion and notified to the Trustee on or prior to the related Determination Date or (ii) otherwise, 100%.