Cash Collateral Account Surplus definition

Cash Collateral Account Surplus means, as of any Payment Date, the amount, if any, by which the amount on deposit in the Cash Collateral Account exceeds the Required Cash Collateral Amount (after giving effect to any distributions to be made pursuant to Section 8.02 of the Indenture and Section 2.02(c) of this Agreement and any withdrawals pursuant to Section 7.05(d) of the Pooling Agreement, in each case with respect to such Payment Date).
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Cash Collateral Account Surplus means, upon the occurrence of a ------------------------------- Conversion Deposit and after the reduction of the Collateral Invested Amount to zero, the excess of the amount on deposit in the Cash Collateral Account over the Required Cash Collateral Account.
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Cash Collateral Account Surplus means, as of any date of determination, the amount, if any, by which the amount on deposit in the Cash Collateral Account exceeds the Required Cash Collateral Account Amount; provided, however, that if a Cash Collateral Account Funding Event shall have occurred, except as set forth in the following proviso, the Cash Collateral Account Surplus shall be $0 until the first Distribution Date occurring at least six months after the date on which a Cash Collateral Account Funding Event ceased to be continuing; provided, further, that notwithstanding anything contained herein to the contrary, the Cash Collateral Account Surplus shall equal the amount by which the sum of the Principal Funding Account Balance, the Available Spread Account Amount and the amount on deposit in the Cash Collateral Account exceeds the Note Principal Balance as of such date of determination, which surplus shall not exceed the amount on deposit in the Cash Collateral Account.
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Examples of Cash Collateral Account Surplus in a sentence

  • In addition, after the occurrence of a Conversion Deposit, any Cash Collateral Account Surplus shall be withdrawn on any Transfer Date for application in accordance with the Loan Agreement.

  • The amount of any such withdrawal from the Class A Ford Cash Collateral Account shall be limited to the lesser of (a) the Class A Available Ford Cash Collateral Account Amount on such Payment Date and (b) the Class A Cash Collateral Account Surplus (after giving effect to any withdrawal from the Class A Non-Ford Cash Collateral Account) on such Payment Date.

  • The amount of any such withdrawal from the Class B Ford Cash Collateral Account shall be limited to the lesser of (a) the Class B Available Ford Cash Collateral Account Amount on such Payment Date and (b) the Class B Cash Collateral Account Surplus (after giving effect to any withdrawal from the Class B Non-Ford Cash Collateral Account) on such Payment Date.

  • The amount of any such withdrawal from the Series 2009-1 Cash Collateral Account shall be limited to the least of (a) the Series 2009-1 Available Cash Collateral Account Amount on such Payment Date, (b) the Series 2009-1 Cash Collateral Account Surplus on such Payment Date and (c) the excess, if any, of the Series 2009-1 Letter of Credit Liquidity Amount on such Payment Date over the Series 2009-1 Demand Note Payment Amount on such Payment Date.

  • The amount of any such withdrawal from the Series 2010-1 Cash Collateral Account shall be limited to the least of (a) the Series 2010-1 Available Cash Collateral Account Amount on such Payment Date, (b) the Series 2010-1 Cash Collateral Account Surplus on such Payment Date and (c) the excess, if any, of the Series 2010-1 Letter of Credit Liquidity Amount on such Payment Date over the Series 2010-1 Demand Note Payment Amount on such Payment Date.

  • The aggregate amount of any such withdrawals from the Class A/B Cash Collateral Accounts shall be limited to the Class A/B Cash Collateral Account Surplus on such Payment Date.

  • The amount of any such withdrawal from the Series 2004-1 Ford Cash Collateral Account shall be limited to the lesser of (a) the Series 2004-1 Available Ford Cash Collateral Account Amount on such Payment Date and (b) the Series 2004-1 Cash Collateral Account Surplus (after giving effect to any withdrawal from the Series 2004-1 Non-Ford Cash Collateral Account) on such Payment Date.

  • The aggregate amount of any such withdrawals from the Class A Cash Collateral Accounts shall be limited to the Class A Cash Collateral Account Surplus on such Payment Date.

  • The aggregate amount of any such withdrawals from the Class B Cash Collateral Accounts shall be limited to the Class B Cash Collateral Account Surplus on such Payment Date.

  • In the event that there is a Cash Collateral Account Surplus on any Distribution Date, after giving effect to all withdrawals from the Cash Collateral Account, the Trustee, acting in accordance with the instructions of the Servicer, shall withdraw from the Cash Collateral Account an amount equal to the Cash Collateral Amount Surplus and shall pay such amount to the Letter of Credit Provider to the extent of unreimbursed draws under the Letter of Credit or otherwise pay such amount to TFFC.


More Definitions of Cash Collateral Account Surplus

Cash Collateral Account Surplus means, as of any date of determination, the amount, if any, by which the amount on deposit in the Cash Collateral Account on such date (before giving effect to any deposit to, or withdrawal from, the Cash Collateral Account on such date) exceeds the Required Cash Collateral Amount on such date.
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Cash Collateral Account Surplus means, on any Distribution Date, the excess, if any, of the Available Cash Collateral Amount on such Distribution Date, after giving effect to deposits into and withdrawals from the Cash Collateral Account pursuant to Article 14 on such Distribution Date, over the Required Cash Collateral Amount for the next succeeding Distribution Date.
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Cash Collateral Account Surplus means, as of any date of determination subsequent to the establishment and funding of the Cash Collateral Account pursuant to Section 5.11, the amount, if any, by which the Letter of Credit Amount exceeds the Required Letter of Credit Amount.
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Cash Collateral Account Surplus means, as of any date of ------------------------------- determination, the amount, if any, by which the amount on deposit in the Cash Collateral Account on such date (before giving effect to any deposit to, or withdrawal from, the Cash Collateral Account on such date) exceeds the Required Cash Collateral Amount on such date.
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Cash Collateral Account Surplus means, upon the occurrence of a
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Related to Cash Collateral Account Surplus

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Available Reserve Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Reserve Account made or to be made with respect to such date) and (b) the Required Reserve Account Amount, in each case on such Transfer Date.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Cash Collateral Agreement shall have the meaning provided in Section 5.2(b).

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).