Cash Waterfall definition

Cash Waterfall means the order of priority for application of amounts withdrawn from the Offshore Proceeds Accounts as set out in clause 21.2 (Withdrawals – No Default Outstanding) of the CTA.
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Cash Waterfall has the meaning set forth in the Intercreditor Agreement.
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Cash Waterfall has the meaning given to it in Clause 26.5(b).
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Examples of Cash Waterfall in a sentence

  • If the Facility Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under those Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under those Finance Documents in accordance with the Cash Waterfall.

  • The funding of the Debt Service Reserve Account shall continue in accordance with the Cash Waterfall until the Discharge Date.


More Definitions of Cash Waterfall

Cash Waterfall means the waterfall of payments set out in Clause 13.2 (Cash Waterfall).
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Cash Waterfall has the meaning ascribed to it in Clause 13.2(b) (Withdrawals from the Issuer Bank Account).
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Cash Waterfall means the order of priority of withdrawals and payments from the Operating Account set out in the [Onshore/Offshore] Accounts Agreement.
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Related to Cash Waterfall

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • 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.

  • Debt Service Reserve Account shall have the meaning given to it in the Depository Agreement.

  • Collateral Amount means, as of any date of determination, an amount equal to the excess of (a) the Initial Collateral Amount, over (b) the sum of (i) the amount of principal previously paid to the Series 2012-1 Noteholders (other than any principal payments made from funds on deposit in the Spread Account), (ii) reductions in the Collateral Amount pursuant to Section 4.4(f), (iii) the Principal Accumulation Account Balance, and (iv) the excess, if any, of the aggregate amount of Investor Charge-Offs and Reallocated Principal Collections over the reimbursements of such amounts pursuant to Section 4.4(a)(vii) prior to such date.

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).