Cushion Amount definition

Cushion Amount means the excess, if any, of (i) 47.5% over (ii) the sum, determined as of the effective date of the Merger, of the increases (if any) in Percentage Stock Ownership of each Substantial Holder described in clause (ii) of the definition thereof and of each Public Group, as of such date, over the three-year period ending on the effective date of the Merger (for the avoidance of doubt, with such increase measured in each case against such Substantial Holder’s and Public Group’s lowest Percentage Stock Ownership during such period).
Sample 1Sample 2Sample 3
Cushion Amount means an amount attributable to each Monthly Vintage, each being equal to the product of (i) the aggregate Outstanding Receivables Balance of Receivables at time of purchase by the Purchaser with respect to such Monthly Vintage and (ii) 0.50%.
Sample 1Sample 2Sample 3
Cushion Amount means, the Next Monthly Payment Amount minus the amount on deposit in the Loan Payment Account as of such Distribution Date without giving effect to any disbursements on such Disbursement Date with respect to all Lease Financing Loans in such Loan Pool.
Sample 1Sample 2Sample 3

Examples of Cushion Amount in a sentence

  • It is hereby clarified that if the series of bonds is increased or an additional interest rate applies as stated in sections 5.2 and 5.3 above, the Company will deposit in the Interest Cushion Account the funds that will constitute the Interest Cushion Amount in respect of the increase or the updated interest rate within ten business days from the date of publication of the immediate report regarding the increase or the change in the interest rate as aforesaid, as the case may be.

  • In the case in which the Expenses Cushion Amount is not sufficient to cover the expenses of the Trustee in connection with call for immediate repayment of the Bonds (Series A) and/or a breach of the provisions of the Trust Deed by the Company, if any such event occurs, the Trustee will act in accordance with the provisions of Section 26 below.

  • The Expenses Cushion Amount will be held until the date of the full and final payment of the Bonds (Series A).

  • It is clarified that the First Cushion Amount and the Current Cushion Amount will be the property of the Bondholders and will be held by the Trustee in trust for the Bondholders (Series A).

  • On the final and last payment date of the Bonds (Series A), the Company may instruct the Trustee to make use of the Current Cushion Amount and the Surplus Amount, as deposited in the Interest Cushion Account for payment for the Bonds.

  • However, the design of the Early Works components of the Program (including the Temporary Terminal, Bus Storage facility, and Utility Relocation) are in Final Design.

  • At the final and last redemption date of the Bonds (Series B), the Company may instruct the Trustee to make use of the Current Cushion Amount and the Excess Amount as it will be deposited in the Interest Cushion Account for the purpose of any payment in respect of the Bonds or transfer it to the Company (after full repayment of all the Bonds).

  • He testified that there are two types of gage on the River: those which measure water levels at a particular point and those that also measure water flows or discharge, in addition to measuring water levels at a particular point.

  • In the case in which the Expenses Cushion Amount is not sufficient to cover the expenses of the Trustee in connection with call for immediate repayment of the Bonds (Series B) and/or a breach of the provisions of the Trust Deed by the Company, if any such event occurs, the Trustee will act in accordance with the provisions of Section 26 below.

  • The Company undertakes that out of the proceeds it receives from the issuance of the Debentures (Series C), an amount equal to the next interest payment (“ Interest Cushion Amount”) shall be deposited in the Trust Account (as defined below), and the Trust Account and Interest Cushion Amount shall serve as collateral for holders of the Debentures (Series C) up to the full repayment of the Debentures (Series C).


More Definitions of Cushion Amount

Cushion Amount means $2,000,000 or such lesser amount (but not less than $1,000,000) as QFC and the Company determine is appropriate in light of the uncertainties associated with ensuring that the 90/70% test is complied with.
Sample 1

Related to Cushion Amount

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Transaction Amount means the aggregate value of all of the issued and outstanding REIT Shares using a per share value equal to the per share value paid to the Stockholders in an Extraordinary Transaction. Transfer has the meaning set forth in Section 9.2(a) hereof. Value means, with respect to REIT Shares, the average of the daily market price of such REIT Share for the ten (10) consecutive trading days immediately preceding the date of such valuation. The market price for each such trading day shall be: (i) if the REIT Shares are Listed, the sale price, regular way, on such day, or if no such sale takes place on such day, the average of the closing bid and asked prices, regular way, on such day; (ii) if the REIT Shares are not Listed, the last reported sale price on such day or, if no sale takes place on such day, the average of the closing bid and asked prices on such day, as reported by a reliable quotation source designated by the General Partner; or (iii) if the REIT Shares are not Listed and no such last reported sale price or closing bid and asked prices are available, the average of the reported high bid and low asked prices on such day, as reported by a reliable quotation source designated by the General Partner, or if there shall be no bid and asked prices on such day, the average of the high bid and low asked prices, as so reported, on the most recent day (not more than ten (10) days prior to the date in question) for which prices have been so reported; provided that if there are no bid and asked prices reported during the ten (10) days prior to the date in question, the value of the REIT Shares shall be determined by the General Partner acting in good faith on the basis of such quotations and other information as it considers, in its reasonable judgment, appropriate. In the event the REIT Shares Amount includes rights that a holder of REIT Shares would be entitled to receive, then the value of such rights shall be determined by the General Partner acting in good faith on the basis of such quotations and other information as it considers, in its reasonable judgment, appropriate.

  • Valuation Amount means, in respect of each Mortgaged Vessel, the value thereof as most recently determined under clause 8.2.2; and

  • M&O Amount means the revenue protection payment required as part of this Agreement as set out in TEXAS EDUCATION CODE Section 48.256(d) and shall have the meaning assigned to such term in Section 4.2 of this Agreement.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Coupon Amount means (i) in respect of a Coupon Payment, the amount of interest payable on a Security for the relevant Coupon Period in accordance with Condition 5 and (ii) for the purposes of Conditions 8(c) and 8(d), any interest accrued from (and including) the preceding Coupon Payment Date (or, if none, the Issue Date) to (but excluding) the due date for redemption if not a Coupon Payment Date as provided for in Condition 5(b);

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.