Excess Reserve Amount means, on any date, the excess (if any) of:
Excess Reserve Amount. With respect to any Payment Date, the excess, if any, of the amount on deposit in the Reserve Account over the Required Reserve Account Amount.
Excess Reserve Amount. With respect to any Payment Date, the lesser of (i) the excess, if any, of the Outstanding Reserve Amount (after application of the Principal Collections and any Liquidation Loss Distribution Amounts for such Payment Date) with respect to that Payment Date over the Reserve Amount Target and (ii) the Principal Collections for that Payment Date.
Examples of Excess Reserve Amount in a sentence
If the Excess Reserve Amount is not positive, then Purchaser shall have no obligation to make any payment, or cause Xxxxxx Xxxxxx to make any payment, to Seller pursuant to this Section 7.19.
More Definitions of Excess Reserve Amount
Excess Reserve Amount has the meaning assigned to such term in Section 3.03(b)(iii).
Excess Reserve Amount means the amount, if any, by which (i) the Cash reserves established and funded under the Plan (except for the MGUS Reserve and the Non- MGUS Reserve) exceed the amount of Distributions required to be paid under the Plan in respect of Allowed Claims from such reserves and (ii) the Cash funded into the Liquidating Trust Fund on the Effective Date pursuant to the Wind Down Budget exceeds the final amount of Liquidating Trust Expenses.
Excess Reserve Amount has the meaning set forth in Section 7.19.
Excess Reserve Amount has the meaning set forth in Section 6(d) of this Agreement.
Excess Reserve Amount means the amount of the Unused Allocated Share, if any, that is in excess of the aggregate total of the Allocated Shares for the remaining Unsold Other Properties.
Excess Reserve Amount shall have the meaning assigned to such term in Section 2.19(d)(iii)(A).
Excess Reserve Amount has the meaning set forth in the Senior Term Loan Agreement. Seller Credit Agreement