Examples of Maximum Variable Funding Balance in a sentence
The Security Balance of the Variable Funding Notes in the aggregate may not exceed the Maximum Variable Funding Balance.
In addition, on any Payment Date on which the Additional Balance Differential for such Payment Date if added to the aggregate Security Balance of the Variable Funding Notes (after application of any principal payments to be made thereon on such Payment Date) would cause the aggregate Security Balance thereof to exceed the Maximum Variable Funding Balance, then the Security Balance of one or more Certificates shall be increased by the amount of such excess.
The Notes; Increase of Maximum Variable Funding Balance; Variable Funding Notes.
The Variable Funding Balance of any Class of Variable Funding Notes in the aggregate may not exceed the Maximum Variable Funding Balance for such Class.
Notwithstanding the foregoing, (i) at any time the Variable Funding Balance may not exceed the Maximum Variable Funding Balance, and (ii) the Variable Funding Balance may not increase more than $[100,000] in any month unless the Indenture Trustee receives an Opinion of Counsel to the effect that such increase will not have any material adverse tax consequences to the Trust.
Notwithstanding the foregoing, (i) at any time the Variable Funding Balance may not exceed the Maximum Variable Funding Balance, and (ii) the Variable Funding Balance may not increase more than $100,000 in any month unless the Indenture Trustee receives an Opinion of Counsel to the effect that such increase will not have any material adverse tax consequences to the Trust.
The Maximum Variable Funding Balance may be increased as provided in Section 9.01(a)(viii).
Section 4.01 The Notes[; Increase of Maximum Variable Funding Balance; Additional Variable Funding Notes].
The Variable Funding Balance of the Variable Funding Notes in the aggregate may not exceed the Maximum Variable Funding Balance.
Subject to Section 4.01(d) of the Indenture, if at any time, GMACM or an Affiliate of GMACM holds Variable Funding Notes that have reached their Maximum Variable Funding Balance, and to the extent that the same are exchanged for Capped Funding Notes in accordance with Section 4.01(d) of the Indenture, GMACM may cause such Capped Funding Notes to be resold in a private offering pursuant to a private placement memorandum.