Examples of Required Capital Level in a sentence
Shortfalls in Required Capital Level as of Current Payment Date:i.
The Excess Funds Subaccount will also hold all investment earnings on the Collection Account (other than investment earnings on the Capital Subaccount) in excess of such amounts.Capital SubaccountIn connection with the issuance of the ETBs, the Seller, in its capacity as the sole member of the Issuing Entity, will contribute capital to the Issuing Entity in an amount equal to the Required Capital Level, which will be equal to 0.50% of the initial principal amount of the ETBs issued.
Evidence satisfactory to the Indenture Trustee that the Required Capital Level has been credited to the Capital Subaccount.
Such separate accounts will be recognized individually as a Subaccount and collectively as the “Collection Account.” Prior to or concurrently with the issuance of Consumer Rate Relief Bonds, the Member shall deposit into the Capital Subaccount an amount equal to the Required Capital Level.
Prior to the initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount, up to the Required Capital Level) shall be allocated to the General Subaccount.