SUBORDINATION AMOUNT definition

SUBORDINATION AMOUNT. As of any Payment Date, the excess, if any, of (x) the sum of the aggregate Principal Balances of the Mortgage Loans as of the close of business on the last day of the related Due Period as of such Payment Date over (y) the Note Principal Balance of the Notes as of such Payment Date (and following the making of all distributions on such Payment Date)

SUBORDINATION AMOUNT. As of any Payment Date, the excess, if any, of (x) the sum of the Pool Balance as of the close of business on the last day of the related Due Period, over (y) the Bond Principal Balance of the Bonds as of such Payment Date (and following the making of all distributions on such Payment Date).

SUBORDINATION AMOUNT means, with respect to each Class of notes in the Linked Series, the amount specified as the “Subordination Amount” in the confirmation evidencing the credit default swap transaction under the applicable swap agreement that references such Class of notes, which amount, in the case of the Notes, is the Subordination Amount as defined above.

Examples of SUBORDINATION AMOUNT in a sentence

• In respect of Tranche Warrants, as soon as the aggregate of the Loss Amount and Unwind Costs for all Reference Entities subject to a Credit Event exceeds the Tranche Subordination Amount, the greater the number of Reference Entities subject to a Credit Event, the lower the Credit Event Payment Amount will be.

• That penalty applies if a taxpayer’s return reflects a “reportable transaction understatement,” which includes, among others, items attributable to “any listed transaction.”I.R.C. § 6662A(a) and (b).

• No proposed Replacement shall be effected in respect of a Series of Notes if, after giving effect to all Proposed Replacements in respect of a Replacement Criteria Date, the Adjusted Subordination Amount is less than zero, for this purpose without taking into account any minimum amount applicable to the Adjusted Subordination Amount.

• Tranche Notes are linked to the credit risk of a basket of Reference Entities; such Notes will incur principal writedowns to the extent that Event Determination Dates in relation to such Reference Entities result in Loss Amounts that exceed, in the aggregate, the applicable Tranche Subordination Amount.

• TRANCHE NOTES As described in the applicable provisions below, Tranche Notes are linked to the credit risk of a basket of Reference Entities and will incur principal writedowns to the extent that Event Determination Dates in relation to such Reference Entities result in Loss Amounts that exceed the applicable Tranche Subordination Amount.

More Definitions of SUBORDINATION AMOUNT

SUBORDINATION AMOUNT means, for any Payment Date, (A) the Aggregate Discounted Lease Balance as of the related Determination Date plus (B) the Available Amount for such Payment Date minus (C) the Outstanding Class A Principal Balance on such Payment Date (all calculated after giving effect to all payments and transfers made or to be made on such Payment Date pursuant to clauses (a)

SUBORDINATION AMOUNT. As of any Payment Date, the excess, if any, of

SUBORDINATION AMOUNT. With respect to a Class of Class A Bonds and as of -------------------- any Payment Date, the excess, if any, of (x) the aggregate Principal Balance of the Mortgage Loans in the related Group as of the close of business on the last day of the related Due Period, over (y) the Bond Principal Balance of the Bonds of such Class as of such Payment Date (and following the making of all distributions on such Payment Date).

SUBORDINATION AMOUNT means, for any Quarter, the positive difference, if any, of (i) an amount equal to the Relevant Percentage of the Operating Deficit for such Quarter, minus (ii) if the Relevant Percentage is ****%, an amount equal to ****% of the Estimated Project Tax Credits for such Quarter, and if the Relevant Percentage is ****%, an amount equal to ****% of the Estimated Project Tax Credits for such Quarter; provided, that the Subordination Amount shall not exceed the Earned Royalty for such Quarter.

SUBORDINATION AMOUNT means the amount which, but for the operation of section 3 of the Notes, providing for the subordination of the Notes to Senior Unsecured Claims, would be distributable to the Holders of Allowed Class 4 Claims.

SUBORDINATION AMOUNT means the maximum amount that the Guarantor can guaranty hereunder without violating the terms and provisions of or causing a default under either of the Existing Trident Indentures (as defined in the Credit Agreement).

SUBORDINATION AMOUNT. For any Series, the amount set forth in the related -------------------- Terms Supplement.