Common use of Calculation of Required Amounts Clause in Contracts

Calculation of Required Amounts. The Administrative Agent shall determine, as soon as practicable after each Calculation Date, but in no event later than two Business Days preceding the immediately succeeding Payment Date, based on information known to the Administrative Agent or Relevant Information received by the Administrative Agent no later than 10:00 a.m. (New York City time) on the day after such Calculation Date setting forth the amounts required for the calculations in such clauses provided to the Administrative Agent, the Collections received during the period commencing on the close of business on the preceding Calculation Date and ending on the close of business on such Calculation Date and calculate the following amounts: (i) the balance of funds on deposit in the Accounts on the Calculation Date and the amount available under all Eligible Liquidity Facilities on such Calculation Date; (ii) the amount of Maintenance Reserves received from Lessees since the next preceding Calculation Date (less amounts transferred during such period pursuant to Section 3.04(d)) to be transferred from the Collections Account to the Maintenance Reserve Account; (iii) after giving effect to the amount calculated pursuant to Section 3.06(a)(ii) which are to be transferred pursuant to Section 3.07(k)(i) the balance of funds on deposit in the Maintenance Reserve Account and any amounts on deposit in the Maintenance Reserve Account available to be transferred to the Collections Account on such Calculation Date; (iv) the Required Expense Amount and any amount to be deposited in respect of Permitted Accruals as of such Calculation Date as set forth in the Monthly Report prepared by the Administrative Agent and provided to the Operating Bank; (v) the Available Collections on such Calculation Date (separately listing any amounts scheduled to be received from a Hedge Provider on such Payment Date) (provided that, in making such determination, the Administrative Agent may assume that any amount from a Hedge Provider to be paid on such Payment Date pursuant to any Hedge Agreement will be paid on such Payment Date); (vi) the net Segregated Funds on deposit in any Lessee Funded Account and any amounts on deposit in the Security Deposit Account available to be transferred into the Collections Account on such Calculation Date; (vii) any amounts to be transferred in respect of Eligible Liquidity Facilities under clause (iii) of Section 3.08(a) hereof, clause (iii) of Section 3.08(b) hereof or clause (iii) of Section 3.08(c) hereof; (viii) any amount to be transferred from any Aircraft Purchase Account to the Collections Account as provided in Section 3.05(b) hereof; and (ix) the Contribution Amounts, if any, made prior to such Calculation Date.

Calculation of Required Amounts. The Administrative Agent Cash Manager shall determine, as soon as practicable after each Calculation Date, but in no event later than two Business Days preceding the immediately succeeding Payment Date, based on information known to the Administrative Agent Cash Manager or Relevant Information (and, without limitation, in the case of clauses (ii) through (viii) below, a Written Notice from the Administrative Agent received by the Administrative Agent Cash Manager no later than 10:00 a.m. (New York City time) on the day after such Calculation Date setting forth the amounts required for the calculations in such clauses clauses) provided to the Administrative AgentCash Manager, the Collections received during the period commencing on the close of business on the preceding Calculation Date and ending on the close of business on such Calculation Date and calculate the following amounts: (i) the balance of funds on deposit in the Accounts on the Calculation Date, the Required Amount with respect to each Cash Collateral Account (including the Senior Cash Collateral Account) on such Calculation Date and the amount available under all Eligible Liquidity Credit Facilities on such Calculation Date; (ii) the amount of Maintenance Reserves received from Lessees since the next preceding Calculation Date (less amounts transferred during such period pursuant to Section 3.04(d)) to be transferred from the Collections Account to the Maintenance Reserve Account; (iii) after giving effect to the amount calculated pursuant to Section 3.06(a)(ii) which are to be transferred pursuant to Section 3.07(k)(i) the balance of funds on deposit in the Maintenance Reserve Account and any amounts on deposit in the Maintenance Reserve Account available to be transferred to the Collections Account on such Calculation Date; (iv) the Required Expense Amount and any amount to be deposited in respect of Permitted Accruals as of such Calculation Date as set forth in the Monthly Report prepared by the Administrative Agent and provided to the Operating Bank; (viii) the Available Collections on such Calculation Date (separately listing any amounts scheduled to be received from a Senior Hedge Provider on such Payment DatePayments, Subordinated Hedge Payments and Hedge Breakage Costs) (provided that, in making such determination, the Administrative Agent Cash Manager may assume that any amount from a Hedge Provider to be paid on such Payment Date pursuant to any Hedge Agreement will be paid on such Payment Date); (viiv) the net Segregated Funds on deposit in any Lessee Funded Account and any amounts on deposit in the Security Deposit Account available to be transferred into the Collections Account on such Calculation Date; (viiv) any amounts to be withdrawn from any Cash Collateral Account for the payment of the Interest Amount on the Outstanding Principal Balance of any class of ACS Group Securities, any Expenses or Senior Hedge Payments; (vi) any amounts to be transferred in respect of Eligible Liquidity Credit Facilities under clause (iiiiv) of Section 3.08(a) hereof, clause (iii) of Section 3.08(b) hereof or clause (iiiii) of Section 3.08(c) hereof; (viiivii) any amount to be transferred from any Aircraft Purchase Account to the Collections Account as provided in Section 3.05(b3.05(c) hereof; and (ixviii) the Contribution Amounts, if any, made prior to such Calculation Calculcation Date.

Calculation of Required Amounts. The Administrative Agent Cash Manager shall determine, as soon as practicable after each Calculation Date, but in no event later than two Business Days preceding the immediately succeeding Payment Date, based on information known to the Administrative Agent Cash Manager or Relevant Information (and, without limitation, in the case of clauses (ii), (iii), (iv), (v), (vi), (vii) and (viii) below, a Written Notice from the Administrative Agent received by the Administrative Agent Cash Manager no later than 10:00 a.m. (New York City time) on the day after such Calculation Date setting forth the amounts required for the calculations in such clauses clauses) provided to the Administrative AgentCash Manager, the Collections received during the period commencing on the close of business on the preceding Calculation Date and ending on the close of business on such Calculation Date and calculate the following amounts: (i) the balance of funds on deposit in the Accounts on the Calculation Date, the Required Amount with respect to each Cash Collateral Account (including the Senior Cash Collateral Account) on such Calculation Date and the amount available under all Eligible Liquidity Credit Facilities on such Calculation Date; (ii) the amount of Maintenance Reserves received from Lessees since the next preceding Calculation Date (less amounts transferred during such period pursuant to Section 3.04(d)) to be transferred from the Collections Account to the Maintenance Reserve Account; (iii) after giving effect to the amount calculated pursuant to Section 3.06(a)(ii) which are to be transferred pursuant to Section 3.07(k)(i) the balance of funds on deposit in the Maintenance Reserve Account and any amounts on deposit in the Maintenance Reserve Account available to be transferred to the Collections Account on such Calculation Date; (iv) the Required Expense Amount and any amount to be deposited in respect of Permitted Accruals as of such Calculation Date as set forth in the Monthly Report prepared by the Administrative Agent and provided to the Operating Bank; (viii) the Available Collections on such Calculation Date (separately listing any amounts scheduled to be received from a Senior Hedge Provider on such Payment DatePayments, Subordinated Hedge Payments and Hedge Breakage Costs) (provided that, in making such determination, the Administrative Agent Cash Manager may assume that any amount from a Hedge Provider to be paid on such Payment Date pursuant to any Hedge Agreement will be paid on such Payment Date); (viiv) the net Segregated Funds on deposit in any Lessee Funded Account and any amounts on deposit in the Security Deposit Account available to be transferred into the Collections Account on such Calculation Date; (viiv) any amounts to be withdrawn from any Cash Collateral Account for the payment of the Interest Amount on the Outstanding Principal Balance of any class of ACS Group Securities, any Expenses or Senior Hedge Payments; (vi) any amounts to be transferred in respect of Eligible Liquidity Credit Facilities under clause (iiiiv) of Section 3.08(a) hereof, clause (iii) of Section 3.08(b) hereof or clause (iiiii) of Section 3.08(c) hereof; (viiivii) any amount to be transferred from any Aircraft Purchase Account to the Collections Account as provided in Section 3.05(b3.05(c) hereof; and (ixviii) the Contribution Amounts, if any, made prior to such Calculation Calculcation Date.

Calculation of Required Amounts. The Administrative Agent Cash Manager shall determine, as soon as practicable after each Calculation Date, but in no event later than two four Business Days preceding the immediately succeeding Payment Date, based on information known to the Administrative Agent Cash Manager or Relevant Information (and, without limitation, in the case of clauses (ii), (iii), (iv), and (v) below, a Written Notice from the Financial Administrative Agent received by the Administrative Agent Cash Manager no later than 10:00 a.m. (New York City time) time on the day after such Calculation Date setting forth the amounts required for the calculations in such clauses clauses) provided to the Administrative AgentCash Manager, the Collections received during the period commencing on the close of business on the preceding Calculation Date and ending on the close of business on such Calculation Date and calculate the following amounts: (i) the balance of funds on deposit in the Accounts on the Calculation Date, the Required Amount with respect to each Cash Collateral Account on such Calculation Date and the amount available under all Eligible Liquidity Credit Facilities on such Calculation Date; (ii) the amount of Maintenance Reserves received from Lessees since the next preceding Calculation Date (less amounts transferred during such period pursuant to Section 3.04(d)) to be transferred from the Collections Account to the Maintenance Reserve Account; (iii) after giving effect to the amount calculated pursuant to Section 3.06(a)(ii) which are to be transferred pursuant to Section 3.07(k)(i) the balance of funds on deposit in the Maintenance Reserve Account and any amounts on deposit in the Maintenance Reserve Account available to be transferred to the Collections Account on such Calculation Date; (iv) the Required Expense Amount for such Payment Date and any amount to be deposited in respect of Permitted Accruals as of such Calculation Date as set forth in the Monthly Report prepared by the Administrative Agent and provided to the Operating BankDate; (viii) the Available Collections on such Calculation Date (separately listing any amounts scheduled to be received from a Senior Hedge Provider on such Payment DatePayments, Subordinated Hedge Payments and Hedge Breakage Costs) (provided that, in making such determination, the Administrative Agent Cash Manager may assume that any amount from a Hedge Provider to be paid on such Payment Date pursuant to any Hedge Agreement will be paid on such Payment Date); (viiv) the net Segregated Funds on deposit in any Lessee Funded Account and any amounts on deposit in the Security Deposit Account Funds, if any, available to be transferred into the Collections Account on such Calculation Date; (viiv) the Required Amount for any Cash Collateral Account and any amounts to be transferred in respect of Eligible Liquidity Credit Facilities under clause (iiiiv) of Section 3.08(a3.09(a) hereof, or clause (iiiii) of Section 3.08(b) hereof or clause (iii) of Section 3.08(c) hereof;3.09(b); and (viiivi) any amount to be transferred from any Aircraft Purchase Account and the Aircraft Conversion Account, to the Collections Account as provided provided, respectively, in Section 3.05(b3.05(c) hereof; and (ix) the Contribution Amounts, if any, made prior to such Calculation Dateor Section 3.04(f).

Calculation of Required Amounts. The Administrative Agent Cash Manager shall determine, as soon as practicable after each Calculation Date, but in no event later than two four Business Days preceding the immediately succeeding Payment Date, based on information known to the Administrative Agent Cash Manager or Relevant Information (and, without limitation, in the case of clauses (ii), (iii) (as it relates to clauses (ii)(B), (iii)(B) and (xi) of Section 3.09(a) and clauses (iv)(B) and (ix) of Section 3.09(b)), (iv), (vi) and (vii) below, a Written Notice from the Manager received by the Administrative Agent Cash Manager no later than 10:00 a.m. (New York City time) time on the day after such Calculation Date setting forth the amounts required for the calculations in such clauses clauses) provided to the Administrative AgentCash Manager, the Collections received during the period commencing on the close of business on the preceding Calculation Date and ending on the close of business on such Calculation Date and calculate the following amounts: (i) the balance of funds on deposit in the Accounts on the Calculation Date and the amount available under all Eligible Liquidity Credit Facilities on such Calculation Date; (ii) the amount of Maintenance Reserves received from Lessees since the next preceding Calculation Date (less amounts transferred during such period pursuant to Section 3.04(d)) to be transferred from the Collections Account to the Maintenance Reserve Account; (iii) after giving effect to the amount calculated pursuant to Section 3.06(a)(ii) which are to be transferred pursuant to Section 3.07(k)(i) the balance of funds on deposit in the Maintenance Reserve Account and any amounts on deposit in the Maintenance Reserve Account available to be transferred to the Collections Account on such Calculation Date; (iv) the Required Expense Amount for such Payment Date and any amount to be deposited in respect of Permitted Accruals as of such Calculation Date as set forth in the Monthly Report prepared by the Administrative Agent and provided to the Operating BankDate; (viii) the Available Collections on such Calculation Date (separately listing any amounts scheduled to be received from a Senior Hedge Provider on such Payment DatePayments, Subordinated Hedge Payments and Hedge Breakage Costs) (provided that, in making such determination, the Administrative Agent Cash Manager may assume that any amount from a Hedge Provider to be paid on such Payment Date pursuant to any Hedge Agreement will be paid on such Payment Date); (viiv) the net Segregated Funds on deposit in any Lessee Funded Account Funds, if any, and any amounts on deposit in the Security Deposit Account available to be transferred into the Collections Account on such Calculation DateDate as and to the extent expressly provided herein; (viiv) any amount to be transferred from the Aircraft Conversion Account to the Collections Account as provided in Section 3.04(g); (vi) the Required Amount for any Cash Collateral Account and any amounts to be transferred in respect of Eligible Liquidity Credit Facilities under clause (iiiSection 3.09(a)(iv) of or Section 3.08(a) hereof, clause (iii) of Section 3.08(b) hereof or clause (iii) of Section 3.08(c) hereof; (viii) any amount to be transferred from any Aircraft Purchase Account to the Collections Account as provided in Section 3.05(b) hereof3.09(b)(ii); and (ixvii) the Contribution Amounts, if any, made prior to such Calculation Date.

Calculation of Required Amounts. The Administrative Agent shall determine, as As soon as reasonably practicable after each Calculation Determination Date, but in no event later than two 12:00 p.m. (New York time) on the third Business Days preceding Day prior to the immediately succeeding Payment Date, the Cash Manager, based on information known to the Administrative Agent it or Relevant Information received by the Administrative Agent no later than 10:00 a.m. (New York City time) on the day after such Calculation Date setting forth the amounts required for the calculations in such clauses provided to it, shall determine the Administrative Agent, the amount of Collections received during the period commencing Collection Period ending on such Determination Date (including the amount of any investment earnings on the close Balances in the Collections Account, if any, as of business on the preceding Calculation Date such Determination Date) and ending on the close of business on such Calculation Date and shall calculate the following amounts: (i) (A) the balance Balances in the Accounts on such Determination Date, and (B) the amount of investment earnings (net of losses and investment expenses), if any, on investments of funds on deposit in the Accounts on the Calculation Date and the amount available under all Eligible Liquidity Facilities on therein during such Calculation DateCollection Period; (ii) (A) the amount of Maintenance Reserves received from Lessees since Required Expense Amount, including the next preceding Calculation Required Expense Deposit and all Expenses payable or reimbursable on such Payment Date and (less amounts transferred during such period pursuant to Section 3.04(d)B) to be transferred from the Collections Account to the Additional Maintenance Reserve AccountAmount for such Payment Date, if any; (iii) after giving effect to the amount calculated of Available Collections for such Payment Date, taking into account all transfers to be made on such Payment Date pursuant to Section 3.06(a)(ii) which are to be transferred pursuant to Section 3.07(k)(i) the balance of funds on deposit in the Maintenance Reserve Account and any amounts on deposit in the Maintenance Reserve Account available to be transferred to the Collections Account on such Calculation Date3.08; (iv) the Required Expense Amount any Liquidity Facility Expenses and any amount amounts to be deposited transferred in respect of Permitted Accruals as of the Liquidity Facility under Section 3.09(a)(iv) or Section 3.09(b)(ii) on such Calculation Date as set forth in the Monthly Report prepared by the Administrative Agent and provided to the Operating BankPayment Date; (v) the Available Collections on such Calculation Date (separately listing any amounts scheduled Senior Hedge Payments and Subordinated Hedge Payments due and payable to be received from a each Hedge Provider on such Payment Date) (provided that, in making such determination, the Administrative Agent may assume that any amount from a Hedge Provider to be paid on such Payment Date pursuant to any Hedge Agreement will be paid on such Payment Date); (vi) all other amounts required to be reported in the Monthly Report and not included on the Payment Date Schedule to be provided pursuant to Section 3.07(g) for such Collection Period; (vii) the net Segregated Funds on deposit in any Lessee Funded Account and any amounts on deposit in the Security Deposit Account Funds, if any, available to be transferred into the Collections Account on such Calculation Payment Date; (vii) any amounts to be transferred in respect of Eligible Liquidity Facilities under clause (iii) of Section 3.08(a) hereof, clause (iii) of Section 3.08(b) hereof or clause (iii) of Section 3.08(c) hereof; (viii) any amount to be transferred from any Aircraft Purchase Account to the Collections Account as provided in Section 3.05(b) hereofamounts available under all Eligible Credit Facilities on such Determination Date; and (ix) any other information, determinations and calculations reasonably required in order to give effect to the Contribution Amountsterms of this Indenture and the Related Documents, including the preparation of the Monthly Report, the Quarterly Report and Annual Report. provided that, if anythe Cash Manager has not received all of the Relevant Information for such Payment Date, made prior to such Calculation Datethe Cash Manager shall make reasonable assumptions for purposes of the calculations contemplated by this Section 3.07(a).

Calculation of Required Amounts. The Administrative Agent Cash Manager shall determine, as soon as practicable after each Calculation Date, but in no event later than two four Business Days preceding the immediately succeeding Payment Date, based on information known to the Administrative Agent Cash Manager or Relevant Information (and, without limitation, in the case of clauses (i) (as it relates to the Required Amount with respect to the Senior Cash Collateral Account (if established)), (ii), (iii) (as it relates to clauses (ii)(B), (iii)(B) and (xi) of Section 3.09(a) and clauses (iv)(B) and (ix) of Section 3.09(b)), (iv), (vi) and (vii) below, a Written Notice from the Administrative Agent received by the Administrative Agent Cash Manager no later than 10:00 a.m. (New York City time) time on the day after such Calculation Date setting forth the amounts required for the calculations in such clauses clauses) provided to the Administrative AgentCash Manager, the Collections received during the period commencing on the close of business on the preceding Calculation Date and ending on the close of business on such Calculation Date and calculate the following amounts: (i) the balance of funds on deposit in the Accounts on the Calculation Date Date, the Required Amount with respect to the Senior Cash Collateral Account (if established) and the amount available under all Eligible Liquidity Credit Facilities on such Calculation Date; (ii) the amount of Maintenance Reserves received from Lessees since the next preceding Calculation Date (less amounts transferred during such period pursuant to Section 3.04(d)) to be transferred from the Collections Account to the Maintenance Reserve Account; (iii) after giving effect to the amount calculated pursuant to Section 3.06(a)(ii) which are to be transferred pursuant to Section 3.07(k)(i) the balance of funds on deposit in the Maintenance Reserve Account and any amounts on deposit in the Maintenance Reserve Account available to be transferred to the Collections Account on such Calculation Date; (iv) the Required Expense Amount for such Payment Date and any amount to be deposited in respect of Permitted Accruals as of such Calculation Date as set forth in the Monthly Report prepared by the Administrative Agent and provided to the Operating BankDate; (viii) the Available Collections on such Calculation Date (separately listing any amounts scheduled to be received from a Senior Hedge Provider on such Payment Date) (Payments, Subordinated Hedge Payments and Hedge Breakage Costs); provided that, in making such determination, the Administrative Agent Cash Manager may assume that any amount from a Hedge Provider to be paid on such Payment Date pursuant to any Hedge Agreement will be paid on such Payment Date); (viiv) the net Segregated Funds on deposit in any Lessee Funded Account Funds, if any, and any amounts on deposit in the Security Deposit Account available to be transferred into the Collections Account on such Calculation DateDate as and to the extent expressly provided herein; (vii) any amounts to be transferred in respect of Eligible Liquidity Facilities under clause (iii) of Section 3.08(a) hereof, clause (iii) of Section 3.08(b) hereof or clause (iii) of Section 3.08(c) hereof; (viiiv) any amount to be transferred from any Aircraft Purchase Account and the Aircraft Conversion Account to the Collections Account as provided provided, respectively, in Section 3.05(b3.05(c) hereofor in Section 3.04(g); (vi) the Required Amount for any Cash Collateral Account and any amounts to be transferred in respect of Eligible Credit Facilities under Section 3.09(a)(iv) or Section 3.09(b)(ii); and (ixvii) the Contribution Amounts, if any, made prior to such Calculation Date.