Reductions in the Enhancement Percentage Sample Clauses

Reductions in the Enhancement Percentage. Upon the deposit with the Custodian and Transfer to the Series 2020-1 Co-Owner of Additional Property or the issuance of additional Series 2020-1 Notes on a day, and subject in each case to the satisfaction of the Rating Agency Condition in respect of each Class of Series 2020-1 Notes on or before such day, the Enhancement Percentage of the Series 2020-1 Ownership Interest shall automatically be permanently reduced as of the next succeeding Determination Day by a fraction, expressed as a percentage, (A) the numerator of which is the sum of (x) the aggregate outstanding principal amount of the Series 2020-1 Notes to be issued on such day in connection with such reduction and which are subordinated and postponed in right of payment to the Series 2020-1 Senior Notes and the Series 2020-1 Subordinated Notes then issued and outstanding, and
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Reductions in the Enhancement Percentage. Upon the deposit with the Custodian and Transfer to the Series 2019-1 Co-Owner of Additional Property or the issuance of additional Series 2019-1 Notes on a day, and subject in each case to the satisfaction of the Rating Agency Condition in respect of each Class of Series 2019-1 Notes on or before such day, the Enhancement Percentage of the Series 2019-1 Ownership Interest shall automatically be permanently reduced as of the next succeeding Determination Day by a fraction, expressed as a percentage, (A) the numerator of which is the sum of (x) the aggregate outstanding principal amount of the Series 2019-1 Notes to be issued on such day in connection with such reduction and which are subordinated and postponed in right of payment to the Series 2019-1 Senior Notes and the Series 2019-1 Subordinated Notes then issued and outstanding, and (y) the dollar amount of any enhancements afforded by Additional Property provided in respect of the Series 2019-1 Ownership Interest in accordance with Article 5 on such day, and (B) the denominator of which is the sum of the outstanding principal amount of the Series 2019-1 Senior Notes and the Series 2019-1 Subordinated Notes on such day.
Sample 1

Related to Reductions in the Enhancement Percentage

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

  • COSTS DISTRIBUTED THROUGH COUNTYWIDE COST ALLOCATIONS The indirect overhead and support service costs listed in the Summary Schedule (attached) are formally approved as actual costs for fiscal year 2022-23, and as estimated costs for fiscal year 2024-25 on a “fixed with carry-forward” basis. These costs may be included as part of the county departments’ costs indicated effective July 1, 2024, for further allocation to federal grants and contracts performed by the respective county departments.

  • Participation Fee If your account is subject to a Participation Fee, a fee will be charged when you open an account as described on the Disclosure accompanying this Agreement.

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