Applicable PA Amount Reduction definition

Applicable PA Amount Reduction means the applicable amount set forth in the table below based on a Seller Parent Guarantor’s Accepted Agency Rating, if any:6 Credit Rating Applicable PA Amount Reduction Accepted Agency Rating: BBB+ or higher from S&P Baa1 and higher from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Seventy-Five Million Dollars ($75,000,000)] BBB from S&P Baa2 from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Sixty-Two Million 4 NTD: Amount to equal Expected Capacity multiplied by $100,000/MW. 5 NTD: Amount to equal Expected Capacity multiplied by $200,000/MW.
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Applicable PA Amount Reduction means the applicable amount set forth in the table below based on a Seller Parent Guarantor’s Accepted Agency Rating, if any:7 Credit Rating Applicable PA Amount Reduction Accepted Agency Rating: BBB+ or higher from S&P Baa1 and higher from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Seventy-Five Million Dollars ($75,000,000)] BBB from S&P Baa2 from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Sixty-Two Million Five Hundred Thousand Dollars ($62,500,000)] 4 NTD: Amount to equal $2.5 million plus (Expected Capacity multiplied by $15,000/MW), up to a maximum of $4 million. 5 NTD: Amount to equal Expected Capacity multiplied by $100,000/MW. 6 NTD: Amount to equal Expected Capacity multiplied by $200,000/MW.
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Applicable PA Amount Reduction means the applicable amount set forth in the table below based on a Seller Parent Guarantor’s Accepted Agency Rating, if any:11 6 NTD: Amount to equal $2.5 million plus (Expected Capacity multiplied by $15,000/MW), up to a maximum of $4 million. 7 NTD: Amount to equal Expected Capacity multiplied by $100,000/MW. 8 NTD: Insert if the Facility is a developmental resource. 10 NTD: Amount to equal Expected Capacity multiplied by $200,000/MW.
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More Definitions of Applicable PA Amount Reduction

Applicable PA Amount Reduction means the applicable amount set forth in the table below based on a Seller Parent Guarantor’s Accepted Agency Rating, if any:8 Credit Rating Applicable PA Amount Reduction Accepted Agency Rating: BBB+ or higher from S&P Baa1 and higher from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Seventy-Five Million Dollars ($75,000,000)] BBB from S&P Baa2 from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Sixty-Two Million Five Hundred Thousand Dollars ($62,500,000)] 5 NTD: Amount to equal $2.5 million plus (Expected Capacity multiplied by $15,000/MW), up to a maximum of $4 million. 6 NTD: Amount to equal Expected Capacity multiplied by $100,000/MW. 7 NTD: Amount to equal Expected Capacity multiplied by $200,000/MW. 8 NTD: The “maximum reduction” for each rung in the table is based on the potential Portfolio Exposure as described in the RFP documents. For each row except the last row, the maximum “up to” Applicable PA Amount Reduction will be determined by deducting the Portfolio Exposure from the dollar amount shown in the righthand column for such row. BBB- from S&P Baa3 from Moody’s 50% of the Applicable PA Amount, up to a maximum reduction of [Fifty Million Dollars ($50,000,000)] No Accepted Agency Rating and: Seller or Seller Parent Guarantor is deemed acceptable by Buyer in its sole and absolute discretion 50% of the Applicable PA Amount, up to a maximum reduction of [Fifty Million Dollars ($50,000,000)] Seller and Seller Parent Guarantor are not deemed acceptable by Buyer in its sole and absolute discretion Zero Dollars ($0) [As of the Effective Date, the Applicable PA Amount Reduction is [ ].9]
Sample 1Sample 2
Applicable PA Amount Reduction means the applicable amount set forth in the table below based on a Seller Parent Guarantor’s Accepted Agency Rating, if any:8 Credit Rating Applicable PA Amount Reduction Accepted Agency Rating: BBB+ or higher from S&P Baa1 and higher from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Seventy-Five Million Dollars ($75,000,000)] BBB from S&P Baa2 from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Sixty-Two Million Five Hundred Thousand Dollars ($62,500,000)] BBB- from S&P Baa3 from Xxxxx’x 50% of the Applicable PA Amount, up to a maximum reduction of [Fifty Million Dollars ($50,000,000)] No Accepted Agency Rating and: Seller or Seller Parent Guarantor is deemed acceptable by Buyer in its sole and absolute discretion 50% of the Applicable PA Amount, up to a maximum reduction of [Fifty Million Dollars ($50,000,000)] Seller and Seller Parent Guarantor are not deemed acceptable by Buyer in its sole and absolute discretion Zero Dollars ($0)
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Related to Applicable PA Amount Reduction

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Declined Amount as defined in Section 2.12(e).

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Senior Reduction Amount With respect to any Payment Date is either:

  • Applicable Prepayment Percentage means, at any time, 75%; provided that, if at any time the Consolidated First Lien Net Leverage Ratio as of the last day of the fiscal year for which the Applicable Prepayment Percentage is calculated (as set forth in an officer’s certificate delivered pursuant to Section 9.01(e) for such fiscal year) is (i) less than or equal to 3.00:1.00 and greater than 2.50:1.00, the Applicable Prepayment Percentage shall instead be 50%, (ii) less than or equal to 2.50:1.00 and greater than 2.00:1.00, the Applicable Prepayment Percentage shall instead be 25% and (ii) less than or equal to 2.00:1.00, the Applicable Prepayment Percentage shall instead be 0%.

  • Principal Allocation Percentage means, with respect to any day during a Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Series Adjusted Invested Amount for Series 2022-2 as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Initial Invested Amount) and (b) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the Series Adjusted Invested Amount for Series 2022-2 as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the product of (x) the sum of (i) the total amount of Principal Receivables in the Trust as of the last day of the immediately preceding Monthly Period (or with respect to the first Monthly Period, the total amount of Principal Receivables in the Trust as of the Closing Date) and (ii) the principal amount on deposit in the Special Funding Account as of such last day (or with respect to the first Monthly Period, the Closing Date) and (y) the Series 2022-2 Allocation Percentage as of the last day of the immediately preceding Monthly Period; provided, however, that with respect to any Monthly Period in which an Addition Date for an Aggregate Addition or a Removal Date occurs the amount in (x)(i) above shall be (1) the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period for the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (2) the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date or Removal Date for the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period; and provided further, that if after the commencement of the Controlled Accumulation Period a Pay-Out Event occurs with respect to another Series that was designated in the Supplement therefor as a Series that is a “Paired Series” with respect to Series 2022-2, the Transferor may, by written notice delivered to the Trustee and the Servicer, designate a different numerator for the foregoing fraction, provided that (x) such numerator is not less than the Adjusted Invested Amount as of the last day of the revolving period for such Paired Series, (y) the Transferor shall have received written notice from each Rating Agency that the Rating Agency Condition has been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee and (z) the Transferor shall have delivered to the Trustee an Officer’s Certificate of such Transferor to the effect that, based on the facts known to such officer at such time, in the reasonable belief of such Transferor, such designation will not cause a Pay-Out Event or an event that, after the giving of notice or the lapse of time, would constitute a Pay-Out Event, to occur with respect to Series 2022-2.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.