Asset Pool Contribution definition

Asset Pool Contribution means, with respect to each Asset Pool, that portion of the Total Cost of such Asset Pool not funded with proceeds of a Loan. The term Asset Pool Contribution also includes all contributions previously made by Borrower as Asset Pool Equity Contributions prior to the date of this Agreement.
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Asset Pool Contribution means, with respect to each Asset Pool (or the applicable portion of an Asset Pool in connection with a Forward Flow Purchase Agreement), that portion of the Total Cost of an Asset Pool (or the applicable portion of an Asset Pool in connection with a Forward Flow Purchase Agreement) not funded with proceeds of a Loan, which, unless otherwise approved by the Lender in an Approved Borrowing Request, shall be sixty percent (60%) of such Total Cost.
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Examples of Asset Pool Contribution in a sentence

  • On the Business Day immediately preceding a Borrowing Date, the Borrower shall transfer the proceeds of the Asset Pool Contribution for the related Asset Pool to an account established in the name of Borrower but under the control of Lender (the “Disbursement Account”) net of all Purchase Expenses paid or incurred by the Borrower.

  • The actual amounts of the Loan and your Asset Pool Contribution will be determined upon final review of the related Asset Pool and a determination of the actual Total Cost of such Asset Pool at an interest rate equal to [ percent ( %)] [the sum of (a) the Base Rate and (b) percent ( %).] Your Asset Pool Equity Contribution with respect to such Asset Pool shall be percent ( %) of the Total Cost of the Asset Pool, which is not less than twenty percent (30%) thereof (unless otherwise agreed).

  • Our Asset Pool Contribution with respect to the Asset Pool will be $ , which is not less than twenty percent (20%) of the Total Cost of the Asset Pool.

  • Our Asset Pool Contribution with respect to the Asset Pool will be $ , which is [ percent ( %)] of the Total Cost of the Asset Pool.

  • Our Asset Pool Contribution with respect to the Asset Pool will be $ , which is not less than thirty percent (30%) of the Total Cost of the Asset Pool (unless otherwise agreed).

  • The actual amounts of the Loan and your Asset Pool Contribution will be determined upon final review of the related Asset Pool and a determination of the actual Total Cost of such Asset Pool at an interest rate equal to the sum of (a) the Base Rate and (b) ______ percent (___%).

  • Interest accrued on each Loan and on each Asset Pool Contribution shall be capitalized on each Distribution Date if funds are not available for payment thereof on such Distribution Date.

  • On the Business Day immediately preceding a Borrowing Date for the purchase of a portion of an Asset Pool under a Forward Flow Purchase Agreement, the Borrower shall transfer the proceeds of the Asset Pool Contribution for such portion of the Asset Pool to be purchased on such Borrowing Date to the Disbursement Account net of all Purchase Expenses paid or incurred by the Borrower with respect to such portion of the Asset Pool to be purchased on such Borrowing Date.

  • Interest accruing on each Loan, on each Asset Pool Contribution, and on each Affiliate Subordinated Loan, as applicable, shall be computed on the basis of the actual number of days elapsed in a year of three hundred and sixty (360) days and shall accrue on the outstanding principal balance of each Loan, each Asset Pool Contribution, and each Affiliate Subordinated Loan, as applicable, on a daily basis.

Related to Asset Pool Contribution

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Upper-Tier REMIC Distribution Account The trust account or accounts created and maintained as a separate trust account (or separate sub-account within the same account as the Lower-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Deutsche Bank Trust Company Americas, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2017-P7, Commercial Mortgage Pass-Through Certificates, Series 2017-P7, Upper-Tier REMIC Distribution Account” and which must be an Eligible Account.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Accumulated contributions means the sum of all

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 2.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Qualifying contribution means, with respect to a

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Nonelective Contribution means an amount contributed by a participating

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as the Upper-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2020-GC46, Commercial Mortgage Pass-Through Certificates, Series 2020-GC46, and the Uncertificated VRR Interest Owner, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.