Asset Pool Equity Contribution definition

Asset Pool Equity 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 ten percent (10%) of such Total Cost.
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Asset Pool Equity 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, which, unless otherwise approved by the Lender in an Approved Borrowing Request or otherwise approved in writing, shall in no event be less than thirty percent (30%) of such Total Cost for any Asset Pool funded with proceeds of a Loan after the date hereof.
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Asset Pool Equity 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, which, unless otherwise approved by the Lender in an Approved Borrowing Request, shall in no event be less than twenty percent (20%) of such Total Cost.
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Examples of Asset Pool Equity Contribution in a sentence

  • 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 to the Lender the Borrower's Asset Pool Equity Contribution for such portion of the Asset Pool to be purchased on such Borrowing Date 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 Equity 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, on each Asset Pool Equity Contribution and on each Affiliate Subordinated Loan, as applicable, on a daily basis.

  • Interest accruing on each Loan and on each Asset Pool Equity Contribution, 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 and on each Asset Pool Equity Contribution, as applicable, on a daily basis.

  • A list of these evaluators is located on our website at www.mih.ohio.gov Program Audit: If funded for Year II, agencies must include the cost for a program audit.

  • Our Asset Pool Equity Contribution with respect to the Asset Pool will be $______________, which is ten percent (10%) of the Total Cost of the Asset Pool.

  • On the Business Day immediately preceding a Borrowing Date, the Borrower shall transfer to the Lender the Borrower's Asset Pool Equity Contribution for the related Asset Pool, net of all Purchase Expenses paid or incurred by the Borrower.

  • On the Business Day immediately preceding a Borrowing Date, the Borrower shall transfer to the Lender the Borrower’s Asset Pool Equity Contribution for the related Asset Pool, net of all Purchase Expenses paid or incurred by the Borrower.

  • 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 (20%) thereof.

  • 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 to the Lender the Borrower’s Asset Pool Equity Contribution for such portion of the Asset Pool to be purchased on such Borrowing Date 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 accrued on each Loan and on each Asset Pool Equity Contribution shall be compounded on each Distribution Date if funds are not available for payment thereof on such Distribution Date.


More Definitions of Asset Pool Equity Contribution

Asset Pool Equity Contribution means, with respect to each Asset Pool, that portion of the Total Cost of an Asset Pool not funded with proceeds of a Loan, which, unless otherwise approved by the Lender in an Approved Borrowing Request, shall in no event be less than ten percent (10%) of such Total Cost.
Sample 1Sample 2
Asset Pool Equity 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 the proceeds of a Loan, which, unless otherwise approved by the Lender in an Approved Borrowing Request, shall be (i) ten percent (10%) of such Total Cost in the case of an Asset Pool (or portion thereof) funded with the proceeds of a Pre-Amendment Loan and (ii) thirty percent (30%) of such Total Cost in the case of an Asset Pool (or portion thereof) funded with the proceeds of a Post-Amendment Loan."
Sample 1
Asset Pool Equity Contribution means, with respect to each Asset Pool, that portion of the Total Cost of an Asset Pool not funded with proceeds of a Loan.
Sample 1

Related to Asset Pool Equity Contribution

  • Asset Pool means a pool of cash-flow generating assets in which an issuer of a securitized product has a direct or indirect ownership or security interest;

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate amount of Net Cash Proceeds received by the Borrower or a Restricted Subsidiary in connection therewith that are not applied to prepay the Term Loans as a result of the delivery of a Reinvestment Notice.