Buydown Amount definition

Buydown Amount has the meaning set forth in Section 5(c) hereof.
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Buydown Amount means amounts held in the Operating Account to the extent not applied to Obligations under this Agreement.
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Buydown Amount shall have the meaning set forth in Section 9(d) of the Agreement.
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Examples of Buydown Amount in a sentence

  • The Buydown Amount shall be held as unsegregated cash margin and collateral for all Obligations under this Agreement.

  • Without limiting the generality of the foregoing, in the event that a Margin Call or other Default exists, the Buyer shall be entitled to use any or all of the Buydown Amount and to withdraw such amount from the Operating Account in Buyer’s sole discretion to cure such circumstance or otherwise exercise remedies available to the Buyer without prior notice to, or consent from, Seller.

  • Without limiting the generality of the foregoing, in the event that a Margin Call or other Default or an Event of Default exists, the Buyer shall be entitled to use any or all of the Buydown Amount and to withdraw such amount from the Operating Account in Buyer’s sole discretion to cure such circumstance or otherwise exercise remedies available to the Buyer without prior notice to, or consent from, Seller.

  • Any amount by which, after such review and approval, the original total principal amount of the Notes exceeds the revised total principal amount of the Notes is the “Buydown Amount.” The Company shall prepay the Notes in the aggregate amount of the Buydown Amount within 30 days of notification from the Required Holders (in consultation with the Independent Engineer) that the Company’s re-calculation has been approved by the Required Holders (in consultation with the Independent Engineer).

  • Within two (2) Business Days’ receipt of written request from Seller, and provided no Margin Call or other Default exists, Buyer shall remit any portion of such Buydown Amount back to Seller.

  • Within [***] receipt of written request from Seller, and provided no Margin Call or other Default or an Event of Default exists, Buyer shall withdraw any portion of such Buydown Amount from the Operating Account and promptly remit such amount back to Seller.

  • Within two (2) Business Days’ receipt of written request from Seller, and provided no Margin Call or other Default exists, Buyer shall withdraw any portion of such Buydown Amount from the Operating Account and remit such amount back to Seller.

  • Final Completion does not occur on or prior to the Date Certain (including upon payment of the Buydown Amount, in the event payment of the Buydown Amount will result in Final Completion being achieved).

  • Without limiting the generality of the foregoing, in the event that a Margin Call or other Default exists, the Buyer shall be entitled to use any or all of the Buydown Amount to cure such circumstance or otherwise exercise remedies available to the Buyer without prior notice to, or consent from, Seller.

  • No later than 5 days after the prepayment by the Company to the Holders of the Buydown Amount, the Company shall deliver to each Holder a revised Amortization Schedule reflecting the amortization of the aggregate principal amount of Notes remaining outstanding through the Maturity Date.


More Definitions of Buydown Amount

Buydown Amount is defined in Section 9.20.
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Buydown Amount has the meaning given in Section 5.20.
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Buydown Amount means any payment received under a Material Project Document or Material Project Document (Project Company) (including upon termination thereof), the application of which is not specifically addressed in this Agreement, which constitutes a non-recurring payment (lump sum or otherwise) in compensation for permanently lost future revenues for a period of time, but excluding, for greater certainty, the proceeds of business interruption insurance, delay liquidated damages, or damages in respect of amounts payable to third parties.
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Buydown Amount means, with respect to any Substantially Completed Project, the aggregate principal amount of all Project Debt with respect to such Substantially Completed Project required to be prepaid upon the occurrence of a Southern Event of Default or the Buydown Date for such Substantially Completed Project pursuant to Sections 2.09(b)(i)(B) and 2.09(b)(ii)(B), respectively, in each case, so as to result in the minimum and average Portfolio Adjusted Base Case Projections, calculated on the assumptions that (a) all Recourse Debt of the Borrower Group Members (other than Recourse Debt incurred with respect to Uncompleted Plants) outstanding immediately after such prepayment is repaid in full on or prior to the end of the Remaining Base Case Period; and (b) all liquidated damages for completion of such Substantially Completed Project at a reduced capacity from that contracted for under each Power Purchase Agreement for such Substantially Completed Project which are then payable or which, after the date of determination, would become payable as a result thereof (in each case, calculated by reference to the performance of such Substantially Completed Plant, as certified by Southern to the Agent for purposes of its Substantial Completion), are paid in full when due. If on any date the Buydown Amount for more than one Substantially Completed Project is to be calculated, for purposes of calculating the Buydown Amount for each such Substantially Completed Project, all other Substantially Completed Projects shall be deemed to be Uncompleted Projects.
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Buydown Amount and “Change in Control” in their entirety and replacing them with the following:
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Buydown Amount means the difference between (a) the Subject Swap Exposure and (b) the Adjusted Exposure Level.
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Related to Buydown Amount

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

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

  • Aggregate Funded Spread As of any Measurement Date, the sum of: (a) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) that bears interest at a spread over a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Notes (including, for any Permitted Deferrable Obligation, only the excess of the required current cash pay interest required by the Underlying Documents thereon over the applicable index and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation), (i) the stated interest rate spread paid in Cash on such Collateral Obligation above such index multiplied by (ii) the Principal Balance of such Collateral Obligation; provided that (i) with respect to any Floor Obligation, the stated interest rate spread paid in Cash on such Collateral Obligation over the applicable index shall be deemed to be equal to the sum of (x) the stated interest rate spread paid in Cash over the applicable index and (y) the excess, if any, of the specified “floor” rate relating to such Collateral Obligation over the greater of zero and the applicable index and (ii) the interest rate of each Step-Up Obligation will be deemed to be its current rate of interest and the interest rate of each Step-Down Obligation will be deemed to be the lowest rate of interest that such Collateral Obligation will by its terms pay in the future solely as a function of the passage of time; and (b) in the case of each Floating Rate Obligation (including, for any Permitted Deferrable Obligation, only the required current cash pay interest required by the Underlying Documents thereon and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation) that bears interest at a spread over an index other than a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Notes, (i) the excess of (x) the sum of such spread and the greater of such index or any applicable floor paid in Cash over (y) the Benchmark applicable to the Floating Rate Notes as of the immediately preceding Interest Determination Date (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;