Cash Release Amount definition

Cash Release Amount means on each Payment Date on and after the First Release Payment Date, the greater of:

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Cash Release Amount means on each Distribution Date during the Release Period, the portion, if any, of the Total Distribution Amount which remains after payment of (a) the Servicing Fee, (b) the Noteholders' Interest Distributable Amount, (c) the Release Period Noteholders' Principal Distributable Amount and (d) the amount, if any, required to increase the amount in the Reserve Account to the Specified Reserve Account Balance; provided that on the Last Release Distribution Date the Cash Release Amount shall equal the Initial Overcollateralization Amount less the aggregate of the Cash Release Amounts for all prior Distribution Dates.

Cash Release Amount has the meaning set forth in the Notes.

Examples of Cash Release Amount in a sentence

For purposes of this Section, the Servicing Fee for the related Payment Date and any previously unpaid Servicing Fees shall, and the Cash Release Amount to be distributed to the Holders of the Trust Certificates may, be deducted from the Total Distribution Amount at any time on or prior to the Payment Date.
No later than five Business Days following each Cash Release Date (as defined in Schedule I.4), the Buyer and the Sellers’ Representative shall deliver to the Escrow Agent a joint written instruction instructing the Escrow Agent to distribute to the Sellers’ Representative and/or to the Buyer, as the case may be, the Cash Release Amount (as defined in Schedule I.4) applicable to such Cash Release Date.
For purposes of this Section, the Servicing Fee for the related Distribution Date and any previously unpaid Servicing Fees shall, and the Cash Release Amount to be distributed to the Holders of the Trust Certificates may, be deducted from the Total Distribution Amount at any time on or prior to the Distribution Date.
For purposes of this section, the Servicing Fee for the related Distribution Date and any previously unpaid Servicing Fees shall, and the Cash Release Amount to be distributed to the Holders of the Trust Certificates may, be deducted from the Total Distribution Amount at any time on or prior to the Distribution Date.

More Definitions of Cash Release Amount

Cash Release Amount means, with respect to a Distribution Date, the amount equal to 5.5% of the Regular Principal Distribution Amount for such Distribution Date.

Cash Release Amount means (subject to any adjustments upon the grant of Additional Term Advances agreed with the Rating Agencies):

Cash Release Amount means (i) if the Company is entitled under the CLO IV CMA to receive the full CLO IV Management Fee for the entire the three month period ending on the applicable Cash Release Date, $500,000 to be paid to the Sellers’ Representative or (ii) if the Company is not entitled under the CLO IV CMA to receive the full CLO IV Management Fee for any part of such three month period ending on the applicable Cash Release Date, (A) $500,000 less the Partial Release Amount to be paid to the Buyer and (B) the Partial Release Amount to be paid to the Sellers’ Representative. Any reduction in the CLO IV Management Fee resulting from any waiver effected by or on behalf of the Company shall, unless the same is part of a settlement, compromise or consent to entry of judgment permitted by Section 7.04(d) of the Purchase Agreement, be disregarded for purposes of determining the Cash Release Amount and the Company shall be deemed to be entitled to receive such reduced amount notwithstanding such waiver.

Cash Release Amount has the meaning given to such term in Clause 15.11 (Definitions) of the Issuer/Borrower Facility Agreement;

Cash Release Amount means on each Payment Date during the Release Period, the greater of (i)(a) the Related Pool Balance times 0.955, plus (b) the excess of the Total Distribution Amount over the sum of (x) the Servicing Fee (together with any previously unpaid Servicing Fees), (y) interest due on the Notes on such Payment Date and (z) the amount, if any, required to be deposited in the Reserve Account on such Payment Date pursuant to Section 5.06, minus (c) the sum of the aggregate Outstanding Amount of the Notes and the Certificate Balance of the Overcollateralization Certificates before giving effect to payments of principal made on such Notes and Overcollateralization Certificates on such Payment Date and (ii) $0; provided that on the Last Release Payment Date the Cash Release Amount shall equal the Initial Overcollateralization Amount less the aggregate of the Cash Release Amounts for all prior Payment Dates.