Cash Reserve Required Amount definition

Cash Reserve Required Amount means, on any day (i) after the occurrence of a Cash Reserve Event, [*] of the Investment on such day, and (ii) on any other day, 1.0% of the Investment on such day;

Cash Reserve Required Amount means, on any day the sum of (a) after the occurrence and during the continuation of a Cash Reserve Event, [**] of the Investment on such day, and (b) on any other day, 1.0% of the Investment on such day;

Cash Reserve Required Amount means, as of any date of determination, an amount equal to the total projected amount of interest and fees (including any fees payable to the Mandated Lead Arranger and Program Manager and Independent Valuation Expert as advised in writing to the Administrative Agent from time to time by the Mandated Lead Arranger and Program Manager and the Independent Valuation Expert, in each case in an amount acceptable to the Administrative Agent) due under this Credit Agreement for the six-month period following such date, and such amount shall be based upon the Credit Exposure as of such date of determination (after giving effect to any reductions to the Credit Exposure on such date).

Examples of Cash Reserve Required Amount in a sentence

• On any Payment Date, the Issuer will be required to pay an amount into the Cash Reserve, in terms of the Priority of Payments, up to the Cash Reserve Required Amount.

• On the Closing Date, funds in an amount equal to the Cash Reserve Required Amount, plus an additional sum in the amount of $28,127,164.94.

• On each Payment Date on which the Pre Enforcement Priority of Payments is applied, to the extent there are Issuer Available Funds applicable for that purpose, the Cash Reserve Account will be credited with an amount equal to the Cash Reserve Required Amount on such Payment Date in accordance with the Pre Enforcement Priority of Payments.

• The Cash Reserve Required Amount will thereafter remain in the Cash Reserve Account at all times, subject to the provisions of this Agreement and the other Transactions Documents.

• Subject to the sufficiency of funds available to the Issuer for such purpose and the Pre-Enforcement Priority of Payments, the Issuer shall at all times maintain an amount in the Cash Reserve Account equal to the Cash Reserve Required Amount.

• On each Settlement Date, part of the proceeds of the Class J Notes Additional Subscription Payments shall be transferred from the Payments Account into the Cash Reserve Account to bring the Cash Reserve Amount up to (but not exceeding) the Cash Reserve Required Amount.

• The solution design consists of an overarching framework that combines the CAMOs. The reflection will clarify if the design principle is included in the solution design and if the design principle can be proved.

• If the Cash Reserve Amortisation Conditions are not met, the Cash Reserve Required Amount shall be equal to the Cash Reserve Amount.

• Subject to the sufficiency of funds available to the Issuer for such purpose and the Pre Enforcement Priority of Payments, the Issuer shall at all times maintain an amount in the Cash Reserve Account equal to the Cash Reserve Required Amount.

• The positive difference, if any, between the Cash Reserve Outstanding Amount and the Cash Reserve Required Amount, as calculated in respect of any Payment Date, will be utilised by the Issuer to redeem, pari passu and pro rata, on such Payment Date, the Class C Notes.

More Definitions of Cash Reserve Required Amount

Cash Reserve Required Amount means, with reference to each Payment Date during the Revolving Period, an amount equal to Euro 127,000,000 and, with reference to each Payment Date during the Amortisation Period, an amount equal to 2% of the Principal Outstanding Amount of the Senior Notes on the Calculation Date immediately preceding such Payment Date, provided that the Cash Reserve Required Amount will be equal to 0 (zero) on the earlier of (a) the Calculation Date on which the Calculation Agent issues a Payments Report stating that on the immediately following Payment Date the Issuer Available Funds are sufficient to repay in full on such Payment Date the Senior Notes,

Cash Reserve Required Amount means, with reference to each Payment Date, an amount equal to 2% of the Principal Outstanding Amount of the Senior Notes on the Calculation Date immediately preceding such Payment Date, provided that the Cash Reserve Required Amount will be equal to 0 (zero) on the earlier of (a) the Calculation Date on which the Calculation Agent issues a Payments Report stating that on the immediately following Payment Date the Issuer Available Funds are sufficient to repay in full on such Payment Date the Senior Notes, (b) the Final Maturity Date, (c) the date on which the Representative of the Noteholders has delivered a Trigger Notice to the Issuer. Cash Trapping Condition andAdditional Cash Reserve Prior to the service of a Trigger Notice and for as long as theSenior Notes are outstanding, the Cash Trapping Condition occurs when the Default Ratio is higher than 8%. Pursuant to the Cash Allocation, Management and Payments Agreement, upon occurrence of the Cash Trapping Condition, the Issuer shall open with the Account Bank an additional account (the “Additional Cash Reserve Account”) for the deposit of the residual Issuer Available Funds, if any, after satisfaction of the payments under items from First to Tenth (included) of the Pre Enforcement Priority of Payments. Amounts standing to the credit of the Additional Cash Reserve Account will be used on each Payment Date prior to the delivery of a Trigger Notice and for as long as the Senior Notes are outstanding, together with the other Issuer Available Funds for making the payments under items from First to Tenth (included) of the Pre Enforcement Priority of Payments.

Cash Reserve Required Amount means $100,000,000, together with any other amounts on deposit in the Cash Reserve Account (and related Permitted Investments) from time to time required to satisfy the Permitted Loan Balance.

Cash Reserve Required Amount means in respect of any date, an amount equal to:

Cash Reserve Required Amount means the lesser of (A) $51,000,000 and (B) 20% of the Loan Amount at any time outstanding, together with any other amounts on deposit in the Cash Reserve Account (and related Permitted Investments) from time to time required to satisfy the Permitted Loan Balance.