Cash Waterfall definition

Cash Waterfall means the order of priority for application of amounts withdrawn from the Offshore Proceeds Accounts and the Onshore Working Capital Accounts as set out in clause 21.2 (Withdrawals — No Default Outstanding) of this Agreement.
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Cash Waterfall has the meaning set forth in the Intercreditor Agreement.
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Cash Waterfall has the meaning given to it in Clause 26.5(b).
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Examples of Cash Waterfall in a sentence

  • The funding of the Debt Service Reserve Account shall continue in accordance with the Cash Waterfall until the Discharge Date.

  • If the Facility Agent receives a payment for application against amounts due in respect of any Finance Documents that is insufficient to discharge all the amounts then due and payable by an Obligor under those Finance Documents, the Facility Agent shall apply that payment towards the obligations of that Obligor under those Finance Documents in accordance with the Cash Waterfall.

  • Cabinet has approved the implementation of the Cash Waterfall Mechanism (CWFM), which, together with the Energy Legacy Debt restructuring programme, is intended to resolve the perennial cash flow difficulties in the energy sector.

  • These include the Cash Waterfall Mechanism (CWM) and a monitoring regime.

  • In order to address the chronic debt challenges and to facilitate equitable distribution of all cash collected in the power sector value chain using the end user tariff as a basis, the Cash Waterfall Mechanism (CWM) concept was instituted in 2016.

  • Under certain of the Project Loan Documents, upon the occurrence of an event of default, a Project Debtor may be required to allocate all revenues to repayment of outstanding indebtedness or may lose the right to allocate revenues in accordance with the Cash Waterfall Provisions or otherwise without the prior consent of the Project Lenders.

  • Cash shall be transferred to the DSRA in accordance with the Cash Waterfall.

  • Speaker, in order to address the chronic financial challenges and effect an equitable distribution of sector revenues, on 1st April, 2020, Government implemented a Cash Waterfall Mechanism (CWM) and monitoring regime.

  • Cash Waterfall Mechanism: The CWM implemented in April 2020 was modelled on Utilities’ percentage share of the current End User Tariff (EUT).

  • The project will support targeted pest management measures for improved agricultural and livestock practices.


More Definitions of Cash Waterfall

Cash Waterfall means the waterfall of payments set out in Clause 13.2 (Cash Waterfall).
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Cash Waterfall has the meaning ascribed to it in Clause 13.2(b) (Withdrawals from the Issuer Bank Account).
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Cash Waterfall means the order of priority of withdrawals and payments from the Operating Account set out in the [Onshore/Offshore] Accounts Agreement.
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Related to Cash Waterfall

  • Available Reserve Account Amount means, for any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account (after taking into account any interest and earnings retained in the Reserve Account pursuant to Section 4.10(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.4(a)(ix) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • 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.

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Collateral Amount means, as of any date of determination, an amount equal to the excess of (a) the Initial Collateral Amount, over (b) the sum of (i) the amount of principal previously paid to the Series 2012-1 Noteholders (other than any principal payments made from funds on deposit in the Spread Account), (ii) reductions in the Collateral Amount pursuant to Section 4.4(f), (iii) the Principal Accumulation Account Balance, and (iv) the excess, if any, of the aggregate amount of Investor Charge-Offs and Reallocated Principal Collections over the reimbursements of such amounts pursuant to Section 4.4(a)(vii) prior to such date.

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).