Collateral Surplus definition

Collateral Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account plus the Collateral Indebtedness Amount over (b) the Required Collateral Amount.
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Collateral Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account plus the Collateral Invested Amount over (b) the greater of (x) the Required Collateral Amount or (y) at any time the Class B Invested Amount is greater than zero and as long as an Early Amortization Period is not in effect, at the option of the Seller (as evidenced by written instructions to the Servicer and the Trustee), such higher amount as the Seller shall specify, from time to time, in such instructions.
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Collateral Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account plus the Collateral Invested Amount over (b) the greater of (x) the Required Collateral Amount or (y) at any time the Class B Invested
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Examples of Collateral Surplus in a sentence

  • Subject to the Sections 3.6.10, 3.7.2-3.7.7 and 5.4.4, where there is a Collateral Surplus with respect to a particular Margin Requirement Account, an Account Holder may request to the Clearinghouse for the Collateral provided to be released.

  • The return of any Collateral shall be processed in accordance with the Procedures.The Account Holder may request any form of Collateral to be returned.Subject to the application of Sections 3.7.1, 3.7.2, 3.7.4-3.7.8 and Section 5.4.4, the Clearinghouse shall automatically return Cash Collateral in the event that there is a Collateral Surplus for any End of Day Margin Determination.

  • The Clearinghouse will only return Cash Collateral up to the value of the Collateral Surplus, after taking into account the return or pending return of any Collateral, in the manner and at the time set out in the Procedures.

  • Plan Trustee asserts that Barclays Bank has no amounts owed to it under the Swap Agreement.Barclays asserts, in its motion to dismiss, that Plaintiff’s objection to the Swap Claim only has merit if the use of the entirety of the Swap Collateral Surplus to set-off against deficiencies in the Repurchase Agreement was improper.51The Court has held that the setoff was, in fact, improper.

  • If, after the application of Section 5.4.4, there remains a Collateral Surplus, the Clearinghouse shall, subject to the provisions herein, provide such Collateral Surplus to the Account Holder in accordance with the provisions herein.

  • In the event of the existence of a Net ---------------------- Collateral Surplus and so long as no Default or Event of Default shall be in existence, Borrower may from time to time request and obtain from the Bank the release of the Bank's security interest in such of the Mortgage Collateral as constitutes a Net Collateral Surplus.

  • A Required Collateral Surplus Deficiency shall not have been remedied by the Cure Time.

  • The Borrower shall ensure that, on each Business Day (after giving effect to all acquisitions and dispositions of Collateral permitted under the Loan Documents, and the making, prepayment or repayment of Loans made hereunder on each applicable Business Day), no Required Collateral Surplus Deficiency shall exist.

  • Any Cash Collateral Surplus shall be applied in accordance with the Class C Supplemental Agreement.

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More Definitions of Collateral Surplus

Collateral Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account PLUS the Collateral Invested Amount over (b) the greater of (x) the Required Collateral Amount or (y) at any time the Class B Invested Amount is greater than zero and as long As a Rapid Amortization (or Early Accumulation) Period is not in effect, at the option of the Seller (as evidenced by written instructions to the Servicer and the Trustee), such higher amount as the Seller shall specify, from time to time, in such instructions.]
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Collateral Surplus means, with respect to any Distribution ------------------ Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account plus the Collateral Invested Amount over (b) the greater of (x) the ---- Required Collateral Amount or (y) at any time the Class B Invested Amount is greater than zero and as long As a Rapid Amortization (or Early Accumulation) Period is not in effect, at the option of the Seller (as evidenced by written instructions to the Servicer and the Trustee), such higher amount as the Seller shall specify, from time to time, in such instructions.]
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Related to Collateral Surplus

  • Capital Surplus has the meaning assigned to such term in Section 6.3(a).

  • Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Distributable surplus means the Gains that has been realised on a marked to market basis and is carried forward to the balance sheet at market value, arising out of appreciation on investments which is readily available for distribution to the unit holders as Income.

  • Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,

  • Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Excess Liquidation Proceeds Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(c) of this Agreement in trust for the Certificateholders, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Excess Liquidation Proceeds Reserve Account.” Any such account shall be an Eligible Account.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Debt Service Reserve Account as defined in the Depositary Agreement.

  • Common Surplus means the amount of all receipts or revenues, including assessments, rents, or profits, collected by a condominium association which exceeds common expenses.

  • Class A Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class A Floating Percentage of Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date, (b) the Class A Floating Percentage of the Reallocated Investor Finance Charge Collections and (c) the amount of funds, if any, to be withdrawn from the Reserve Account which, pursuant to subsection 4.12(d), are required to be included in Class A Available Funds with respect to such Distribution Date.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Final Collection Date means the Business Day following the termination of purchases under this Agreement on which all amounts to which the Purchasers shall be entitled in respect of Purchased Receivables and all other amounts owing to the Administrative Agent and the Purchasers hereunder and under the other Purchase Documents are paid in full.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Class B Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) the Class B Floating Percentage of the Reallocated Investor Finance Charge Collections and (b) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class B Floating Percentage of the Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • 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.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.