Effective Date Interest Deposit Restriction. The meaning specified in Section 10.3(c).
Effective Date Interest Deposit Restriction. A restriction that shall be satisfied if (a) the Specified Tested Items are satisfied, (b) the sum of the deposits from the Ramp-Up Account and the Principal Collection Subaccount into the Interest Collection Subaccount as Interest Proceeds does not exceed 1.0% of the Target Initial Par Amount and (c) after giving effect to such deposit, the Adjusted Collateral Principal Amount will be greater than (or equal to) the Target Initial Par Amount.
Effective Date Interest Deposit Restriction means a restriction that will be satisfied if (a) the sum of the deposits from the Unused Proceeds Account and Principal Proceeds designated as Interest Proceeds pursuant to clause (ix) of the definition of “Interest Proceeds” does not exceed 1.0% of the Effective Date Target Par Amount and (b) the Effective Date Condition is satisfied prior to and after giving effect to such deposits and no Effective Date Ratings Confirmation Failure has occurred and is continuing.
Examples of Effective Date Interest Deposit Restriction in a sentence
An amount designated by the Collateral Manager that will be transferred from the Ramp-Up Account and the Principal Collection Subaccount into the Interest Collection Subaccount as Interest Proceeds on or before the Second Determination Date, so long as the Effective Date Interest Deposit Restriction will be satisfied prior to and after giving effect to such transfers pursuant to Section 10.2(a).