Enhancement Surplus definition

Enhancement Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the sum of the amount held in and available to be withdrawn from the Cash Collateral Account, the Collateral Indebtedness Amount and the Class D Investor Amount over (b) the Required Enhancement Amount.
Sample 1Sample 2Sample 3
Enhancement Surplus means, with respect to any Distribution ------------------- Date, the amount by which the Collateral Invested Amount may be reduced on such Distribution Date so that the sum of (i) the Adjusted Available Cash Collateral Amount (after giving effect to any deposits pursuant to subsection 4.09(f) for such Distribution Date), (ii) the Collateral Invested Amount (after giving effect to any reductions thereof on such Distribution Date pursuant to Section 4.08 of the Agreement) as reduced by such Enhancement Surplus and (iii) the Optional Deposit for such Distribution Date, if any, equals the Required Enhancement Amount (computed as if the Collateral Invested Amount was reduced by such Enhancement Surplus and subject to the proviso contained in the definition of Required Enhancement Amount). Algebraically, if the Required Enhancement Amount for the Distribution Date is computed pursuant to clause (i) of the definition thereof, the Enhancement Surplus shall be represented as: .135 (AIA + (CIA-X)) = ACCA + (CIA-X) where,
Sample 1Sample 2Sample 3
Enhancement Surplus means, with respect to any Distribution Date, the excess, if any, of (a) the Specified Enhancement Amount (after giving effect to any reductions made with respect to such date other than as the result of the existence of an Enhancement Surplus) over (b) the Required Enhancement Amount.
Sample 1Sample 2

Examples of Enhancement Surplus in a sentence

  • Any such deposit shall be deemed to be available in the Cash Collateral Account for purposes of calculating any Enhancement Surplus for such related Distribution Date, but shall not be included in the Available Cash Collateral Amount for such Distribution Date, but shall be included in the Available Cash Collateral Amount for the subsequent Distribution Date.

  • The inlet to the pipe will have a concrete lip set at 5614.7 ft, to maintain the water level within the wetland and prevent the wetland extent from being reduced from the proposed work.

  • Required Enhancement Amount 84,645,000.00 Enhancement Surplus 855,000.00 Available Enhancement Amount 84,645,000.00 D(7).


More Definitions of Enhancement Surplus

Enhancement Surplus shall have the meaning set forth in subsection 4.7(c)(i).
Sample 1Sample 2
Enhancement Surplus means, with respect to any Transfer Date, the excess, if any, of (a) the amount on deposit in the Cash Collateral Account, plus the Class D Invested Amount, plus the Collateral Interest (in each case after giving effect to any withdrawals, increases or reductions made with respect to such date other than as the result of the existence of an Enhancement Surplus) over (b) the Required Enhancement Amount.
Sample 1Sample 2
Enhancement Surplus means, with respect to any Distribution Date, ------------------- the amount by which the Collateral Invested Amount may be reduced on such Distribution Date so that the sum of (i) the Adjusted Available Cash Collateral Amount (after giving effect to any deposits pursuant to subsection 4.09(f) for such Distribution Date), (ii) the Collateral Invested Amount (after giving effect to any reductions thereof on such Distribution Date pursuant to Section 4.08 of the Agreement) as reduced by such Enhancement Surplus and (iii) the Optional Deposit for such Distribution Date, if any, equals the Required Enhancement Amount (computed as if the Collateral Invested Amount was reduced by such Enhancement Surplus and subject to the proviso contained in the definition of Required Enhancement Amount). Algebraically, if the Required Enhancement Amount for the Distribution Date is computed pursuant to clause (i) of the definition thereof, the Enhancement Surplus shall be represented as: .135 (AIA + (CIA-X)) = ACCA + (CIA-X) where, X = the Enhancement Surplus; AIA = the Class A Adjusted Invested Amount at the end of such Distribution Date; ACCA = the Adjusted Available Cash Collateral Amount (after giving effect to any deposit pursuant to subsection 4.09(f) or Optional Deposit on such Distribution Date); and CIA = the Collateral Invested Amount on such Distribution Date (after giving effect to any reductions thereof pursuant to Section 4.08). Algebraically, if the Required Enhancement Amount for the Distribution Date is computed pursuant to clause (ii) of the definition thereof, the Enhancement Surplus shall be represented as: $6,857,143 + 2($6,857,143 - ACCA) = ACCA + (CIA-X) where, X = the Enhancement Surplus; ACCA = the Adjusted Available Cash Collateral Amount (after giving effect to any deposit pursuant to Section 4.09(f) or Optional Deposit on such Distribution Date); and CIA = the Collateral Invested Amount on such Distribution Date (after giving effect to any reductions thereof pursuant to Section 4.08).
Sample 1
Enhancement Surplus means, as to any Distribution Date, the excess, if any, of the Collateral Interest over the Required Collateral Interest Amount at the close of business on the last day of the Related Monthly Period.
Sample 1

Related to Enhancement Surplus

  • 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.

  • Reserve Account Deficiency shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(b) of the Sale and Servicing Agreement.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Spread Account Deficiency means the excess, if any, of the Required Spread Account Amount over the Available Spread Account Amount.

  • 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 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.

  • 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.

  • Allocated Realized Loss Amount With respect to any Distribution Date and any Class of Mezzanine Certificates, the sum of (i) any Realized Losses allocated to such Class of Certificates on such Distribution Date and (ii) the amount of any Allocated Realized Loss Amount for such Class of Certificates remaining unpaid from the previous Distribution Date.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • Undercollateralization Distribution As defined in Section 4.2(g).

  • Class M-1 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class M-1 Certificates.

  • Reserve Account Amount means, for any Distribution Date, the amount on deposit in and available for withdrawal from the Reserve Account on such Distribution Date (after giving effect to all deposits to and withdrawals from the Reserve Account on the preceding Distribution Date, or, in the case of the initial Distribution Date, the Closing Date), including all interest and other income (net of losses and investment expenses) earned on such amount during the preceding Collection Period.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Class M-2 Applied Realized Loss Amount As of any Distribution Date, the sum of all Applied Realized Loss Amounts with respect to the Mortgage Loans which have been applied to the reduction of the Certificate Principal Balance of the Class M-2 Certificates.

  • 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.

  • 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.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • 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.

  • Available Reserve Account Amount means, with respect to any Distribution Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (before giving effect to any deposit to be made to the Reserve Account on such date) and (b) the Required Reserve Account 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.

  • Special Hazard Loss Amount As of any Distribution Date, an amount equal to $5,477,967.00 minus the sum of (i) the aggregate amount of Special Hazard Losses allocated solely to the Class B Certificates in accordance with Section 4.02(a) and (ii) the Special Hazard Adjustment Amount (as defined below) as most recently calculated. For each anniversary of the Cut-Off Date, the Special Hazard Adjustment Amount shall be calculated and shall be equal to the amount, if any, by which the amount calculated in accordance with the preceding sentence (without giving effect to the deduction of the Special Hazard Adjustment Amount for such anniversary) exceeds the greater of (A) the product of the Special Hazard Percentage for such anniversary multiplied by the outstanding principal balance of all the Mortgage Loans on the Distribution Date immediately preceding such anniversary, (B) twice the outstanding principal balance of the Mortgage Loan in the Trust Estate which has the largest outstanding principal balance on the Distribution Date immediately preceding such anniversary and (C) that which is necessary to maintain the original ratings on the Certificates as evidenced by letters to that effect delivered by Rating Agencies to the Master Servicer and the Trust Administrator. On and after the Cross-Over Date, the Special Hazard Loss Amount shall be zero.

  • 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.

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

  • Applied Realized Loss Amount With respect to any Distribution Date, the amount, if any, by which, the sum of (i) the Aggregate Certificate Principal Balance and (ii) the Class C Certificate Principal Balance after distributions of principal on such Distribution Date exceeds the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the Excess Overcollateralized Amount.