Equity Cushion definition

Equity Cushion means, with respect to any Obligor and as calculated by the Servicer, the pro forma ratio of (a) the equity of such Obligor to (b) the total capitalization of such Obligor, determined as of the related Cut-Off Date.
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Equity Cushion means, with respect to any Obligor and as calculated by the Servicer, the pro forma ratio of (a) the equity of such Obligor to (b) the total capitalization of such Obligor, determined as of (i) if the related Underlying Instrument was executed within the twelve (12) months prior to the date of determination, the date on which the related Underlying Instrument was executed and (ii) if such Underlying Instrument was executed prior to the twelve (12) months prior to the date of determination, the date of the most recent financial statements of such Obligor received by the Borrower.
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Equity Cushion has the meaning specified in the Orders.
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Examples of Equity Cushion in a sentence

  • No opposition filed.Property: 15117 Oro Grand St. Sylmar, CA 91342 Property Value: $536,000Amount Owed: $409,330.08 Equity Cushion: 24% Equity: $126,669.92Post-Petition Delinquency: $8,228.63 (3 payments of $3,572.23 + $1,031.00 in attorney’s fees less suspense account or partially paid balance of$3,519.06) Movant alleges that postpetition mortgage payments due on the note secured by a deed of trust on the Property have not been made to Movant.

  • At the hearing, xxxxxxx11 U.S.C. § 362(d)(1): Existence of Apparent Equity Cushion The existence of defaults in post-petition or pre-petition payments by itself does not guarantee Movant obtaining relief from the automatic stay.

  • Property: 2014 KIA OPTIMA Property Value: $11,775.00Amount Owed: $ 8,477.25 Equity Cushion: Unk.Equity: $3,297.75Delinquency: $1,089.23 in arrears and an additional monthly payment of$358.82 due on 07/20/2021.

  • Property: 11009 Fenway Street, Los Angeles, CA 91352-1213 Property Value: $521,000 (as of October 2013)Amount Owed: $ 595,745.96 (as of 7/29/19) Equity Cushion: 0.0%Equity: $0.00.Post-confirmation Delinquency: $5,703.56 (approx.

  • Property: 8923 Lev Ave., Arleta, CA 91331Property Value: $435,000 (per debtor’s schedules) Amount Owed: $409,152 (per Proof of Claim #8-2) Equity Cushion: 0%Equity: $25,848Post-Petition Delinquency: $7,574.88 (approx.

  • No opposition filed.Property: 5647 Jumilla Avenue, Woodland Hills Area, CA 91367 Property Value: $ 915,670.00Amount Owed: $ 978,665 (Movants Claim $77,588.62) Equity Cushion: 0.0%Equity: $0.00.Post-Petition Delinquency: $10,578.85 (1 payment of $150.81 and 23 payments of $459.95) Disposition: GRANT under 11 U.S.C. 362(d)(1) with relief requested in paragraphs 2 (proceed under non-bankruptcy law); 3 (Movant permitted to engage in loss mitigation activities); and 7 (waiver of the 4001(a)(3) stay).

  • Opposition Filed.Property: 2017 Nissan Rogue 2WD (VIN # KNMAT2MT3HP608139) Property Value: $ 20,000 (per Debtor's Schedules)Amount Owed: $ 15,715.44 Equity Cushion: 21.42% Equity: $4,284.56Postpetition Delinquency: $2,169.30 (1 payment of $14.95, 2 payments of$35.27, 1 payment of $20,40 and 14 payments of $37.11).

  • No opposition filed.Property: 2018 Rancher 4x4 AT VIN: 1HFT E414 2J44 00049 Property Value: $ 5,725 (per Movant's evidence)Amount Owed: $ 10,489.01 Equity Cushion: 0.0% Equity: $0.00.Delinquency: $6886.32 Movant alleges cause for relief under 362(d)(1) due to no equity cushion, missed post-petition payments, and the car is not listed on debtor's schedules.

  • No opposition filed.Property: 7624 Atherton Lane West Hills, CA 91304 Property Value: $1,100,000.00 (per debtor’s schedules) Amount Owed: $1,891,199.21 (per RFS motion) Equity Cushion: N/AEquity: $Post-Petition Delinquency: Disposition: DENY under 11 U.S.C. 362(d)(1) and (d)(2) as MOOT.

  • Property: 2010 Toyota TundraProperty Value: $0 (per debtor’s schedules) Amount Owed: $Equity Cushion: 0.0% Equity: $0.00.Post-Petition Delinquency: $4,675 (approx.


More Definitions of Equity Cushion

Equity Cushion in Section 1.1 (Defined Terms) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: "[Intentionally Omitted]".
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Related to Equity Cushion

  • Capital Markets Debt means any debt securities or debt financing issued pursuant to an indenture, notes purchase agreement or similar financing arrangement (but excluding any credit agreement) whether offered pursuant to a registration statement under the Securities Act or under an exemption from the registration requirements of the Securities Act.

  • Consolidated First Lien Secured Debt means Consolidated Total Debt as of such date that is not Subordinated Indebtedness and is secured by a Lien on all of the Collateral that ranks on an equal priority basis (but without regard to the control of remedies) with Liens on all of the Collateral securing the Obligations.

  • Consolidated First Lien Debt means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding on such date that is secured by a first priority Lien on the Collateral.

  • Equity Contribution has the meaning assigned to such term in the Recitals to this Agreement.