Estimated Payment Amount definition

Estimated Payment Amount means (x) the aggregate balance (including Accrued Interest) of the Deposits assumed by Purchaser pursuant to Section 2.2, minus (y) the Purchase Price, each as set forth on the Draft Closing Statement as reasonably agreed upon prior to the Closing by Seller and Purchaser.

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Estimated Payment Amount shall have the meaning specified in Section 3.2.

Estimated Payment Amount. As of each Determination Date, an amount (to be calculated by the Servicer in good faith in its reasonable judgment) equal to the sum of the following: (a) the Interest, (b) the Program Fee, (c) the Facility Fee, (d) the Servicing Fee, (e) the Backup Servicer Fee, and (f) the Trustee Fee, each as estimated by the Servicer to be due and payable on the next succeeding Payment Date; provided, however, notwithstanding the foregoing, in no event without the prior written approval of the Agent shall the Estimated Payment Amount be less than the product of (i) 1.1 and (ii) the sum of the Interest, the Program Fee, the Facility Fee, the Servicing Fee, the Backup Servicer Fee and the Trustee Fee actually due and payable on the Payment Date with respect to the preceding Collection Period.

Examples of Estimated Payment Amount in a sentence

Items of proration will be handled as an adjustment to the Purchase Price and not as adjustments to the Estimated Payment Amount, unless otherwise agreed by the parties hereto.
At Closing, in consideration for the purchase of the Assets, Purchaser will assume the Assumed Liabilities and the following payment will be made: (i) if the Estimated Payment Amount is a positive amount, Seller shall pay to Purchaser an amount in U.S. dollars equal to such positive amount, or (ii) if the Estimated Payment Amount is a negative amount, Purchaser shall pay to Seller an amount in U.S. dollars equal to the absolute value of such negative amount.
Under no circumstances shall the Incentive Payment exceed the Estimated Payment Amount included in the Final Application, regardless of Measured Demand Savings and Measured Energy Savings.
On the Closing Date, Seller shall pay to Purchaser by wire transfer of immediately available Federal Funds to such account as Purchaser shall advise Seller at the Closing ("Purchaser's Account") the amount by which the aggregate balance (including Accrued Interest) of the Deposit Liabilities as of the close of business on the third business day preceding the Closing Date exceeds the Estimated Purchase Price (the "Estimated Payment Amount").
On or prior to the Closing Date, Purchaser shall evidence its acceptance of the Draft Closing Statement for purposes of calculating and payment of the Estimated Payment Amount (as defined in Section 4.3 below) by countersigning the Draft Closing Statement.

More Definitions of Estimated Payment Amount

Estimated Payment Amount has the meaning set forth in Section 2.2(b) of this Agreement.

Estimated Payment Amount means (x) the aggregate balance (including Accrued Interest) of the Deposits, minus (y) the Estimated Purchase Price, each as set forth on the Draft Closing Statement. For avoidance of doubt, the Estimated Payment Amount may be a negative amount.

Estimated Payment Amount means the amount in cash equal to (i) $57,000,000 plus (ii) the Estimated Cash Amount (or minus the Estimated Cash Amount if such amount is negative), minus (iii) the Estimated Indebtedness Amount, minus (iv) the Stay Incentive Amount, minus (v) the Labotec Amount, minus (vi) the Swap Amount, minus (vii) the Estimated Working Capital Adjustment Amount.

Estimated Payment Amount shall have the meaning set forth in Section 3.1(b). “Estimated Purchase Price” shall mean the Purchase Price as of the close of business on the date that is eight Business Days prior to the Closing Date. “Estimated Settlement Amount” shall mean, as of the close of business on the date that is eight Business Days prior to the Closing Date, the aggregate amount equal to: (a) the aggregate principal balance of, plus Accrued Interest on, the Deposits; minus

Estimated Payment Amount has the meaning set forth in Section 3.2(a)(iii).

Estimated Payment Amount means the amount by which the aggregate balance (including Accrued Interest) of the Deposit Liabilities as of the last day of the calendar month immediately preceding the Closing Date exceeds the Asset Price as of last day of the calendar month immediately preceding the Closing Date.

Estimated Payment Amount means the amount calculated pursuant to subparagraph (i) or subparagraph (ii), as applicable, of section 3.02(a).