Excess Date definition

Excess Date means any Business Day on which there is an Excess Amount. An Excess Date shall always follow a Business Day (i) that does not have an Excess Amount or (ii) on which the Borrower has satisfied the Over-Collateralization Test by complying with clause (i) of Section 6.1.18.
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Excess Date has the meaning specified in Section 2.8(a).
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Excess Date is the first Business Day in any period of one or more consecutive Business Days as of the close of business (as defined herein) on which the Fund fails the Over-Collateralization Test.
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Examples of Excess Date in a sentence

  • On the date hereof, on each Transfer Date and on each Collateral Value Excess Date, neither the Issuer, FFCA Acquisition Corp.

  • Notwithstanding the foregoing, any transactions or other events, if any, that occurred during the period when the Waiver was in effect shall not be deemed to have violated or triggered the applicability of DGCL 203 prior to the Excess Date.

  • The Asset Value Tests (measured as of the most recent date specified in the definition of Excess Date) are fully satisfied and will be fully satisfied immediately after the making of each Loan or the issuance of Preferred Stock, as applicable.

  • By its acceptance of this Note, each Noteholder covenants and agrees, until the earlier of (a) the termination of the Revolving Period and (b) the Maturity Date, on each Transfer Date and Collateral Value Excess Date to advance amounts in respect of Additional Principal Balance hereunder to the Issuer, subject to and in accordance with the terms of the Indenture, the Sale and Servicing Agreement and the Note Purchase Agreement.

  • The prepayment premium, if applicable, shall be equal to a percentage of the excess prepayment selected as follows: Percentage Premium Applied to Excess Date of Prepayment Prepayment Amount ------------------ ------------------ Prior to 11/1/00 3.0% 11/1/00 - 10/31/01 2.0% 11/1/01 - 10/31/02 1.0% After 10/31/02 0.0% No prepayment penalty shall apply to a prepayment of the Term Note required under Section 3.1(h) or Section 5.1(k).

  • If the Fund fails the Over-Collateralization Test, then on any Excess Date the Fund, or the Adviser on behalf of the Fund, shall promptly (and in any event within three (3) Business Days) notify each Holder in writing and Fitch of such Over-Collateralization Test failure.

  • If the Fund fails the Over-Collateralization Test, then on any Excess Date the Fund, or the Adviser on behalf of the Fund, shall promptly (and in any event within three (3) Business Days) notify each Holder of the Notes in writing and Fitch of such Over-Collateralization Test failure.

  • The Depositor hereby makes to the Purchaser each of the representations, warranties and covenants set forth in Section 4.01 of the Trust and Servicing Agreement as of the Closing Date, as of each Transfer Date and as of each Purchase Value Excess Date (except to the extent that any such representation, warranty or covenant is expressly made as of another date).

  • On the date hereof, on each Transfer Date and on each Purchase Value Excess Date, neither the Trust nor the Depositor is or will be insolvent or the subject of any voluntary or involuntary bankruptcy proceeding.

  • Within fifteen (15) days following the receipt of such Operating Expense Statement (the "Expense Excess Date"), Tenant shall pay to Landlord as Additional Rent the Tenant's Proportionate Share of the Operating Expense Excess for such Operating Year.

Related to Excess Date

  • Relevant Distribution Date With respect to (a) any Significant Obligor with respect to the Trust, the Distribution Date, and (b) any Significant Obligor with respect to an Other Securitization Trust, the “Distribution Date” (or an analogous concept) under the related Other Pooling and Servicing Agreement.

  • Final Legal Distribution Date means (i) with respect to the Class AA Certificates, December 15, 2029, (ii) with respect to the Class A Certificates, December 15, 2029 and (iii) with respect to the Class B Certificates, December 15, 2025.

  • Final Withdrawal Date Has the meaning specified in the Escrow Agreement.

  • Subsequent Reset Date means the date or dates specified in the applicable Final Terms;

  • Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 4; provided, however, that if a subsequent Valuation Date occurs under Paragraph 2 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 2.

  • Current Distribution Date means a Distribution Date specified as a reference date for calculating the Expected Distributions with respect to the Certificates of any Trust as of such Distribution Date.

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2006-1 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2006-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2006-1 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2006-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2006-1 Liquidity Amount on such date and (b) the Series 2006-1 Required Liquidity Amount on such date.

  • Periodic Distribution Date means the first Business Day that is as soon as reasonably practicable occurring approximately ninety (90) days after the immediately preceding Periodic Distribution Date.

  • Distribution Determination Date means, in respect of any Distribution Period, that number of business days prior thereto as is set out in the applicable Pricing Supplement or on the face of the relevant Perpetual Security;

  • First Distribution Date Initial Certificate Principal Balance of this May 27, 2003 Certificate as of the Cut-off Date: $___________ Master Servicer: Wells Fargo Bank Mixxxxxta, National Association CUSIP: ___________ Assumed Final Distribution Date: ___________ ASSET-BACKED CERTIFICATE SERIES 2003-AC2 evidencing a fractional undivided interest in the distributions allocable to the Class M-[1][2] Certificates with respect to a Trust Fund consisting primarily of a pool of conventional one- to four-family fixed interest rate mortgage loans sold by BEAR STEARNS ASSET BACKEX SECURITIES, INC. This Certificate is payable solely from the assets of the Trust Fund, and does not represent an obligation of or interest in Bear Stearns Asset Backex Xxxxxities, Inc., the Master Servicer, the Trustee or the Securities Administrator referred to below or any of their affiliates or any other person. Neither this Certificate nor the underlying Mortgage Loans are guaranteed or insured by any governmental entity or by Bear Stearns Asset Backex Xxxxxities, Inc., the Master Servicer, the Trustee or the Securities Administrator or any of their affiliates or any other person. None of Bear Stearns Asset Backex Xxxxxities, Inc., the Master Servicer or any of their affiliates will have any obligation with respect to any certificate or other obligation secured by or payable from payments on the Certificates. This certifies that Cede & Co. is the registered owner of the Percentage Interest evidenced hereby in the beneficial ownership interest of Certificates of the same Class as this Certificate in a trust (the "Trust Fund") generally consisting of conventional first lien, fixed rate mortgage loans secured by one- to four- family residences, units in planned unit developments and individual condominium units (collectively, the "Mortgage Loans") sold by Bear Stearns Asset Backex Xxxxxities, Inc. ("BSABS"). The Mortgage Loans were sold by EMC Mortgage Corporation

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Deficit Amount has the meaning specified in Section 3.4(d).

  • Allocation Date means, with respect to any Transfer Date, the Business Day which is immediately prior to such Transfer Date.

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Application Date or "APP" means the date CLEC provides Qwest an application for service containing required information as set forth in this Agreement.

  • Distribution Date shall have the meaning set forth in Section 3(a) hereof.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Tax Distribution Date has the meaning set forth in Section 4.01(b)(i).

  • Subsequent Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within thirty (30) days of the end of a calendar quarter, then the first Subsequent Distribution Date will be the last Business Day of the month following the end of the first (1st) calendar quarter after the calendar quarter in which the Effective Date falls.

  • Reduction Date has the meaning set forth in Section 20.1B.

  • Determination Period means each period from (and including) a Determination Date to (but excluding) the next Determination Date (including, where either the Interest Commencement Date or the final Interest Payment Date is not a Determination Date, the period commencing on the first Determination Date prior to, and ending on the first Determination Date falling after, such date); and