Excess Funded Amount definition

Excess Funded Amount has the meaning set forth in Section 4.03(c)(i).

Excess Funded Amount means, on any date of determination, the amount (if any) by which (x) the aggregate outstanding principal amount of the Advances on such date exceeds (y) the Minimum Funding Amount on such date.

Excess Funded Amount is defined in subsection 2.1D(ii).

Examples of Excess Funded Amount in a sentence

• In addition, the Financing Commitments shall be automatically and irrevocably reduced by the amount of any prepayment of Advances pursuant to Section 4.03(c)(i)(C) during the Reinvestment Period that exceeds the Excess Funded Amount.

• In addition, the Financing Commitments shall be automatically and irrevocably reduced by any amount of any prepayment of Advances pursuant to Section 4.03(c)(i)(C) during the Reinvestment Period that exceeds the Excess Funded Amount.

• In addition, the Financing Commitments shall be reduced by the amount of any prepayment of Advances pursuant to Section 4.03(c)(i)(C) during the Reinvestment Period that exceeds the Excess Funded Amount.

• In addition, the Financing Commitments shall be reduced by the amount of any prepayment of Advances pursuant to Section 4.03(c)(i)(C) that exceeds the Excess Funded Amount.

• Payments of the Priority Dividend shall be allocated first to payments of any accrued and unpaid Priority Return, and then to repayment of the outstanding principal balance of the Excess Funded Amount.

More Definitions of Excess Funded Amount

Excess Funded Amount as defined in Section 3.4 of the First Amendment.

Excess Funded Amount means an amount equal to the product of (a) the excess, if any, of (i) the Required Pool Balance as of the end of the immediately preceding day over (ii) the Pool Balance as of the end of such immediately preceding day and (b) a fraction the numerator of which is the Series 2000-1 Required Balance and the denominator of which is the aggregate of the required balances (including the Series 2000-1 Required Balance) for all Series providing for excess funding amounts or similar arrangements that are in their revolving periods or, if applicable, their amortization periods, all calculated as of the end of the immediately preceding day.

Excess Funded Amount with respect to any Series of Notes, has the meaning specified in the related Indenture Supplement.

Excess Funded Amount has the meaning specified in Section 8.8 hereof.

Excess Funded Amount for any Distribution Date prior to and including the Series 1994-1 Final Payment Date, shall mean an amount equal to the product of (a) the excess, if any, of (i) the Required Pool Balance on the day immediately prior to such Distribution Date over (ii) the Pool Balance at the end of the preceding Collection Period and (b) a fraction the numerator of which is the Series 1997-1 Required Balance and the denominator of which is the aggregate of the required balances (including the Series 1997-1 Required Balance) for all Series providing for excess funding accounts or similar arrangements that are in their revolving periods.

Excess Funded Amount for any date after the Series 1994-1 Final Payment Date, shall mean an amount equal to the product of (a) the excess, if any, of (i) the Required Pool Balance as of the end of the immediately preceding day over (ii) the Pool Balance as of the end of such immediately preceding day and (b) a fraction the numerator of which is the Series 1997-1 Required Balance and the denominator of which is the aggregate of the required balances (including the Series 1997-1 Required Balance) for all Series providing for excess funding amounts or similar arrangements that are in their revolving periods or, if applicable, their amortization periods, all calculated as of the end of the immediately preceding day.

Excess Funded Amount has the meaning given to it in Section 4.4;