Excess Reserve Amount definition

Excess Reserve Amount means, on any date, the excess (if any) of:

Excess Reserve Amount. With respect to any Payment Date, the excess, if any, of the amount on deposit in the Reserve Account over the Required Reserve Account Amount.

Excess Reserve Amount. With respect to any Payment Date, the lesser of (i) the excess, if any, of the Outstanding Reserve Amount (after application of the Principal Collections and any Liquidation Loss Distribution Amounts for such Payment Date) with respect to that Payment Date over the Reserve Amount Target and (ii) the Principal Collections for that Payment Date.

Examples of Excess Reserve Amount in a sentence

• In the case of a decrease, the amount of any such decrease shall be deemed to be part of the Excess Reserve Amount.

• If the Excess Reserve Amount is not positive, then Purchaser shall have no obligation to make any payment, or cause Xxxxxx Xxxxxx to make any payment, to Seller pursuant to this Section 7.19.

• Such amount requested [equals the Excess Reserve Amount] [If cash on deposit in the Debt Service Reserve Account is less than the Excess Reserve Amount: does not exceed the Excess Reserve Amount] in accordance with Section 2.19(d)(iii).

• NET MONTHLY EXCESS CASH FLOW: For any Payment Date, the sum of (i) the excess, if any, of (a) interest collections for that Payment Date over (b) the amount payable to the notes in respect of interest as provided in "Priority of Payments--Interest" below and (ii) the Excess Reserve Amount for that Payment Date.

• To the extent there is any Excess Reserve Amount, such Excess Reserve Amount shall be paid to the Senior Agent as a supplemental distribution on account of the Senior Agent Administrative Claim only upon the completion of the administration of the relevant reserves as determined by the Liquidating Trustee.

More Definitions of Excess Reserve Amount

Excess Reserve Amount has the meaning set forth in Section 7.19.

Excess Reserve Amount shall have the meaning assigned to such term in Section 3.1(d).

Excess Reserve Amount means the amount, if any, by which (i) the Cash reserves established and funded under the Plan (except for the MGUS Reserve and the Non- MGUS Reserve) exceed the amount of Distributions required to be paid under the Plan in respect of Allowed Claims from such reserves and (ii) the Cash funded into the Liquidating Trust Fund on the Effective Date pursuant to the Wind Down Budget exceeds the final amount of Liquidating Trust Expenses.

Excess Reserve Amount has the meaning set forth in the Senior Term Loan Agreement.

Excess Reserve Amount shall have the meaning assigned to such term in Section 2.19(d)(iii)(A).

Excess Reserve Amount has the meaning set forth in Section 6(d) of this Agreement.

Excess Reserve Amount means an amount (which may be positive or negative) equal to (x) $12,000,000 less (y) an amount obtained by subtracting (i) the amount of excess reserves of the Company and its consolidated subsidiaries as of immediately prior to the Effective Time, as determined in accordance with the Accounting Principles and the illustrations set forth in the Accounting Schedule from (ii) $35,200,000.