Examples of General Reserve Fund Required Amount in a sentence
PML as Administrator (on behalf of the Issuer) will fund the General Reserve Fund from part of the proceeds of the Noteholders' subscription for the Class S Notes in an amount equal to the General Reserve Fund Required Amount as at the Closing Date.
Any amount representing the General Reserve Fund Required Amount on the Closing Date will be paid into the Transaction Account (with a corresponding credit recorded to the General Reserve Fund Ledger).
General Reserve Fund The General Reserve Fund will, on the Issue Date, be funded by the proceeds from the Notes up to the General Reserve Fund Required Amount.
Key Structural Features: The general credit and liquidity structure of the transaction includes, broadly, the following elements: • availability of the General Reserve Fund, initially funded by the proceeds of the Class Z2 Notes on the Closing Date up to the "General Reserve Fund Required Amount" (being (i) prior to the earlier of (a) the first Interest Payment Date and(b) the redemption of the Rated Notes (other than the Class X1 Notes) in full, an amount equal to 2.5 per cent.
General Reserve Fund The General Reserve Fund will, on the Issue Date be funded by partof the proceeds of the X Notes and the proceeds from the Z Notes in an amount equal to the General Reserve Fund Required Amount.
The entire proceeds of the Z Notes and a proportion of the proceeds from the X Notes will be used to fund the General Reserve Fund up to the General Reserve Fund Required Amount.
The proceeds of the Z Notes and part of the proceeds of the X Notes will be used to fund the General Reserve Fund in an amount equal to the General Reserve Fund Required Amount.
The General Reserve Fund will be initially funded by the proceeds from the Notes in an amount equal to the General Reserve Fund Required Amount.
The General Reserve Fund will be funded on the Issue Date by the Available Revenue Receipts standing to the credit of the Transaction Account on the Issue Date up to the General Reserve Fund Required Amount.
After the Closing Date, the General Reserve Fund will be replenished up to the General Reserve Fund Required Amount on each Interest Payment Date up to and including the Final Redemption Date from Available Revenue Receipts in accordance with the Pre-Enforcement Revenue Priority of Payments.