General Reserve Required Amount means with respect to any Payment Date or Interim Payment Date, as the case may be, for the Series 2013-T1 Notes, an amount equal to on any Payment Date or Interim Payment Date six month’s interest calculated at the Senior Rate on the Note Balance of each Class of Series 2013-T1 Notes as of such Payment Date or Interim Payment Date, as the case may be.
General Reserve Required Amount. For each Series, the amount calculated as described in the related Indenture Supplement.
General Reserve Required Amount means with respect to any Payment Date or Interim Payment Date, as the case may be, for the Series 2013-T1 Notes, an amount equal to on any Payment Date or Interim Payment Date four (4) month’s interest calculated at the Note Interest Rate on the Note Balance of each Class of Series 2013-T1 Notes as of such Payment Date or Interim Payment Date, as the case may be.”
Examples of General Reserve Required Amount in a sentence
The boiler shall achieve a reduction efficiency of greater than or equal to 99% for liquid organics.
On each Payment Date and prior to an Enforcement Event, the Issuer Administrator will credit to the General Reserve Account an amount such that the amount standing to the credit of the General Reserve Account is equal to the General Reserve Required Amount, subject to the Available Distribution Amount and in accordance with the Pre-enforcement Priority of Payments.
At any time that the General Reserve Required Amount is reduced to zero (after all the Class A Notes have been redeemed in full), all monies released from the General Reserve Fund shall be applied first, to repay the Subordinated Loan and second, once the Subordinated Loan has been repaid in full, to form part of Available Revenue Receipts.
After the Closing Date, the General Reserve Fund will be funded up to the General Reserve Required Amount from Available Revenue Receipts and will be replenished from Available Revenue Receipts in accordance with the provisions of the Pre-Acceleration Revenue Priority of Payments.
To such end, on the Issue Date an amount equal to Euro 4,800,000 will be credited by the General Reserve Subordinated Loan Provider into the General Reserve Account as General Reserve Required Amount.
More Definitions of General Reserve Required Amount
General Reserve Required Amount has the meaning assigned to such term in the Pricing Side Letter.
General Reserve Required Amount. With respect to any Payment Date or Interim Payment Date, as the case may be, an amount equal to (i) on any Payment Date or Interim Payment Date prior to the end of the related Revolving Period, four months’ interest calculated on the Note Balance of each Class of Notes as of such Payment Date or Interim Payment Date, as the case may be; and (ii) as of any Payment Date or Interim Payment Date following the last day of the related Revolving Period, the greater of (A) two month’s interest calculated on the Note Balance of each Class of Notes immediately preceding the last day of the related Revolving Period, and (B) four months’ interest calculated on the Note Balance as of the close of business on such Payment Date or Interim Payment Date, as the case may be.
General Reserve Required Amount means with respect to any Payment Date or Interim Payment Date, as the case may be, for the Series 2012-T2 Notes, an amount equal to on any Payment Date or Interim Payment Date six month’s interest calculated at the Senior Rate on the Note Balance of each Class of Series 2012-T2 Notes as of such Payment Date or Interim Payment Date, as the case may be.
General Reserve Required Amount means, on the Closing Date and on any Calculation Date during the Revolving Period, an amount equal to 1% of the initial Class A Principal Amount and, thereafter, on any Calculation Date after the end of the Revolving Period, an amount equal to 1% of the relevant Class A Principal Amount on such Calculation Date, provided that the General Reserve Required Amount shall be at least an amount equal to 0.5% of the Class A Principal Amount as of the Closing Date until such time as the Class A Notes are redeemed in full and provided further that the General Reserve Required Amount shall be zero on the Calculation Date preceding (i) the Final Maturity Date, (ii) each Payment Date onwhich the Class A Principal Amount is zero and (iii) each Payment Date on which the Aggregate Outstanding Principal Amount is zero. See "CERTAIN DEFINITIONS — General Reserve Required Amount". Subordinated Loan PSA Bank Deutschland GmbH (the "Subordinated Loan Provider") will make available to the Issuer an interest-bearing subordinated loan (the "Subordinated Loan") in the principal amount of EUR 6,000,000 for the purpose of establishing the General Reserve. Prior to the occurrence of an Issuer Event of Default, interest under the Subordinated Loan will be payable by the Issuer monthly in arrears on each Payment Date, subject to and in accordance with the Pre-Enforcement Priority of Payments. The outstanding principal amount of the Subordinated Loan will be repaid by the Issuer from reductions of the General Reserve Required Amount in accordance with the Pre-Enforcement Priority of Payments. See "CREDIT STRUCTURE — Subordinated Loan" and "OUTLINE OF THE OTHER PRINCIPAL TRANSACTION DOCUMENTS — Subordinated Loan Agreement". Additional InterestReserveOn the Closing Date, the Issuer shall transfer to an account of the Issuer held with the Account Bank (the "Additional Interest Reserve Account") part of the excess of the proceeds from the issuance of the Notes over the Principal Component Purchase Price to be paid on the Closing Date, for an amount equal to the Additional Interest Reserve Initial Amount. Thereafter, on each Payment Date during the Revolving Period, the Issuer shall further credit the Additional Interest Reserve Account with the applicable Additional Interest Reserve Additional Amounts by debit of the General Collection Account.
General Reserve Required Amount means, on the Closing Date, an amount equal to 0.3% of the initial Class A Principal Amount and, thereafter, on any Calculation Date, an amount equal to 0.3% of the relevant Class A Principal Amount on such Calculation Date, including Further Class A Notes on the immediately following Payment Date, provided that the General ReserveRequired Amount shall be at least an amount equal to 0.15% of the highest Class A Principal Amount during the Revolving Period and provided further that the General Reserve Required Amount shall be zero on the Calculation Date preceding (i) the Final Maturity Date or (ii) each Payment Date on which the Class A Principal Amount is zero;
General Reserve Required Amount. With respect to any Payment Date or Interim Payment Date, as the case may be, an amount equal to (i) on any Payment Date or Interim Payment Date prior to the end of the related Revolving Period, four months’ interest calculated on the Note Balance of each Class of Notes as of such Payment Date or Interim Payment Date, as the case may be; and (ii) as of any Payment Date or Interim Payment Date following the last day of the related Revolving Period, the greater of (A) two month’s interest calculated on the Note Balance of each Class of Notes immediately preceding the last day of the related Revolving Period, and (B) four months’ interest calculated on the Note Balance as of the close of business on such Payment Date or Interim Payment Date, as the case may be. Gxxxx: Pledge, bargain, sell, warrant, alienate, remise, release, convey, assign, transfer, create and gxxxx x xxxx upon and a security interest in and right of set-off against, deposit, set over and confirm pursuant to this Indenture. A Grant of collateral or of any other agreement or instrument shall include all rights, powers and options (but none of the obligations) of the granting party thereunder, including the immediate and continuing right to claim for, collect, receive and give receipt for principal and interest payments in respect of such collateral or other agreement or instrument and all other moneys payable thereunder, to give and receive notices and other communications, to make waivers or other agreements, to exercise all rights and options, to bring proceedings in the name of the granting party or otherwise, and generally to do and receive anything that the granting party is or may be entitled to do or receive thereunder or with respect thereto.
General Reserve Required Amount in its entirety and replacing such definition with the following: