Guaranteed Payment definition

Guaranteed Payment for each Class of Notes and any Payment Date means the sum of (i) the related Guaranteed Principal Payment Amount plus (ii) the related Aggregate Investor Interest for the Payment Date.

Guaranteed Payment means, for each Lease that is a TRAC Lease included in the Series 2014-1 SUBI, the amount fixed by the related Obligor and the Titling Trust, at the inception of such Lease to be owed by the related Obligor to the lessor at the expiration of the term of such Lease.

Guaranteed Payment for any Payment Date means the sum of (i) the Guaranteed Principal Payment Amount plus (ii) the amount to be distributed to the Holders of the Notes pursuant to Section 8.03(a)(ii) for the Payment Date. "Guaranteed Principal Payment Amount" o for the Notes o on their Scheduled Maturity Date, o means the excess of the outstanding Note Principal Balance (after giving effect to Interest Collections allocable and distributable as principal on the Notes on the Payment Date) over the sum of the amounts on deposit in the Collection Account available to be distributed to the Holders pursuant to Section 8.03(b); o on any Payment Date on or before the Available Transferor Subordinated Amount first increases to zero, o means, if the Available Transferor Subordinated Amount for that Payment Date is less than the highest Available Transferor Subordinated Amount for any preceding Payment Date, is the amount of the excess of the highest Available Transferor Subordinated Amount for any preceding Payment Date over the Available Transferor Subordinated Amount for the current Payment Date; o on any Payment Date after the Available Transferor Subordinated Amount has first increased to zero, o means, if the Available Transferor Subordinated Amount has been reduced to zero or below, the excess of the Note Principal Balance (after giving effect to the distributions of Interest Collections and Principal Collections that are allocable to principal on the Notes on the Payment Date) over the Loan Balance (at the end of the related Collection Period); and o for the Notes on any other Payment Date means zero.

Examples of Guaranteed Payment in a sentence

• The Indenture Trustee shall deposit any amount paid under the Policy in the Policy Payments Account and distribute the amount only to pay Holders of the Notes the Guaranteed Payment for their Class of Notes for which a claim was made.

• The Indenture Trustee shall deposit any amount paid under the Policy in the Policy Payments Account and distribute the amount only to pay Holders of the Notes the Guaranteed Payment for which a claim was made.

• Assessed penalties will be deducted from the Guaranteed Payment for Availability.

• The Guaranteed Payment for Offering Period, calculated on a monthly basis, shall be equal to the greater of (i) the Partnership's Earnings or (ii) the interest rate established by the Monthly Weighted Average Cost of Funds for the 11th District Savings Institutions, as announced by the Federal Home Loan Bank of San Francisco during the last week of the preceding month, plus two points, up to a maximum interest rate of 12%.

• The Limited Partners shall receive a guaranteed payment from the Earnings of the Partnership during the Guaranteed Payment Period.

More Definitions of Guaranteed Payment

Guaranteed Payment means the amount required to be paid to the Trustee pursuant to the Credit Facility, provided that so long as the Credit Enhancement Agreement is the Credit Facility, “Guaranteed Payment” will have the meaning given to that term in the Credit Enhancement Agreement.

Guaranteed Payment means, with respect to any Payment Date and each Class of Notes, the sum of the related Guaranteed Principal Payment Amount and the related Aggregate Investor Interest.

Guaranteed Payment has the meaning given to it in the Adoption Annex.

Guaranteed Payment shall have the meaning set forth in the Credit Enhancement Agreement.

Guaranteed Payment means, for each Lease, the amount fixed by the related Obligor and the Titling Trust, at the inception of such Lease to be owed by the related Obligor to the lessor at the expiration of the term of such Lease.

Guaranteed Payment for each Payment Date and the Insured Notes means the sum of the Guaranteed Principal Payment Amount and the Aggregate Note Interest for that Payment Date.

Guaranteed Payment for any Payment Date means the sum of the amounts set forth in clauses (x) and (y) of the definition of "Credit Enhancement Draw Amount."