Lease Deficit Disbursement definition

Lease Deficit Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Lease Deficit Demand.
Sample 1Sample 2Sample 3
Lease Deficit Disbursement means an amount drawn under a Series 2010-6 Letter of Credit pursuant to a Certificate of Lease Deficit Demand.
Sample 1Sample 2Sample 3
Lease Deficit Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Lease DeficitDemand.
Sample 1Sample 2Sample 3

More Definitions of Lease Deficit Disbursement

Lease Deficit Disbursement means an amount drawn under a Series 2002-2 Letter of Credit pursuant to a Certificate of Lease Deficit Demand.
Sample 1Sample 2Sample 3
Lease Deficit Disbursement means an amount drawn under a Series 2005-4 Letter of Credit pursuant to a Certificate of Lease Deficit
Sample 1
Lease Deficit Disbursement means an amount drawn under a Series 2010-2 Letter of Credit pursuant to a Certificate of Lease Deficit Demand. “Market Value Average” means, as of any day, the percentage equivalent of a fraction, the numerator of which is the average of the Selected FleetMarket Value as of the preceding Determination Date and the two Determination Dates precedent thereto and the denominator of which is the sum of (a) the averageof the aggregate Net Book Value of all Non-Program Vehicles (excluding (i) any Unaccepted Program Vehicles, (ii) any Excluded Redesignated Vehicles and (iii) any other Non-Program Vehicles that are subject to a Manufacturer Program with an Eligible Non-Program Manufacturer with respect to which no Manufacturer Event of Default has occurred and is continuing) and (b) the average of the aggregate Adjusted Net Book Value of all Adjusted Program Vehicles, in the case of each of clause (a) and (b) leased under the AESOP I Operating Lease and the Finance Lease as of the preceding Determination Date and the two Determination Dates precedent thereto.
Sample 1
Lease Deficit Disbursement on any day shall be the sum of the Interest Lease Deficit Disbursement and the Principal Lease Deficit Disbursement.]
Sample 1
Lease Deficit Disbursement means an amount drawn under a Series 2012-1 Letter of Credit pursuant to a Certificate of Lease Deficit Demand. “LIBO Rate” means, (a) with respect to each day during each Eurodollar Period pertaining to a Eurodollar Tranche, the rate appearing on Reuters
Sample 1
Lease Deficit Disbursement means an amount drawn under a Series 2012-1 Letter of Credit pursuant to a Certificate of Lease Deficit Demand. “LIBO Rate” means, (a) with respect to each day during each Eurodollar Period pertaining to a Eurodollar Tranche, the rate appearing on ReutersScreen LIBOR01 Page (or on any successor or substitute page of such service, providing rate quotations comparable to those currently provided on such page of such service, as determined by the Administrative Agent from time to time in accordance with its customary practices for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m. (London time) on the second London Banking Day prior to the commencement of such Eurodollar Period, as the rate for dollar deposits with a maturity comparable to the Eurodollar Period applicable to such Eurodollar Tranche or (b) with respect to each day during a Series 2012-1 Interest Period the rate appearing on Reuters Screen LIBOR01 Page (or on any successor orsubstitute page of such service, providing rate quotations comparable to those currently provided on such page of such service, as determined by theAdministrative Agent or any Non-Conduit Purchaser from time to time in accordance with its customary practices for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) for a term of thirty (30) days at approximately 11:00 a.m. (London time) on such day, or ifsuch day is not a London Banking Day, the immediately preceding London Banking Day.
Sample 1

Related to Lease Deficit Disbursement

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2015-1 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2015-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however, that the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2015-1 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2015-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2015-1 Liquidity Amount on such date and (b) the Series 2015-1 Required Liquidity Amount on such date.

  • Reimbursement Date as defined in Section 2.4(d).