Liquidity Reserve Amount means, with respect to the first Payment Date, $0 and, with respect to any Payment Date thereafter, an amount equal to the excess, if any, of (i) the sum of all payments of interest received during the related Due Period (and, if such Due Period does not end on a Business Day, the next succeeding Business Day) on Floating Rate Underlying Assets and Fixed Rate Underlying Assets (net of purchased accrued interest) which pay interest less frequently than quarterly over (ii) the sum of (a) an amount equal to the product of (1) 0.25 multiplied by (2) the Weighted Average Coupon (without giving effect to clause (iv) of the definition thereof) on Fixed Rate Underlying Assets which pay interest less frequently than quarterly as of the immediately preceding Determination Date multiplied by (3) the Aggregate Principal Balance of Fixed Rate Underlying Assets which pay interest less frequently than quarterly as of the immediately preceding Determination Date and (b) an amount equal to the product of (1) the actual number of days in the related Due Period divided by 360 multiplied by
Liquidity Reserve Amount means (A) on the Issue Date, an amount equal to Euro 19,664,220; (B) on each Payment Date (in which the Pre-Acceleration Order of Priority is applied) falling before (and excluding) the earlier of (i) the Payment Date on which the Principal Amount Outstanding of the Senior Notes is lower than the Issuer Available Funds that would be available on such Payment Date following payments of amount due and payable under items First to Fifth of the Pre-Acceleration Order of Priority having been made, (ii) the Payment Date falling immediately after the Final Redemption Date and (iii) the Final Maturity Date, an amount equal to the higher of (a) 3% of the Principal Amount Outstanding of the Rated Notes on the immediately preceding Payment Date after making payments dueunder the Pre-Acceleration Order of Priority on that date (or, in respect of the First Payment Date, on the Issue Date) and (b) 1% of the Principal Amount Outstanding of the Rated Notes as of the Issue Date, and (C) on each Payment Date thereafter, zero. On each Payment Date, the amounts standing to the credit of the Liquidity Reserve Account on the immediately preceding Payment Date, after application of the Pre-Acceleration Oder of Priority on such Payment Date (or, in respect of the First Payment Date, the amounts standing to the credit of the Liquidity Reserve Account on the Issue Date) will be made available to meet payments under items First to Fifth of the Pre-Acceleration Order of Priority. In addition the Liquidity Reserve Amount available following payment in full of items from First to Fifth of the Pre- Acceleration Order of Priority shall be used in full towards redemption of the Senior Notes, on the Payment Date on which, by doing so, the Senior Notes can be redeemed in full.
Liquidity Reserve Amount means, on any day, the amount of Cash or Cash Equivalent Investments of the Group.
Examples of Liquidity Reserve Amount in a sentence
Total Asset Value is equal to Total Assumed Portfolio Value plus Liquidity Reserve Amount minus Lessee Security Deposits.
On the Closing Date, Issuers shall deposit to the Liquidity Reserve Account as additional collateral for the Notes an amount equal to $1,932,125 (the "Initial Liquidity Reserve Amount").
On the Closing Date, Borrowers shall deposit to the Liquidity Reserve Account as additional collateral for the Loan an amount equal to $_________ (the "Initial Liquidity Reserve Amount").
Such amount requested [equals the Excess Liquidity Reserve Amount] [If cash on deposit in the Liquidity Reserve Account is less than the Excess Liquidity Reserve Amount: does not exceed the Excess Liquidity Reserve Amount] in accordance with Section 2.19(e)(ii)(C).
In the event that, at any time, the Liquidity Reserve Amount is less than the Liquidity Reserve Minimum, Sellers shall remit funds to the account set forth in Section 9 hereof within one Business Day such that the Liquidity Reserve Amount is greater or equal to the Liquidity Reserve Minimum.
More Definitions of Liquidity Reserve Amount
Liquidity Reserve Amount means, as applicable, the BPB Liquidity Reserve Amount or the CRO Liquidity Reserve Amount.
Liquidity Reserve Amount means, with respect to the first Payment Date after the Closing Date, U.S.$0 and, with respect to any Payment Date thereafter, an amount equal to the excess, if any, of (i) the sum of all payments of interest received during the related Collection Period (and, if such Collection Period does not end on a Business Day, the next succeeding Business Day) on Floating Rate Collateral Obligations and Fixed Rate Collateral Obligations (net of purchased accrued interest) which pay interest less frequently than quarterly over (ii) the sum of (a) an amount equal to the product of (1) 0.25 multiplied by (2) the Weighted Average Coupon (without giving effect to clause (iv) of the definition thereof) on Fixed Rate Collateral Obligations which pay interest less frequently than quarterly as of the immediately preceding Determination Date multiplied by (3) the Aggregate Principal Balance of Fixed Rate CollateralObligations which pay interest less frequently than quarterly as of the immediately preceding Determination Date and (b) an amount equal to the product of (1) the actual number of days in the related Collection Period divided by 360 multiplied by (2) the sum of (I) the ReferenceBenchmark Rate for the Floating Rate Notes applicable to the related Collection Period beginning on the previous Payment Date and (II) the Weighted Average Spread (without giving effect to clause (iv) of the definition thereof) on Floating Rate Collateral Obligations which pay interest less frequently than quarterly as of the preceding Collection Period multiplied by (3) the Aggregate Principal Balance of Floating Rate Collateral Obligations which pay interest less frequently than quarterly as of the preceding Determination Date; provided that Defaulted Obligations shall not be included in the calculation of the Liquidity Reserve Amount.
Liquidity Reserve Amount means an amount, initially approximately $56 million, and may be comprised of cash and/or Eligible Credit Facilities, which may be increased or decreased from time to time by the Board of the Issuer for any reason; provided that any such reduction, other than any reduction attributable solely to a decrease in the Security Deposit Reserve Amount as a result of AerCo entering into Future Leases requiring lower security deposits than expired Leases, shall be subject to Rating Agency Confirmation.
Liquidity Reserve Amount means, in respect of each Payment Date, an amount equal to the higher of (i) 3.6% of the Principal Amount Outstanding of the Rated Notes on such Payment Date (before application of the Issuer Available Funds in accordance with the relevant Order of Priority) and (ii) 0.4% of the Initial Principal Portfolio; provided that on the Payment Date on which the Rated Notes are redeemed in full, the Liquidity Reserve Amount will be equal to 0 (zero).
Liquidity Reserve Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (i) the sum of all payments of interest received during the related Due Period (and, if such Due Period does not end on a Business Day, the next succeeding Business Day) on Floating Rate Underlying Assets and Fixed Rate Underlying Assets (net of purchased accrued interest) which pay interest less frequently than quarterly over (ii) the sum of
Liquidity Reserve Amount means, in respect of each Payment Date, an amount equal to 3.6% of the Principal Amount Outstanding of the Rated Notes on such Payment Date (before application of the Issuer Available Funds in accordance with the relevant Order of Priority).
Liquidity Reserve Amount means the amount set forth as such in the Master Restructuring Agreement or the amended amount as notified by the Trustee to the Issuer as having been resolved by the A Noteholders, the B Noteholders and the Residual Certificateholders, each acting by Extraordinary Resolution in the form of a written resolution; provided that upon (i) the redemption in full of the A Notes (if the A Note Restructuring has not occurred) or the A1 Notes (if the A Note Restructuring has occurred) or (ii) the occurrence of an Event of Default, the Liquidity Reserve Amount shall be zero.