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
Non-availability of Subordinated Loan After the Note Issuance Date, the Issuer will not be entitled to any further drawings under the Subordinated Loan in order (i) to fill or re-fill the Reserve Fund up to the Required Liquidity Reserve Amount or (ii) otherwise to make payments in respect of principal or interest on the Notes.
But the trial Court held albeit without reasons, that the petitioners are entitled, for the primary relief of specific performance.
Subject to certain additional restrictions, the loan advance will only become repayable to the Seller on any relevant date if and to the extent its outstanding amount exceeds an amount equal to the Required Liquidity Reserve Amount as of such date.
Prior to the redemption of the Class A Notes in full, the Required Liquidity Reserve Amount will be equal to at least EUR 1,000,000.
If, at the option of the Issuer, the Supplemental Liquidity Reserve Amount is set greater than zero, the Supplemental Liquidity Reserve Account shall be opened in the name of the Covered Bond Guarantor with Intesa Sanpaolo or, if the rating of Intesa Sanpaolo is not at least equal to the Minimum Required Account Bank Rating, CA-CIB.
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 following the Amendment Date, U.S.$50,000 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 Collateral Obligations 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) LIBOR 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 RateCollateral 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 $65.5 million, which may be increased or decreased from time to time by the Controlling Trustees for any reason; provided that any such reduction shall be subject to Rating Agency Confirmation.
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
Liquidity Reserve Amount means $3,000,000 (on the Initial Funding Date), plus (2) the aggregate amount of Net Proceeds from Asset Sales that have closed since the Filing Date; provided, that, the aggregate amount of all additions to the Liquidity Reserve Amount under this clause (2) shall not exceed $10,000,000, plus (3) the initial principal amount of the Priority Real Estate DIP Facility; provided, further, that, the Liquidity Reserve Amount shall in no event exceed $20,000,000.
Liquidity Reserve Amount means [***].
Liquidity Reserve Amount means [***]. “Loan” means a Revolving Loan.