Liquidity Reserve Required Amount definition

Liquidity Reserve Required Amount means on any date, such amount as required for registered covered bonds pursuant to the CB Regulations to meet the interest payment obligations under the Covered Bonds for the following six (6) months including higher ranking items in the relevant Priority of Payments and taking into account the expected cashflows, or such other amount as may be required as liquidity pursuant to the CB Regulations.
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Liquidity Reserve Required Amount means, as of any Liquidity Reserve Determination Date, an amount equal to the amount of interest scheduled to accrue on the outstanding principal amount of the Series A-1 Equipment Notes during the six month period beginning on (and including) the following Payment Date and ending on (and excluding) the date six months after such Payment Date, calculated in accordance with Section 4(f)(iv) of the Note Purchase Agreement.
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Liquidity Reserve Required Amount has the meaning given to such term in Note Purchase Agreement.
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Examples of Liquidity Reserve Required Amount in a sentence

  • Reserve Account: The CBC shall maintain with the CBC Account Bank the Reserve Account towhich the higher of (i) the Reserve Account Required Amount and (ii) the Liquidity Reserve Required Amount will be credited.

  • The establishment of the Liquidity Reserve will be funded on the Closing Date by the Liquidity Reserve Proceeds advanced under the Subordinated Loan and thereafter up to the Liquidity Reserve Required Amount from Available Revenue Receipts in accordance with the Pre-Acceleration Revenue Priority of Payments on each Interest Payment Date.

  • On subsequent Issue Dates, to the extent required, the Liquidity Reserve will be funded up to the Liquidity Reserve Required Amount from a further advance under the Subordinated Loan Agreement and/or from the proceeds of a further issuance of Notes.

  • On each Quarterly Payment Date thereafter, the Issuer will be required to pay, subject to funds being available in accordance with the Pre-Enforcement Priority of Payments, an amount into the Reserve Account to fund the Liquidity Reserve up to the Liquidity Reserve Required Amount.

  • On the Initial Issue Date, the Liquidity Reserve will be funded up to the Liquidity Reserve Required Amount from an advance under the Subordinated Loan Agreement and/or from the proceeds of an issuance of Notes.

  • Monies required to fund the Capital Reserve up to the Capital Reserve Required Amount, the Liquidity Reserve up to the Liquidity Reserve Required Amount, the Mortgage Bonds Registration Costs Reserve up to the Mortgage Bonds Registration Costs Reserve Required Amount and the Redraw Reserve up to the Redraw Reserve Required Amount, shall be deposited into the Reserve Account.

  • During the Revolving Period the Issuer shall apply the proceeds of any further issuance of Notes and/or Available Funds (subject to the Pre-Enforcement Priority of Payments during the Revolving Period) to purchase Additional Participating Assets and/or to fund the Liquidity Reserve up to the Liquidity Reserve Required Amount.

  • Amounts released from the Liquidity Reserve Ledger from time to time in accordance with any reduction in the Liquidity Reserve Required Amount or otherwise will form part of Available Revenue Funds.Any moneys remaining in the Transaction Account on an Interest Payment Date following the application of the Revenue Priority of Payments may also at the discretion of the Mortgage Manager be credited to the Reserve Ledger.

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More Definitions of Liquidity Reserve Required Amount

Liquidity Reserve Required Amount means as at any Payment Date:
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Liquidity Reserve Required Amount means, on any Interest Payment Date following a Liquidity Trigger Event, the amount (if any) which is 3% of the aggregate Principal Amount Outstanding of the Notes minus the amount held as a credit balance in the Reserve Fund at such time.
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Liquidity Reserve Required Amount means, on any Interest Payment Date, an amount equal to 3% of the aggregate outstanding balance of the Ninth Issuer Notes on that date; Listing Rules means: Back to Contents
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Related to Liquidity Reserve Required Amount

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.