Maximum Subordinated Amount definition
Maximum Subordinated Amount means, with respect to any Transfer Date related to a Due Period commencing after the 1990 Trust Termination Date, the product of (a) the Invested Amount as of the preceding Distribution Date and (b) the Subordinated Percentage; provided, however, that with respect to a Transfer Date related to a Due Period occurring during an Early Amortization Period, the Maximum Subordinated Amount shall not decline until the Invested Amount equals the Maximum Subordinated Amount, and thereafter the Maximum Subordinated Amount shall equal the Invested Amount.
Maximum Subordinated Amount means eighty million ($80,000,000.00) dollars, consisting of fifty million ($50,000,000.00) dollars of Qualified Redeemable Preferred Equity and thirty million ($30,000,000.00) dollars of Qualified Subordinated Debt.
Maximum Subordinated Amount. The initial Maximum Subordinated Amount shall be $96,000,000 which amount equals 12% of the sum of the original Pool Principal Balances of each Pool. On any Remittance Date, the Maximum Subordinated Amount shall equal the initial Maximum Subordinated Amount less Cumulative Realized Losses through the last day of the month preceding such Remittance Date. The Maximum Subordinated Amount on any date other than a Remittance Date shall be equal to the Maximum Subordinated Amount as of the immediately preceding Remittance Date (or, prior to the first Remittance Date, the initial Maximum Subordinated Amount), provided, however, that the Maximum Subordinated Amount shall never be less than zero.
Examples of Maximum Subordinated Amount in a sentence
An amount equal to the excess, if any, of the Maximum Subordinated Amount as of the end of the preceding Transfer Date over the Available Subordinated Amount as of the end of the preceding Transfer Date shall be (A) during the Revolving Period or the Amortization, allocated and paid to the Seller or (B) during an Early Amortization Period, deposited in the Liquidity Reserve Account, and in either case (A) or (B) the Available Subordinated Amount shall be reinstated by the amount of such payment or deposit.
More Definitions of Maximum Subordinated Amount
Maximum Subordinated Amount means one hundred fifty million dollars ($150,000,000.00) in liquidation preference of Qualified Redeemable Preferred Equity.
Maximum Subordinated Amount means fifty million ($50,000,000.00) dollars of Qualified Redeemable Preferred Equity.
Maximum Subordinated Amount means fifty million ($50,000,000.00) dollars.
Maximum Subordinated Amount means, with respect to any Transfer Date, the product of (a) the Invested Amount as of the preceding Distribution Date and (b) the Subordinated Percentage; PROVIDED, HOWEVER, that with respect to a Transfer Date related to a Due Period occurring during an Early Amortization Period, the Maximum Subordinated Amount shall not decline until the Invested Amount equals the Maximum Subordinated Amount, and thereafter the Maximum Subordinated Amount shall equal the Invested Amount.
Maximum Subordinated Amount means forty five million ($45,000,000.00) dollars.