Minimum Maintenance Amount. With respect to the Purchased Assets as of the close of business on any date of determination, the aggregate Asset Value of all Purchased Assets as of such date of determination.
Minimum Maintenance Amount means, with respect to the REO Properties and Trust Mortgage Loans as of any date of determination, the sum of (i) the product of (a) the Asset Value of each REO Property and Trust Mortgage Loan as of such date of determination and (b) Minimum Maintenance Percentage and (ii) the amount on deposit in the Property Manager Custodial Account, the Servicer Custodial Account, the Collection Account and the Reserve Account in excess of the amounts needed to remit payments under Section 7.b(1) and Section 7.b(2) on the succeeding Payment Date, such calculation to be made on a pro forma basis for the period through such Payment Date and taking into account any Purchase Price Increase or Transition Event Increase made on the date of such calculation.
Minimum Maintenance Amount means, with respect to the Underlying Mortgage Loans as of any date of determination, the sum of (i) the product of (a) the Asset Value of each Underlying Mortgage Loan as of such date of determination and (b) Purchase Price Percentages for the respective Underlying Mortgage Loans and (ii) the amount on deposit in the Margin Account.
Examples of Minimum Maintenance Amount in a sentence
Immediately prior to and following the occurrence of such Transaction, the aggregate outstanding Purchase Price is less than the Minimum Maintenance Amount.
In the event the amount paid by the customer is less than the Minimum Maintenance Amount, Ixia shall only be obligated to provide Maintenance Services to that customer in accordance with this Amendment upon the payment by NetIQ of additional compensation sufficient to bring the total amount paid to Ixia for that customer to the total prorated Minimum Maintenance Amount.
More Definitions of Minimum Maintenance Amount
Minimum Maintenance Amount means, with respect to the Mortgage Loans as of any date of determination, the sum of (i) the product of (a) the Asset Value of each Mortgage Loan as of such date of determination and (b) Purchase Price Percentages for the respective Mortgage Loans and (ii) the amount on deposit in the Margin Account.
Minimum Maintenance Amount. With respect to the Purchased Assets as of the close of business on any date of determination, the aggregate Asset Value of all Purchased Assets as of such date of determination. “Moody’s”: Xxxxx’x Investors Service, Inc. or any successor thereto. “Mortgage”: A mortgage, deed of trust, security deed or similar instrument on improved real property (including for the avoidance of doubt any proprietary lease or cooperative shares in connection with cooperative loans).
Minimum Maintenance Amount means, with respect to any Eligible Loan and as of any date of determination, the product of (a) the Asset Value of such Eligible Loan as of such date of determination and (b) the applicable Advance Rate. “Mortgage” shall mean with respect to any Mortgage Loan, the fee simple deed of trust or fee simple mortgage or fee simple deed to secure debt securing the related Mortgage Note and encumbering the related Mortgaged Property. “Mortgage Loan” shall mean a loan evidenced by a Mortgage Note and secured by a Mortgage on Mortgaged Property. “Mortgage Loan Document” shall mean each document that is part of the Asset File. “Mortgage Loan Schedule” shall mean a schedule attached to each Confirmation containing asset data regarding the Mortgage Loans to be subject to the proposed Transaction, in form and substance reasonable satisfactory to the Buyer. “Mortgage Note” shall mean with respect to any Mortgage Loan, a mortgage note evidencing such Mortgage Loan and secured by the related Mortgage on the related Mortgaged Property. “Mortgaged Property” shall mean, with respect to any Mortgage Loan, the real property encumbered by the Mortgage related to such Mortgage Loan. “Mortgagor” shall mean the obligor on a Mortgage Note and the mortgagor/grantor under the related Mortgage(s). “Mortgagor Affidavit” shall mean an affidavit signed by a Mortgagor or guarantor attesting, among other things, that (i) such Mortgagor does not intend to use the proceeds of the Mortgage Loan for personal, family, or household purposes, (ii) the Mortgagor or guarantor does not inhabit and does not plan to inhabit the related Mortgaged Property and (iii) the principal residence of such Mortgagor or guarantor is separate and distinct from the related Mortgaged Property. “Multiemployer Plan” shall mean a multiemployer plan defined as such in Section 3(37) of ERISA to which contributions have been, or were required to have been, made by Seller,