Minimum Seller Amount definition

Minimum Seller Amount means, on any Determination Date, the Aggregate --------------------- Collateral Amount at the end of the day prior to such Determination Date, times the Minimum Average Seller Percentage; provided that if such percentage is zero, -------- ---- the Minimum Seller Amount shall be zero. FCNB may reduce the Minimum Seller Amount by written notice to the Indenture Trustee, provided that (a) the Rating Agency Condition is satisfied with respect to such reduction and (b) FCNB delivers to the Indenture Trustee an Opinion of Counsel to the effect that such reduction will not have a material adverse effect on the Federal income tax characterization of any outstanding Series.
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Minimum Seller Amount means, on any date of determination, the --------------------- Aggregate Investor Amount at the end of the day prior to such date of determination, times the Minimum Average Seller Percentage; provided that if such percentage is zero, the Minimum Seller Amount shall be zero. FCNB may reduce the Minimum Seller Amount by written notice to the Trustee, provided that (a) the Rating Agency Condition is satisfied with respect to -------- such reduction and (b) FCNB delivers to the Trustee an Opinion of Counsel to the effect that such reduction will not have a material adverse effect on the Federal income tax characterization of any outstanding Series.
Sample 1
Minimum Seller Amount means, on any Determination Date, the Aggregate --------------------- Collateral Amount at the end of the day prior to such Determination Date, times the Minimum Average Seller Percentage; provided that if such percentage is zero, -------- ---- the Minimum Seller Amount shall be zero.
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Examples of Minimum Seller Amount in a sentence

  • If the Seller or the Servicer shall --------------------------------- fail to make any Deposit Obligation, the amount thereof shall first be allocated to reduce the Seller Amount until the Seller Amount equals the Minimum Seller Amount.

  • Thereafter, amounts in the Excess Funding Account shall be treated as Shared Principal Collections to the extent that, after giving effect to the application of such amount as Shared Principal Collections to the extent provided in any Indenture Supplement, the Seller Amount would equal or exceed the Minimum Seller Amount.

  • Earnings from such investments received shall be paid to the Seller or, if the Seller Amount as determined on such Business Day does not exceed the Minimum Seller Amount, such earnings shall be deposited in the Excess Funding Account.

  • In the event that the exclusion of the amount of a Credit Adjustment from the calculation of the Seller Amount would cause the Seller Amount to be less than the Minimum Seller Amount, Seller shall make a deposit, no later than the Business Day following the Date of Processing of such Credit Adjustment, in the Collection Account in immediately available funds, in an amount equal to the Shortfall Amount, after giving effect to such exclusion.

  • If the Seller or the Servicer --------------------------------- shall fail to make any Deposit Obligation, the amount thereof shall first be allocated to reduce the Seller Amount until the Seller Amount equals the Minimum Seller Amount.

  • The Series Share of each series that ------------ specifies a Minimum Seller Percentage greater than zero shall be allocated to reduce the Minimum Seller Amount and any Collections otherwise allocable to the Seller Amount shall be available on a ratable basis to such Series to cover any shortfalls arising from such failure.

  • If the exclusion of an Ineligible Receivable from the calculation of the Seller Amount would cause the Seller Amount to be less than the Minimum Seller Amount, then Seller shall, on the date of retransfer of such Ineligible Receivable, make a deposit in the Collection Account (for allocation pursuant to the Indenture) in immediately available funds in an amount equal to the Shortfall Amount.

  • In the event that the exclusion of the amount of a Credit Adjustment from the calculation of the Seller Amount would cause the Seller Amount to be less than the Minimum Seller Amount, Seller shall make a deposit, no later than the Business Day following the Date of Processing of such Credit Adjustment, in the Excess Funding Account in immediately available funds, in an amount equal to the Shortfall Amount, after giving effect to such exclusion.

  • Special powers.—The Administration is authorized and directed: (1) To establish such regional, provincial and local offices as are considered necessary for the efficient conduct of the Administration’s activities.

  • In the event that the exclusion of an Ineligible Receivable from the calculation of the Seller Amount would cause the Seller Amount to be less than the Minimum Seller Amount, Seller shall, on the date of retransfer of such Ineligible Receivable, make a deposit in the Excess Funding Account (for allocation pursuant to Article IV) in immediately available funds in an amount equal to the Shortfall Amount.


More Definitions of Minimum Seller Amount

Minimum Seller Amount means, on any date of determination, the Aggregate Investor Amount at the end of the day prior to such date of determination, times the Minimum Average Seller Percentage; provided that if such percentage is zero, the Minimum Seller Amount shall be zero.
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Related to Minimum Seller Amount

  • Minimum Transfer Amount means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Seller Remittance Amount With respect to each Servicer, the meaning assigned to such term in the related Servicing Agreement.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Minimum Cash Balance means $10,000,000 minus (i) $500,000, (ii) any amounts to be paid to holders of Allowed Ongoing Trade Claims of New Permian Corp., and (iii) any amounts to be paid to holders of Allowed Cure Amounts pursuant to Section 8.4(ii).

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Transfer Amount means, as of any Transfer Date, any of the Issuer Expenses Transfer Amount, the Taxation Expenses Transfer Amount, the Servicer Fee Transfer Amount, the Reserve LC Expenses Transfer Amount, any Debt Service Reserve Account Transfer Amount, any Series Senior Interest Transfer Amount for any Series of Securities, any Series Senior Scheduled Principal Transfer Amount for any Series of Securities, any Series Senior Excess Scheduled Principal Transfer Amount for any Series of Securities, any Series Senior Accelerated Principal Transfer Amount for any Series of Securities, any Series Senior Excess Accelerated Principal Transfer amount for any Series of Securities, any Series Subordinated Interest Transfer Amount for any Series of Securities, any Series Subordinated Scheduled Principal Transfer Amount for any Series of Securities, and/or any Series Subordinated Accelerated Principal Transfer Amount for any Series of Securities, each as of such Transfer Date.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Closing Cash Amount has the meaning set forth in Section 2.2.

  • Minimum Interest Charge has the meaning given in Section 2.2(b).

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Group II Interest Remittance Amount With respect to any Distribution Date, that portion of the Available Funds for such Distribution Date attributable to interest received or advanced with respect to the Group II Mortgage Loans.

  • Offset Amount means the amount or amounts which the Joint Venturers may be entitled to offset against future royalty payments pursuant to subclause (3) of this Clause;

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Retained Excess Cash Flow Amount means, at any date of determination, an amount, determined on a cumulative basis, that is equal to the aggregate cumulative sum of the Excess Cash Flow that is not required to be applied as a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior to such date; provided that such amount shall not be less than zero for any Excess Cash Flow Period.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Purchase Price Allocation Schedule has the meaning set forth in Section 5.11(f)(ii).