Minimum Seller Percentage definition

Minimum Seller Percentage is defined, for any Series, in the related ------------------------- Indenture Supplement.
Sample 1Sample 2Sample 3
Minimum Seller Percentage is defined for each Collateral Series in the related Indenture Supplement.
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Minimum Seller Percentage means zero for Series 2001-A. -------------------------
Sample 1Sample 2

Examples of Minimum Seller Percentage in a sentence

  • The Series Share of each Series that specifies a Minimum Seller Percentage of zero shall be allocated to such series.

  • The Series Share of each Series that specifies a Minimum Seller Percentage of zero shall be allocated to such Series.

  • 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.

  • On each Calculation Date on which the Seller Principal Diversion Conditions are satisfied, the Cash Manager will recalculate the Minimum Seller Percentage and the Minimum Seller Principal Amount.

  • On each Calculation Date on and from the First Call Option Date (but not before such date), the Cash Manager will recalculate the Minimum Seller Percentage and the Minimum Seller Principal Amount.

  • The Minimum Seller Percentage and the Minimum Seller Principal Amount At the Closing Date, the Minimum Seller Percentage and the Minimum Seller Principal Amount are expected to be approximately 3.1% and approximately £42,762,311, respectively.

  • Until the Investor Percentage is zero, the Seller Percentage may only be reduced below the Minimum Seller Percentage by the allocation of Set-Off Losses and the Seller Percentage of Principal Losses and not by payment of Principal Deferred Consideration to the Seller.

  • Until the Investor Percentage is zero, the Seller Percentage may only be reduced below the Minimum Seller Percentage by the allocation of Set-Off Losses and the Seller Percentage of Principal Losses and not by payment of Principal Deferred Consideration to the Seller.Title to the Mortgages, registration and notificationsThe English Loans in the Mortgage Portfolio will be sold to the Issuer by way of equitable assignment on the Closing Date.

  • The Minimum Seller Percentage and the Minimum Seller Principal AmountAt the Closing Date, the Minimum Seller Percentage and the Minimum Seller Principal Amount are expected to be 0.52% and £19,361,108 respectively.

  • 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.


More Definitions of Minimum Seller Percentage

Minimum Seller Percentage shall have, for any Series, the meaning ------------------------- specified in the related Supplement.
Sample 1Sample 2Sample 3
Minimum Seller Percentage means [ ]%, for Series 2001-A. -------------------------
Sample 1
Minimum Seller Percentage means, with respect to Series 2001-VFN, 0.00%. -------------------------
Sample 1
Minimum Seller Percentage. Liquidation Rate," "Portfolio Yield" or "Required Excess Collateral Amount Percentage," (f) change the percentage of, or the numbers of, Conduit Managing Agents, which shall be required for any amendment, waiver or consent or for any other action hereunder, or (g) amend this Section 13. The Servicer shall give each Rating Agency prior ---------- written notice of each amendment to this Indenture Supplement. No amendment described in clause (b) through (g) above shall be effective unless the Rating ---------- --- Agency Condition has been satisfied.
Sample 1
Minimum Seller Percentage means 0%.
Sample 1

Related to Minimum Seller Percentage

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Sixty-Plus Delinquency Percentage With respect to any Distribution Date and the Mortgage Loans, the arithmetic average, for each of the three Distribution Dates ending with such Distribution Date, of the fraction, expressed as a percentage, equal to (x) the aggregate Stated Principal Balance of the Mortgage Loans that are 60 or more days delinquent in payment of principal and interest for that Distribution Date, including Mortgage Loans in foreclosure and REO, over (y) the aggregate Stated Principal Balance of all of the Mortgage Loans immediately preceding that Distribution Date.

  • Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction:

  • Applicable ECF Percentage means, for any fiscal year, (a) 50% if the Total Leverage Ratio as of the last day of such fiscal year is greater than or equal to 6.00 to 1.00, (b) 25% if the Total Leverage Ratio as of the last day of such fiscal year is less than 6.00 to 1.00 but greater than or equal to 5.00 to 1.00 and (c) 0% if the Total Leverage Ratio as of the last day of such fiscal year is less than 5.00 to 1.00.

  • Delinquency Percentage means, for any Payment Date and the related Collection Period, an amount equal to the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of all 60-Day Delinquent Receivables as of the last day of such Collection Period to (ii) the Pool Balance as of the last day of such Collection Period.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • Prepayment Shift Percentage Not applicable.

  • Total Percentage means, with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • Principal Allocation Percentage means, with respect to any day during a Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Series Adjusted Invested Amount for Series 2022-2 as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Initial Invested Amount) and (b) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the Series Adjusted Invested Amount for Series 2022-2 as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the product of (x) the sum of (i) the total amount of Principal Receivables in the Trust as of the last day of the immediately preceding Monthly Period (or with respect to the first Monthly Period, the total amount of Principal Receivables in the Trust as of the Closing Date) and (ii) the principal amount on deposit in the Special Funding Account as of such last day (or with respect to the first Monthly Period, the Closing Date) and (y) the Series 2022-2 Allocation Percentage as of the last day of the immediately preceding Monthly Period; provided, however, that with respect to any Monthly Period in which an Addition Date for an Aggregate Addition or a Removal Date occurs the amount in (x)(i) above shall be (1) the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period for the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (2) the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date or Removal Date for the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period; and provided further, that if after the commencement of the Controlled Accumulation Period a Pay-Out Event occurs with respect to another Series that was designated in the Supplement therefor as a Series that is a “Paired Series” with respect to Series 2022-2, the Transferor may, by written notice delivered to the Trustee and the Servicer, designate a different numerator for the foregoing fraction, provided that (x) such numerator is not less than the Adjusted Invested Amount as of the last day of the revolving period for such Paired Series, (y) the Transferor shall have received written notice from each Rating Agency that the Rating Agency Condition has been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee and (z) the Transferor shall have delivered to the Trustee an Officer’s Certificate of such Transferor to the effect that, based on the facts known to such officer at such time, in the reasonable belief of such Transferor, such designation will not cause a Pay-Out Event or an event that, after the giving of notice or the lapse of time, would constitute a Pay-Out Event, to occur with respect to Series 2022-2.

  • Final Payment Percentage is five percent (5.00%).

  • Retained Percentage means, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the Applicable ECF Percentage with respect to such Excess Cash Flow Period.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Average Contribution Percentage means the average of the Contribution Percentages of the Eligible Participants in a group.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount of the Aggregate Commitment actually disbursed and outstanding to Borrower by such Lender at such time, and the denominator of which is the total amount of the Aggregate Commitment disbursed and outstanding to Borrower by all of the Lenders at such time.

  • Termination Percentage has the meaning set forth in Section 2.2.

  • Actual Contribution Percentage means the average of the Contribution Percentages of the Eligible Participants in a group.

  • Pool Percentage With respect to each Mortgage Pool and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Pool Balance for such Mortgage Pool for such date and the denominator of which is the Aggregate Pool Balance for such date.

  • Applicable L/C Fee Percentage means, as at any date of determination, a rate per annum equal to the Applicable Eurodollar Margin for Revolving Loans in effect on such date.

  • Specified Percentage means, as to any Lender, the percentage indicated beside its name on the signature pages hereof, or if applicable, specified in its most recent Assignment Agreement.

  • Funding Percentage means with respect to any Payment Date, the percentage derived from the fraction the numerator of which is the Pre-Funded Amount and the denominator of which is the sum of the aggregate Principal Balance of Receivables transferred to the Trust and the Pre-Funded Amount, in each case, as of the last day of the related Collection Period.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Excess Spread Percentage for any Distribution Date means a fraction, the numerator of which is the Excess Spread Amount for such Distribution Date multiplied by 12 and the denominator of which is the sum of the Nominal Liquidation Amounts of all Tranches of DiscoverSeries Notes as of the first day of the related Due Period.