Minimum Termination Amount definition

Minimum Termination Amount. As of any time after the Pool Scheduled -------------------------- Principal Balance is less than 10% of the Cut-off Date Pool Principal Balance, whether in the case of a Termination Auction or a purchase of Contracts by the Servicer pursuant to Section 10.01(a)(ii) hereof, an amount equal to the sum of (a) the Class A-1 Certificate Balance, (b) any shortfall in interest due to the Class A-1 Certificateholders in respect of prior Distribution Dates, (c) one month's interest on the Class A-1 Certificate Balance at the Class A-1 Pass- Through Rate, (d) the Class A-2 Certificate Balance, (e) any shortfall in interest due to the Class A-2 Certificateholders in respect of prior Distribution Dates, (f) one month's interest on the Class A-2 Certificate Balance at the Class A-2 Pass-Through Rate, (g) the Class A-3 Certificate Balance, (h) any shortfall in interest due to the Class A-3 Certificateholders in respect of prior Distribution Dates, (i) one month's interest on the Class X- 0 Certificate Balance at the Class A-3 Pass-Through Rate, (j) the Class A-4 Certificate Balance, (k) any shortfall in interest due to the Class A-4 Certificateholders in respect of prior Distribution Dates, (l) one month's interest on the Class A-4 Certificate Balance at the Class A-4 Pass-Through Rate, (m) the Class A-5 Certificate Balance, (n) any shortfall in interest due to the Class A-5 Certificateholders in respect of prior Distribution Dates, (o) one month's interest on the Class A-5 Certificate Balance at the Class A-5 Pass- Through Rate, (p) the Class A-6 Certificate Balance, (q) any shortfall in interest due to the Class A-6 Certificateholders in respect of prior Distribution Dates, (r) one month's interest on the Class A-6 Certificate Balance at the Class A-6 Pass-Through Rate, (s) the Class A-7 Certificate Balance, (t) any shortfall in interest due to the Class A-7 Certificateholders in respect of prior Distribution Dates, (u) one month's interest on the Class X- 0 Certificate Balance at the Class A-7 Pass-Through Rate, (v) the Class A-8 Certificate Balance, (w) any shortfall in interest due to the Class A-8 Certificateholders in respect of prior Distribution Dates, (x) one month's interest on the Class A-8 Certificate Balance at the Class A-8 Pass-Through Rate, (y) the Class A-9 Certificate Balance, (z) any shortfall in interest due to the Class A-9 Certificateholders in respect of prior Distribution Dates, (aa) one month's interest on the Class A-9 Certificate Balance at ...
Sample 1
Minimum Termination Amount. As of any time after the Pool Scheduled -------------------------- Principal Balance is less than 10% of the Cut-Off Date Pool Principal Balance, whether in the case of a Termination Auction or a purchase of Contracts by the Servicer or the Residual Interest Holder pursuant to Section 10.01(a)(ii) hereof, an amount equal to the sum of (a) the aggregate Certificate Balances of all of the Certificates, (b) any shortfall in interest due to Certificateholders in respect of prior Distribution Dates, and (c) one month's interest on Certificate Balance of each Class of Certificates at the applicable Pass-Through Rate.
Sample 1Sample 2
Minimum Termination Amount. As of any time after the Pool Scheduled -------------------------- Principal Balance is less than 10% of the Cut-Off Date Pool Principal Balance, whether in the case of a Termination Auction or a purchase of Contracts by the Servicer or the Residual Interest Holder pursuant to Section 10.01(a)(ii) hereof, an amount equal to the sum of (a) the aggregate Class A Certificate Balance, (b) any shortfall in interest due to the Class A Certificateholders in respect of prior Distribution Dates, (c) one month's interest on the Class A-1 Certificate Balance at the Class A-1 Pass-Through Rate, (d) one month's interest on the Class A-2 Certificate Balance at the Class A-2 Pass-Through Rate and (e) one month's interest on the Class A-3 Certificate Balance at the Class A-3 Pass-Through Rate.
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Examples of Minimum Termination Amount in a sentence

  • As of any time after the Pool Scheduled Principal Balance is less than 10% of the Cut-Off Date Pool Principal Balance, the "Minimum Termination Amount" is an amount equal to the respective Certificate Balances of all Classes of Certificates that remain outstanding as of such time, together with any shortfall in interest due on such Certificates in respect of prior Distribution Dates and one month's interest at the applicable Pass-Through Rates on such Certificate Balances.

  • A satisfactory bid is one in which the purchase price of the Contracts then outstanding is at least equal to the Minimum Termination Amount (as hereinafter defined).

  • A satisfactory bid is one in which the purchase price of the Contracts then outstanding is at least equal to the Minimum Termination Amount (as hereinafter defined) plus any unreimbursed Enhancement Payment, plus any other amounts due and owing to the Insurer pursuant to the Agreement or pursuant to the Insurance Agreement, plus any unreimbursed Draw Amounts.

  • A satisfactory bid is one in which the purchase price of the Contracts then outstanding is at least equal to the Minimum Termination Amount (as hereinafter defined) plus any unreimbursed Enhancement Payment.

  • As of any time after the Pool Scheduled Principal Balance is less than 10% of the Cut- off Date Pool Principal Balance, the "Minimum Termination Amount" is an amount equal to the respective Certificate Balances of all Classes of Certificates that remain outstanding as of such time, together with any shortfall in interest due on such Certificates in respect of prior Distribution Dates and one month's interest at the applicable Pass-Through Rates on such Certificate Balances.

  • As of any time after the Pool Scheduled Principal Balance is less than 10% of the Cut- Off Date Pool Principal Balance, the "Minimum Termination Amount" is an amount equal to the respective Certificate Balances of all Classes of Certificates that remain outstanding as of such time, together with any shortfall in interest due on such Certificates in respect of prior Distribution Dates and one month's interest at the applicable Pass-Through Rates on such Certificate Balances.

  • As of any time after the Pool Scheduled Principal Balance is less than 10% of the Cut-off Date Pool Principal Balance, the "Minimum Termination Amount" is an amount equal to the respective Certificate Balances of all Classes of Certificates that remain outstanding as of such time, together with any shortfall in interest due on such Certificates in respect of prior Distribution Dates and one month's interest at the applicable Pass-Through Rates on such Certificate Balances.

  • RailCorp is required to pay ALC the Minimum Termination Amount (see below) where the termination follows: • an ALC Default Event; or • a RailCorp decision not to rebuild the Stations following their destruction due to an act or omission by ALC.

  • Minimum Termination Amount (Barrier Event Satisfied): Not Applicable VI.

  • The Minimum Termination Amount is equal to the Minimum Termination Lump Sum Amount (see below) less any station rectification costs.


More Definitions of Minimum Termination Amount

Minimum Termination Amount. As of any time after the Pool Scheduled Principal Balance is less than 10% of the Cut-Off Date Pool Principal Balance, an amount equal to the sum of (a) the aggregate Certificate Balances of all of the Certificates, (b) any shortfall in interest due to Certificateholders in respect of prior Distribution Dates, and (c) one month's interest on Certificate Balance of each Class of Certificates at the applicable Pass-Through Rate.
Sample 1
Minimum Termination Amount. As of any time after the Pool Scheduled -------------------------- Principal Balance is less than 10% of the Cut-Off Date Pool Principal Balance, whether in the case of a Termination Auction or a purchase of Contracts by the Servicer pursuant to Section 10.01(a)(ii) hereof, an amount equal to the sum of (a) the Class A Certificate Balance, (b) any shortfall in interest due to the Class A Certificateholders in respect of prior Distribution Dates, (c) one month's interest on the Class A Certificate Balance at the Class A Pass-Through Rate, (d) the Class M Certificate Balance, (e) any shortfall in interest due to the Class M Certificateholders in respect of prior Distribution Dates, (f) one month's interest on the Class M Certificate Balance at the Class M Pass-Through Rate, (g) the Class B-1 Certificate Balance, (h) any shortfall in interest due to the Class B-1 Certificateholders in respect of prior Distribution Dates, (i) one month's interest on the Class B-1 Certificate Balance at the Class B-1 Pass- Through Rate, (j) the Class B-2 Certificate Balance, (k) any shortfall in interest due to the Class B-2 Certificateholders in respect of prior Distribution Dates, and (l) one month's interest on the Class B-2 Certificate Balance at the Class B-2 Pass-Through Rate.
Sample 1
Minimum Termination Amount. As of any time after the Pool Scheduled -------------------------- Principal Balance is less than 10% of the Cut-Off Date Pool Principal Balance, whether in the case of a Termination Auction or a purchase of Contracts by the Servicer or the Residual Interest Holder pursuant to Section 10.01(a)(ii) hereof, an amount equal to the sum of (a) the Class I A Certificate Balance, (b) any shortfall in interest due to the Class I A Certificateholders in respect of prior Distribution Dates, (c) one month's interest on the Class I A Certificate Balance at the Class I A Pass-Through Rate, (d) the Class II A Certificate Balance, (e) any shortfall in interest due to the Class II A Certificateholders in respect of prior Distribution Dates, and (f) one month's interest on the Class II A Certificate Balance at the Class II A Pass-Through Rate.
Sample 1
Minimum Termination Amount. As of any time after the Optional Termination Date, an amount equal to the greater of (i) the sum of (a) the Class A-1 Certificate Principal Balance, (b) any shortfall in interest due to the Owners of the Class A-1 Certificates in respect of prior Distribution Dates, (c) one month's interest on the Class A-1 Certificate Principal Balance at the Class A-1 Pass-Through Rate, (d) the Class A-2 Certificate Principal Balance, (e) any shortfall in interest due to the Owners of the Class A-2 Certificates in respect of prior Distribution Dates, (f) one month's interest on the Class A-2 Certificate Principal Balance at the Class A-2 Pass-Through Rate, and (g) any Reimbursement Amounts due the Certificate Insurer and (ii) the sum of 100% of the aggregate Loan Balance of the related Mortgage Loans as of the day of purchase and any Reimbursement Amounts not otherwise paid to the Certificate Insurer minus amounts remitted from the Collection Account to the Distribution Account representing collections of principal on the Mortgage Loans during the current Due Period, plus one month's interest on such amount computed at the weighted average Mortgage Rate net of the Servicing Rate, plus all accrued and unpaid Servicing Fees plus the aggregate amount of any xxxxxxxxxxxx X&X Advances and Servicing Advances plus P&I Advances which the Master Servicer has theretofore failed to remit.
Sample 1

Related to Minimum Termination Amount

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • 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.

  • Termination Payment Date means the date on which the RECIPIENT is required to repay to ECOLOGY any outstanding balance of the loan and all accrued interest.

  • FX Reduction Amount is defined in Section 2.1.3.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Reverse Termination Fee shall have the meaning set forth in Section 9.2(b).

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

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

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

  • Stated Termination Date means, with respect to the Revolving Credit Facility, March 4, 2027 and, with respect to any Extended Revolving Credit Facility, the maturity date set forth in the Extension Agreement related thereto.

  • Accretion Termination Date As defined in the Series Supplement.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Optional Termination Price On any date after the Initial Optional Termination Date, an amount equal to the sum of (A) the aggregate Stated Principal Balance of each Mortgage Loan (other than any Mortgage Loan that has become an REO Property) as of the Distribution Date on which the proceeds of the Optional Termination are distributed to the Certificateholders, plus accrued interest thereon at the applicable Mortgage Rate as of the Due Date preceding the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders and the fair market value of any REO Property, plus accrued interest thereon as of the Distribution Date on which the proceeds of the Optional Termination are distributed to Certificateholders, (B) any unreimbursed out-of-pocket costs and expenses owed to the Master Servicer, the Trustee or the Securities Administrator (including any amounts incurred by the Securities Administrator in connection with conducting the Auction), a Servicer or the Master Servicer and any unpaid or unreimbursed Servicing Fees, Monthly Advances and Servicing Advances, (C) any unreimbursed costs, penalties and/or damages incurred by the Trust Fund in connection with any violation relating to any of the Mortgage Loans of any predatory or abusive lending law and (D) in the event an Auction has been conducted, all reasonable fees and expenses incurred by the Securities Administrator to conduct the Auction.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Termination Price As defined in Section 9.01.

  • Accrual Termination Date Not applicable.

  • Termination Fee Event has the meaning ascribed thereto in Section 8.2(2).

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of (1) two years following such Change in Control or (2) the Executive’s death.

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

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.