Monthly Expense Amount definition

Monthly Expense Amount has the meaning set forth in Section 3.1(c)(i).
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Monthly Expense Amount means, for each Business Day during a Settlement Period, the sum of (i) the Series 2001-1 Interest Distributable Amount due and payable on the related Distribution Date or if such amount is not yet determinable, a good faith estimate by the Master Servicer, but in no event less than the Series 2001-1 Interest Distributable Amount for the Distribution Date for the Settlement Period immediately preceding such Settlement Period, (ii) the portion of the Servicing Fees due and payable on the related Distribution Date pursuant to Section 3.6(b)(i) and (iii) all Program Costs due and payable on the related Distribution Date pursuant to Section 3.6(b)(i).
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Monthly Expense Amount means, for any Collection Period, the lesser of (x) the actual Operating Expenses and Maintenance Capital Expenditures for each Asset Entity for such Collection Period and (y) the sum of (1) the Budgeted Operating Expenses of each Asset Entity for such Collection Period and (2) the product of (A) the Annualized Targeted Maintenance Capital Expenditures as of the last day of such Collection Period and (B) the number of days in such Collection Period divided by 360.
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Examples of Monthly Expense Amount in a sentence

  • No payments may be made pursuant to Section 7(a)(iii) unless the amounts equal to the Monthly Expense Amount and the Monthly Interest Amount shall have been deposited in their respective Subaccounts and no Early Amortization Event or Potential Early Amortization Event would be caused by such payment.

  • If no such notification of disagreement is given within such period, the Proposed Expense Amount shall be the Monthly Expense Amount.

  • By this Application, and in accordance with the Interim Compensation Order, Fox Rothschild requests approval of the Monthly Compensation Amount and the Monthly Expense Amount for the Compensation Period.

  • Notwithstanding anything herein to the contrary, the dispute resolution mechanism contained in this Section 2.03(d) shall be the exclusive mechanism for resolving disputes regarding the Monthly Expense Amount, if any.


More Definitions of Monthly Expense Amount

Monthly Expense Amount means, for each Business Day in a Settlement Period and the related Accrual Period, the sum of (i) the Series 2001-VFC Estimated Monthly Interest and Fee Expense for the related Accrual Period, (ii) the Series 2001-VFC Estimated Monthly Servicing Fee for the related Accrual Period, (iii) the amount of any unreimbursed Interest Shortfall for any prior Settlement Period, (iv) the amount of any unpaid Series 2001-VFC Servicing Fees for any prior Settlement Period and (v) all Series 2001-VFC Program Costs estimated by the Servicer to be due and payable on the related Distribution Date pursuant to Section 3.6(b)(iv).
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Monthly Expense Amount means the monthly final expense amount determined in accordance with Section 2.03(c) and/or Section 2.03(d) (as applicable).
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Related to Monthly Expense Amount

  • Expense Amount As defined in Section 11.01(b) hereof.

  • Expense Fee As to each Mortgage Loan and any Distribution Date, the product of the Expense Fee Rate and its Stated Principal Balance as of that Distribution Date.

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Cash Expenses means, for any period, the Operating Expenses for the operation of the Property as set forth in an Approved Annual Budget to the extent that such expenses are actually incurred by Borrower minus any payments into the Tax and Insurance Escrow Fund.

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.02(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Excess Cash Amount means, as of any Excess Cash Measurement Date, (a) the total amount of Unrestricted Cash, less (b) the sum of (i) the applicable Minimum Cash Threshold hereto corresponding to such Excess Cash Measurement Date, (ii) the total amount of scheduled payments due by OEC and its Subsidiaries, taken as a whole, under (x) the New Notes and (y) any other Permitted Indebtedness in each case in the subsequent twelve (12) month period, (iii) projected expenses for the Issuer to conduct its operations during the subsequent twelve (12) month period, including any foreign currency conversion expenses and (iv) for any Excess Cash Measurement Date through (and including) December 31, 2024, any Fines due by OEC and its Subsidiaries for the subsequent twelve (12) month period; less (c) an amount equal to the Required Gross-Up; provided that any items already deducted from cash and short-term investments of OEC and its Subsidiaries for purposes of determining Unrestricted Cash shall not be deducted again for purposes of determining the Excess Cash Amount.

  • Reimbursement Amount As defined in Section 2.04.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Company Expenses has the meaning set forth in Section 11.3(a)(v).

  • Distribution Expenses means, with respect to all rights granted to LGF hereunder, one hundred percent (100%) of the aggregate of all actual, direct, out-of-pocket, third xxxxx costs expended or incurred by LGF in direct connection with the distribution and exploitation of the Picture throughout the Territory in all media, including, without limitation, all DLT Creation Costs, and all conversion, manufacturing, duplication, shipping, marketing, advertising, promotion and publicity costs, and all costs to complete Delivery of the Picture (to the extent (i) LGF elects to cure any failure of Grantor to complete Delivery of the Picture in accordance with the Delivery Schedule and/or (ii) LGF is required to take "access" to any Delivery Materials pursuant to the Delivery Schedule; and/or fiii) Grantor is not required to deliver such elements under the Delivery Schedule).

  • Administration Expenses Payment means the amount the Administrator will be paid from the Gross Settlement Amount to reimburse its reasonable fees and expenses in accordance with the Administrator’s “not to exceed” bid submitted to the Court in connection with Preliminary Approval of the Settlement.

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

  • Annualized Interest Expense means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share of interest expense, with other adjustments as are necessary to exclude the effect of items classified as extraordinary items, in accordance with generally accepted accounting principles, reduced by amortization of debt issuance costs and adjusted to reflect the assumption that (i) any interest expense related to indebtedness incurred since the first day of such four-quarter period is computed as if such indebtedness had been incurred as of the beginning of such period, and (ii) any interest expense related to indebtedness that was repaid or retired since the first day of such four-quarter period is computed as if such indebtedness had been repaid or retired as of the beginning of such period (except that, in making such computation, the amount of interest expense related to indebtedness under any revolving credit facility shall be computed based upon the average daily balance of such indebtedness during such four-quarter period).

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount for such Distribution Date exceed the aggregate amount distributed on such Distribution Date pursuant to paragraphs (a) through (c) under Section 4.02(d) hereof, plus interest on the Overcollateralization Amount accrued during the Interest Accrual Period related to that Distribution Date.

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Interest Expenses means, with respect to any Person for any period, the sum, determined on a consolidated basis in accordance with GAAP, of (a) all interest expenses of such Person during such period (including interest attributable to Capital Leases) plus (b) all fees in respect of outstanding letters of credit paid, accrued or scheduled for payment by such Person during such period.