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Negative Carry definition

Negative Carry means in relation to any Financial Assistance the negative Cost of Carry (if any) incurred by EFSF and allocated by EFSF to the funding of that Financial Assistance.
Negative Carry means in relation to any Financial Assistance the negative Cost of Carry (if any) incurred by ESM and allocated by ESM to the funding of that Financial Assistance in accordance with the ESM Pricing Policy.
Negative Carry means, with respect to any Prefunding Date, a percentage equal to (i) for the amount on deposit in the Prefunding Account by the Company, (a) the money market yield of the rate quoted on a discount basis for commercial paper having a thirty (30) day maturity, as made available and subse quently published by the Board of Governors of the Federal Reserve System in H.15(519) under the heading "Commercial Paper", plus (b) 1.40%, minus (c) the Targeted Interest Rate; (ii) for the amount on deposit in the Prefunding Account funded by the Bank Investors, (a) the LIBOR Rate, (b) plus 1.40%, minus (c) the Targeted Interest Rate.

Examples of Negative Carry in a sentence

  • On each Payment Date, the Servicer will instruct the Indenture Trustee to withdraw from the Negative Carry Account and deposit into the Collection Account an amount equal to the Negative Carry Amount for such Collection Period.

  • In addition, on the Payment Date following the calendar month in which the last day of the Funding Period occurs, the Servicer will instruct the Indenture Trustee to withdraw from the Negative Carry Account the amount remaining on deposit in the Negative Carry Account (after giving effect to all withdrawals from the Negative Carry Account on that Payment Date) and deposit it into the Collection Account for application as Available Funds for such Payment Date.

  • If the amount on deposit in the Negative Carry Account on any Payment Date (after giving effect to the withdrawal therefrom of the Negative Carry Amount for such Payment Date) is greater than the Required Negative Carry Account Balance, the excess will be released to the Seller.

  • Release Excess Funds from Negative Carry Account to Seller (MART) 0.00 4.

  • On or before each Payment Date, the Indenture Trustee shall make all withdrawals and deposits to the Collection Account, Note Distribution Account, Reserve Account, the Pre-Funding Account, if any, and the Negative Carry Account, if any, and shall make all distributions to Certificateholders in accordance with Sections 5.06 and 5.07 of the Sale and Servicing Agreement.

  • On the Closing Date, the Depositor shall deposit in the Negative Carry Account $0.00 (the “Negative Carry Account Initial Deposit”) from the net proceeds of the sale of the Notes.

  • Fixed Percentage for Calculating Maximum Negative Carry Amount 1.25% 5.

  • Subject to the proviso set forth in Section 5.1(a)(v), on the Closing Date, the Seller shall deposit the Negative Carry Account Initial Deposit into the Negative Carry Account.

  • Any Certificateholder may, at its option, deposit funds into the Negative Carry Account on any date.

  • On the Payment Date on which the Optional Redemption is to be exercised, the Indenture Trustee shall transfer any amounts on deposit in the Reserve Account, the Acquisition Account and the Negative Carry Account into the Collection Account.


More Definitions of Negative Carry

Negative Carry has the meaning given to the term "Negative Carry" in the PSI LM Facility Agreement.
Negative Carry means, as of any date, with respect to the daily balance on deposit in the Disbursement Account during the period ending on such date an amount equal to the difference between interest calculated at a rate per annum equal to the Note Interest Rate on such balance and interest or other income accrued during such period (but only to the extent that such interest or other income is less than the Note Interest Rate) on Permitted Investments in the Disbursement Account.
Negative Carry means, with respect to any Distribution Date, the excess if any, of (i) the product of (A) the cost of funds with respect to all Advances accrued during the Accrual Period ending on such Distribution Date, i.e., (x) with respect to Base Rate Advances, the Federal Funds Rate, (y) with respect to Eurodollar Advances, LIBOR and (z) with respect to Commercial Paper Rate Advances, the cost of obtaining funds in the commercial paper market to fund such advances, and (B) the Average Daily Funded Percentage with respect to such Distribution Date over (ii) all Designated Series Investment Earnings with respect to such Distribution Date and with respect to all Designated Series.
Negative Carry means, with respect to any Prefunding Date, a percentage equal to (i) for the amounts in the Prefunding Account deposited by VFCC, (a) the money market yield of the rate quoted on a discount basis for commercial paper having a 30 day maturity, as made available and subsequently published by the Board of Governors of the Federal Reserve System in H.15(519) under the heading "commercial paper," plus (b) 1.425%, minus (c) the Targeted Interest Rate and (ii) for the amounts in the Prefunding Account funded by the Investors, (a) the Adjusted LIBOR Rate, (b) plus 1.425%, minus (c) the Targeted Interest Rate.
Negative Carry the meaning specified in the Security Agreement.

Related to Negative Carry

  • Diluted Receivable means that portion of any Receivable which is either (a) reduced or canceled as a result of a Dilution Factor or (b) subject to any bona fide specific dispute, offset, counterclaim or defense whatsoever.