Payment Waterfall definition

Payment Waterfall is defined in Section 4.1(e).
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Payment Waterfall means the payment waterfall set out in Condition 4(b) (as amended herein)
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Payment Waterfall has the meaning given to it in Clause 23.45 (Payment Waterfall).
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Examples of Payment Waterfall in a sentence

  • If the Series B Bond Defeasance Date occurs prior to the CVI Maturity Date, the CVI shall be payable from that portion of Net Revenues constituting the Remaining Legacy Charge Revenues deposited to the credit of the Debt Service Fund in accordance with the Payment Waterfall until the earlier of (a) the date on which the CVI Notional Amount has been paid in full and (b) the CVI Maturity Date.

  • Monthly recall of the bonds will be made in accordance with the Payment Waterfall, if the available funds for payment to bondholders exceed EUR 100,000.

  • From and after the Effective Date, until the New Bonds, Refunding Bonds, and/or CVI have been paid or satisfied in full in accordance with their terms, Reorganized PREPA shall deposit, in accordance with the Payment Waterfall, Net Revenues up to the amount of the Legacy Charge Revenues with respect to the New Bonds and up to the amount of the Remaining Legacy Charge Revenues with respect to the CVI to the credit of the Debt Service Fund which shall be held by the New Master Trustee.

  • For the avoidance of doubt, (i) the New Bonds shall not have a priority of payment senior to that of the Additional Bonds; provided, however, that the Revenues securing any Additional Bonds exclude during the applicable periods an amount up to the Legacy Charge Revenues and Remaining Legacy Charge Revenues, as applicable, and (ii) the Payment Waterfall in the New Master Indenture will reflect the application and transfer of Revenues pledged to the payment of debt service on Additional Bonds.

  • If the New Bonds and the Refunding Bonds are satisfied in full in accordance with their terms prior to the CVI Maturity Date, the CVI shall be payable from that portion of Net Revenues constituting the Remaining Legacy Charge Revenues deposited to the credit of the Debt Service Fund in accordance with the Payment Waterfall until the earlier of (a) the date on which the CVI Notional Amount has been paid in full and (b) the CVI Maturity Date.

  • Payments received from the realization of the Portfolio may be used in accordance with the Payment Waterfall as specified in Section 4.4. of this Information Prospectus.

  • In the event of any conflict between Schedule 17 (Payment Waterfall) and any other provisions of this Agreement (including this Schedule 6), the other provisions of this Agreement (including this Schedule 6) shall prevail.

  • Treatment: Subject to the Payment Waterfall, each Holder of an Allowed Other Priority Claim shall receive a Cash payment equal to the Allowed Amount of such claim from the applicable Distribution Escrow Sub-Account of the Plan Debtor against whom its claim is Allowed.

  • Monthly bond recall shall be made if the available funds for payment to bondholders, in accordance with the Payment Waterfall as specified in Section4.4 of this Information Prospectus, exceed EUR 100,000.

  • If an educational psychologist assessment is older than three years, or there is a need to acquire new / further testing, ICS London can support Parents / caregivers with finding an external educational psychologist / relevant medical professional.


More Definitions of Payment Waterfall

Payment Waterfall means the following notional order of priority in which any Freely Available Cash is required be applied (without duplication):
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Payment Waterfall we confirm that in respect of the Financial Quarter to which this Compliance Certificate relates: (a) the Freely Available Cash as at the first day of that Financial Quarter is U.S.$[ ]; (b) the Freely Available Cash as at the final day of that Financial Quarter is U.S.$[ ]; (c) the Surplus Cash as at the first day of that Financial Quarter is U.S.$[ ]; (d) the Surplus Cash as at the final day of that Financial Quarter is U.S.$[ ]; and (e) amounts in respect of each item of the Payment Waterfall has been applied or retained during that Financial Quarter for the purpose of that item as follows: [insert reasonable details of how each item has been funded / how amounts have been set aside]. Signed Chief Financial Officer of [Borrower] Director of [Borrower] [insert applicable certification language] for and on behalf of [name of Auditors of the Borrower]* By: NOTES: * Only applicable if the Compliance Certificate accompanies the audited financial statements and is to be signed by the Auditors. To be agreed with the Borrower’s auditors prior to signing the Facility Agreement. LMA FORM OF CONFIDENTIALITY UNDERTAKING Date: [ ] To: To: Giant Merger Limited Re: U.S.$850,000,000 facility agreement (the “Facility Agreement”) between, the Company, Giant Investment Limited, China Minsheng Banking Corp., Ltd., Hong Kong Branch, BNP Paribas Hong Kong Branch, Credit Suisse AG, Singapore Branch, Deutsche Bank AG, Singapore Branch, Xxxxxxx Xxxxx (Asia) L.L.C., ICBC International Finance Limited and JPMorgan Chase Bank, N.A., as mandated lead arrangers and bookrunners, Bank of China Limited Macau Branch, Cathay United Bank Company, Limited, Hong Kong Branch, China Merchants Bank Co., Ltd. Hong Kong Branch, ING Bank N.V., Singapore Branch and Ping An Bank Co., Ltd. as mandated lead arrangers and Xxx Xxx Commercial Bank, Ltd., Offshore Banking Branch, Luso International Banking Ltd. and Mega International Commercial Bank Co., Ltd., Offshore Banking Branch as arrangers (together, the “Arrangers”), the financial institutions listed in Part II of Schedule 1 thereto as lenders, the entities listed in Part III of Schedule 1 thereto as hedge counterparties, BNP Paribas, as agent and as security agent (as amended and/or supplemented from time to time). Borrower: Giant Merger Limited (the “Company”) Date: [ ] Facility: U.S.$850,000,000 Agent: BNP Paribas Dear Sirs We understand that you are considering participating in the Facility. In consideration of us agreeing to make available t...
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Payment Waterfall means the order in which Advances and Revenues shall be applied as set out in schedule 2;
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Payment Waterfall means: (i) in connection with the application, payment or distribution of proceeds of any ABL Priority Collateral (including without limitation in connection with any prepayment of the ABL Debt received pursuant to the ABL Loan Documents as a result of the disposition of any ABL Priority Collateral but excluding Ordinary Course Collections) pursuant to the applicable terms hereof, the following order: (A) first, to the ABL Agent to be applied pursuant to the ABL Loan Documents until the ABL Priority Debt has been Paid in Full; (B) second, to the Term Loan Agent to be applied pursuant to the Term Loan Documents until the Term Priority Debt has -11-
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Payment Waterfall has the meaning set forth in Section 2.06(a).
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Payment Waterfall means the payment waterfall set out in schedule 2 to the Operating Agreement and administered in accordance with clause 10 (Revenues and Payment Waterfall) of the Operating Agreement;
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Related to Payment Waterfall

  • Payment Amount as defined in Section 3.5.

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • AHYDO Catch-Up Payment means any payment with respect to any obligations of the Borrower or any Restricted Subsidiary, in each case to avoid the application of Section 163(e)(5) of the Code thereto.

  • Monthly Remittance Amount The sum of the Group I Monthly Remittance Amount and the Group II Monthly Remittance Amount.

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Interest Transfer Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month's interest on the applicable Principal Transfer Amount at the weighted average Certificate Interest Rate of the applicable Undercollateralized Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.

  • Group I 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 I Mortgage Loans.

  • VWAP Purchase Amount means, with respect to any particular VWAP Purchase Notice, the portion of the Available Amount to be purchased by the Buyer pursuant to Section 1(c) hereof pursuant to a valid VWAP Purchase Notice which requires the Buyer to buy the VWAP Purchase Share Percentage of the aggregate shares traded on the Principal Market during normal trading hours on the VWAP Purchase Date up to the VWAP Purchase Share Volume Maximum, subject to the VWAP Minimum Price Threshold.

  • Payment Condition shall be deemed to be satisfied in connection with a Restricted Payment, Restricted Debt Payment, investment or Permitted Acquisition if:

  • Principal Payment Any payment of principal on a Mortgage Loan other than a Principal Prepayment.

  • Optimal Interest Remittance Amount For any Distribution Date, the excess of (i) the product of (1) (x) the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period less the Premium Percentage, divided by (y) 12 and (2) the applicable Aggregate Collateral Balance for the immediately preceding Distribution Date, over (ii) any expenses that reduce the Interest Remittance Amount that do not arise as a result of a default or delinquency of the Mortgage Loans.

  • Interest Remittance Amount For any Distribution Date and Loan Group, an amount equal to the sum of (1) all interest collected (other than related Payaheads, if applicable) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Loan Group during the related Collection Period, the interest portion of Payaheads previously received and intended for application in the related Collection Period and the interest portion of all Payoffs and Curtailments received on the Mortgage Loans in such Loan Group during the related Prepayment Period (other than interest on Principal Prepayments that occur during the portion of the Prepayment Period that is in the same calendar month as the related Distribution Date), less (x) the Servicing Fees (other than any Excess Servicing Fee) and any lender paid Primary Insurance Policy premiums with respect to such Mortgage Loans and (y) unreimbursed Advances and other amounts due to a Servicer, the Back-Up Servicer or the Trustee with respect to such Mortgage Loans, to the extent allocable to interest, (2) all Compensating Interest Payments paid by a Servicer with respect to the related Mortgage Loans with respect to such Distribution Date, (3) the portion of any Substitution Adjustment Amount and Repurchase Price paid with respect to such Mortgage Loans during the calendar month immediately preceding the Distribution Date, in each case allocable to interest and the proceeds of any purchase of the Mortgage Loans by the Terminating Entity pursuant to Section 9.01 in an amount not exceeding the interest portion of the Par Value, (4) all Net Liquidation Proceeds, and any Insurance Proceeds and other recoveries (net of unreimbursed Advances, Servicing Advances and expenses, to the extent allocable to interest, and unpaid Servicing Fees) collected with respect to such Mortgage Loans during the prior calendar month, to the extent allocable to interest, (5) any amounts withdrawn from the Capitalized Interest Amount to pay interest on the related Certificates with respect to such Distribution Date and (6) the aggregate Excess Servicing Fee to be distributed to the Class A-IO-S Certificates.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Purchase Amount means the total amount being paid by the Investor on a particular Closing Date to purchase the Securities.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • 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.

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

  • AHYDO Payment means any mandatory prepayment or redemption pursuant to the terms of any Indebtedness that is intended or designed to cause such Indebtedness not to be treated as an “applicable high yield discount obligation” within the meaning of Section 163(i) of the Code.

  • Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.