Quarterly Funding Amount means, with respect to the reset rate notes and for any distribution date that is: (1) more than one year before the next reset date, zero, and (2) one year or less before the next reset date, an amount to be deposited in the remarketing fee account so that the amount therein in respect of the reset rate notes equals the Quarterly Required Amount; provided, however, that if on any distribution date that is not a reset date, the amount on deposit in the remarketing fee account in respect of the reset rate notes is greater than the Quarterly Required Amount, the excess will be transferred to the collection account and included in Available Funds for that distribution date.
Quarterly Funding Amount means, for each class of Reset Rate Notes, for any Distribution Date that is (1) more than one year before the next related Reset Date, zero and (2) one year or less before the next related Reset Date, an amount to be deposited into the Remarketing Fee Account for the Reset Rate Notes so that the amount therein in respect of that class equals the Quarterly Required Amount for that class; provided, however, that if on any Distribution Date that is not a Reset Date, the amount on deposit in the Remarketing Fee Account in respect of that class is greater than the Quarterly Required Amount for that class, such excess will be transferred to the Collection Account and included in Available Funds for that Distribution Date.
Quarterly Funding Amount means, for the Reset Rate Notes, for any Distribution Date that is (1) more than one year before the next Reset Date, zero and (2) one year or less before the next Reset Date, an amount to be deposited into the Remarketing Fee Account for the Reset Rate Notes so that the amount therein equals the Quarterly Required Amount; provided, however, that if on any Distribution Date that is not a Reset Date, the amount on deposit in the Remarketing Fee Account is greater than the Quarterly Required Amount, such excess will be transferred to the Collection Account and included in Available Funds for that Distribution Date.
Examples of Quarterly Funding Amount in a sentence
On each Distribution Date, Available Funds will be deposited into the Remarketing Fee Account, prior to the payment of interest on any class of Notes, in an amount up to the Aggregate Quarterly Funding Amount.
On each Quarterly Distribution Date, an amount up to the Quarterly Funding Amount shall be deposited to the Remarketing Fee Fund pursuant to Section 5.05(c)(i) hereof.
Each Lender, by delivering its signature page to this Agreement and funding the first Quarterly Funding Amount on the Closing Date, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be approved by Administrative Agent, Required Lenders or Lenders, as applicable, on the Closing Date.
On each Quarterly Distribution Date, Revenues will be deposited into the Remarketing Fee Fund, in the priority set forth in Section 5.05(c) of the Indenture, in an amount up to the Quarterly Funding Amount.
Administrative Agent shall have received a report and invoice of Program Expenses and a calculation of the Quarterly Funding Amount with respect to the Calendar Quarter ended March 31, 2019, all in accordance with Section 2.6, except that the time period for delivery of such shall be not later than five (5) Business Days prior to the Closing Date.
More Definitions of Quarterly Funding Amount
Quarterly Funding Amount means, for the Reset Rate Notes for any Quarterly Distribution Date (a)(i) the Reset Period Target Amount for that Quarterly Distribution Date, minus (ii) the amount on deposit in the Remarketing Fee Fund immediately prior to that Quarterly Distribution Date; divided by (b) the number of Quarterly Distribution Dates from and excluding that Quarterly Distribution Date through and including the next Reset Date for the Reset Rate Notes.
Quarterly Funding Amount means $5 million.
Quarterly Funding Amount means with respect to any class of reset rate notes and for any distribution date that is: (1) more than one year before the next related reset date, zero; and (2) one year or less before the next related reset date, an amount to bedeposited in the remarketing fee account so that the amount therein in respect of that class of reset rate notes equals the Quarterly Required Amount for such class; provided, however, that if on any distribution date that is not a reset date, the amount on deposit in the remarketing fee account in respect of such class is greater than the Quarterly Required Amount for that class, the excess will be transferred to the collection account and included in Available Funds for that distribution date.
Quarterly Funding Amount means, for the Series 2007-1 Reset Rate Notes, for any Quarterly Distribution Date that is (a) more than one year before the next related Reset Date, zero and (b) one year or less before the next related Reset Date, an amount to be deposited into the Remarketing Fee Account in respect of the Series 2007-1 Reset Rate Notes so that the amount therein equals the Quarterly Required Amount for the Series 2007-1 Reset Rate Notes; provided, however, that if on any Monthly Calculation Date that is not a Reset Date, the amount on deposit in the Remarketing Fee Account in respect of the Series 2007-1 Reset Rate Notes is greater than the Quarterly Required Amount, such excess will be transferred to the Collection Fund on that Monthly Calculation Date.
Quarterly Funding Amount means with respect to any class of reset rate notes and for any quarterly distribution date that is:
Quarterly Funding Amount means, for each class of Reset Rate Notes, for any Distribution Date that is (i) more than one year before the next Reset Date, zero, and (ii) one year or less before the next Reset Date, an amount to be deposited in the Remarketing Fee Account for that class so that the amount therein equals the Quarterly Required Amount; provided, however, that if on any Distribution Date that is not a Reset Date, the amount on deposit in the Remarketing Fee Account is greater than the Quarterly Required Amount, such excess will be transferred to the Collection Account and included in Available Funds for that Distribution Date.
Quarterly Funding Amount means, with respect to a Calendar Quarter (commencing with the Calendar Quarter ended March 31, 2019 and ending on the Calendar Quarter ended September 30, 2022) the lesser of: (a) the total Program Expenses incurred by Company in such Calendar Quarter plus an amount equal to (i) the total Program Expenses incurred by Company in all Calendar Quarters commencing with the Calendar Quarter commencing January 1, 2019 and prior to such Calendar Quarter minus (ii) the amount of all Quarterly Funding Amounts previously funded by the Lenders, and (b) an amount equal to (i) one hundred ten percent (110%) of the aggregate amount set forth in the Quarterly Budget for such Calendar Quarter and all prior Calendar Quarters (as reflected on the final row of Exhibit A entitled “Cumulative Total + 10% Overage”), less (ii) the amount of all Quarterly Funding Amounts previously funded by the Lenders.