Quarterly Required Amount definition

Quarterly Required Amount means, for the reset rate notes, (1) on any reset date, the Reset Period Target Amount or (2) on a distribution date that is one year or less before the next reset date (x) the Reset Period Target Amount multiplied by (y) 5 minus the number of distribution dates remaining until the next reset date for the reset rate notes (excluding the current distribution date and including the next reset date), divided by (z) 5.
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Quarterly Required Amount means, for each class of Reset Rate Notes, (1) on any related Reset Date, the Reset Period Target Amount for that class or (2) on a Distribution Date that is one year or less before the next related Reset Date (x) the Reset Period Target Amount for that class multiplied by (y) five (5) minus the number of Distribution Dates remaining until the next Reset Date for that class (excluding the current Distribution Date and including the next Reset Date), divided by (z) five (5).
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Quarterly Required Amount means (a) on any related Reset Date, the Reset Period Target Amount or (b) on a Quarterly Distribution Date that is one year or less before the next related Reset Date (i) the Reset Period Target Amount multiplied by (ii) five (5) minus the number of Quarterly Distribution Dates remaining until the next Reset Date (excluding the current Quarterly Distribution Date and including the next Reset Date), divided by (iii) five (5).
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Examples of Quarterly Required Amount in a sentence

  • Beginning on the Distribution Date that is one year prior to a Reset Date and through such Reset Date, the Trust shall deposit into the Remarketing Fee Account, available funds, up to the related Quarterly Required Amount on each such Distribution Date, until the balance on deposit in the Remarketing Fee Account reaches the Reset Period Target Amounts for all classes of Reset Rate Notes prior to payment of interest on the Notes.


More Definitions of Quarterly Required Amount

Quarterly Required Amount means, for any class of reset rate notes, (1) on any related reset date, the Reset Period Target Amount for that class or (2) on a distribution date that is one year or less before the next related reset date (x) the Reset Period Target Amount for such class multiplied by (y) 5 minus the number of distribution dates remaining until the next related reset date for that class (excluding the current distribution date and including the next related reset date), divided by (z) 5.
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Quarterly Required Amount. ’ means the amount determined by the Calculation Agent to be
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Quarterly Required Amount means, for each class of Reset Rate Notes, (i) on any Reset Date, the Reset Period Target Amount, or (ii) on a Distribution Date that is one year or less before the next Reset Date (a) the Reset Period Target Amount multiplied by (b) 5 minus the number of Distribution Dates remaining until the next Reset Date (excluding the current Distribution Date and including the next Reset Date), divided by (c) 5.
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Quarterly Required Amount means, for any class of reset rate notes:
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Related to Quarterly Required Amount

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.

  • Required Accumulation Reserve sub-Account Amount means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2019-1) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 28.00% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.

  • Covered Amount means, for any Distribution Date with respect to the Controlled Accumulation Period or the first Special Payment Date, if such Special Payment Date occurs prior to the date the Class A Invested Amount is paid in full, an amount equal to the sum of (x) with respect to the Class A Certificates, the product of (i) the Class A Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and, (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class A Certificates and (y) with respect to the Class B Certificates, the product of (i) the Class B Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class B Certificates.