Rate Cap Reserve Amount definition

Rate Cap Reserve Amount means an amount equal to the interest that would accrue on the Principal Indebtedness during the initial term or applicable Extension Term, as applicable, if the interest rate were equal to the Strike Price Delta, based on a 360 day year and the actual number of days elapsed, all as reasonably calculated by Xxxxxx.
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Rate Cap Reserve Amount means an amount, determined as of the date that the Rate Cap Reserve Funds are deposited in the Rate Cap Reserve Account in accordance with the terms and conditions of this Agreement, equal to the interest that would accrue on the then Outstanding Loan Amount during the initial term or applicable Extension Term, as applicable, if the interest rate were equal to the Strike Price Delta, based on a 360 day year and the actual number of days elapsed, all as reasonably calculated by Administrative Agent.
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Related to Rate Cap Reserve Amount

  • Business Day means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

  • Affiliate means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

  • Person means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

  • Agreement has the meaning set forth in the preamble.

  • Contract means the written agreement entered into between the purchaser and the supplier, as recorded in the contract form signed by the parties, including all attachments and appendices thereto and all documents incorporated by reference therein.

  • Services means those functional services ancillary to the supply of the goods, such as transportation and any other incidental services, such as installation, commissioning, provision of technical assistance, training, catering, gardening, security, maintenance and other such obligations of the supplier covered under the contract.

  • Company has the meaning set forth in the Preamble.

  • Code means the Internal Revenue Code of 1986, as amended.

  • Board means the Board of Directors of the Company.

  • Confidential Information has the meaning set forth in Section 6.1.

  • Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.

  • Effective Date has the meaning set forth in the preamble.

  • Exchange Act means the Securities Exchange Act of 1934, as amended.

  • Securities Act means the Securities Act of 1933, as amended.

  • Commission means the Securities and Exchange Commission.

  • Director means a member of the Board.

  • Act means the Securities Act of 1933, as amended.