Reinvestment Amount definition

Reinvestment Amount has the meaning specified in the Transfer and Servicing Agreement.

Reinvestment Amount means, for any Monthly Period, an amount equal to (i) the sum of (a) the Principal Collections for such Monthly Period, (b) the Finance Charge Collections and similar amounts applied with respect to the Default Amount and the Nominal Liquidation Amount Deficit, if any, for all Series of Notes for such Monthly Period, (c) Collateral Certificate Principal Shortfall Payments for such Monthly Period, (d) the portion of the Prefunding Excess Amount, if any, paid to the Issuer pursuant to the applicable Indenture Supplement for such Monthly Period, (e) Dollar payments which will be received under Derivative Agreements with respect to principal for such Monthly Period, and (f) the aggregate amount of the accretion of principal on all Discount Notes for such Monthly Period paid pursuant to the applicable Indenture Supplement, minus (ii) the sum of (a) the aggregate principal amount deposited into the Principal Funding Accounts for all Series of Notes with respect to such Monthly Period or paid to Noteholders with respect to such Monthly Period, and (b) the aggregate amount of Principal Collections reallocated to pay the Monthly Interest, the Servicing Fee and the Default Amount for such Monthly Period.

Reinvestment Amount has the meaning set forth in the definition of “Net Cash Proceeds”.

Examples of Reinvestment Amount in a sentence

• The Collateral Manager will decide (in consultation with the relevant Subordinated Noteholder but at the discretion of the Collateral Manager) whether such Reinvestment Amount is accepted and, if so accepted, the Permitted Use to which such Reinvestment Amount would be applied.

• Subordinated Noteholders may become subject to taxation in relation to the making of a Reinvestment Amount.

• Subordinated Noteholders should consult their own tax advisers as to the tax treatment to them of making a Reinvestment Amount in accordance with Condition 3(c)(iv) (Reinvestment Amounts).

• During the Reinvestment Period, Reinvesting Noteholders may also direct that a Reinvestment Amount in respect of their Subordinated Notes be deposited into the Supplemental Reserve Account in accordance with the Priorities of Payment.

• Unless otherwise specified in the Indenture Supplement for any other Series in Shared Excess Available Principal Collections Group A, any Shared Excess Available Principal Collections for each Series in Shared Excess Available Principal Collections Group A for any Monthly Period which shall remain after application pursuant to clause (b) above shall be treated as part of the Reinvestment Amount for the Note Transfer Date in the next succeeding Monthly Period.

More Definitions of Reinvestment Amount

Reinvestment Amount has the meaning assigned to such term in Section 2.10(c).

Reinvestment Amount means, with respect to any Recovery Event, the amount of cash received by the Borrower or any Significant Subsidiary that the Borrower, by written notice delivered to the Administrative Agent on or prior to the date 10 Business Days following receipt of such cash by the Borrower or such Significant Subsidiary, certifies will be reinvested, and within one year of receipt of such cash is in fact reinvested, in assets to replace, restore or refurbish the assets that were the subject of such Recovery Event.

Reinvestment Amount has the meaning specified in Section 2.05(d).

Reinvestment Amount has the meaning set forth in the definition of the term “Net Proceeds”.

Reinvestment Amount with respect to any Reinvestment Event, the amount expended prior to the relevant Reinvestment Prepayment Date to acquire real property, equipment or other tangible assets used in or useful in the Borrower's business.

Reinvestment Amount means, with respect to any event described in clause (b) of the definition of “Net Proceeds Event,” the amount that is applied or intended by the Company in good faith to acquire assets useful in the Permitted Business or, in the case of any Property Loss Event, to repair, restore or replace the property subject to the applicable Property Loss Event; provided, however, that (a) no Default or Event of Default has occurred and is continuing and (b) the Company delivers a certificate of a Responsible Officer to the Administrative Agent stating that an amount equal to such proceeds is expected to be used within 365 days following the date of receipt of such proceeds to acquire assets useful in the Permitted Business or, in the case of any Property Loss Event, to repair, restore or replace the property subject to the applicable Property Loss Event; provided, further, that any such amount that is not used for such purpose shall become “Net Proceeds” (x) at the end of such 365 day period or (y) if the Company (directly or through one of its Subsidiaries) enters into a legally binding commitment to acquire such assets or to repair, restore or replace such property, as applicable, within such 365 day period, 545 days after the date of receipt of such proceeds.

Reinvestment Amount is defined in the definition of “Reinvestment Notice”.