Required Capital Amount definition

Required Capital Amount means the amount specified as such in the Series Supplement therefor.

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Required Capital Amount means, as of any date of determination, an amount equal to the greater of (a) 3% of the Aggregate Commitment under the Credit and Security Agreement, and (b) the product of (i) 1.5 times the product of the Default Ratio times the Default Horizon Ratio, each as determined from the most recent Monthly Report received from the Servicer under the Credit and Security Agreement, and (ii) the Outstanding Balance of all Receivables as of such date, as determined from the most recent Monthly Report received from the Servicer under the Credit and Security Agreement.

Required Capital Amount means with respect to any Series, the amount required to be deposited in the Capital Subaccount on the Series Issuance Date of such Series, as specified in the related Series Supplement.

Examples of Required Capital Amount in a sentence

The Required Capital Amount for the Series 2026-A System Restoration Bonds shall be equal to 0.50% of the initial principal amount thereof.
Prior to or concurrently with the issuance of the System Restoration Bonds, the Member shall deposit into the Capital Subaccount an amount equal to the Required Capital Amount, which amount shall not come from the proceeds of the sale of the System Restoration Bonds.
The Borrower shall not permit the Borrower’s Net Worth to be less than the Required Capital Amount.
Prior to the initial Payment Date, all amounts in the Collection Account (other than funds deposited into the Capital Subaccount up to the Required Capital Amount) shall be allocated to the General Subaccount.
If any Subordinated Loan remains outstanding, the Seller shall not permit the Seller’s Net Worth to be less than the Required Capital Amount.

More Definitions of Required Capital Amount

Required Capital Amount means, as of any date of determination, an amount equal to the product of (i) the Loss Reserve Percentage at such time times (ii) the Net Receivables Pool Balance at such time.

Required Capital Amount has the meaning set forth in Section 5(e) of this Supplement.

Required Capital Amount has the meaning set forth in the Purchase and Sale Agreement.

Required Capital Amount means, as of any date of determination, an amount equal to the sum of (i) the twenty-four month rolling average of Dilutions, plus (ii) the result obtained in the foregoing clause (i) of this definition, multiplied by 10%.

Required Capital Amount means a capital contribution in an amount equal to the amount specified in the Supplement, representing a capital contribution from CenterPoint Houston.

Required Capital Amount means $10,000,000.

Required Capital Amount means $15,000,000.