Required Credit Support Amount definition

Required Credit Support Amount means the amount by which the network charges liability
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Required Credit Support Amount means, as of any date of determination, the greater of (a) the product of (i) the Weighted Average Life of the Eligible Contracts as of such date of determination multiplied by (ii) 2.5 multiplied by (iii) the Annualized Default Ratio for the Securitized Portfolio as of the most recent Determination Date, and (b) 9.0%.
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Required Credit Support Amount means the amount by which the network charges liability exceeds the credit allowance of the retailer.
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Examples of Required Credit Support Amount in a sentence

  • Charge Liability means the sum of an amount reasonably estimated by the Distributor at the time of a request under clause 4.9(a) or at the date on which the Distributor recalculates the Required Credit Support Amount under clause 4.9(d) or clause 4.9(e) to be 90 days’ forecast invoiced Charges and the amount of any Charge on which interest must be paid under clause 4.7(c) at the time of the request.

  • Distributor at the time of a request by the Distributor under clause 7.10(a) or at the date on which the Distributor recalculates the Required Credit Support Amount under clause 7.10(d) or (e) which is equal to the Retailer’s average billed and unbilled Distribution Service Charges Liability calculated as follows: (A x 2/3) + B + C where, A= 90 days forecast monthly billed Distribution Service Charges relating to Customers of the Retailer.

  • The Required Credit Support Amount shall initially (as of the first Link Effective Date) be US $• with respect to Credit Support to be provided by Eurex Clearing and EUR • with respect to Credit Support to be provided by The Clearing Corporation, and shall not be decreased within the first six (6) months from the first Link Effective Date.

  • The three other conference hotels are within easy walking distance of the Château Frontenac.


More Definitions of Required Credit Support Amount

Required Credit Support Amount means, the greatest of: (a) the product of (i) the Weighted Average Life of the Eligible Contracts as of such date of determination (including any Eligible Contracts to be funded on such date) multiplied by (ii) 3.0 multiplied by (iii) the average of the Annualized Default Ratios on the Securitized Portfolio for the three most recently ended Collection Periods beginning with the calendar quarter ending March 31, 2009; (b) the product of the Aggregate Implicit Principal Balance of all Eligible Contracts times 9.45%, for all dates on or prior to March 31, 2009, 9.90 %, for all dates after March 31, 2009 but on or prior to April 30, 2009, 10.35%, for all dates after April 30, 2009 but on or prior to May 31, 2009, 10.80%, for all dates after May 31, 2009 but on or prior to June 30, 2009, 11.25%, for all dates after June 30, 2009 but on or prior to July 31, 2009, 11.70%, for all dates after July 31, 2009 but on or prior to August 30, 2009 and 13.0%, for all dates after August 30, 2009; or (c) $15,000,000.
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Required Credit Support Amount means, the greater of: (a) the product of (i) the Weighted Average Life of the Eligible Contracts as of such date of determination (including any Eligible Contracts to be funded on such date) multiplied by (ii) 3.0 multiplied by (iii) the average of the Annualized Default Ratios on the Securitized Portfolio for the three most recently ended Collection Periods beginning with the calendar quarter ending March 31, 2009; (b) the product of the Aggregate Implicit Principal Balance of all Eligible Contracts times 11.90%, for all dates on or after February 25, 2010 but prior to April 30, 2010, and 13.00%, for all dates on or after April 30, 2010; or (c) $11,000,000.
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Required Credit Support Amount has the meaning provided in Section 7(a). (bbbb) •
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Required Credit Support Amount means, from the period commencing on the Phase 2 Completion Date and continuing through the end of the Term of this Agreement, an amount equal to the Termination Payment, as may be adjusted.
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Related to Required Credit Support Amount

  • Fitch Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • S&P Credit Support Amount means, for any Valuation Date, the excess, if any, of:

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • Credit Support Depletion Date The first Distribution Date on which the Certificate Principal Balances of the Subordinate Certificates have been reduced to zero.

  • Senior Credit Support Depletion Date The date on which the Class Certificate Balance of each Class of Subordinated Certificates has been reduced to zero.

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Posted Credit Support means Posted Collateral and Other Posted Support.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class B-1 % Class B-2 % Class B-3 % Class B-4 % Class B-5 % Class B-6 %

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), Paragraph 3(c)(ii) or Paragraph 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.

  • Credit Support Instrument" "Credit Support Provider"

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Required Ratings Threshold means each of the S&P Required Ratings Threshold and the Moody’s Second Trigger Ratings Threshold.

  • credit supporter means a person or company that provides a guarantee or alternative credit support for any of the payments to be made by an issuer of securities as stipulated in the terms of the securities or in an agreement governing rights of, or granting rights to, holders of the securities;

  • Substitute Credit Support has the meaning specified in Paragraph 4(d)(i).

  • Credit Support Provider has the meaning specified in the Schedule.

  • Reversed Credit Event Reference Obligation With respect to any Payment Date means a Reference Obligation formerly in the Reference Pool that became a Credit Event Reference Obligation in a prior Reporting Period that is found in the related Reporting Period, through Xxxxxxx Mac’s quality control process, to have an Underwriting Defect or a data correction that invalidates the previously determined Credit Event.

  • Credit Support Instruments has the meaning set forth in Section 3.01(a).

  • Transaction Amount means the aggregate value of all of the issued and outstanding REIT Shares using a per share value equal to the per share value paid to the Stockholders in an Extraordinary Transaction. Transfer has the meaning set forth in Section 9.2(a) hereof. Value means, with respect to REIT Shares, the average of the daily market price of such REIT Share for the ten (10) consecutive trading days immediately preceding the date of such valuation. The market price for each such trading day shall be: (i) if the REIT Shares are Listed, the sale price, regular way, on such day, or if no such sale takes place on such day, the average of the closing bid and asked prices, regular way, on such day; (ii) if the REIT Shares are not Listed, the last reported sale price on such day or, if no sale takes place on such day, the average of the closing bid and asked prices on such day, as reported by a reliable quotation source designated by the General Partner; or (iii) if the REIT Shares are not Listed and no such last reported sale price or closing bid and asked prices are available, the average of the reported high bid and low asked prices on such day, as reported by a reliable quotation source designated by the General Partner, or if there shall be no bid and asked prices on such day, the average of the high bid and low asked prices, as so reported, on the most recent day (not more than ten (10) days prior to the date in question) for which prices have been so reported; provided that if there are no bid and asked prices reported during the ten (10) days prior to the date in question, the value of the REIT Shares shall be determined by the General Partner acting in good faith on the basis of such quotations and other information as it considers, in its reasonable judgment, appropriate. In the event the REIT Shares Amount includes rights that a holder of REIT Shares would be entitled to receive, then the value of such rights shall be determined by the General Partner acting in good faith on the basis of such quotations and other information as it considers, in its reasonable judgment, appropriate.

  • S&P Required Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, a long-term unsecured and unsubordinated debt rating from S&P of “BBB+”.

  • Credit Support Default provisions of Section 5(a)(iii) will apply to Party A and will not apply to Party B.

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.