Reset Period Target Amount definition
Reset Period Target Amount means for the reset rate notes and for any distribution date that is: (1) more than one year before the next reset date, zero, and (2) one year or less before the next reset date, the highest remarketing fee payable to the remarketing agent for the reset rate notes (not to exceed 0.35% of the maximum principal balance of the reset rate notes that could be remarketed) on the next reset date as determined by the administrator based on the assumed weighted average life of the reset rate notes and the maximum remarketing fee set forth on a schedule attached to the remarketing agreement, as that schedule may be amended from time to time.
Reset Period Target Amount means for each class of reset rate notes and for any distribution date that is: (1) more than one year before the next applicable reset date, zero, and (2) one year or less before the next applicable reset date, the highest remarketing fee payable to the remarketing agent for such class of reset rate notes (not to exceed 0.35% of the maximum principal balance of each class of reset rate notes that could be remarketed) on the next related reset date as determined by the administrator based on the assumed weighted average life of such class of reset rate notes and the maximum remarketing fee set forth on a schedule attached to the remarketing agreement, as that schedule may be amended from time to time.
Reset Period Target Amount means, for the Reset Rate Notes and any Distribution Date that is (1) more than one year before the next Reset Date, zero, and (2) one year or less before the next Reset Date, the highest remarketing fee payable to the Remarketing Agents for the Reset Rate Notes (not to exceed 0.35% of the maximum principal balance of the Reset Rate Notes that could be remarketed) on the next Reset Date as determined by the Administrator based on the assumed weighted average life of the Reset Rate Notes and the maximum remarketing fee set forth on a schedule attached to the Remarketing Agreement, as such schedule may be amended from time to time.
Examples of Reset Period Target Amount in a sentence
If the amount on deposit in the Remarketing Fee Fund on any Quarterly Distribution Date, after the payment of any Remarketing Fees due on such Quarterly Distribution Date, exceeds the Reset Period Target Amount, the Issuer may direct the Indenture Trustee to transfer such excess to the Collection Fund on such Quarterly Distribution Date.
On each Monthly Calculation Date, funds will be deposited into the Remarketing Fee Account, in the priority set forth in Section 4.05 of the Base Indenture, in an amount up to the Quarterly Funding Amount; provided that if the amount on deposit in the Remarketing Fee Account, after the payment of any remarketing fees therefrom, exceeds the Reset Period Target Amount, such excess will be withdrawn on the related Monthly Calculation Date, deposited into the Collection Fund for that Monthly Calculation Date.
More Definitions of Reset Period Target Amount
Reset Period Target Amount means, for each class of Reset Rate Notes and any Distribution Date that is (1) more than one year before the next related Reset Date, zero, and (2) one year or less before the next related Reset Date, the highest remarketing fee payable to the Remarketing Agents for that class of Reset Rate Notes (not to exceed 0.35% of the maximum principal balance of such class of Reset Rate Notes that could be remarketed) on the next related Reset Date as determined by the Administrator based on the assumed weighted average life of such class of Reset Rate Notes and the maximum remarketing fee set forth on a schedule attached to the Remarketing Agreement, as such schedule may be amended from time to time.
Reset Period Target Amount means (a) for any Quarterly Distribution Date through and including the Initial Reset Date for the Class A-5a Notes, $380,000.00; and (b) for any Quarterly Distribution Date thereafter, the highest remarketing fee payable to the Remarketing Agents for the Class A-5a Notes (not to exceed 0.10% per annum of the maximum Outstanding Amount of such Class of the Reset Rate Notes that could be remarketed) on the next Reset Date, as determined by the Issuer, or by the Administrator on behalf of the Issuer, based on the assumed weighted average life of the Class A-5a Notes and the maximum remarketing fee set forth in a schedule to the Remarketing Agreement, as such schedule may be amended from time to time.
Reset Period Target Amount means, for any Quarterly Distribution Date that is (a) more than one year before the next related Reset Date, zero, and (b) one year or less before the next related Reset Date, the highest remarketing fee payable to the Remarketing Agents for the Series 2006-1 Reset Rate Notes (not to exceed [0.20]% per annum of the maximum Outstanding Principal Amount of the Series 2006-1 Reset Rate Notes that could be remarketed) on the next related Reset Date, as determined by the Issuer Administrator based on the assumed weighted average life of the Series 2006-1 Reset Rate Notes and the maximum remarketing fee set forth in a schedule to the Remarketing Agreement, as such schedule may be amended from time to time.
Reset Period Target Amount shall have the meaning assigned to such term in a Supplemental Indenture.
Reset Period Target Amount means, for each class of Reset Rate Notes and any Distribution Date that is (i) more than one year before the next Reset Date, zero, and (ii) one year or less before the next Reset Date, the highest remarketing fee payable to the Remarketing Agents for that class of Reset Rate Notes (not to exceed 0.35% of the maximum Outstanding Amount of such class of Reset Rate Notes that could be remarketed) on the next related Reset Date, as determined by the Administrator based on the assumed weighted average life of such class and the maximum remarketing fee set forth on Appendix B attached to the Remarketing Agreement, as such schedule may be amended from time to time.
Reset Period Target Amount means, with respect to each series of the Reset Rate Notes, for any Monthly Calculation Date that is (a) more than one year before the next Reset Date, zero, and (b) one year or less before the next Reset Date, the highest Remarketing Fee payable to the Remarketing Agents (not to exceed 0.35% of the maximum principal balance of the Reset Rate Notes that could be remarketed) on the next Reset Date as determined by the Issuer based on the assumed weighted average life of the Reset Rate Notes and the maximum Remarketing Fee set forth in the Remarketing Agreement, as may be amended from time to time.
Reset Period Target Amount means for any class of reset rate notes, any quarterly distribution date that is: