Senior Amounts definition

Senior Amounts as defined in Section 2.8.
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Senior Amounts means any amounts due and payable to other Transaction Parties that would rank in priority to the Instrumentholders pursuant to the Application of Liquidation Proceeds specified in the applicable Series Terms. 2. Additional Interest Amounts In addition to and notwithstanding any other interest payable to Instrumentholders pursuant to Master Condition 7 (Interest) on the date falling 3 Business Days after the date on which the Issuer receives any Loan Level Indemnity, the Issuer shall pay to Instrumentholders an Additional Interest Amount on each Instrument as an additional interest distribution. Where:
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Senior Amounts means, without duplication, (i) Premiums, (ii) Senior Note Trustee Fees,(iii) Subordinated Trustee Fees, (iv) Security Trustee Fees, (v) Securities Intermediary Fees,
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Examples of Senior Amounts in a sentence

  • Following the occurrence of a Segregation Event but prior to the occurrence of an Issuer Event, the Servicer will apply the amounts standing to the credit of the Transaction Account and the amounts standing to the credit of the Collection Accounts to pay or make provision for the payment of all Senior Amounts.

  • If, prior to such Affiliated Disqualified Policy Sale, the Outstanding Principal Amount shall have been repaid by an amount equal to the Required Pro Rata Current Basis Paydown Amount for such Policy, including pursuant to clauses (g), (h), (i), (j) or (m) of Section 2.9 of the Note Purchase Agreement or clause (b) of Section 5.24, of the Note Purchase Agreement then the proceeds of such sale shall remain on deposit in the Collection Account for the payment of the Senior Amounts.

  • To the extent that, as of 45 days prior to any Payment Date, there are insufficient funds on deposit in the Collection Account to pay the estimated Senior Amounts on such Payment Date, the Issuer has undertaken to request Subordinated Note Contributions in the amount of such deficiency pursuant to the terms of the Subordinated Noteholder Documents and deposit such Subordinated Note Contributions into the Collection Account on or prior to the Payment Date in immediately available funds.

  • If, prior to such Non-Affiliated Disqualified Policy Sale, the Outstanding Principal Amount shall have been repaid by an amount equal to the Required Pro Rata Current Basis Paydown Amount for such Policy, including pursuant to clauses (g), (h), (i), (j) or (m) of Section 2.9 of the Note Purchase Agreement or clause (b) of Section 5.24 of the Note Purchase Agreement, then the proceeds of such sale shall remain on deposit in the Collection Account for the payment of the Senior Amounts.

  • The proceeds of the Collateral, prior to the occurrence of an Unmarred Event of Default, shall be used to pay (a) Premiums on the Policies and other Senior Amounts when due and payable, (b) the Required Pro Rata Current Basis Paydown Amount when due and payable and (c) on each Payment Date after all Senior Amounts have been paid in full, may be used, at the election of the Issuer to prepay the Outstanding Principal Amount or shall remain on deposit in the Collection Account to pay future Senior Amounts.

  • If, prior to such Affiliated Disqualified Policy Sale, the outstanding principal amount shall have been repaid by an amount equal to the Required Pro Rata Current Basis Paydown Amount for such Policy, including pursuant to clauses (g), (h), (i), (j) or (m) of Section 2.9 of the Note Purchase Agreement or clause (b) of Section 5.24, of the Note Purchase Agreement then the proceeds of such sale shall remain on deposit in the Collection Account for the payment of the Senior Amounts.

  • If not, the outstanding principal amount shall be repaid by an amount equal to the Required Pro Rata Current Basis Paydown Amount for such Policy and if the proceeds of the sale of such Affiliated Disqualified Policy Sale are greater than the Required Pro Rata Current Basis Paydown Amount, the difference shall remain on deposit in the Collection Account for the payment of the Senior Amounts.

  • If not, the Outstanding Principal Amount shall be repaid by an amount equal to the Required Pro Rata Current Basis Paydown Amount for such Policy and if the proceeds of the sale of such Affiliated Disqualified Policy Sale are greater than the Required Pro Rata Current Basis Paydown Amount, the difference shall remain on deposit in the Collection Account for the payment of the Senior Amounts.

  • Within 45 days prior to a Payment Date, the Issuer has undertaken to determine the Senior Amounts payable on such Payment Date.

Related to Senior Amounts

  • Floor Amount means the greatest pre-tax amount of Potential Parachute Payments that could be paid to Executive without causing Executive to become liable for any Excise Taxes in connection therewith; and

  • Senior Reduction Amount With respect to any Payment Date is either:

  • Other Amounts has the meaning specified in Section 6(f).

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Senior Class Debt has the meaning assigned to such term in Section 8.09.

  • Class B Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) the Class B Floating Percentage of the Reallocated Investor Finance Charge Collections and (b) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class B Floating Percentage of the Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date.

  • Principal Payments means all payments of principal made pursuant to the terms of the Note.

  • Secured Amounts means all money and amounts, including interest or payments in the nature of interest, that the Customer is or may become liable at any time to pay to or for the account of the Secured Party and includes money and amounts:

  • Subordinate Class Percentage With respect to any Distribution Date and any Class of Subordinate Certificates, a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of such Class of Subordinate Certificates immediately prior to such date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Trigger Amount with respect to Extraordinary Trust Expenses for the Trust is $25,000 and the Maximum Reimbursable Amount is $100,000. The Trustee Fee will be paid by the Expense Administrator. Expenses will be reimbursed by the Expense Administrator in accordance with the Expense Administration Agreement.

  • Class A Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class A Floating Percentage of Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date, (b) the Class A Floating Percentage of the Reallocated Investor Finance Charge Collections and (c) the amount of funds, if any, to be withdrawn from the Reserve Account which, pursuant to subsection 4.12(d), are required to be included in Class A Available Funds with respect to such Distribution Date.

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Available Funds Cap Any of the Class A-1 Available Funds Cap, the Class A-2 Available Funds Cap or the Weighted Average Available Funds Cap.

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

  • Principal Debt means, for a Lender and at any time, the unpaid principal balance of all outstanding Borrowings from such Lender hereunder.

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

  • Junior Subordinate Certificates The Class B-4, Class B-5 and Class B-6 Certificates.

  • Carryover Amount for any Holder means, with respect to any registered offering in which such Holder elected not to participate after receipt of a notice under Section 2.2(a), a number of Registrable Securities equal to the number of Registrable Securities then held by such Holder, multiplied by a fraction (expressed as a percentage), the numerator of which is equal to the number of Registrable Securities sold by the Holder that sold the most Registrable Securities in such offering and the denominator of which is the number of Registrable Securities held by such Holder immediately prior to such offering.

  • Realized Losses means, with respect to any Receivable that becomes a Liquidated Receivable, the excess of the Principal Balance of such Liquidated Receivable over Net Liquidation Proceeds to the extent allocable to principal.