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

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

  • As the TDA is a special project not regularly assigned to a position, the compensation will be determined based on the specific project to be performed.

  • The Deleveraging Notice shall specify the relevant Additional Senior Amount which shall be determined in such Senior Purchaser's sole and absolute discretion; provided that such amount when taken together with the Additional Senior Amounts specified in any Deleveraging Notices of each other Senior Purchaser and the aggregate amount of Additional Loans provided in respect of such Potential Unwind Event pursuant to Section 2.9(a), shall not exceed the relevant Collateral Call Amount.

  • 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.

  • 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.

  • USD185,637,178 of the proceeds of the Initial Principal Amount have been used to repay Subordinated Noteholder Contributions in part and the remaining proceeds have been deposited into the Collection Account and (i) may be used by the Issuer for the acquisition of the Sage Crest Policies, and (ii) used as reserves for the repayment of Senior Amounts (as more particularly described in the section headed "The Note Purchase Agreement").

  • For the avoidance of doubt, if the sum of (i) the aggregate of the Additional Senior Amounts specified in the Deleveraging Notices delivered by the Senior Purchasers pursuant to this Section 2.9(b) and (ii) the aggregate amount of Additional Loans provided by Additional Loan Funders pursuant to Section 2.9(a), each with respect to such Potential Unwind Event, is equal to the relevant Collateral Call Amount, no Terminal Unwind Event shall occur in connection with such Potential Unwind Event.

Related to Senior Amounts

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

  • Subordinated Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • 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 For any Purchased Asset, all payments and prepayments of principal received for such Purchased Asset, including insurance and condemnation proceeds which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied and recoveries of principal from liquidation or foreclosure which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied.

  • 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.

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • 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.

  • 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.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Principal Debt means the aggregate unpaid principal balance of this Note at the time in question.

  • 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.

  • Senior Subordinate Certificates The Class B1, Class B2 and Class B3 Certificates.

  • Loan Group Cap The Loan Group I Cap or the Loan Group II Cap, as applicable.

  • 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.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Subordinated Principal Distribution Amount As to any Distribution Date and Loan Group, the sum of the following with respect to each Loan Group: (i) the Subordinated Percentage of the applicable Non-PO Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount with respect to such Loan Group and such Distribution Date, (ii) with respect to any Mortgage Loan in the related Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect thereto remaining after application thereof pursuant to clause (ii) of the definition of Senior Principal Distribution Amount for that Loan Group, up to the Subordinated Percentage of the applicable Non-PO Percentage of the Stated Principal Balance of such Mortgage Loan, and (iii) the Subordinated Prepayment Percentage of the applicable Non-PO Percentage of the amounts described in subclause (f) of clause (i) of the definition of Non-PO Formula Principal Amount with respect to that Loan Group for such Distribution Date, reduced by the amount of any payments in respect of Class PO Deferred Amounts for such Distribution Date; provided, however, that on any Distribution Date after a Senior Termination Date, the Subordinated Principal Distribution Amount will not be calculated by Loan Group but will equal the amount calculated pursuant to the formula set forth above based on the applicable Subordinated Percentage and Subordinated Prepayment Percentage for the Subordinated Certificates for such Distribution Date with respect to all of the Mortgage Loans as opposed to the Mortgage Loans only in the related Loan Group.

  • Unpaid Realized Loss Amount With respect to any Class of Subordinated Certificates and as to any Distribution Date, is the excess of (i) the Applied Realized Loss Amounts with respect to such Class over (ii) the sum of (a) all distributions in reduction of such Applied Realized Loss Amounts on all previous Distribution Dates, and (b) the amount by which the Class Certificate Balance of such Class has been increased due to the distribution of any Subsequent Recoveries on all previous Distribution Dates. Any amounts distributed to a Class of Subordinated Certificates in respect of any Unpaid Realized Loss Amount will not be applied to reduce the Class Certificate Balance of such Class.

  • Initial Subordinate Class Percentage As defined in the Series Supplement.

  • Subordinate Net Funds Cap With respect to any Distribution Date, an amount equal to the weighted average of the Pool 1 Net Funds Cap and the Pool 2 Net Funds Cap, weighted on the basis of the Pool Subordinate Amount for each Mortgage Pool; provided, however, that on any Distribution Date after which the aggregate Class Principal Amount of the Senior Certificates relating to any Mortgage Pool has been reduced to zero, such weighting shall be on the basis of the Pool Balance of each Mortgage Pool.