Senior Class Facility Limit definition

Senior Class Facility Limit means, (i) with respect to the Senior Class of which EFC is a member, $250,000,000, and (ii) with respect to the Senior Class of which RCC is a member, $150,000,000, and (iii) with respect to any other Class, the amount indicated in any supplement hereto for such Senior Class; provided that in each case such amount may not at any time exceed the aggregate Commitments for the related Bank Investors.
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Senior Class Facility Limit shall have the meaning specified in the Certificate Purchase Agreement.
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Senior Class Facility Limit means, (i) with respect to the Senior Class of which EFC is a member, $105,000,000, (ii) with respect to the Senior Class of which Falcon is a member, $105,000,000, (iii) with respect to the Senior Class of which Windmill is a member, $105,000,000, and (iv) with respect to any other Class, the amount indicated in any supplement hereto for such Senior Class; provided that in each case such amount may not at any time exceed the aggregate Commitments for the related Bank Investors.
Sample 1

More Definitions of Senior Class Facility Limit

Senior Class Facility Limit means, (i) with respect to the Senior Class of which EFC is a member, $75,000,000, and (ii) with respect to the Senior Class of which RCC is a member, $50,000,000, and (iii) with respect to any other Class, the amount indicated in any supplement hereto for such Senior Class; provided that in each case such amount may not at any time exceed the aggregate Commitments for the related Bank Investors. "Series Supplement" shall have the meaning specified in the recitals hereto. "Subordinated Note" shall have the meaning specified in the Receivables Purchase Agreements. "Taxes" shall have the meaning set forth in Section 4.3 hereof. "Telerate Page 3750" shall mean the British Bankers Association Libor Rates (determined at 11:00 a.m. London time) that are published by Dow Jones Teleratx, Xxc. "Termination Date" shall mean the earliest of (i) the Business Day designated by the Transferor to the Agent and each Senior Class Agent as the termination date at any time following 60 days' written notice to the Agent and each Senior Class Agent, (ii) the date on which a Pay Out Event is declared or automatically occurs pursuant to the Master Pooling and Servicing Agreement or the Series Supplement, (iii) the Stated Series Termination Date, (iv) two Business Days prior to the Commitment Termination Date, (v) the Reinvestment Termination Date and (vi) the date on which a Program Support Agreement shall have terminated. "Termination Event" shall, solely for the purposes of this Agreement and any Program Support Agree- ment, have the same meaning as "Pay Out Event" under the Master Pooling and Servicing Agreement and the Series Supplement. "Transaction Costs" shall have the meaning set forth in Section 4.4 hereof. "Transaction Documents" shall mean, collec- tively, this Agreement, each Receivables Purchase Agree- ment, the Master Pooling and Servicing Agreement, the Series Supplement, the Fee Letter, the Certificates and all of the other instruments, documents and other agreements executed and delivered by the Transferor or any Eligible Originator in connection with any of the foregoing in connection with Series 1997-1, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to time. "Transferor" shall mean Proffitt's Crxxxx Corporation, a Nevada corporation, together with its suc- cessors and permitted assigns. SECTION 2
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Related to Senior Class Facility Limit

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

  • Senior Class means, with respect to the Class B Notes, the Class A Notes.

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

  • Additional Senior Class Debt has the meaning assigned to such term in Section 5.13.

  • 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.

  • Original Class B-6 Percentage The Class B-6 Percentage as of the Cut-Off Date, as set forth in Section 11.13.

  • Requisite Class Lenders means, at any time of determination (i) for the Class of Lenders having Revolving Loan Exposure, Lenders having or holding more than 50% of the aggregate Revolving Loan Exposure of all Lenders, and (ii) for the Class of Lenders having Term Loan Exposure, Lenders having or holding more than 50% of the aggregate Term Loan Exposure of all Lenders.

  • Original Class B-4 Percentage The Class B-4 Percentage as of the Cut-Off Date, as set forth in Section 11.11.

  • Original Class B-3 Percentage The Class B-3 Percentage as of the Cut-Off Date, as set forth in Section 11.10.

  • Subordinated Optimal Principal Amount With respect to each Mortgage Pool and each Distribution Date, an amount equal to the sum of the following (but in no event greater than the aggregate Class Certificate Balances of the Subordinated Certificates immediately prior to such Distribution Date):

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • 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).

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Original Class A Percentage The Class A Percentage as of the Cut-Off Date, as set forth in Section 11.04.

  • Undercollateralized Amount As defined in Section 4.01(b)(iii).

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cut-off Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Additional Senior Class Debt Parties has the meaning assigned to such term in Section 5.13.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Original Class B-5 Percentage The Class B-5 Percentage as of the Cut-Off Date, as set forth in Section 11.12.

  • Class B-4 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class A Deficiency Amount is defined in Section 4.1(a).

  • Undercollateralized Group As defined in Section 4.03.

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

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • New Class Loans shall have the meaning assigned to such term in Section 9.08(f).