Senior Expenses Cap means, in respect of each Due Period, €200,000 plus 0.07 per cent. per annum (calculated semi-annually on the basis of a 360-day year and the actual number of days elapsed in such Due Period) of the Aggregate Collateral Balance as at the Determination Date immediately preceding the Payment Date in respect of such Due Period.
Senior Expenses Cap means in respect of each Due Period, €150,000 plus an amount equal to 0.025 per cent of the Aggregate Collateral Balance on the first day of such Due Period.
Senior Expenses Cap means, for each Cap Annual Period, £150,000 per annum as at the Note Calculation Date immediately preceding the applicable Annual Anniversary Date or, in the case of the first Cap Annual Period, the Issue Date; and
Examples of Senior Expenses Cap in a sentence
Should the payment amount of such sanction exceed the Senior Expenses Cap in any period, payment in full will be subject to the Issuer making such payment in accordance with the priority of payments and after all amounts due on the Rated Notes have been paid.
Should the amount of the sanction or penalty exceed the Senior Expenses Cap in any period, payment in full will be subject to the Issuer making such payment in accordance with the priority of payments and after all amounts due on the Rated Notes have been paid.
More Definitions of Senior Expenses Cap
Senior Expenses Cap means, in respect of each Due Period, £400,000 or such higher amount as determined by the Investment Managers, acting reasonably, is necessary in order to reflect increased expenses.
Senior Expenses Cap means, in respect of each Due Period, €550,000 per annum plus 0.06 per cent. per annum of the Aggregate Collateral Balance as at the Determination Date immediately preceding the Payment Date in respect of such Due Period.
Senior Expenses Cap means, in respect of each Payment Date, the sum of (i) 2.5bps per annum (pro-rated for the Due Period for the first Payment Date on the basis of a 360-day year and the actual number of days elapsed in such Due Period and thereafter on the basis of a 360-day year comprised of twelve 30-day months with each anniversary of the first Payment Date being the start of such 360-day year) multiplied by the Collateral Principal Amount; and (ii) US$250,000 per annum (pro-rated for the Due Period for the first Payment Date on the basis of a 360-day year and the actual number of days elapsed in such Due Period and thereafter on the basis of a 360-day year comprised of twelve 30-day months with each anniversary of the first Payment Date being the start of such 360-day year).
Senior Expenses Cap means, with respect to any Payment Date, U.S.$50,000 plus 0.0025 per cent. of the Aggregate Collateral Balance as at the Determination Date immediately preceding such Payment Date in respect of the relevant Due Period, minus the sum of all Trustee Fees and Expenses and Administrative Expenses previously paid by the Issuer during such Due Period out of the Expense Account.
Senior Expenses Cap means the greater of:
Senior Expenses Cap means, in respect of each Due Period and related Payment Date, an amount equal to the sum of (i) 0.09 per cent. per annum (calculated quarterly on the basis of a 360-day year comprised of twelve 30-day months) of the Average Aggregate Collateral Balance applicable to such Due Period and (ii) the amount (if any) by which the Trustee Fees and Expenses payable on such Payment Date are less than the Trustee Fee Cap.