Senior Notes Interest Reserve Account Deficit Amount definition

Senior Notes Interest Reserve Account Deficit Amount means, as of any date of determination, the excess, if any, of the Senior Notes Interest Reserve Amount over the sum of (a) the amount on deposit in the Senior Notes Interest Reserve Account and (b) the amount available under any Interest Reserve Letter of Credit relating to the Senior Notes.
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Senior Notes Interest Reserve Account Deficit Amount means, as of any date of determination for a Co-Issuer, the excess, if any, of such Co-Issuer’s Allocable Share of the Senior Notes Interest Reserve Amount over the sum of (a) the amount on deposit in such Co-Issuer’s Senior Notes Interest Reserve Account and (b) the amount available to such Co-Issuer under any Interest Reserve Letter of Credit relating to the Senior Notes (which shall be deemed to equal, for such Co-Issuer, the product of the amount available under such Interest Reserve Letter of Credit and the respective Manager’s good faith estimate (in accordance with the applicable Managing Standard) of such Co-Issuer’s Allocable Share of the Senior Notes Interest Reserve Amount).
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Senior Notes Interest Reserve Account Deficit Amount in the Base Indenture Definitions List is hereby amended by deleting the stricken text and inserting the double underlined text in the following paragraph:
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Examples of Senior Notes Interest Reserve Account Deficit Amount in a sentence

  • Series 2017-1/2015-1 Senior Notes Interest Reserve Account Deficit Amount $ Page 13 Domino’s Pizza Master Issuer LLC Domino’s SPV Canadian Holding Company Inc.

  • On the Series 2017-1 Closing Date, net proceeds from the initial sale of the Series 2017-1 Class A-2 Notes will be deposited into the Senior Notes Interest Reserve Account in an amount equal to the Senior Notes Interest Reserve Account Deficit Amount as of the Series 2017-1 Closing Date and/or the Co-Issuers shall arrange for the issuance of an Interest Reserve Letter of Credit with an aggregate then undrawn and unexpired face amount equal to the Senior Notes Interest Reserve Account Deficit Amount.

  • On the Series 2016-1 Closing Date, net proceeds from the initial sale of the Series 2016-1 Class A-2 Notes will be deposited into the Senior Notes Interest Reserve Accounts in an amount equal to the Senior Notes Interest Reserve Account Deficit Amount as of the Series 2016-1 Closing Date.


More Definitions of Senior Notes Interest Reserve Account Deficit Amount

Senior Notes Interest Reserve Account Deficit Amount means, as of any date of determination for a Co-Issuer, the excess, if any, of such Co-Issuer’s Allocable Share of the Senior Notes Interest Reserve Amount over the sum of (a) the amount on deposit in such Co-Issuer’s Senior Notes Interest Reserve Account and (b) the amount available to such Co-Issuer under any Interest Reserve Letter of Credit relating to the Senior Notes (which shall be deemed to equal, for such Co-Issuer, the product of the amount available under such Interest Reserve Letter of Credit and the respective Manager’s good faith estimate (in accordance with the applicable Managing Standard) of such Co-Issuer’s Allocable Share of the Senior Notes Interest Reserve Amount). “Senior Notes Interest Reserve Account Excess Amount” means, as of any date of determination for a Co-Issuer, the excess, if any, of the sum of (a) the amount on deposit in such Co-Issuer’s Senior Notes Interest Reserve Account and (b) the amount available to such Co-Issuer under any Interest Reserve Letter of Credit relating to the Senior Notes (which shall be deemed to equal, for such Co-Issuer, the product of the amount available under such Interest Reserve Letter of Credit and the respective Manager’s good faith estimate (in accordance with the applicable Managing Standard) of such Co-Issuer’s Allocable Share of the Senior Notes Interest Reserve Amount) over such Co-Issuer’s Allocable Share of the Senior Notes Interest Reserve Amount. “Senior Notes Interest Reserve Amount” means, with respect to any Quarterly Payment Date (and any Weekly Allocation Date related thereto and any drawing date in respect of any Class A-1 Notes), an amount equal to the Senior Notes Quarterly Interest Amount and the Class A-1 Notes Commitment Fees Amount due on the next Quarterly Payment Date (with the interest and Class A-1 Notes Commitment Fees Amount payable with respect to the Class A-1 Notes on the next Quarterly Payment Date being based on the good faith estimate of the Managers of the actual drawn amount of the Class A-1 Notes as set forth in the applicable Weekly Manager’s Certificate), it being understood that the Senior Notes Interest Reserve Amount may be funded in whole or in part with the proceeds of a drawing under such Class A-1
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Senior Notes Interest Reserve Account Deficit Amount moans, on any Interim Allocation Date with respect to a Monthly Collection Period, an amount equal to the amount, if any, by which (a) the Senior Notes Interest Reserve Amount exceeds (b) the amount on deposit in the Senior Notes Interest Reserve Account on such date.
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Related to Senior Notes Interest Reserve Account Deficit Amount

  • Interest Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Interest Reserve Account” and which shall be an Eligible Account.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.