Senior Subordinated Notes Interest Reserve Amount means, with respect to any Quarterly Payment Date (and any Weekly Allocation Date related thereto), an amount equal to the Senior Subordinated Notes Quarterly Interest Amount due on the next Quarterly Payment Date.
Senior Subordinated Notes Interest Reserve Amount means, with respect to any Quarterly Payment Date (and any Interim Allocation Date related thereto), an amount equal to the Senior Subordinated Notes Quarterly Interest Amount due on the next Quarterly Payment Date. “Senior Subordinated Notes Post-ARD Contingent Interest Account” has the meaning set forth in Section 5.7 of the Base Indenture. “Senior Subordinated Notes Principal Payment Account” has the meaning set forth in Section 5.7 of the Base Indenture. “Senior Subordinated Notes Quarterly Interest Amount” means, for each Quarterly Payment Date, with respect to each Class of Senior Subordinated Notes Outstanding, the aggregate amounts identified as the “Senior Subordinated Notes Quarterly Interest Amount” in the applicable Series Supplement. “Senior Subordinated Notes Quarterly Post-ARD Contingent Interest Amount” means, for each Quarterly Payment Date, with respect to each Class of Senior Subordinated Notes Outstanding, the amounts identified as “Senior Subordinated Notes Quarterly Post-ARD Contingent Interest Amount” in the applicable Series Supplement. “Senior Subordinated Notes Quarterly Scheduled Principal Amounts” means, with respect to each Class of Senior Subordinated Notes Outstanding, each Scheduled Principal Payment with respect to such Class of Senior Subordinated Notes. “Senior Subordinated Notes Quarterly Scheduled Principal Deficiency Amount” means with respect to each Interim Allocation Date, and with respect to all Senior Subordinated Notes Outstanding, the aggregate amounts identified as the “Senior Subordinated Notes Quarterly Scheduled Principal Deficiency Amount” in each applicable Series Supplement. “Series 2024-1 Closing Date” means June 12, 2024. “Series 2024-1 Springing Amendments Implementation Date” means the first date following the Series 2024-1 Closing Date upon which all of the Series 2019-1 Class A-2 Notes and the Series 2022-1 Class A-2 Notes have been paid in full. “Series Account” means any account or accounts established pursuant to a Series Supplement for the benefit of a Series of Notes (or any Class thereof). “Series Anticipated Repayment Date” means, with respect to any Series of Notes, Class, Subclass or Tranche thereunder, the “Anticipated Repayment Date” as set forth in the related Series Supplement, which will be the Series Anticipated Repayment Date for such Series of Notes, or Class, Subclass or Tranche thereunder, as adjusted pursuant to the terms of the applicable Series Supplement.
Senior Subordinated Notes Interest Reserve Amount in the Base Indenture Definitions List is hereby amended by inserting the double underlined text in the following paragraph:
Examples of Senior Subordinated Notes Interest Reserve Amount in a sentence
The amounts on deposit in the Senior Subordinated Notes Interest Reserve Account shall not be subject to any limitations (other than the balance in such account not exceeding the Manager’s reasonable estimate of the amounts required to meet any such exemptions, except that the aggregate amount held on deposit in the Senior Subordinated Notes Interest Reserve Account shall at all times be equal to or great than the Senior Subordinated Notes Interest Reserve Amount.