S&P Special Amortization Pro Rata Condition definition

S&P Special Amortization Pro Rata Condition means a condition that will be satisfied with respect to any Payment Date if either (a) (1) the aggregate principal balance of the Collateral Debt Securities as of the related Determination Date is greater than an amount equal to 50% of the aggregate principal balance of the Collateral Debt Securities on the Effective Date and (2) no Par Value Test has failed to be satisfied on more than two Determination Dates, unless, subsequent to such failure, the Par Value Ratio related to such Par Value Test has equaled or exceeds the Par Value Ratio in existence on the Effective Date or (b) the Rating Agency Condition has been satisfied with respect to S&P.
Sample 1
S&P Special Amortization Pro Rata Condition. A condition that shall be satisfied with respect to any Payment Date if (a) the aggregate principal balance of the Collateral Debt Securities as of the related Determination Date is greater than an amount equal to 60% of the aggregate principal balance of the Collateral Debt Securities on the Closing Date and (b)
Sample 1
S&P Special Amortization Pro Rata Condition. A condition that will be satisfied with respect to any Payment Date if either (i) (a) the Aggregate Principal Balance of the Collateral Debt Securities as of the related Determination Date is greater than an amount equal to 50% of the Aggregate Principal Balance of the Collateral Debt Securities on the Effective Date and the S&P CDO Monitor Test is satisfied as of such Determination Date and (b) no Par Value Test has failed to be satisfied on two or more Determination Dates, unless, subsequent to such failure, the Par Value Ratio related to such Par Value Test has equaled or exceeded the Par Value Ratio in existence on the Effective Date or (ii) the Rating Agency Condition has been satisfied with respect to S&P.
Sample 1

More Definitions of S&P Special Amortization Pro Rata Condition

S&P Special Amortization Pro Rata Condition means a condition that will be satisfied with respect to any Payment Date if either (i) the aggregate principal balance of the Collateral Debt Securities as of the related Determination Date is greater than an amount equal to 50% of the aggregate Principal Balance of the Collateral Debt Securities on the Effective Date and the S&P CDO Monitor Test is satisfied as of such Determination Date or (ii) the Rating Agency Condition has been satisfied with respect to S&P.
Sample 1
S&P Special Amortization Pro Rata Condition. A condition that will be satisfied with respect to any Payment Date if either (i)(a) the Aggregate Principal Balance of the Collateral Debt Securities as of the related Determination Date is greater than an amount equal to 50% of the Aggregate Principal Balance of the Collateral Debt Securities on the Effective Date and the S&P CDO Monitor Test is satisfied as of such Determination Date and (b) no Par Value Test has failed to be satisfied on two or more Determination Dates, unless, subsequent to such failure, the Par Value Ratio related to such Par Value Test has equaled or exceeded the Par Value Ratio in existence on the Effective Date or (ii) the Rating Agency Condition has been satisfied with respect to S&P and, so long as MBIA is deemed to be the Controlling Class hereunder, MBIA consents.
Sample 1
S&P Special Amortization Pro Rata Condition means a condition that will be satisfied with respect to any Payment Date if (a) the aggregate principal balance of the Collateral Debt Securities as of the related Determination Date is greater than an amount equal to 60% of the aggregate principal balance of the Collateral Debt Securities on the Closing Date and (b)(1) the Pro Rata Principal Coverage Test has been satisfied on the related and each prior Determination Date or (2) if the Pro Rata Principal Coverage Test has failed to be satisfied on any previous Determination Date, subsequent to such failure, (x) the Pro Rata Principal Coverage Ratio as of the related Determination Date equals or exceeds the Pro Rata Principal Coverage Ratio in existence on the Closing Date or (y) the Pro Rata Principal Coverage Test is satisfied as of the related Determination Date without applying Principal Proceeds on any previous Payment Date; provided that, if any Class of Notes rated investment grade by S&P as of the Closing Date is downgraded by two or more subcategories after the Closing Date, such condition will not be satisfied until such time as the S&P rating of such Class of Notes is restored to a rating equal to or higher than the rating of such Class of Notes on the Closing Date.
Sample 1
S&P Special Amortization Pro Rata Condition means a condition that will be satisfied with respect to any Payment Date if either (i) (A) the aggregate Principal Balance of the Collateral Interests as of the related Calculation Date is greater than an amount equal to 50% of the aggregate Principal Balance of the Collateral Interests on the Effective Date and each of the Coverage Tests was satisfied as of the related Calculation Date and (B) (1) the Pro Rata Principal Coverage Test has been satisfied on the related and each prior Calculation Date, or (2) if the Pro Rata Principal Coverage Test has failed to be satisfied on any previous Calculation Date, subsequent to such failure, (x) the Pro Rata Principal Coverage Ratio as of the related Calculation Date equals or exceeds the Pro Rata Principal Coverage Ratio in existence on the Effective Date or (y) the Pro Rata Principal Coverage Test is satisfied as of the related Calculation Date without applying Collateral Principal Collections on any previous Payment Date or (ii) the Rating Confirmation has been provided by S&P. Sale has the meaning specified in Section 5.17(a).
Sample 1
S&P Special Amortization Pro Rata Condition. A condition that will be satisfied with respect to any Payment Date if (a) the aggregate Principal Balance of the Collateral Interests as of the related Determination Date is greater than an amount equal to 50% of the aggregate Principal Balance of the Collateral Interests on the Effective Date and (b)(1) the Pro Rata Principal Coverage Test has been satisfied on the related and each prior Determination Date, or (2) if the Pro Rata Principal Coverage Test has failed to be satisfied on any previous Determination Date, subsequent to such failure, (x) the Pro Rata Principal Coverage Ratio as of the related Determination Date equals or exceeds the Pro Rata Principal Coverage Ratio in existence on the Effective Date or (y) the Pro Rata Principal Coverage Test is satisfied as of the related Determination Date without applying Principal Proceeds on any previous Payment Date.
Sample 1
S&P Special Amortization Pro Rata Condition means a condition that will be satisfied with respect to any Payment Date if (a) the aggregate Principal Balance of the Collateral Debt Securities as of the related Determination Date is greater than an amount equal to 50% of the aggregate Principal Balance of the Collateral Debt Securities on the Effective Date, (b) the S&P CDO Monitor Test is satisfied as of such related Determination Date and (c) no Overcollateralization Test has failed to be satisfied on any Determination Date, unless, subsequent to such failures, the Overcollateralization Ratio related to such Overcollateralization Test has equaled or exceeded the Overcollateralization Ratio in existence on the Effective Date.
Sample 1

Related to S&P Special Amortization Pro Rata Condition

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Extended Repayment Date shall have the meaning provided in Section 2.5(c).

  • Potential Amortization Event means any occurrence or event which, with the giving of notice, the passage of time or both, would constitute an Amortization Event.

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Workout-Delayed Reimbursement Amount As defined in subsection (II)(i) of Section 3.05(a).

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Initial Term Loan Repayment Date shall have the meaning provided in Section 2.5(b).

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Expected Amortization Schedule means, with respect to any Tranche, the expected amortization schedule related thereto set forth in the Series Supplement.

  • Workout-Delayed Reimbursement Amounts With respect to any Mortgage Loan or Serviced Loan Combination, the amount of any Advance made with respect to such Mortgage Loan or Serviced Loan Combination on or before the date such Mortgage Loan or Serviced Loan Combination becomes (or, but for the making of three monthly payments under its modified terms, would then constitute) a Corrected Loan, together with (to the extent accrued and unpaid) interest on such Advances, to the extent that (i) such Advance is not reimbursed to the Person who made such Advance on or before the date, if any, on which such Mortgage Loan or Serviced Loan Combination becomes a Corrected Loan and (ii) the amount of such Advance becomes a future obligation of the Mortgagor to pay under the terms of modified Loan Documents. That any amount constitutes all or a portion of any Workout-Delayed Reimbursement Amount shall not in any manner limit the right of any Person hereunder to determine in the future that such amount instead constitutes a Nonrecoverable Advance.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Controlled Amortization Period means, with respect to any Series, the period, if any, specified as such in the related Supplement.

  • Prepayment Shift Percentage Not applicable.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Prepayment Penalty Amount With respect to any Remittance Date, all prepayment penalties, penalty or yield maintenance premiums or charges paid by the obligors under the Mortgage Notes due to Principal Prepayments collected by the Servicer during the immediately preceding Prepayment Period.

  • Mandatory Prepayment Amount for any Debentures shall equal the sum of (i) the greater of: (A) 130% of the principal amount of Debentures to be prepaid, plus all accrued and unpaid interest thereon, or (B) the principal amount of Debentures to be prepaid, plus all other accrued and unpaid interest hereon, divided by the Conversion Price on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is less, multiplied by the VWAP on (x) the date the Mandatory Prepayment Amount is demanded or otherwise due or (y) the date the Mandatory Prepayment Amount is paid in full, whichever is greater, and (ii) all other amounts, costs, expenses and liquidated damages due in respect of such Debentures.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Rapid Amortization Event has the meaning given to it in Section 5.16.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).