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Subordinated Loan Increase Amount definition

Subordinated Loan Increase Amount means, with respect to any Further Issue Date, an amount equal to the difference of (a) the Further Discounted Receivables Balance less
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Subordinated Loan Increase Amount means, with respect to any Further Issue Date, an amount equal to the difference of (a) the Further Discounted Receivables Balance less(b) the sum of the Class A Notes Increase Amount and the Class B Notes Increase Amount and less (c) the Further Receivables Overcollateralisation Amount, all such amounts as of such Further Issue Date.
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Subordinated Loan Increase Amount means, with respect to any Further Issue Date, an amount equal to the sum of (a) the product of (i) 17.22 per cent. and (ii) the difference between (A) the Additional Discounted Receivables Balance and (B) the Replenished Additional Discounted Receivables Balance, all as determined with respect to such Further Issue Date and (b) the amount by which the Class B Notes Increase Amount as of such Further Issue Date exceeds the actual balance of Class B Notes to be issued on such Further Issue as notified by the Issuer.
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Examples of Subordinated Loan Increase Amount in a sentence

  • Any amounts due as Additional Receivables Purchase Price on any Further Issue Date shall be netted against any amounts due as Subordinated Loan Increase Amount on such Further Issue Date.

  • Any amounts due as Subordinated Loan Increase Amount on any Further Issue Date shall be netted against any amounts due as Additional Receivables Purchase Price on such Further Issue Date.

  • The obligation of the Subordinated Lender to make available to the Issuer any Subordinated Loan Increase Amount on an Additional Borrowing Date is subject to the conditions precedent set out in Clause 2.2(a)(ii), (iv), (b) and (c), provided that reference therein to the Borrowing Date shall be read as reference to the relevant Additional Borrowing Date.

  • The obligation of the Subordinated Lender to make available to the Issuer any Subordinated Loan Increase Amount on an Additional Borrowing Date is subject to the conditions precedent set out in clauses 2.2(a)(ii), 2.2(a)(iv), 2.2(b) and 2.2(c), provided that reference therein to the Borrowing Date shall be read as reference to the relevant Additional Borrowing Date or the relevant Renewal Date, as applicable.

  • Any amounts due as Subordinated Loan Increase Amount on any Further Issue Date shall be netted in accordance with clause 23 of the Receivables Purchase Agreement.

  • Any amounts due as Subordinated Loan Increase Amount on any Further Issue Date shall be netted in accordance with clause 23 (Set-Off) of the Receivables Purchase Agreement.

  • The obligation of the Subordinated Lender to make available to the Issuer any Subordinated Loan Increase Amount on an Additional Borrowing Date is subject to the conditions precedent set out in clauses 2.2(a)(ii), 2.2(a)(iv), 2.2(b) and 2.2(c), provided that reference therein to the Borrowing Date shall be read as reference to the relevant Additional Borrowing Date.

  • The obligation of the Subordinated Lender to make available to the Issuer any Subordinated Loan Increase Amount on an Additional Borrowing Date is subject to the conditions precedent set out in clauses 2.2(a)(ii) (The Subordinated Loan), 2.2(a)(iv) (The Subordinated Loan), 2.2(b) (The Subordinated Loan) and 2.2(c) (The Subordinated Loan), provided that reference therein to the Borrowing Date shall be read as reference to the relevant Additional Borrowing Date or the relevant Renewal Date, as applicable.


More Definitions of Subordinated Loan Increase Amount

Subordinated Loan Increase Amount means, with respect to any Further Issue Date, an amount equal to the sum of (a) the product of (i) 11 per cent. and (ii) the difference between (A) the Additional Discounted Receivables Balance and (B) the Replenished Additional Discounted Receivables Balance, all as determined with respect to such Further Issue Date and (b) the amount by which the Class B Notes Increase Amount as of such Further Issue Date exceeds the actual balance of Class B Notes issued on such Further Issue as notified by the Issuer.
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Related to Subordinated Loan Increase Amount

  • Subordination Increase Amount As to any Distribution Date, the lesser of (i) the Subordination Deficiency and (ii) the Excess Interest.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • 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).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Commitment Amount means, as to any Lender, the term loan commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.2(c) (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 17.3(c) or (d), the term loan commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement), as the same may be adjusted upon any assignment by or to such Lender pursuant to Section 17.3(c) or (d).

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

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

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

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

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Increase Amount is defined in Section 2.3(a).

  • Aggregate Revolving Loan Commitment means the combined Revolving Loan Commitments of the Lenders, which shall initially be in the amount of $20,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • Available Subordinated Amount if there is a Subordinate Class with respect to Class A, shall mean, on a Distribution Date, the sum of

  • Maximum Revolving Advance Amount means $25,000,000.

  • Subordinated Prepayment Percentage As to any Distribution Date, 100% minus the Senior Prepayment Percentage for such Distribution Date.

  • 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.

  • Term Loan B has the meaning set forth in Section 2.2(b).

Most Referenced Clauses

Most Referenced Definitions