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

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.

Subordinated Loan Increase Amount means, with respect to any Further Issue Date, an amount equal to the sum of (a) the product of (i) 19.60 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.

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.

• 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.

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) 4.45 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 Date as notified by the Issuer.