Supplemental Reserve Amount definition

Supplemental Reserve Amount means, with respect to any Payment Date during the Reinvestment Period, the amount of Interest Proceeds retained in the Principal Account on the Payment Date in accordance with the Priority of Payments, at the sole discretion of the Investment Manager, to be reinvested in Collateral Debt Obligations pursuant to written direction of the Investment Manager, which amounts shall not exceed €2,500,000 in the aggregate for any two consecutive Payment Dates or an aggregate amount for all applicable Payment Dates of €5,000,000.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Supplemental Reserve Amount means, with respect to any Payment Date, an amount equal to the lesser of (i) $21,000,000 and (ii) the excess, if any, of the Outstanding Amount of the Notes over the Required Reserve Amount.”

Supplemental Reserve Amount means Interest Proceeds deposited into the Supplemental Reserve Account at the direction of the Collateral Manager pursuant to clause (xxv) of the Priority of Interest Payments.

Examples of Supplemental Reserve Amount in a sentence

• All interest and other income (net of losses and investment expenses) on funds on deposit in the Supplemental Reserve Account shall, upon the written direction of the Servicer, be paid to the Seller on any Payment Date to the extent that funds on deposit therein prior to making any deposits or withdrawals therefrom on such Payment Date, as certified by the Servicer, exceed the Maximum Supplemental Reserve Amount.

• Adjusted Availability – on any date of determination thereof, an amount equal to (a) the sum of the Accounts Formula Amount plus the Inventory Formula Amount minus (b) the sum of the Availability Reserve plus the principal amount of Loans then outstanding plus the Supplemental Reserve Amount.

• Borrower shall fund the Supplemental Reserve Account (or cause an Acceptable Letter of Credit and/or Acceptable Guarantee to be issued), in an aggregate amount equal to at least the required Supplemental Reserve Amount, in accordance with the Depositary Agreement.

More Definitions of Supplemental Reserve Amount

Supplemental Reserve Amount means, with respect to any Payment Date during the Reinvestment Period, an amount of Interest Proceeds (if any) specified at the sole discretion of the Investment

Supplemental Reserve Amount means, with respect to any Payment Date during the Reinvestment Period, an amount of Interest Proceeds (if any) specified at the sole discretion of the Investment Manager, acting on behalf of the Issuer, to be transferred to the Principal Account on such Payment Date in accordance with the Priorities of Payment, for reinvestment in Collateral Debt Obligations, which amounts shall not exceed €250,000 in the aggregate for any two consecutive Payment Dates or an aggregate amount for all applicable Payment Dates of €500,000.

Supplemental Reserve Amount means, with respect to any Payment Date during the Reinvestment Period, the amount of Interest Proceeds deposited to the Supplemental Reserve Account on such Payment Date in accordance with paragraph (AA) the Interest Priority of Payments, at the sole discretion of the Collateral Manager, which amounts shall not exceed (i) the lower of (a) €4,500,000 and (b) 50 per cent. of remaining Interest Proceeds, in the aggregate for any Payment Date or (ii) an aggregate amount for all applicable Payment Dates of €13,500,000.

Supplemental Reserve Amount means, on any date of determination, an amount equal to the sum of the scheduled principal and interest (after taking into account the affect of the Interest Rate Hedging Agreements) on the Term Loans, Tranche C Loans and LC Loans payable by Borrower during the next succeeding three months, as calculated by the Administrative Agent.

Supplemental Reserve Amount means all or a portion of amounts otherwise available for distribution pursuant to clause (xxvi) under Section 11.1(a) that are deposited in the Contribution Account on each Payment Date during or after the Reinvestment Period, subject to the Priority of Payments and with the prior written consent of a Majority of the Subordinated Notes and the Asset Manager.