Examples of Surplus Amount in a sentence
To the extent that there exists no Default, Buyer shall, upon receipt of such written request, remit any such amount in excess of the Surplus Amount to Seller.
For avoidance of doubt, RECs that are issued later in the Delivery Year are to be considered first as Surplus RECs ahead of RECs issued earlier in the Delivery Year if the Delivery Year Surplus Amount exceeds the number of RECs that are of the latest vintage as recorded by PJM EIS GATS or M-RETS for such Delivery Year.
The Indemnity Cap is calculated as the lesser of (i) $303,750,000 and (ii) the Excess Surplus Amount.
The Servicer shall list the amounts to be distributed for each Payment Date in the Order of Priority and will notify the parties listed above of the Interest Compensation Available Amount, the Interest Compensation Ledger Allocable Amount, the Interest Compensation Shortfall Amount, the Interest Compensation Shortfall Redemption Amount, the Interest Compensation Surplus Amount and the Interest Compensation Required Amount.
To the extent that the aggregate Net Account Funded Amounts (net of any amounts withdrawn as contemplated herein) for all repurchased Mortgage Loans exceeds the Surplus Amount, then Seller may, no more than once per Business Day, deliver a written request prior to 2:00 p.m. (New York Time) for Buyer to remit any amount in excess of the Surplus Amount to Seller.