Target Portfolio Amount definition

Target Portfolio Amount means (i) during the Ramp-up Period, $400,000,000, and (ii) thereafter, the sum of (x) the Aggregate Eligible Collateral Obligation Amount, (y) all Principal Collections on deposit in the Principal Collection Account and (z) all amounts on deposit in the Unfunded Exposure Account.

Target Portfolio Amount means $370,000,000 or such other amount as agreed by the Facility Agent and the Borrower in connection with an increase in the Facility Amount in excess of $50,000,000.

Target Portfolio Amount means $450,000,000. "Tax Expense Cap" means, for any Payment Date, a per annum amount equal to $50,000.

Examples of Target Portfolio Amount in a sentence

• A leverage event (a “Leverage Event”) will occur if, (i) on any Business Day, as determined by the Calculation Agent, the ratio of the Strategy Portfolio Amount to the Target Portfolio Amount is less than 0.80; or (ii) on a Wednesday of each week, or if such Wednesday is not a Business Day, on the immediately following Business Day, as determined by the Calculation Agent, the ratio of the Strategy Portfolio Amount to the Target Portfolio Amount is less than 1.20.

• However in addition there will be a cap of 25% of the Target Portfolio Amount on any series of ABS issues issued by one issuer, and to any one originator/servicer.

• A deleverage event (a “Deleverage Event”) will occur if (i) on any Business Day, as determined by the Calculation Agent, the ratio of the Strategy Portfolio Amount to the Target Portfolio Amount is greater than 1.20; or (ii) on a Wednesday of each week, or if such Wednesday is not a Business Day, on the immediately following Business Day, as determined by the Calculation Agent, the ratio of the Strategy Portfolio Amount to the Target Portfolio Amount is greater than 1.05.

More Definitions of Target Portfolio Amount

Target Portfolio Amount means $1,045,000,000.

Target Portfolio Amount means $920,000,000.

Target Portfolio Amount means U.S.$400,000,000.

Target Portfolio Amount means the Facility Amount divided by 60%.

Target Portfolio Amount means $185,000,000370,000,000 .

Target Portfolio Amount means $308,000,000385,000,000.

Target Portfolio Amount means $545,000,000.