Test Amount definition

Test Amount means, on any date of determination, an amount equal to 30% of the Consolidated Total Assets as of the last day of the fiscal year most recently ended prior to such date for which financial statements have been prepared and delivered to the Lenders.
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Test Amount as of any Test Date, the excess, if any, of (a) the Preference Amount minus the amount of Subject Distributions as of such date, over (b) 95% of the difference of (i) aggregate net asset value as set forth in Schedule I and Schedule II to the LLC Agreement of all Portfolio Assets as set forth in Schedule I and Schedule II to the LLC Agreement, which Portfolio Assets are held as of such date by the LLC, minus (ii) all principal payments received by the LLC in respect of all such Portfolio Assets at any time from the Effective Date to such date.
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Test Amount means, (i) at all times from and after the Petition Date until the second amended DIP Budget has been approved, $25,000,000, (ii) from and after the date of the second amended DIP Budget has been approved until the third amended DIP Budget has been approved, $30,000,000, and (iii) at all times after the third amended DIP Budget has been approved, $35,000,000
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Examples of Test Amount in a sentence

  • Neither the Borrower nor any of its Consolidated Subsidiaries shall make loans or advances to any Person, except loans and advances the aggregate amount of which, when aggregated with the aggregate amount of Permitted Investments and Permitted Transfers made after the Closing Date, does not exceed the Test Amount, provided that after giving effect to the making of any loans and advances permitted by this Section, no Default shall have occurred and be continuing.

  • The escrowed funds or letter of credit will be held by the Administrative Agent until the Borrower has achieved a Debt Service Coverage Ratio, as measured under Section 6.24, of not less than the DSCR Release Test Amount for three (3) consecutive Fiscal Quarters (the “Escrow Release Condition”).

  • Each Funding Request shall also include a computation demonstrating that after giving effect to such Aggregate Advance, the Collateral Test Amount shall not be less than zero (0) and that the representations and warranties set forth in Section 3.02(a)(xxv) of the Sale and Servicing Agreement are true and correct with respect to the Subsequent Receivables to be transferred on the proposed date of such Advance.

  • Such determination of the Debt Service Coverage Test Amount by the Agent shall be conclusive and binding absent manifest error.

  • Table 2.2 : Quality of Milk by Sediment Test Amount of sediment in discQuality of milkAt collection center, mg/500ml milkDairy reception dock, mg/500ml milkMilk Reception at theDairy Dock 25Milk Reception 26Alizarin-alcohol test: Incorporation of alizarin in alcohol helps to determine both heat stability and approximate percentage of acidity in milk.

  • Overview of Results Test #Amount of paint (vol%)Residue vol (ml)10022003400460Not Tested580Not Tested6100Not TestedFigure 1.

  • Calculation :O.D. Test Amount of Std.Blood urea (mg%) = x x 100O.D. Std.

  • When reviewing the financial test, OFA staff should verify that the following requirements have been met: Financial Test Amount: The demonstration amount must be equal to the total current cost estimate.

  • When reviewing the corporate guarantee, OFA staff should verify that the following requirements have been met: Financial Test Amount: The demonstration amount must be equal to the total current cost estimate.

  • Manager will subordinate on a yearly basis Owner's obligation to pay the management fee due under this Section to a "Income Test Amount" as specified in the "Subordination Agreement" attached hereto and incorporated into this Agreement by reference.


More Definitions of Test Amount

Test Amount means, on any day, an amount equal to $48,982,800 plus (only in the case where the Net Worth Change Amount is positive) the Net Worth Change Amount as of such day.
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Related to Test Amount

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Principal Payment Amount For any Distribution Date, the sum of (i) the scheduled principal payments (if any) on the Mortgage Loans due on the related Due Date, (ii) the principal portion of proceeds received with respect to any Mortgage Loan which was purchased or repurchased pursuant to a Purchase Obligation or as permitted by this Agreement during the Prior Period and (iii) any other unscheduled payments of principal which were received with respect to any Mortgage Loan during the Prior Period, other than Payoffs, Curtailments, Liquidation Principal and Subsequent Recoveries.

  • GST Amount means in relation to a Taxable Supply the amount of GST payable in respect of the Taxable Supply.

  • Payment Amount as defined in Section 3.5.

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Trust Amount has the meaning set forth in the Trust Agreement.

  • Daily Interest Amount means an amount calculated by multiplying the Daily Loan Balance of a Loan by the associated Daily Interest Rate on that Loan.

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • Monthly Excess Interest Amount With respect to each Distribution Date, the amount, if any, by which the Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount for such Distribution Date exceed the aggregate amount distributed on such Distribution Date pursuant to paragraphs (a) through (c) under Section 4.02(d) hereof, plus interest on the Overcollateralization Amount accrued during the Interest Accrual Period related to that Distribution Date.

  • Allocation Amount means, as of the Closing Date, the Series 2023-1 Stated Principal Amount and on any date of determination thereafter, the sum of, without duplication, (a) the Allocation Amount determined as of the later of the Closing Date or the date of determination immediately prior to the then current date of determination, plus (b) the amount of all increases in the Series 2023-1 Stated Principal Amount resulting from the issuance of additional Series 2023-1 Notes since the prior date of determination, plus (c) all reimbursements, as provided in Section 4.04(e) or otherwise, of reductions in the Allocation Amount due to Investor Charge- Offs or Reallocated Principal Collections since the prior date of determination, minus (d) the amount of the reduction in the Allocation Amount due to Investor Charge-Offs since the prior date of determination, determined as set forth in Section 4.07, minus (e) the amount of the reduction in the Allocation Amount due to the application of Reallocated Principal Collections since the prior date of determination, determined as set forth in Section 4.08, minus (f) the amount deposited into the Principal Funding Account or (without duplication) deposited into the Distribution Account pursuant to Section 4.05(c) or paid to the Series 2023-1 Noteholders (in each case, after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Allocation Amount may never be less than zero, (2) the Allocation Amount may never be greater than the Adjusted Outstanding DollarPrincipal Amount and (3) if there is a sale of Collateral in accordance with Section 4.14, the Allocation Amount will be reduced to zero upon such sale.

  • Excess Interest Amount means, on any date, the amount by which (i) the amount of all interest which would have accrued prior to such date on the principal of this Note, had the applicable Contract Rate at all times been in effect without limitation by the Maximum Rate, exceeds (ii) the aggregate amount of interest accrued on this Note on or prior to such date as limited by the Maximum Rate.

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • Amortization Amount means, with respect to any Principal Amount Repayment Date, the amount set forth opposite such Date on the Amortization Schedule.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Unitrust amount means an amount computed as a percentage of the fair market value of the trust.

  • Deficit Amount has the meaning set forth in Section 6.02.

  • CVR Payment Amount means with respect to each CVR Payment and each Holder, an amount equal to such CVR Payment divided by the total number of CVRs and then multiplied by the total number of CVRs held by such Holder as reflected on the CVR Register.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • PIK Interest Amount means, in respect of any Interest Payment Date, the amount of interest accrued during an Interest Period calculated based on the PIK Interest Rate applicable during such Interest Period.

  • Senior Principal Payment Amount For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the Class Principal Balance of the Senior Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 57.40% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date (including amounts in the Prefunding Account as of the Closing Date).

  • Pool Distribution Amount As of any Distribution Date, the funds eligible for distribution to the Holders of the Certificates on such Distribution Date, which shall be the sum of (i) all previously undistributed payments or other receipts on account of principal and interest on or in respect of the Mortgage Loans (including, without limitation, the proceeds of any repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amount) received by the Master Servicer with respect to the applicable Remittance Date in the month of such Distribution Date and any Unscheduled Principal Receipts received by the Master Servicer on or prior to the Business Day preceding such Distribution Date, (ii) all Periodic Advances made by a Servicer pursuant to the related Servicing Agreement or Periodic Advances made by the Master Servicer or the Trustee pursuant to Section 3.03 and (iii) all other amounts required to be placed in the Certificate Account by the Servicer on or before the applicable Remittance Date or by the Master Servicer or the Trustee on or prior to the Distribution Date, but excluding the following:

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.