Trust Portion definition

Trust Portion means, on any date, an amount equal to twenty-five percent (25%) of the Principal of the Loan on such date, which Trust Portion is expected to be refinanced on the Maturity Date from proceeds of a loan to be made to the Borrower by the Trust.

Trust Portion means, on any date, an amount equal to the aggregate of (i) twenty-five percent (25%) of the Principal of the Loan on such date, exclusive of that portion of the Principal of the Loan that is allocable to the NJDEP Loan Origination Fee, plus (ii) one hundred percent (100%) of that portion of the Principal of the Loan that is allocable to the NJDEP Loan Origination Fee.

Trust Portion. As to any Distribution Date and the Cap Agreement, the lesser of (1) the amount of any payment received by the Trustee on the Cap Agreement for such date, or (2) the product of (A) the excess, if any, of LIBOR (subject to a maximum rate of 7.25% per annum), determined as provided in the Cap Agreement, over the related strike rate as indicated in the Cap Agreement, (B) the sum of the Certificate Principal Balance of the Class AV, Class M-1, Class M-2, Class M-3 and Class B Certificates immediately prior to such Distribution Date and (C) a fraction, the numerator of which is the actual number of days elapsed from the previous Distribution Date to but excluding the current Distribution Date (or, for the first Distribution Date, the actual number of days elapsed from the Startup Day to but excluding the first Distribution Date), and the denominator of which is 360.

Examples of Trust Portion in a sentence

• The Unsecured Creditors Trust Portion shall be not less than $10 million.

• On the Newco Cash Payment Deadline, Newco shall pay the Newco Asset Purchase Proceeds in three wire installments: an amount necessary to pay the GGI expenses provided in Section 7.2.1 (the "GGI Expense Portion"), an amount necessary to pay or reserve for all claims to be paid by the Debtor other than those classified in Class 5 (the "GGI Trustee Portion") and an amount equal to the remaining balance (the "Unsecured Creditors Trust Portion").

• Trust Portion of Remaining Proceeds To Be Contributed to $4 Million Cash ----- ------------------------------ Fund ---- AFG Investment Trust A $ 413,247 AFG Investment Trust B 500,709 AFG Investment Trust C 1,513,639 AFG Investment Trust D 1,572,405 ---------- TOTAL $4,000,000 ---------- (b) Right to Rescind Prior Sales of Class A Interests and Receipt of ------------------------------------------------------------------- Pro Rata Share of Net Proceeds of $4 Million Cash Fund.

More Definitions of Trust Portion

Trust Portion means, on any date, an amount equal to twenty-five percent (25%) of the Principal of the Loan on such date.

Trust Portion. As to any Distribution Date and (i) the Group II Cap Agreement, the lesser of (1) the amount of any payment received by the Trustee on the Group II Cap Agreement for such date, or (2) the product of (A) the excess, if any, of LIBOR (subject to a maximum rate of 9.00% per annum), determined as provided in the Group II Cap Agreement, over 6.70% per annum, (B) the sum of the aggregate Certificate Principal Balance of the Class AV 1 Certificates and the Group Subordinate Amount with respect to Group II immediately prior to such Distribution Date and (C) a fraction, the numerator of which is the actual number of days elapsed from the previous Distribution Date to but excluding the current Distribution Date (or, for the first Distribution Date, the actual number of days elapsed from the Startup Day to but excluding the first Distribution Date), and the denominator of which is 360, and (ii) the Group III Cap Agreement, the lesser of (1) the amount of any payment received by the Trustee on the Group III Agreement for such date, or (2) the product of (A) the excess, if any, of LIBOR (subject to a maximum rate of 9.00% per annum), determined as provided in the Group III Cap Agreement, over 6.70% per annum, (B) the sum of the aggregate Certificate Principal Balance of the Class AV-2 Certificates and the Group Subordinate Amount with respect to Group III immediately prior to such Distribution Date and (C) a fraction, the numerator of which is the actual number of days elapsed from the previous Distribution Date to but excluding the current Distribution Date (or, for the first Distribution Date, the actual number of days elapsed from the Startup Day to but excluding the first Distribution Date), and the denominator of which is 360.