Original Applicable Credit Support Percentage Sample Clauses

The "Original Applicable Credit Support Percentage" clause defines the specific percentage of credit support that is initially required from a party under a credit support arrangement, such as a collateral agreement in a derivatives transaction. This percentage determines the portion of the exposure that must be covered by eligible collateral, and it is typically set at the outset of the agreement based on the parties' creditworthiness or negotiated terms. By establishing a clear, agreed-upon percentage, the clause ensures both parties understand their collateral obligations from the start, thereby reducing disputes and managing credit risk effectively.
Original Applicable Credit Support Percentage. Not applicable. Originator: Any one of First National Bank of Nevada, GreenPoint Mortgage Funding, Inc., ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Credit Corporation, Wachovia Mortgage Corporation, Wilmington Finance, Inc. and US Bank, N.A., as applicable.
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Original Applicable Credit Support Percentage. Not applicable.
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Original Applicable Credit Support Percentage. With respect to the Group 1 Subordinate Certificates and the Group 2 Subordinate Certificates, the related Applicable Credit Support Percentage as of the Closing Date, which shall be equal to the approximate percentage set forth in the table below opposite the Class designation of each such Class of Subordinate Certificates: Class 1-B1 2.00 % Class 1-B2 1.65 % Class 1-B3 1.35 % Class 1-B4 0.40 % Class 1-B5 0.25 % Class 1-B6 0.10 % Class 2-B1 4.00 % Class 2-B2 2.25 % Class 2-B3 1.50 % Class 2-B4 1.00 % Class 2-B5 0.60 % Class 2-B6 0.25 % Original Group 1 Subordinate Class Principal Amount: The aggregate of the initial Class Principal Amounts of the Group 1 Subordinate Certificates as of the Closing Date.
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Related to Original Applicable Credit Support Percentage

  • Applicable Percentage Except as provided otherwise in the next sentence, the term "Applicable Percentage" shall mean: (i) 0% during the one-year period commencing on the Closing Date (ii) 20% during the one-year period commencing on the first anniversary of the Closing Date; (iii) 40% during the one-year period commencing on the second anniversary of the Closing Date; (iv) 60% during the one-year period commencing on the third anniversary of the Closing Date; (v) 80% during the one-year period commencing on the fourth anniversary of the Closing Date; and (vi) 100% on and after the fifth anniversary of the Closing Date. Notwithstanding the foregoing, (A) immediately prior to and after the occurrence of a Sale of the Company, such Applicable Percentage shall mean 100%, and (B) in the case of a termination of employment described in Section 7.2(a)(iii)(B), such Applicable Percentage in clauses (i), (ii) and (iii) shall be 0%, and in clauses (iv) and (v) and (vi) shall be 40%, 75% and 100%, respectively.

  • Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Reallocation of Applicable Percentages to Reduce Fronting Exposure During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Committed Loans of that Lender.

  • Commitment Percentage With respect to each Lender, the percentage set forth on Schedule 1.1 hereto as such Lender’s percentage of the aggregate Commitments of all of the Lenders, as the same may be changed from time to time in accordance with the terms of this Agreement.

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................