Class A Purchase Limit definition

Class A Purchase Limit means the “Purchase Limit” defined in the Class A Note Purchase Agreement.
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Class A Purchase Limit means, on any date of determination, $100,000,000 as such amount may be reduced pursuant to Section 2.04 of the Certificate Purchase Agreement.
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Class A Purchase Limit means $218,125,000, as such amount may be reduced pursuant to Section 1.5 or increased pursuant to Section 1.10.
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Examples of Class A Purchase Limit in a sentence

  • The amount of Class A Incremental Funding allocated to each Class A Ownership Group shall be a minimum amount of $1,000,000 or a higher integral multiple thereof for each Class A Ownership Group, except that a Class A Incremental Funding may be requested in the entire remaining Class A Purchase Limit of the related Class A Ownership Group.

  • Each such reduction in the Aggregate Class A Commitment shall reduce the Class A Commitment of each Class A Purchaser in accordance with its Class A Commitment Percentage and shall reduce the Class A Purchase Limit by a corresponding amount.

  • The Seller may, from time to time, upon at least 10 Business Days' prior written notice to the Program Agent and the Trustee, elect to reduce the Series 1997-1 Class A Purchase Limit by an amount up to the difference between the Series 1997-1 Class A Purchase Limit at such time and the Class A Invested Amount at such time.

  • The Seller may, from time to time, upon at least 30 days' prior written notice to the Program Agent, elect to reduce the Class A Purchase Limit by an amount up to the difference between the Class A Purchase Limit at such time and the Class A Invested Amount at such time; provided that such partial reduction in the Class A Purchase Limit shall be in a minimum amount equal to $2,000,000 and integral multiples of $1,000,000 in excess of such minimum.

  • In no event shall any Additional Class A Invested Amount be purchased if, after giving effect thereto, the Class A Invested Amount on the applicable Purchase Date (after giving effect to those purchases which are made on the applicable Purchase Date) exceeds (i) the Class A Purchase Limit or (ii) the amount which would result in the sum of the Class B Invested Amount, the Class B-2 Invested Amount and the Class C Invested Amount being less than 25% of the Invested Amount on such Purchase Date.

  • On the Purchase Date, on each date on which an Increase in the Class A Invested Amount is funded hereunder and on each date on which each of the Class A Invested Amount and the Series 1997-1 Class A Purchase Limit is reduced, a duly authorized officer or employee of the Program Agent shall make appropriate notations in its books and records of the Purchase Price or the amount of such Increase or the amount of such reduction, as applicable.

  • On the Purchase Date, on each date on which an Increase in the Class A Invested Amount is funded hereunder and on each date on which each of the Class A Invested Amount and the Series 2000-1 Class A Purchase Limit is reduced, a duly authorized officer or employee of the Program Agent shall make appropriate notations in its books and records of the Purchase Price or the amount of such Increase or the amount of such reduction, as applicable.

  • The Seller may, from time to time, upon at least ten (10) Business Days' prior written notice to the Program Agent, each Managing Agent and the Trustee, elect to reduce the Series 2000-1 Class A Purchase Limit by an amount up to the difference between the Series 2000-1 Class A Purchase Limit at such time and the Class A Invested Amount at such time.

  • Reductions to the Series 2001-1-VFC Class A Purchase Limit 12 Section 2.05.

  • Provided there exists no Potential Termination Event, upon notice to the Agent (which shall promptly notify the Purchasers), the Seller may from time to time on or prior to June 30, 2008, request an increase in the Aggregate Class A Commitment and the Class A Purchase Limit by an amount (for all such requests) not exceeding $45,500,000; provided that any such request for an increase shall be in a minimum amount of $2,000,000.


More Definitions of Class A Purchase Limit

Class A Purchase Limit in Section 1.01 thereof is hereby deleted in its entirety and replaced by the following definition:
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Class A Purchase Limit means for any date the aggregate Commitments of the Class A Purchasers on such date.
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Class A Purchase Limit means initially $100,000,000 and thereafter, on any date of determination, the aggregate Commitments of the Committed Investors in effect on such date.
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Class A Purchase Limit means (i) $75,000,000 through (but excluding) September 28, 1998, (ii) $150,000,000 from and after September 28, 1998 through (but excluding) April 1, 1999, (iii) $131,250,000 from and after April 1, 1999 through ▇▇▇ ▇▇▇▇▇▇▇▇▇) ▇▇▇▇ber 1, 1999, and (iv) $75,000,000 thereafter.
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Class A Purchase Limit means an amount equal to $75,000,000.
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Related to Class A Purchase Limit

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Original Class B-5 Percentage The Class B-5 Percentage as of the Cut-Off Date, as set forth in Section 11.12.

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • Original Class B-2 Percentage The Class B-2 Percentage as of the Cut-Off Date, as set forth in Section 11.09.

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.