Class C Required Subordinated Amount definition

Class C Required Subordinated Amount means the amount calculated on any date as the product of:
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Class C Required Subordinated Amount means an amount equal to (a) the result of (i) the aggregate of the Adjusted Outstanding Dollar Principal Amounts of all Tranches of Class A Notes, Class B Notes and Class C Notes; provided that if an Early Amortization Event has occurred with respect to any Tranche of Class A Notes, Class B Notes or Class C Notes, the Adjusted Outstanding Dollar Principal Amount of such Tranche of Notes used for such calculation shall be determined as of the close of business on the day preceding the occurrence of the Early Amortization Event, divided by (ii) 86.00%, minus (b) the aggregate Adjusted Outstanding Dollar Principal Amounts of all Tranches of Class A Notes, Class B Notes and Class C Notes.
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Class C Required Subordinated Amount means, with respect to any Tranche of Class C Notes, the aggregate Nominal Liquidation Amount of Class D Notes as specified in the applicable Terms Document for such Tranche of Class C Notes, that is required to be outstanding and available on any date such Tranche of Class C Notes is Outstanding.
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Examples of Class C Required Subordinated Amount in a sentence

  • On the issuance date of a Tranche of Class B Notes, immediately after giving effect to such issuance, the available subordinated amount of Class D Notes for all Tranches of Class C Notes must be at least equal to the Class C Required Subordinated Amount of Class D Notes for all Tranches of Class C Notes.

  • On the issuance date of a Tranche of Class A Notes, immediately after giving effect to such issuance, the available subordinated amount of Class D Notes for all Tranches of Class C Notes must be at least equal to the Class C Required Subordinated Amount of Class D Notes for all Tranches of Class C Notes.

  • On the issuance date of a Tranche of Class C Notes, immediately after giving effect to such issuance, the available subordinated amount of Class D Notes for such Tranche of Class C Notes must be at least equal to the Class C Required Subordinated Amount of Class D Notes for such Tranche of Class C Notes.


More Definitions of Class C Required Subordinated Amount

Class C Required Subordinated Amount means, subject to modification in accordance with Section 4.21, as of any date of determination, an amount equal to the product of (i) 2.5641% (or 2.50 divided by 97.50) times (ii) the aggregate Adjusted Outstanding Principal Balance of the Class A Notes, the Class B Notes and the Class C Notes as of such date of determination; provided, however, that if a Pay Out Event has occurred with respect to the Class C Notes, then for so long as such Pay Out Event is continuing, the Class C Required Subordinated Amount will be the greater of (x) the Class C Required Subordinated Amount on the date of determination and (y) the Class C Required Subordinated Amount on the date immediately prior to the occurrence of such Pay Out Event.
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Class C Required Subordinated Amount means, subject to modification in accordance with Section 4.21, as of any date of determination, an amount equal to the product of (i) 3.3592% (or 3.25 divided by 96.75) times (ii) the aggregate Adjusted Outstanding Principal Balance of the Class A Notes, the Class B Notes and the Class C Notes as of such date of determination; provided, however, that if a Pay Out Event has occurred with respect to the Class C Notes, then for so long as such Pay Out Event is continuing, the Class C Required Subordinated Amount will be the greater of (x) the Class C Required Subordinated Amount on the date of determination and (y) the Class C Required Subordinated Amount on the date immediately prior to the occurrence of such Pay Out Event.
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