Collateral Indebtedness Amount definition

Collateral Indebtedness Amount means, on any date of determination, an amount equal to (a) the Collateral Initial Indebtedness Amount, minus (b) the aggregate amount of principal payments made to the Collateral Indebtedness Holder on or prior to such date, minus (c) the amount of Collateral Subordinated Principal Collections allocated on all prior Distribution Dates pursuant to Sections 4.9(a) and 4.9(b), minus (d) an amount equal to the amount by which the Collateral Indebtedness Amount has been reduced on all prior Distribution Dates pursuant to Sections 4.7(a) and 4.7(b), plus (e) the sum of the Excess Spread and Shared Excess Finance Charge Collections allocated and available on all prior Distribution Dates for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c) and (d) and, without duplication, reductions of the Series Adjustment Amount allocable to the Collateral Indebtedness Interest pursuant to Section 4.7(f) prior to such date; but in no event shall the Collateral Indebtedness Amount be reduced below zero.
View Source
Collateral Indebtedness Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Indebtedness Amount, minus (b) the aggregate amount of deposits made to the Cash Collateral Account pursuant to Section 4.05(e)(i), 4.05(f)(iii) and 4.05(g)(i) prior to such date, minus (c) an amount equal to the amount by which the Collateral Indebtedness Amount has been reduced on all prior Distribution Dates pursuant to Section 4.06, plus (d) the aggregate amount of Excess Finance Charges and Excess Spread allocated and available on all prior Distribution Dates pursuant to Section 4.07(h) for the purpose of reimbursing amounts deducted pursuant to the foregoing clause (c) and plus (e) if applicable, the amount of any increases in the Collateral Indebtedness Amount during the Funding Period pursuant to Section 4.13(f); provided, however, that the Collateral Indebtedness Amount may not be reduced below zero.
View Source
Collateral Indebtedness Amount means an amount equal to (a) the initial Collateral Indebtedness Amount, minus (b) the aggregate amount of deposits made to the Cash Collateral Account from Principal Collections, minus (c) the aggregate amount of Reallocated Principal Collections allocable to the Collateral Indebtedness Amount for all prior Distribution Dates which have been used to fund the Required Amount, minus (d) an amount equal to the aggregate amount by which the Collateral Indebtedness Amount has been reduced to fund the Investor Default Amount on all prior Distribution Dates as described under "-- Defaulted Receivables; Investor Charge-Offs", minus (e) an amount equal to the product of the Collateral Floating Percentage and the Investor Default Amount (the "Collateral Defaulted Amount") with respect to any Distribution Date that is not funded out of Available Funds [and Excess Finance Charges allocated to Series 199[ ]-[ ] and available for such purpose on such Distribution Date], and plus (f) the aggregate amount of Available Funds [and Excess Finance Charges] allocated and available to reimburse amounts deducted pursuant to the foregoing clauses (c), (d) and (e) provided, however, that the Collateral Indebtedness Amount may not be reduced below zero.]
View Source

Examples of Collateral Indebtedness Amount in a sentence

  • The share of the Investor Monthly Servicing Fee allocable to the Collateral Indebtedness Holder with respect to any Distribution Date (the "Collateral Servicing Fee") shall be equal to the product of (a) one-twelfth (1/12th) of the Servicing Fee Percentage and (b) the Collateral Indebtedness Amount; provided, however, that with respect to the first Distribution Date, the Collateral Servicing Fee shall be equal to $28,000.

  • The share of the Investor Monthly Servicing Fee allocable to the Collateral Indebtedness Holder with respect to any Distribution Date (the "Collateral Servicing Fee") shall be equal to one-twelfth of the product of (a) the Collateral Indebtedness Amount as of the last day of the second preceding Collection Period and (b) the Servicing Fee Percentage; provided, however, that with respect to the first Distribution Date, the Collateral Servicing Fee shall be equal to $[__________].

  • The share of the Investor Monthly Servicing Fee allocable to the Collateral Indebtedness Holder with respect to any Distribution Date (the "Collateral Servicing Fee") shall be equal to the product of (a) one- ------------------------ twelfth (1/12th) of the Servicing Fee Percentage and (b) the Collateral Indebtedness Amount; provided, however, that with respect to the first Distribution Date, the Collateral Servicing Fee shall be equal to $32,000.


More Definitions of Collateral Indebtedness Amount

Collateral Indebtedness Amount means an amount equal to (a) the initial Collateral Indebtedness Amount, minus (b) the aggregate amount of deposits made to the Cash Collateral Account from Principal Collections, minus (c) the aggregate amount of Reallocated Principal Collections allocable to the Collateral Indebtedness Amount for all prior Distribution Dates which have been used to fund the Required Amount, minus (d) an amount equal to the aggregate amount by which the Collateral Indebtedness Amount has been reduced to fund the Investor Default Amount on all prior Distribution Dates as described under "-- Defaulted Receivables; Investor Charge-Offs", minus (e) an amount equal to the product of the Collateral
View Source

Related to Collateral Indebtedness Amount

  • Closing Indebtedness Amount means, as of immediately prior to the Effective Time, the aggregate amount of Indebtedness of the Company, including all accrued and unpaid interest, prepayment penalties or fees, and other unpaid fees and expenses payable in respect of such Indebtedness through the Effective Time.

  • Secured Indebtedness Leverage Ratio means, with respect to any Person, at any date, the ratio of (1) the Consolidated Total Indebtedness of such Person that is secured by a Lien on any assets of such Person and its Restricted Subsidiaries as of such date of calculation (determined on a consolidated basis in accordance with IFRS) less the amount of cash, Cash Equivalents and debt service reserve accounts in excess of any Restricted Cash held by such Person and its Restricted Subsidiaries as of such date of determination to (2) Consolidated EBITDA of such Person for the four full fiscal quarters for which internal financial statements are available immediately preceding such date on which such additional Indebtedness is incurred. In the event that the specified Person or any of its Subsidiaries which are Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases, redeems, defeases or otherwise discharges any Indebtedness or issues, repurchases or redeems preferred stock subsequent to the commencement of the period for which the Secured Indebtedness Leverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Secured Indebtedness Leverage Ratio is made (the “Secured Indebtedness Leverage Ratio Calculation Date”), then the Secured Indebtedness Leverage Ratio will be calculated giving pro forma effect (as determined in good faith by a responsible accounting or financial officer of the Company) to such incurrence, assumption, guarantee, repayment, repurchase, redemption, defeasance or other discharge of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom; provided that the Company may elect pursuant to an Officer’s Certificate delivered to the Trustee to treat all or any portion of the commitment under any Indebtedness as being incurred at such time, in which case any subsequent incurrence of Indebtedness under such commitment shall not be deemed, for purposes of this calculation, to be an incurrence at such subsequent time. In addition, for purposes of calculating the Secured Indebtedness Leverage Ratio:

  • Final Indebtedness has the meaning set forth in Section 3.2(b).

  • First Lien Indebtedness means any Indebtedness for borrowed money (which, for the avoidance of doubt, does not include Purchase Money Indebtedness, and any related Liens thereto) secured by a Lien on any assets of the Issuer or any Restricted Subsidiary ranking pari passu with the Liens securing the Notes Obligations.

  • Consolidated Senior Secured Indebtedness means, at any time, without duplication, the aggregate principal amount of all Consolidated Funded Indebtedness of the Company and its Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance with GAAP that, as of such date, is secured by a Lien on any asset of the Company or any Restricted Subsidiary.