MANDATORY PARTIAL REDEMPTION AMOUNT definition
MANDATORY PARTIAL REDEMPTION AMOUNT means the balance (excluding investment earnings) remaining on deposit in the Prefunding Account on the Mandatory Partial Redemption Date after giving effect to the sale to the Trust of all Prefunded Contracts sold to the Trust during the Funding Period, including any such acquisition and conveyance on the date on which the Funding Period ends.
MANDATORY PARTIAL REDEMPTION AMOUNT means, in respect of any Note, 10 per cent. of its principal amount and any interest due and unpaid and/or accrued but unpaid on such Note up to but excluding the Mandatory Partial Redemption Date, or such other amount as may be specified in the relevant Pricing Supplement;
MANDATORY PARTIAL REDEMPTION AMOUNT means, following the occurrence of a Mandatory Partial Redemption Event and on any Payment Date during the Revolving Period, an amount equal to the positive difference between (A) the difference between (i) the Principal Amount Outstanding of the Notes on the immediately preceding Calculation Date and (ii) the Outstanding Balance of the Performing Receivables (including the aggregate of the Outstanding Balance of the Receivables which are sold by the Seller on the relevant Purchase Date) expected on such Payment Date and (B) 90 per cent. of the Principal Amount Outstanding of the Notes on the immediately preceding Calculation Date.
More Definitions of MANDATORY PARTIAL REDEMPTION AMOUNT
MANDATORY PARTIAL REDEMPTION AMOUNT. As defined in Section 11.3 of the Indenture. MATERIAL ADVERSE EFFECT: A material adverse effect on (a) the business, operations, property or condition (financial or otherwise) of the FRGC Parties, (b) the ability of any of the FRGC Parties to perform their respective obligations under the Basic Note Documents, (c) the validity or enforceability of any of the Basic Note Documents against any of the FRGC Parties or (d) the rights or remedies of the Indenture Trustee or the Noteholders under or with respect to the Basic Note Documents.
MANDATORY PARTIAL REDEMPTION AMOUNT means, in respect of any Note, 10 per cent. of its principal amount together with (i) all interest due and unpaid on all outstanding Notes and (ii) all interest accrued but unpaid on the Notes being redeemed on the Mandatory Partial Redemption Date up to but excluding the Mandatory Partial Redemption Date (to the extent not covered by (i) above), or such other amount as may be specified in the relevant Pricing Supplement;