Maximum Series Amount definition
Examples of Maximum Series Amount in a sentence
Each such revised Revolving Funding Schedule shall, as appropriate, specify (i) the dollar amount that each Class of this Series shall fund in connection with the related Funding or (ii) the adjusted Maximum Series Amount and Minimum Funding Amount for each Class of Certificates in this Series.
Under no circumstances shall the Company cause or request the offer or sale of any Series A Preferred Shares, Series B Preferred Shares or Series C Preferred Shares if, after giving effect to the sale of such Series A Preferred Shares, Series B Preferred Shares or Series C Preferred Shares, the aggregate number of Series A Preferred Shares, Series B Preferred Shares or Series C Preferred Shares, as applicable, sold pursuant to this Agreement would exceed the applicable Maximum Series Amount.
This Agreement and the rights and obligations of the parties hereunder may not be changed orally but only by an instrument in writing signed by the party against whom enforcement is sought together with the prior written consent of the Holders of not less than 51% of the Outstanding Principal Amount of each affected Class (or, with respect to any affected Class during the Funding Period applicable to such Class, of not less than 51% of the Maximum Series Amount of such Class) of Rated Certificates.
Each Series of Class A Certificates shall be issued in an aggregate principal amount equal to the Maximum Series Amount, although at any one time the Outstanding Principal Balance may be less than the Maximum Series Amount for such Series.
Each such Certificateholder's allocable share of a Funding shall be based on a fraction, the numerator of which shall be equal to the maximum principal amount of such Holder's Certificate (as indicated on the face of such Certificate), and the denominator of which shall be equal to the Maximum Series Amount for such Class.
The aggregate amount of Advances to be made with respect to any Series shall not, when added to the aggregate amount of Advances already made with respect to such Series, exceed the Maximum Series Amount with respect to such Series.
Each such Holder's pro rata share of a Funding shall be determined by multiplying the amount of such Funding Amount by a fraction, the numerator of which shall be equal to the maximum principal amount of such Holder's Class A Certificate (as indicated on the face of such Certificate), and the denominator of which shall be equal to the Maximum Series Amount.
The Lessor shall pay to the Agent for the account of the Holders a Facility Fee (the "FACILITY FEE") for the period from and including the Closing Date to the Maturity Date in an amount per annum equal to the applicable percentage set forth on SCHEDULE 2 times the Maximum Series Amount for the A-Notes and B-Notes, such Facility Fee to be payable quarterly in arrears in accordance with the provisions of SCHEDULE 2.
I Funding Date: ---------------- Determination Date: ---------------- Class ___ Maximum Series Amount: ---------------- [Class ___ Maximum Series Amount: ] ---------------- Class ___ Minimum Funding Amount: ---------------- [Class ___ Minimum Funding Amount: ] ---------------- Class ___ Funding Amount: ---------------- [Class ___ Funding Amount: ] ---------------- Please see Schedule I attached hereto.