Optional Reduction Amount definition

Optional Reduction Amount means the amount of reduction of the Aggregate Net Investment specified by the Seller pursuant to Section 2.15(b) hereof.
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Optional Reduction Amount means the dollar amount specified in a notice given by the Seller in accordance with Section 2.01(c) hereof as being the amount by which the Seller would like to reduce temporarily the Total Aggregate Capital.
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Optional Reduction Amount as defined in Section 2.11(f).
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Examples of Optional Reduction Amount in a sentence

  • Commencing on the Optional Reduction Effective Date, the Collection Agent shall cease the reinvestment of Collections for a period of time such that after giving effect to the amount of Collections which are not reinvested in accordance with the provisions of Section 2.04(b)(ii), the amount of Total Aggregate Capital on the day immediately preceding the Optional Reduction Effective Date is reduced by an amount equal to the Optional Reduction Amount.

  • Each such Optional Reduction Notice shall specify the requested Optional Reduction Amount and the requested optional reduction date.

  • Commencing on the Optional Reduction Effective Date, the Collection Agent shall cease the reinvestment of Collections for a period of time such that after giving effect to the amount of Collections which are not reinvested in accordance with the provisions of Section 2.04(b)(ii), the amount of Combined Capital on the day immediately preceding the Optional Reduction Effective Date is reduced by an amount equal to the Optional Reduction Amount.

  • Break Funding Costs in connection with the payment of an Optional Reduction Amount or a Mandatory Reduction Amount shall be due and payable at the time such Optional Reduction Amount and Mandatory Reduction Amount is paid.

  • Break Funding Costs in connection with the payment of an Optional Reduction Amount or a Mandatory Reduction Amount shall be due and payable at the time such Optional Reduction Amount and Mandatory Reduction Amount are paid.

  • Each such written notice shall specify the requested Optional Reduction Amount and the requested optional reduction date (each, an “Optional Reduction Date”).


More Definitions of Optional Reduction Amount

Optional Reduction Amount means the amount of reduction of the Aggregate Net Investment specified by the Seller pursuant to Section 2.15(b) hereof. “Optional Reduction Date” shall mean the date on which an Optional Reduction Amount is paid. “Optional Reduction Notice” shall have the meaning specified in Section 2.15(b) hereof. “Original Closing Date” shall mean July 31, 2013. “Originator” shall mean each of ▇▇▇▇▇▇▇▇ and each other Subsidiary of ▇▇▇▇▇▇▇▇ identified as such from time to time on the signature pages or an addendum hereto and which has not been removed as an Originator under Section 3.03 of the Purchase and Contribution Agreement; provided that each Subsidiary of ▇▇▇▇▇▇▇▇ which is not a party to this Agreement on May 19, 2021 shall become an Originator hereunder only upon satisfaction of the conditions precedent contained in Section 3.04 hereof.
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Optional Reduction Amount has the meaning specified in Section ------------------------- 2.04(a).
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Related to Optional Reduction Amount

  • FX Reduction Amount is defined in Section 2.1.3.

  • Reduction Amount has the meaning set forth in Section 2.05(b)(viii).

  • Appraisal Reduction Amount shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Cumulative Appraisal Reduction Amount As of any date of determination by the Special Servicer, the sum of (i) all Appraisal Reduction Amounts then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then in effect. The Certificate Administrator and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Cumulative Appraisal Reduction Amount. None of the Master Servicer, the Trustee nor the Certificate Administrator shall calculate or verify any Cumulative Appraisal Reduction Amount.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.