Residual Amount definition

Residual Amount means for any Weekly Allocation Date with respect to any Quarterly Collection Period the amount, if any, by which the amount allocated to the Collection Account on such Weekly Allocation Date exceeds the sum of the amounts to be paid and/or allocated on such Weekly Allocation Date pursuant to priorities (i) through (xxviii) of the Priority of Payments.
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Residual Amount means, in relation to a Noteholder and a Note, the fraction of a Security rounded down pursuant to Condition 20(b), as determined by the Calculation Agent or such amount as otherwise specified in the relevant Pricing Supplement;
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Residual Amount means, with respect to an application of Available Proceeds or Managers’ Available Proceeds, as applicable, all remaining proceeds (if any) after the application of the Available Proceeds or Managers’ Available Proceeds, as applicable, to satisfy the payments set out in Condition 16(a)(i) to (vi) (Application of Available Proceeds of Liquidation), in Condition 16(b)(i) to (vi) (Application of Available Proceeds of Enforcement of Security) or in Condition 16(c)(i) to (iv) (Application of Managers’ Available Proceeds of Enforcement of Managers’ Security), as applicable.
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Examples of Residual Amount in a sentence

  • In the event that the Company is given the option for accelerated effectiveness of the registration statement, but chooses not to cause such registration statement to be declared effective on such accelerated basis, the Residual Amount shall increase by five thousand dollars ($5,000) per day commencing on the earliest date as of which such registration statement would have been declared to be effective if subject to accelerated effectiveness.

  • In the event of a Default hereunder, the Holder shall have the right, but not the obligation, to 1) switch the Residual Amount to a three-year (“Convertible Maturity Date”), fifteen percent (15%) interest bearing convertible debenture at the terms described in Section 4.2 (the "Convertible Debenture").

  • In the event the Company does not file such registration statement within twenty (20) business days of the Holder's request, or such registration statement is not declared by the Commission to be effective under the Securities Act within the time period described above , the Residual Amount shall increase by five thousand dollars ($5,000) per day.

  • If the Holder chooses to convert the Residual Amount to a Convertible Debenture, the Company shall have twenty (20) business days after notice of the same (the "Notice of Convertible Debenture") to file a registration statement covering an amount of shares equal to three hundred percent (300%) of the Residual Amount.

  • For purposes hereof, the term "Residual Amount" means the lesser of: (a) the amount, if any, by which the amount required to be spent by the Company and its subsidiaries to purchase or pay for outstanding Convertible Debentures exceeds $15 million; or (b) $1.152 million.


More Definitions of Residual Amount

Residual Amount means, with respect to an application of Available Proceeds in connection with a Liquidation Event or an Enforcement Event, as applicable, all remaining proceeds (if any) after the application of the Available Proceeds to satisfy the payments set out in paragraphs (A) to (E) of Condition 15(a) or (b), as applicable.
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Residual Amount means in relation to a Noteholder and a Note, the fraction of a Security rounded down pursuant to Condition 10(c)(i)(B), as determined by the Calculation Agent.
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Residual Amount means for any Monthly Allocation Date with respect to any Quarterly Collection Period the amount, if any, by which the amount allocated to the Collection Account on such Monthly Allocation Date exceeds the sum of the amounts to be paid and/or allocated on such Monthly Allocation Date pursuant to priorities (i) through (xxi) of the Priority of Payments; provided, if, as of any date of determination, the P&I DSCR calculation is maintained or improved as a result of an equity contribution to the Issuer, the Residual Amount shall be reduced to the Residual Amount that would have been paid absent such equity contribution; provided further, the amount of such reduction shall be deposited into the Reserve Account and released to the Collection Account only upon the P&I DSCR calculation being satisfied without giving any effect to any equity contributions by the Manager.
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Residual Amount means, with respect to an application of Available Proceeds in connection with a Liquidation Event or an Enforcement Event, as applicable, all remaining proceeds (if any) after the application of the Available Proceeds to satisfy the payments set out in Condition 5(k)(iii)(A) to (F).
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Residual Amount means, collectively or as the context requires, the U.S. Residual Amount and the Canadian Residual Amount.
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Residual Amount means the lesser of: (a) the amount, if any, by which the amount required to be spent by the Company and its subsidiaries to purchase or pay for outstanding Convertible Debentures exceeds $15 million; or (b) $1.152 million. For this purpose, if any person exercises an option issued by the Company to purchase shares of the Company's common stock and pays all or any portion of the purchase price for those shares in Convertible Debentures, the amount spent by the Company for those Convertible Debentures shall be the number of shares purchased by the person exercising that option with those debentures multiplied by the Market Price.
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Residual Amount means for any Interim Allocation Date with respect to any Quarterly Collection Period the amount, if any, by which the amount allocated to the Collection Account on such Interim Allocation Date exceeds the sum of the amounts to be paid and/or allocated on such Interim Allocation Date pursuant to priorities (i) through (xxix) of the Priority of Payments.
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