Minimum Tranche Amount has the meaning specified in Section 2.15(b).Īvailable Equity Amount means a cumulative amount equal to (without duplication): Loan Amount has the meaning specified in Section 7.06(b) of the Indenture. With respect to each Payment Date, the Class Notional Amount for the Class A-H Reference Tranche will be increased by the excess, if any, of the Tranche Write-down Amount for such Payment Date over the Credit Event Amount for such Payment Date. Tranche Write-down Amount With respect to each Payment Date, the excess, if any, of the Principal Loss Amount for such Payment Date over the Principal Recovery Amount for such Payment Date.
Investment drawdown plus#
Maximum Revolving Advance Amount means $40,000,000, plus any increases in accordance with Section 2.24.
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Investment drawdown pro#
Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes) provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.ĭrawdown means any Advance which results in an increase in the Outstanding Principal.Īvailable Advance Reimbursement Amount has the meaning set forth in Section 4.6(a). Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value. Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2. Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).Īdvance Amount has the meaning set forth in the Collateral Valuation Schedule. Draw Down Amount means the actual amount of a Draw Down paid to the Company.