Parent Priority Recovery Amount

Example Definitions of "Parent Priority Recovery Amount"
Parent Priority Recovery Amount. Means, in respect of any CVR Accrual Period, the greater of (i) the sum of $ 13,291,655.72 plus the amount of any Advances on Covered Loans after September 30, 2024 minus the cumulative amount of any Parent Priority Proceeds received in the period between September 30, 2024 and the end of such CVR Accrual Period and (ii) zero.
Found in Ready Capital Corp contract
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