Reimbursement Amount Definition Example with 7 Variations

This page contains an example definition of Reimbursement Amount, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Reimbursement Amount. Shall mean, as of any Payment Date, the sum of(x) (i) all Insured Payments paid by Ambac, but for which Ambac has not been reimbursed prior to such Payment Date, plus (ii) interest accrued on such Insured Payments not previously repaid calculated at the Late Payment Rate from the date the Indenture Trustee, or any other Person at its direction, received the related Insured Payments or the date such Insured Payments were made, and (y) without duplication (i) any amounts then due and owing to... Ambac under the Insurance Agreement or the Indenture plus (ii) interest on such amounts at the Late Payment Rate. View More Arrow
Found in Capital One Auto Receivables LLC contract

Variations

Reimbursement Amount. Shall mean, as of any Payment Date, the sum of(x) (i) of (x)(i) all Insured Payments paid by Ambac, but for which Ambac has not been reimbursed prior to such Payment Date, plus (ii) interest accrued on such Insured Payments not previously repaid calculated at the Late Payment Rate from the date the Indenture Trustee, or any other Person at its direction, received the related Insured Payments or the date such Insured Payments were made, (y) (i) all costs and (y) expenses of Ambac in connection... with any action, proceeding or investigation affecting the Issuer, the Trust Estate or the rights or obligations of Ambac hereunder or under the Transaction Documents including any judgment or settlement entered into affecting Ambac or Ambac's interests plus (ii) interest on such amounts of the Late Payment Rate and (z) without duplication (i) any amounts then due and owing to Ambac under the Insurance Agreement or the Indenture plus (ii) interest on such amounts at the Late Payment Rate. View More Arrow
Found in Capital One Auto Receivables LLC contract
Reimbursement Amount. Shall shall mean, as of any Payment Distribution Date, the sum of(x) (i) of (x)(i) all Insured Payments paid by Ambac, but for which Ambac has not been reimbursed prior to such Payment Date, 5 Distribution Date pursuant to Section 3.3 of the Insurance Agreement, Section 5.6 of the Indenture and Section 5.7 of the Sale and Servicing Agreement, plus (ii) interest accrued on such Insured Payments not previously repaid calculated at the Late Payment Rate from the date the Indenture Trustee, or any... other Person at its direction, received the related Insured Payments or the date such Insured Payments were made, and (y) without duplication (i) any amounts then due and owing to Ambac under the Insurance Agreement or Agreement, Section 5.6 of the Indenture and Sections 5.7(a)(vi), (vii) and (x) of the Sale and Servicing Agreement, as certified to the Indenture Trustee by Ambac plus (ii) interest on such amounts at the Late Payment Rate. View More Arrow
Found in TRIAD FINANCIAL SM LLC contract
Reimbursement Amount. Shall shall mean, as of any Payment Distribution Date, the sum of(x) (i) of (x)(i) all Insured Payments paid by Ambac, but for which Ambac has not been reimbursed prior to such Payment Date, Distribution Date pursuant to Section 3.3 of the Insurance Agreement, Section 5.6 of the Indenture and Section 5.7 of the Sale and Servicing Agreement, plus (ii) interest accrued on such Insured Payments not previously repaid calculated at the Late Payment Rate from the date the Indenture Trustee, or any... other Person at its direction, received the related Insured Payments or the date such Insured Payments were made, and (y) without duplication (i) any amounts then due and owing to Ambac under the Insurance Agreement or Agreement, Section 5.6 of the Indenture and Sections 5.7(b)(xi) and (xiv) of the Sale and Servicing Agreement, as certified to the Indenture Trustee by Ambac plus (ii) interest on such amounts at the Late Payment Rate. View More Arrow
Found in 2 Contracts from 2 Companies
Reimbursement Amount. Shall shall mean, as of any Payment Distribution Date, the sum of(x) (i) of (x)(i) all Insured Payments paid by Ambac, but for which Ambac has not been reimbursed prior to such Payment Date, Distribution Date pursuant to Section 3.3 of the Insurance Agreement, Section 5.6 of the Indenture and Section 5.7 of the Sale and Servicing Agreement, plus (ii) interest accrued on such Insured Payments not previously repaid calculated at the Late Payment Rate from the date the Indenture Trustee, or any... other Person at its direction, received the related Insured Payments or the date such Insured Payments were made, and (y) without duplication (i) any amounts then due and owing to Ambac under the Insurance Agreement or Agreement, Section 5.6 of the Indenture and Sections 5.7(a)(vi), (vii) and (x) of the Sale and Servicing Agreement, as certified to the Indenture Trustee by Ambac plus (ii) interest on such amounts at the Late Payment Rate. View More Arrow
Found in Triad Financial Special Purpose LLC contract
Reimbursement Amount. Shall shall mean, as of any Payment Distribution Date, the sum of(x) (i) of (x)(i) all Insured Payments paid by Ambac, but for which Ambac has not been reimbursed prior to such Payment Distribution Date, plus (ii) interest accrued on such Insured Payments not previously repaid calculated at the Late Payment Rate from the date the Indenture Trustee, or any other Person at its direction, received the related Insured Payments or the date such Insured Payments were made, and (y) without duplication... (i) any amounts then due and owing to Ambac under the Insurance Agreement or Agreement, the Indenture and the Sale and Servicing Agreement, as certified to the Indenture Trustee by Ambac plus (ii) interest on such amounts at the Late Payment Rate. View More Arrow
Found in UPFC Auto Receivables Trust 2006-B contract
Reimbursement Amount. Shall shall mean, as of any Payment Distribution Date, the sum of(x) (i) of (x)(i) all Insured Payments paid by Ambac, but for which Ambac has not been reimbursed prior to such Payment Date, Distribution Date pursuant to Section 3.3 of the Insurance Agreement, Section 5.6 of the Indenture and Section 5.7 of the Sale and Servicing Agreement, plus (ii) interest accrued on such Insured Payments not previously repaid 5 calculated at the Late Payment Rate from the date the Indenture Trustee, or any... other Person at its direction, received the related Insured Payments or the date such Insured Payments were made, and (y) without duplication (i) any amounts then due and owing to Ambac under the Insurance Agreement or Agreement, Section 5.6 of the Indenture and Sections 5.7(b)(x) and (xiii) of the Sale and Servicing Agreement, as certified to the Indenture Trustee by Ambac plus (ii) interest on such amounts at the Late Payment Rate. View More Arrow
Found in TRIAD AUTOMOBILE RECEIVABLES TRUST 2002 A contract
Reimbursement Amount. Shall shall mean, as of any Payment Date, the sum of(x) (i) of (x)(i) all Insured Payments paid by Ambac, but for which Ambac has not been reimbursed prior to such Payment Date, Date pursuant to Section 3.3 of the Insurance Agreement, Section 5.6 of the Indenture and Section 5.7 (vi) of the Sale and Servicing Agreement, plus (ii) interest accrued on such Insured Payments not previously repaid calculated at the Late Payment Rate from the date the Indenture Trustee, or any other Person at its... direction, received the related Insured Payments or the date such Insured Payments were made, and (y) without duplication (i) any amounts then due and owing to Ambac under the Insurance Agreement or Agreement, Section 5.6 of the Indenture and Section 5.7(b)(viii) of the Sale and Servicing Agreement, as certified to the Indenture Trustee by Ambac plus (ii) interest on such amounts at the Late Payment Rate. View More Arrow
Found in BOND SECURITIZATION LLC contract
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