Subordination Amount

Subordination Amount. Means, for any Quarter, the positive difference, if any, of (i) an amount equal to the Relevant Percentage of the Operating Deficit for such Quarter, minus (ii) if the Relevant Percentage is ****%, an amount equal to ****% of the Estimated Project Tax Credits for such Quarter, and if the Relevant Percentage is ****%, an amount equal to ****% of the Estimated Project Tax Credits for such Quarter; provided, that the Subordination Amount shall not exceed the Earned Royalty for such... Quarter. View More