Examples of Available Amounts in a sentence
The Sponsor acknowledges and agrees that amounts owing to the Asset Representations Reviewer in respect of the indemnification provided hereunder shall not be limited to or reduced by the amount of Available Amounts on deposit in the Collection Account, except to the extent that such Available Amounts have been allocated to make a payment to the Asset Representations Reviewer on the next-occurring Distribution Date pursuant to Section 5.06 of the Sale and Servicing Agreement.
The Reimbursement Obligation shall be only paid by the City from moneys actually received by the City and deposited into the Fund that constitute Available Amounts.
Money deposited in the Fund will be used in the following order of priority: (i) payment of amounts required to be paid to the Princeton City School District and the Great Oaks Institute of Technology and Career Development pursuant to the TIF Ordinance and (ii) upon the satisfaction of the conditions in Section 4, any remaining amounts on deposit in the Fund (the "Available Amounts") will be used to pay the Reimbursement Obligation to the Developer.
If the Reimbursement Obligation is paid in full prior to the expiration of the exemption established by the TIF Ordinance, the exemption shall nevertheless continue for the duration set forth in the TIF Ordinance, and the City shall be entitled to retain all Available Amounts in the Fund for application to any lawful purpose.