Expected Periodic Distribution Amount definition

Expected Periodic Distribution Amount means on any relevant Periodic Distribution Date (as defined in the paragraph entitled “Other terms and conditions – Profit/coupon/rental rate payment frequency”), such amount calculated at the Periodic Distribution Rate (as defined in the paragraph entitled “Other terms and conditions – Profit/coupon/rental rate (fixed or floating)”) on the nominal value of the relevant Sukuk Wakalah based on actual/365 days convention.
Sample 1
Expected Periodic Distribution Amount means, in relation to each Series of Sukuk Wakalah with Periodic Distributions, the amount of profit payable by the Issuer to the Relevant Sukukholders to be made periodically on each Periodic Distribution Date of which the amount shall be calculated at the Periodic Distribution Rate on the Nominal Value of the Sukuk Wakalah based on the Periodic Distribution Basis;
Sample 1
Expected Periodic Distribution Amount means on any relevant Periodic Distribution Date (as defined in the paragraph entitled “Other terms and conditions– Profit/coupon/rental payment frequency”), such amount calculated at the rate of periodic distribution (as further described in the paragraph entitled “Other terms and conditions – Profit/coupon/rental rate (fixed or floating)”) (“Periodic Distribution Rate”) on the nominal value of the relevant Sukuk Wakalah based on actual/365 days convention.(d) Upon the purchase of the Commodities, the Buyer, via a commodity trading participant, will immediately sell the Commodities to the commodity buyer(s) at Bursa Suq Al-Sila’ and/or a commodity broker other than Commodity Broker A acceptable to the Shariah Adviser (“Commodity Broker B”) (“Commodity Buyer”) on spot basis for cash, at a selling price equivalent to the Commodity Purchase Price (“Selling Price”).5. During the tenure of the Sukuk Wakalah, returns generated from the relevant Wakalah Investments (being the returns generated from the investment into the Shariah-Compliant Business and the Commodity Murabahah Investment) up to the Expected Periodic Distribution Amount, shall be distributed periodically in the form of periodic distributions (“Periodic Distributions”, and each a “Periodic Distribution”).Any returns from the Wakalah Investments in excess of the Expected Periodic Distribution Amount shall be waived by the Sukukholders and retained by the Investment Wakeel as incentive fees for its services in managing the Wakalah Investments.In relation to the AT-1 Sukuk Wakalah only, in the event income generated from Wakalah Investments is insufficient to pay the Expected Periodic Distribution Amount, the Investment Wakeel may, at its sole and absolute discretion, provide hibah to the Sukuk Trustee (on behalf of the holders of the AT-1 Sukuk Wakalah).6. Bank Muamalat as the obligor (“Obligor”) shall grant a master purchase undertaking (“Purchase Undertaking”) to the Sukuk Trustee (for the benefit of the Sukukholders), in which the Obligor shall purchase the Sukukholders’ undivided and proportionate beneficial interest in the Shariah-compliant Business at the relevant Exercise Price (as defined below) via a sale and purchase agreement as follows:
Sample 1

Examples of Expected Periodic Distribution Amount in a sentence

  • The Deferred Sale Price shall be equal to the sum of the aggregate Expected Periodic Distribution Amount (as defined below) and 100% of the nominal value of the relevant Senior Sukuk Wakalah or Tier 2 Sukuk Wakalah.

  • Any excess above the Expected One-off Distribution Amount or Expected Periodic Distribution Amount (as the case may be) shall be waived by the Sukukholders and retained by the Wakeel as incentive fee.

  • In respect of Senior Sukuk Wakalah and Tier-2 Sukuk Wakalah: The Deferred Sale Price shall be equal to the aggregate of Expected Periodic Distribution Amount (as defined below) and the nominal value of the Senior Sukuk Wakalah or Tier-2 Sukuk Wakalah.

  • Any returns from the Wakalah Investments in excess of the Expected Periodic Distribution Amount distributable under the Sukuk Wakalah shall be waived by the Sukukholders and retained by the Investment Wakeel as incentive fee for its services in managing the Wakalah Investments under the Master Wakalah Agreement.

  • The Rental on the subsequent rental payment date(s) shall be revised (equivalent to the Expected Periodic Distribution Amount payable on the relevant Periodic Distribution Date plus Additional Periodic Distribution Amount).

  • If the Effective Profit Rate is higher than the Ceiling Profit Rate, the Issuer is obliged to make an Expected Periodic Distribution Amount at the Ceiling Profit Rate only.

  • No default: Notwithstanding any other provision in these principal terms and conditions, the deferral of any Expected Periodic Distribution Amount payment or any Arrears of Deferred Periodic Distribution payment or any Additional Periodic Distribution Amount payment in accordance with this paragraph shall not constitute a default for any purpose (including, without limitation, pursuant to the (Enforcement Event) paragraph on the part of the Issuer.22.

  • The Identified Assets Profit and Additional Identified Assets Profit (where applicable) up to such Expected Periodic Distribution Amount will be applied towards investing in Additional Identified Assets.

  • For the avoidance of doubt, where the Periodic Distribution Rate is on floating rate basis, the aggregate Expected Periodic Distribution Amount in determining the Deferred Sale Price is calculated based on the Ceiling Profit Rate, from issuance date up to the Scheduled Dissolution Date.

  • The Identified Assets Profit and Additional Identified Assets Profit (where applicable) up to such Expected Periodic Distribution Amount due and payable will be distributed to the AT-1 Sukukholders.


More Definitions of Expected Periodic Distribution Amount

Expected Periodic Distribution Amount means on any relevant Periodic Distribution Date, such amount calculated at the Periodic Distribution Rate on the nominal value of the relevant Sukuk Wakalah based on actual/365 days convention.
Sample 1
Expected Periodic Distribution Amount means on any relevant Periodic Distribution Date (as defined in the section entitled “Periodic Distribution Frequency” under “Other terms and conditions”), such amount calculated at the Periodic Distribution Rate (as defined in the section entitled “Periodic Distribution Rate” under “Other terms and conditions”) on the nominal value of the relevant Sukuk Wakalah based on actual/365 days convention.
Sample 1
Expected Periodic Distribution Amount means, on any Distribution Payment Date (as defined below), such amount calculated at the Periodic Distribution Rate (as defined in the paragraph entitled “Other terms and conditions – Profit/Distribution Rate (fixed or floating)”) on the nominal value of the relevant Sukuk Wakalah based on actual/365 days convention. 5. In respect of Sukuk Wakalah with Periodic Distributions, returns generated from the Wakalah Investments up to the Expected Periodic Distribution Amount shall be distributed periodically in the form of periodic distributions (“Periodic Distributions”) during the tenure of such Sukuk Wakalah. The Periodic Distributions shall be made semi-annually or such other period to be determined prior to the issuance date of the relevant Sukuk Wakalah (each such date for distribution, a “Distribution Payment Date”).In respect of Sukuk Wakalah without Periodic Distributions, returns generated from the Wakalah Investments up to the expected one-off distribution amount which shall be equal to the difference between the nominal value and the Sukuk Proceeds of the Sukuk Wakalah shall be distributed on a one-off basis upon the relevant maturity date (“Scheduled Dissolution Date”), the Dissolution Declaration Date, the Enforcement Event Dissolution Date (both as defined below), or the Early Redemption Date (as defined in the paragraph entitled “Provisions on early redemption, if applicable”), as the case may be.Any returns from the Wakalah Investments in excess of the Expected Periodic Distribution Amount or the expected one-off distribution amount (as the case may be) under the relevant tranche of Sukuk Wakalah shall be waived (tanazul) by the Sukukholders and retained by the Investment Wakeel as incentive fees for its services in managing the Wakalah Investments. 6. The Issuer as the obligor (“Obligor”) shall grant a purchase undertaking (“Purchase Undertaking”) to the Sukuk Trustee (for the benefit of the Sukukholders), whereby the Obligor shall purchase the Sukukholders’ undivided and proportionate beneficial interest in the Shariah-compliant Business at the Exercise Price (as defined below) via a sale agreement on the following date(s):
Sample 1

Related to Expected Periodic Distribution Amount

  • Periodic Distribution Date means the first Business Day that is as soon as reasonably practicable occurring approximately ninety (90) days after the immediately preceding Periodic Distribution Date.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Group I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Group 1 Principal Distribution Amount With respect to any Distribution Date is the sum of (i) the Group 1 Basic Principal Distribution Amount for such Distribution Date and (ii) the product of (a) the Overcollateralization Increase Amount for such Distribution Date and (b) the Group 1 Percentage.

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Principal Remittance Amount for such Distribution Date over (ii) the Excess Subordinated Amount, if any, for such Distribution Date.

  • Class A Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balances of the Class A Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 54.50% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over $3,608,680.