ALLOCATION OF AVAILABLE FUNDS Sample Clauses

ALLOCATION OF AVAILABLE FUNDS. The total amount of available funds for each linked deposit program shall be distributed on a first-come first-served basis based on the date and time loan requests are received by the Treasurer. When funds are available, loan requests will be processed from the waiting list in the order they were received.
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ALLOCATION OF AVAILABLE FUNDS. 56 SECTION 4.7 Reserve Account; Supplemental Reserve Account . . . . 58 SECTION 4.8
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ALLOCATION OF AVAILABLE FUNDS. (a) On each Payment Date, the Indenture Trustee shall cause to be made the following transfers and distributions in the amounts set forth in the Servicer's Certificate for such Payment Date: (i) If the Monthly Remittance Conditions are not then satisfied, from the Payahead Account, and otherwise from amounts paid by the Servicer pursuant to Section 4.1(e), to the Collection Account in immediately available funds, (x) the aggregate portion of Payaheads constituting Scheduled Payments or prepayments in full, required by Sections 4.3 and 4.4(a), and (y) the Payahead Balance, if any, relating to any Purchased Receivable. (ii) From the Collection Account to the Payahead Account, or to the Servicer in the event that the Monthly Remittance Conditions are then satisfied, in immediately available funds, the aggregate Payaheads required by Section 4.3 for the Collection Period related to such Payment Date. (b) On each Determination Date, the Servicer shall calculate the Available Funds, the Total Servicing Fee, the Accrued Note Interest for each Class of Notes, the Scheduled Principal, the Principal Distribution Amount, the Last Scheduled Payment Principal Collections, the Reserve Account Amount, the Supplemental Reserve Account Amount and the Yield Supplement Amount, if any, in each case with respect to the next succeeding Payment Date. In addition, the Servicer shall calculate on each Determination Date (i) an amount equal to the lesser of (x) the amount, if any, by which the aggregate amount payable to the Servicer out of the Collection Account on the related Payment Date pursuant to Section 4.4(d) and (e) exceeds the amount paid to the Servicer out of the Collection Account on such Payment Date pursuant to Sections 4.4(d) and (e) and (y) the Supplemental Reserve Account Amount for such Payment Date (the "Supplemental Reserve Account Advance Draw Amount"), (ii) an amount equal to the lesser of (x) the positive difference, if any, between the amount calculated pursuant to subclause (i)(x) of this paragraph and the Supplemental Reserve Account Amount for such Payment Date and (y) the Reserve Account Amount for such Payment Date (the "Reserve Account Advance Draw Amount"), (iii) an amount equal to the lesser of (x) the amount, if any, by which the Total Required Payment for the related Payment Date exceeds the Available Funds for such Payment Date and (y) an amount equal to the Supplemental Reserve Account Amount for such Payment Date less the Supplemental Reserve A...
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ALLOCATION OF AVAILABLE FUNDS. (a) On each Payment Date, the Indenture Trustee shall cause to be made the following transfers and distributions in the amounts set forth in the Servicer's Certificate for such Payment Date:
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ALLOCATION OF AVAILABLE FUNDS. Available Funds — Servicing Fee or Successor Servicing Fee Backup Servicing Fee Collateral Custodian Fee Paying Agent Fees Successor Servicer Senior Interest and Fees Usage Fee (including interest) Unused Fee Hedge Counterparty Senior Hedge Termination Payments Monthly Principal Payment Subordinated Interest and Fees Usage Fee (including interest) Unused Fee Reserve Account Hedge Account Partial Expiration Lender Group principal payment Subordinated Hedge Termination Payments All other Aggregate Unpaids Backup Servicer, Paying Agent and Collateral Custodian Fees Prepayment of the Loans Outstanding Excess amounts to be paid to borrower — FCA Funding I LLC Borrowing Base Report
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ALLOCATION OF AVAILABLE FUNDS. If the funds available to MARAD are insufficient to accommodate every M&R project required to be performed in U.S. shipyards, MARAD will select those work projects suitable for accomplishment in United States shipyards, for which MARAD will reimburse the differential costs of the M&R. MARAD will base such determinations on the amount of funds available, the projected cost of each repair, the number of vessels operated by the vessel operator and the proximity of the vessels’ itineraries to suitable U.S. shipyard locations.
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Related to ALLOCATION OF AVAILABLE FUNDS

  • Available Funds $ 5,439,225.01 ---------------

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Allocation of Realized Losses Prior to each Distribution Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Servicing Modification, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Prepayment Period or, in the case of a Servicing Modification that constitutes a reduction of the interest rate on a Mortgage Loan, the amount of the reduction in the interest portion of the Monthly Payment due during the related Due Period. The amount of each Realized Loss shall be evidenced by an Officers' Certificate. All Realized Losses, other than Excess Special Hazard Losses, Extraordinary Losses, Excess Bankruptcy Losses or Excess Fraud Losses, shall be allocated as follows: first, to the Class B-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class B-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; and, thereafter, if any such Realized Losses are on a Discount Mortgage Loan, to the Class A-P Certificates in an amount equal to the Discount Fraction of the principal portion thereof, and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non-Discount Mortgage Loans will be allocated among all the Senior Certificates (other than the Class A-V Certificates and Class A-P Certificates) in the case of the principal portion of such loss on a pro rata basis and among all of the Senior Certificates (other than the Class A-P Certificates) in the case of the interest portion of such loss on a pro rata basis, as described below. Any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses, Extraordinary Losses on Non-Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. The principal portion of such Realized Losses on the Discount Mortgage Loans will be allocated to the Class A-P Certificates in an amount equal to the Discount Fraction thereof and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non- Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. As used herein, an allocation of a Realized Loss on a "pro rata basis" among two or more specified Classes of Certificates means an allocation on a pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date in the case of the principal portion of a Realized Loss or based on the Accrued Certificate Interest thereon payable on such Distribution Date (without regard to any Compensating Interest for such Distribution Date) in the case of an interest portion of a Realized Loss. Except as provided in the following sentence, any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to a Class of Certificates shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, which allocation shall be deemed to have occurred on such Distribution Date; provided that no such reduction shall reduce the aggregate Certificate Principal Balance of the Certificates below the aggregate Stated Principal Balance of the Mortgage Loans. Any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to the Subordinate Certificates then outstanding with the Lowest Priority shall be made by operation of the definition of "Certificate Principal Balance" and by operation of the provisions of Section 4.02(a). Allocations of the interest portions of Realized Losses (other than any interest rate reduction resulting from a Servicing Modification) shall be made in proportion to the amount of Accrued Certificate Interest and by operation of the definition of "Accrued Certificate Interest" and by operation of the provisions of Section 4.02(a). Allocations of the interest portion of a Realized Loss resulting from an interest rate reduction in connection with a Servicing Modification shall be made by operation of the provisions of Section 4.02(a). Allocations of the principal portion of Debt Service Reductions shall be made by operation of the provisions of Section 4.02(a). All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby; provided that if any Subclasses of the Class A-V Certificates have been issued pursuant to Section 5.01(c), such Realized Losses and other losses allocated to the Class A-V Certificates shall be allocated among such Subclasses in proportion to the respective amounts of Accrued Certificate Interest payable on such Distribution Date that would have resulted absent such reductions.

  • Realized Losses Realized Losses shall be allocated first against the Overcollateralization Amount, until the Overcollateralization Amount has been reduced to zero. If, after giving effect to the distribution of the Principal Distribution Amount on any Distribution Date the aggregate Class Certificate Balance of the Offered Certificates exceeds the Pool Principal Balance as of the end of the related Due Period, such excess will be allocated against the Class B-3, Class B-2, Class B-1, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, in that order and until the respective Class Certificate Balances thereof are reduced to zero.

  • Distributions of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed to the Partners within forty-five days after the end of such quarter as follows:

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

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