Common use of Available Subordinated Amount Clause in Contracts

Available Subordinated Amount. (a) If an Early Amortization Period begins, Servicer shall promptly calculate the Available Subordinated Amount as of the Early Amortization Calculation Date and report such amount in the Daily Report for the first day in the Early Amortization Period. Servicer shall also calculate the Available Subordinated Amount as of each Cut-Off Date falling in the Early Amortization Period, such calculation to be reflected in the related Monthly Report.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (International Comfort Products Corp), Pooling and Servicing Agreement (Avondale Inc), Pooling and Servicing Agreement (International Comfort Products Corp)

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Available Subordinated Amount. (a) If an Early Amortization Period begins, Servicer shall promptly calculate the Available Subordinated Amount as of the Early Amortization Period Calculation Date and report such amount in the Daily Report for the first day in the Early Amortization Period. Servicer shall also calculate the Available Subordinated Amount as of each Cut-Off Date falling in the Early Amortization Period, such calculation to be reflected in the related Monthly Report.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nebco Evans Holding Co)

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