Collections Allocable and Aggregate Amounts Available for the Current Payment Date Sample Clauses

Collections Allocable and Aggregate Amounts Available for the Current Payment Date. Fixed Recovery Charge Remittances
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Collections Allocable and Aggregate Amounts Available for the Current Payment Date i. Remittances for the 12/19 collection period (1) 5,502,900.50 ii. Remittances for the 01/20 collection period 5,108,829.73 iii. Remittances for the 02/20 collection period 5,003,801.39 iv. Remittances for the 03/20 collection period 5,074,269.46 v. Remittances for the 04/20 collection period 5,538,768.53 vi. Remittances for the 05/20 collection period (2) 5,180,783.00 vii. Investment Earnings on Collection Account viii. Investment Earnings on Capital Subaccount 23,983.76 ix. Investment Earnings on Excess Funds Subaccount 8,509.08 x. Investment Earnings on General Subaccount 93,532.62 xi. General Subaccount Balance (sum of i through x above) 31,535,378.07 xii. Excess Funds Subaccount Balance as of Prior Payment Date 1,461,509.54 xiii. Capital Subaccount Balance as of Prior Payment Date 4,000,000.00 xiv. Collection Account Balance (sum of xi through xiii above) 36,996,887.61
Sample 1See All (4)
Collections Allocable and Aggregate Amounts Available for the Current Payment Date i. Remittances for the ___ Collection Period $_________ ii. Remittances for the ___ Collection Period $_________ iii. Remittances for the ___ Collection Period $_________ iv. Remittances for the ___ Collection Period $_________ v. Remittances for the ___ Collection Period $_________ vi. Remittances for the ___ Collection Period $_________ vii. Investment Earnings on Collection Account
Sample 1Sample 2Sample 3
Collections Allocable and Aggregate Amounts Available for the Current Payment Date i. Remittances for the ___ Collection Period $_________ ii. Remittances for the ___ Collection Period $_________ iii. Remittances for the ___ Collection Period $_________ iv. Remittances for the ___ Collection Period $_________ v. Remittances for the ___ Collection Period $_________ vi. Remittances for the ___ Collection Period $_________ vii. Investment Earnings on Collection Account viii. Investment Earnings on Capital Subaccount ix. Investment Earnings on Excess Funds Subaccount x. Investment Earnings on General Subaccount $_________ $_________ $_________
Sample 1
Collections Allocable and Aggregate Amounts Available for the Current Payment Date i. Remittances for the 06/16 Collection Period (1) 5,623,051.29 ii. Remittances for the 07/16 Collection Period 6,107,764.77 iii. Remittances for the 08/16 Collection Period 7,373,402.72 iv. Remittances for the 09/16 Collection Period 7,921,433.20 v. Remittances for the 10/16 Collection Period 7,080,209.61 vi. Remittances for the 11/16 Collection Period (2) 6,467,418.12 vii. Investment Earnings on Collection Account viii. Investment Earnings on Capital Subaccount 5,413.89 ix. Investment Earnings on Excess Funds Subaccount 3,648.82 x. Investment Earnings on General Subaccount 25,876.50 xiv. General Subaccount Balance (sum of i through xiii above) 40,608,218.92
Sample 1

Related to Collections Allocable and Aggregate Amounts Available for the Current Payment Date

  • Adjustments to Required Subordinated Percentages and Amount (a) On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2018-2) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.

  • DISTRIBUTION OF EXCESS AGGREGATE CONTRIBUTIONS The Advisory Committee will determine excess aggregate contributions after determining excess deferrals under Section 14.07 and excess contributions under Section 14.08. If the Advisory Committee determines the Plan fails to satisfy the ACP test for a Plan Year, it must distribute the excess aggregate contributions, as adjusted for allocable income, during the next Plan Year. However, the Employer will incur an excise tax equal to 10% of the amount of excess aggregate contributions for a Plan Year not distributed to the appropriate Highly Compensated Employees during the first 2 1/2 months of that next Plan Year. The excess aggregate contributions are the amount of aggregate contributions allocated on behalf of the Highly Compensated Employees which causes the Plan to fail to satisfy the ACP test. The Advisory Committee will distribute to each Highly Compensated Employee his respective share of the excess aggregate contributions. The Advisory Committee will determine the respective shares of excess aggregate contributions by starting with the Highly Compensated Employee(s) who has the greatest contribution percentage, reducing his contribution percentage (but not below the next highest contribution percentage), then, if necessary, reducing the contribution percentage of the Highly Compensated Employee(s) at the next highest contribution percentage level (including the contribution percentage of the Highly Compensated Employee(s) whose contribution percentage the Advisory Committee already has reduced), and continuing in this manner until the ACP for the Highly Compensated Group satisfies the ACP test. If the Highly Compensated Employee is part of an aggregated family group, the Advisory Committee, in accordance with the applicable Treasury regulations, will determine each aggregated family member's allocable share of the excess aggregate contributions assigned to the family unit.

  • 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.

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Reduction of Servicing Compensation in Connection with Prepayment Interest Shortfalls In the event that any Mortgage Loan is the subject of a Prepayment Interest Shortfall, the Servicer shall, from amounts in respect of the Servicing Fee for such Distribution Date, deposit into the Collection Account, as a reduction of the Servicing Fee for such Distribution Date, no later than the Servicer Remittance Date immediately preceding such Distribution Date, an amount up to the Prepayment Interest Shortfall; provided that the amount so deposited shall not exceed the Compensating Interest for such Distribution Date. In case of such deposit, the Servicer shall not be entitled to any recovery or reimbursement from the Depositor, the Trustee, the Issuing Entity or the Certificateholders. With respect to any Distribution Date, to the extent that the Prepayment Interest Shortfall exceeds Compensating Interest (such excess, a "Non-Supported Interest Shortfall"), such Non-Supported Interest Shortfall shall reduce the Current Interest with respect to each Class of Certificates, pro rata based upon the amount of interest each such Class would otherwise be entitled to receive on such Distribution Date. Notwithstanding the foregoing, there shall be no reduction of the Servicing Fee in connection with Prepayment Interest Shortfalls related to the Relief Act or bankruptcy proceedings and the Servicer shall not be obligated to pay Compensating Interest with respect to Prepayment Interest Shortfalls related to the Relief Act or bankruptcy proceedings.

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