Excess Cashflow. On each Distribution Date, the Trustee shall distribute: the Monthly Excess Cashflow Amount, to the extent available, to the parties, in the amounts and in the priorities indicated:
Excess Cashflow. After payment of the amounts specified in clauses (i) through (viii) above, any remaining Interest Funds shall be treated as Excess Cashflow and distributed as described in subsection (e) below.
Excess Cashflow. (a) If at any time EDC WGQ credits any Excess Cashflow Prepayment Amount (WGQ) into the Excess Cashflow Account (WGQ) pursuant to Clause 18.6 (Excess Cashflow Account), EDC WGQ shall, on the immediate next Interest Payment Date apply all Excess Cashflow Prepayment Amount (WGQ) towards the prepayment of the Facility A Loans.
Excess Cashflow. If at any time the Borrower credits any Excess Cashflow Prepayment Amount into the Excess Cashflow Account pursuant to Clause 18.6 (Excess Cashflow Account), the Borrower shall, on the immediate next Interest Payment Date apply all Excess Cashflow Prepayment Amount towards the prepayment of the Loans.
Excess Cashflow. Within ten Business Days after delivery of the Annual Accounts in relation to each Financial Year the Parent shall procure that an amount equal to (i) 66 2/3 per cent. of the amount of Excess Cashflow for that Financial Year minus (ii) (without double counting) the aggregate amount of prepayments made in accordance with clause 10.1 (Voluntary prepayments), 10.4 (Asset Disposals), 10.5 (Insurance claims) and 10.7 (Report claims) and any amount permitted to be retained by the Group in accordance with those clauses during (or referable to) that Financial Year, to the extent that the relevant amounts or proceeds giving rise to the relevant prepayments have been included in calculating Cashflow is applied in prepayment of the Facility provided that:
Excess Cashflow. The Company shall ensure that the Borrowers prepay Utilisations and cancel Available Commitments, in an amount equal to 50 per cent. of Excess Cashflow for each Calculation Period ending on or after the third anniversary of the Closing Date at the times and in the order of application contemplated by Clause 11.5 (Application of mandatory prepayments).
Excess Cashflow. Subordination: The Mezzanine Certificates will be subordinate to, and provide credit support for, the Senior Certificates. Among the Mezzanine Certificates, they will rank in priority from highest to lowest in the following order: Class M-1, Class M-2 and Class M-3 Certificates, with each subsequent Class providing credit support for the prior Class or Classes, if any. Overcollateralization: Commencing in December 2004, any Excess Cashflow will be applied as principal on the Offered Certificates. This will cause the principal balance of the Mortgage Loans to exceed the Class Principal Balance of the Certificates, resulting in Overcollateralization. Any realized losses on the Mortgage Loans will be applied first to Excess Cashflow and then to Overcollateralization. In the event that the Overcollateralization is so reduced, Excess Cashflow will be directed to pay principal on the Certificates, resulting in the limited acceleration of the Certificates relative to the amortization of the Mortgage Loans, until the Overcollateralization reaches the Overcollateralization Target. Upon this event, the acceleration feature will cease, unless the amount of Overcollateralization is reduced by realized losses.
Excess Cashflow. (a) Subject to the requirements of Clause 7.9 (Segregated Accounts and Reserves), the Parent shall ensure that, at the times contemplated by paragraph (e) of Clause 7.8 (
Excess Cashflow. 8.5 The Borrower shall apply any surplus on the Collection Account referred to in clause 7.9(c) in prepayment of the Loans on the relevant Repayment Date. Voluntary prepayment of Loans
Excess Cashflow. (a) Within ten Business Days after delivery of each of the Quarterly Accounts for the Accounting Quarter ending 31 March and the Quarterly Accounts for the Accounting Quarter ending 30 September in each calendar year, the Parent shall procure that an amount equal to 50 per cent. of the amount of Excess Cashflow for the Relevant Period, minus the aggregate amount of prepayments made in accordance with clause 12.1 (Voluntary prepayments), 12.4 (Asset Disposals), and 12.5 (Insurance Claims) and any amount permitted to be retained by the Group in accordance with those clauses during (or referable to) that Relevant Period, to the extent that the relevant amounts or proceeds giving rise to the relevant prepayments have been included in calculating Cashflow, is applied in prepayment of the Facilities.