Transfer Instructions with Breakout Surplus Sample Clauses

Transfer Instructions with Breakout Surplus. In any month in which a Breakout Surplus (as defined in Section A.2.2.2 on the prior page) exists, the Intermediary shall (first) determine the gross funds to be disbursed (the sum of the Available Breakout and the Breakout Surplus, or the “Gross Funds”); (second) calculate and disburse from the Company Cash Account the Fees payable to Catwalk, the Lead Senior Investor and the Intermediary (the Gross Funds minus the Fees payable per Breakout shall be referred to herein as the “Net Funds”); (third), and for so long as the Draw Account is less than $5,000,000, disburse the Net Funds to the Working Account up to the Maximum Monthly Draw ($1,000,000), and then distribute the remaining Net Funds to the Draw Account until the availability on the Draw Account is $5,000,000, and thereafter disburse any remaining Net Funds to the Working Account. The determination of the Gross Funds and disbursement of the Net Funds is demonstrated in example form in the “Example Disbursement Instructions” in Exhibit D.