Examples of Available Funds Cap in a sentence
The Certificates will accrue interest at a rate based on LIBOR plus a margin, subject to the related Available Funds Cap.
The Certificate Rate for the Adjustable Rate Certificates shall be calculated on the basis of a 360-day year and the actual number of days elapsed except that if an Available Funds Cap is used to calculate the Certificate Rate for any Class of Certificates, interest thereon shall be calculated on the basis of a 360-day year consisting of twelve 30 day months.
Excess interest to pay Carryover resulting from imposition of the Available Funds Cap.
The Available Funds Cap Reserve Fund shall not be an asset of any REMIC established hereby.
Calculated as (a) the Available Funds Cap plus (b) the result of the proceeds from the related Cap Contract divided by the aggregate certificate principal balance of the classes of applicable certificates for such Distribution Date, annualized based on the actual number of days in the accrual period.