Examples of Available Funds Shortfall in a sentence
The Notice shall constitute a claim for an Insured Payment pursuant to the Policy for an amount equal to the Available Funds Shortfall.
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The payment of any amounts made pursuant to clause C(x) or D(x), as applicable, of Section 6.01(a) to fund any Group I Available Funds Shortfall shall be applied as provided in clauses A(i) through A(x), in that order, or B(i) through B(x), in that order, as applicable, of Section 6.01(a).
In addition, in the event that the Available Funds Shortfall is greater than the Available Reserve Amount, then, the Trustee shall transfer, not later than the end of such Business Day, from the Residual Account to the Collection Account, an amount equal to the lesser of (i) the remaining Available Funds Shortfall and (ii) the amount, if any, on deposit in the Residual Account and available therefore.
If the 2024-B Available Funds Shortfall Amount for any Payment Date is greater than zero, the Indenture Trustee will withdraw, or cause to be withdrawn, from the 2024-B Reserve Account an amount equal to the 2024-B Reserve Account Draw Amount and transfer the 2024-B Reserve Account Draw Amount to the 2024-B Exchange Note Collection Account on or prior to the related Payment Date, which amount shall be applied towards making distributions on such Payment Date.