Available Interest Collections definition

Available Interest Collections means, with respect to any Payment Date, an amount calculated by the Calculation Agent on the Calculation Date immediately preceding such Payment Date, equal to the Available Collections less the Available Principal Collections in respect of the Collection Period immediately preceding such Payment Date, less any Issuer Expenses provisioned for or paid by the Issuer outside of the Pre- Enforcement Interest Priority of Payment during the relevant Interest Period.
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Available Interest Collections means, with respect to each Collection Period, an amount equal to the sum of:
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Available Interest Collections for any Payment Date means the Interest Shortfall Deposit plus the product of the Interest Collections for that Payment Date and the Floating Allocation Percentage for that Payment Date.
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Examples of Available Interest Collections in a sentence

  • If Series Available Interest Collections and other sums available for making interest payments in accordance with the Interest Priority of Payments are insufficient to pay interest on the FCT Notes on any Payment Date, there will be an Event of Default.

  • To the extent that the Issuer does not have sufficient Available Interest Collections to make payments then outstanding, there is a risk that there may be a shortfall in the funds available to the Issuer to meet all payments under the Notes.

  • Credit enhancement for the FCT Notes will be provided by (a) the subordination of Seller Available Interest Collections and Seller Available Principal Collections in accordance with the Seller Priority of Payments and(b) the General Reserve Account, the credit enhancement provided through the General Reserve Account being, for the avoidance of doubt, supplementary to the credit enhancement provided through subordination as referred to in item (a).

  • The Issuer Priority of Payments specifies separate orders of priority of payment of Available Interest Collections, Available Sequential Principal and Available Pro Rata Principal for each Class of Notes prior to and following an Issuer Event of Default.If Available Pro Rata Principal applies principal amounts available for distribution will be applied pro rata to all Classes of Notes regardless of their ranking prior to an Issuer Event of Default and enforcement of the Issuer Charge.

  • The Cash Manager will determine the proportion of Available Interest Collections which are allocable to the German Loans (the “German Loans Available Interest Collections”) and the proportion which are allocable to the Swiss Unsecured Loans (the “Swiss Available Interest Collections”).

  • Accordingly, to the extent that the Issuer does not have sufficient Available Interest Collections to make payments then outstanding, there is a risk that there may be a shortfall in funds available to the Issuer to meet all payments under the Notes.

  • If the Issuer does not have sufficient Available Interest Collections on the relevant Interest Payment Date to meet interest payments on the Class A Notes and the Class B Notes in full, any shortfall will first be borne by the Class B Notes and, to the extent that interest due in respect of the Class B Notes on such Interest Payment Date is less than such shortfall, it will secondly be borne by the Class A Notes, in each case pro rata and pari passu between the Notes of such Class.

  • The "Excess Available Interest Collection Amount" for the relevant Payment Date is an amount equal to the aggregate amount of Available Interest Collections for such Payment Date less any amounts payable under items (i) through to (xii) above (but excluding for these purposes any amounts payable under item (v)(b) above).

  • If such Italian Issuer Fees, in accordance with the then applicable Italian Issuer Priority of Payments are applied as Available Interest Collections, such fees are referred to herein as "Italian Issuer RC Fees" and if such Italian Issuer Fees are applied as Available Principal Collections, then such fees are referred to herein as "Italian Issuer PC Fees".

  • The same significant quotient was used to distinguish the skiers’ shortened muscles (Ma- tošková, Tietz & Süss, 2009).The lateral asymmetry was measured by means of the InBody3.0 instrument.


More Definitions of Available Interest Collections

Available Interest Collections for any Payment Date and a Loan Group means the Interest Shortfall Deposit plus the product of the Interest Collections for the Loan Group during the related Collection Period and the related Floating Allocation Percentage for the Payment Date.
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Available Interest Collections. With respect to any Distribution Date and the Underlying Certificates, all collections of interest received in respect of the Underlying Certificates on such Distribution Date, excluding any Underlying Yield Supplement Amounts.
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Available Interest Collections means, with respect to any Payment Date, an amount calculated by the Calculation Agent on the Calculation Date immediately preceding such Payment Date, equal to the Available Collections less the Available Principal Collections in respect of the Collection Period immediately preceding such Payment Date;
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Related to Available Interest Collections

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales or dispositions attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees, prepayment fees or other amounts received in respect of Loan Assets.

  • Available Investor Principal Collections means with respect to any Monthly Period, an amount equal to (a) the Investor Principal Collections for such Monthly Period, minus (b) the amount of Reallocated Collateral Principal Collections and Reallocated Class B Principal Collections with respect to such Monthly Period which pursuant to Section 4.12 are required to fund the Class A Required Amount and the Class B Required Amount, plus (c) the amount of Shared Principal Collections that are allocated to Series 1999-2 in accordance with subsection 4.13(b).

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series 2019-4 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2019-4 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Available Collections means, for any Distribution Date, (i) all Obligor payments received with respect to the Receivables during the preceding Collection Period, (ii) all Liquidation Proceeds received with respect to the Receivables during the preceding Collection Period, (iii) all interest earned on funds on deposit in the Collection Account during the preceding Collection Period, (iv) the aggregate Purchase Amount deposited in the Collection Account on the Business Day preceding such Distribution Date, (v) all prepayments received with respect to the Receivables during the preceding Collection Period attributable to any refunded item included in the Amount Financed (including amounts received as a result of rebates of extended service plan contract costs and insurance premiums and proceeds received under physical damage, theft, GAP, credit life and credit disability insurance policies), and (vi) all Simple Interest Advances deposited into the Collection Account by the Servicer on the Business Day preceding such Distribution Date; provided, however, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Purchased Receivable the Purchase Amount for which was included in Available Collections for a previous Distribution Date; provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Receivable to the extent that the Servicer has made an unreimbursed Simple Interest Advance with respect to such Receivable and is entitled to reimbursement from such payments or other amounts pursuant to Section 4.4 of the Sale and Servicing Agreement; and, provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to the Receivables that are retained by the Servicer as reimbursement for Unreimbursed Servicer Advances pursuant to Section 4.4 of the Sale and Servicing Agreement; provided, further, however, that Available Collections for any Distribution Date will exclude any Supplemental Servicing Fees.

  • Excess Finance Charge Collections means collections of Finance Charge Receivables and certain other amounts allocable to the Certificateholders’ Interest of any Excess Allocation Series in excess of the amounts necessary to make required payments with respect to such series (including payments to the provider of any related Series Enhancement) that are payable out of collections of Finance Charge Receivables.

  • Principal Collections means Collections of Principal Receivables.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Investor Finance Charge Collections means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing during such Monthly Period.

  • Investor Principal Collections means, for any Monthly Period, an amount equal to the aggregate amount of Principal Collections retained or deposited in the Principal Account for Series 2012-1 pursuant to Section 4.3(b)(ii) for such Monthly Period.

  • Reallocated Principal Collections means, with respect to any --------------------------------- Monthly Period, the product of (a) the Principal Allocation Percentage with respect to such Monthly Period, (b) the aggregate amount of Collections in respect of Principal Receivables deposited in the Collection Account for such Monthly Period and (c) the sum of the Class B Floating Percentage and the Collateral Floating Percentage with respect to such Monthly Period.

  • Available Interest With respect to any Distribution Date, the sum of the following amounts with respect to the prior Monthly Period:

  • Reallocated Investor Finance Charge Collections means that portion of Group I Investor Finance Charge Collections allocated to Series 1997-1 pursuant to Section 4.10.

  • Available Spread Account Amount means, for any Transfer Date, an amount equal to the lesser of (a) the amount on deposit in the Spread Account (exclusive of Investment Earnings on such date and before giving effect to any deposit to, or withdrawal from, the Spread Account made or to be made with respect to such date) and (b) the Required Spread Account Amount, in each case on such Transfer Date.

  • Unallocated Principal Collections shall have the meaning specified in subsection 4.05(d).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Reallocated Class B Principal Collections shall have the meaning ----------------------------------------- specified in subsection 4.14(b) of the Agreement.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Shared Principal Collections means, with respect to any Transfer Date, either (a) the amount allocated to the Investor Certificates which may be applied to the Series Principal Shortfall with respect to other outstanding Series in Group One or (b) the amounts allocated to the investor certificates of other Series in Group One which the applicable Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover the Series Principal Shortfall with respect to the Investor Certificates.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Available Funds With respect to any Distribution Date and the Mortgage Loans to the extent received by the Master Servicer (x) the sum of (i) all scheduled installments of interest (net of the related Expense Fees) and principal due on the Due Date on such Mortgage Loans in the related Due Period and received by the Servicer on or prior to the related Determination Date, together with any P&I Advances in respect thereof; (ii) all Condemnation Proceeds, Insurance Proceeds, Liquidation Proceeds and Subsequent Recoveries received by the Servicer during the related Prepayment Period (in each case, net of unreimbursed expenses incurred in connection with a liquidation or foreclosure and unreimbursed Advances, if any); (iii) all partial or full prepayments on the Mortgage Loans received by the Servicer during the related Prepayment Period together with all Compensating Interest paid by the Servicer in connection therewith (excluding any Prepayment Charges); (iv) all Substitution Adjustment Amounts with respect to the substitutions of Mortgage Loans that occur on or prior to the related Determination Date; (v) all amounts received with respect to such Distribution Date as the Repurchase Price in respect of a Mortgage Loan repurchased by the Mortgage Loan Seller or the Sponsor on or prior to the related Determination Date; and (vi) the proceeds with respect to the termination of the Trust Fund pursuant to clause (a) of Section 11.01; reduced by (y) amounts in reimbursement for Advances previously made with respect to the Mortgage Loans and other amounts as to which the Servicer, the Depositor, the Master Servicer, the Securities Administrator or the Trustee are entitled to be paid or reimbursed pursuant to this Agreement.