Available Revenue Funds means on a Calculation Date an amount equal to the aggregate of (without double counting): (i) the amount of Interest Receipts received during the previous calendar month; (ii) other net income of the CBC including all amounts of interest received on the CBC Transaction Accounts (excluding the Swap Cash Collateral Account (if any)) and the Substitution Assets in the preceding calendar month; (iii) all amounts in respect of interest received or to be received by the CBC under the Swap Agreements on the relevant CBC Payment Date (or in the CBC Payment Period immediately preceding the relevant CBC Payment Date but excluding the preceding CBC Payment Date) except for any payments in respect of interest received under the Swap Agreements (other than the Portfolio Swap Agreements) that have been applied towards payment of a Series of Covered Bonds (and, for the avoidance of doubt, excluding Swap Collateral Amounts); (iv) any amounts on the Reserve Account released in accordance with the Trust Deed; (v) any amounts received as Excess Proceeds in the CBC Payment Period immediately preceding the relevant CBC Payment Date to the extent such proceeds do not relate to principal; (vi) any amounts to the extent not relating to principal, reserved on the immediately preceding CBC Payment Date to the extent not applied towards payment of the relevant Series of Covered Bonds or the relevant Swap Agreement or a higher ranking item than payment of the relevant Series of Covered Bonds or the relevant Swap Agreement in the CBC Priority of Payments prior to the relevant CBC Payment Date; (vii) any Excess Swap Replacement Amounts as shall be standing to the credit of the Swap Replacement Ledger on the relevant CBC Payment Date; and (viii)any other amounts standing to the credit of the CBC Account, to the extent not relating to principal, not excluded by virtue of (i) to (vii) above; less (ix) on the first CBC Payment Date of each year, an amount equal to 10 per cent. of the annual fixed operational expenses of the CBC, with a minimum of euro 2,500. Back-up Administration Agreement means the back-up administration agreement entered into on the Programme Date between the CBC, the Back-up Administrator, the Administrator and the Security Trustee. Back-up Administration Rights means any and all present and future rights (vorderingen) of the CBC vis-à-vis the Administrator under or in connection with the Administration Agreement. Back-up Administrator means Intertrust Administrative ...
Available Revenue Funds means, as at a Determination Date, an amount equal to the aggregate of the Revenue Receipts standing to the credit of the Issuer Collection Account at 5:00 p.m. (London Time) on the Business Day preceding such Determination Date. The Issuer’s principal receipts (the “Principal Receipts”) will comprise:
Available Revenue Funds means, on any Calculation Date, all amounts standing to the credit of the Interest Collection Account (including any interest on amounts standing to the credit of the Issuer Accounts and any interest paid in respect of the MFX Access Fee) and, with respect to any payments under the Interest Priority of Payments up to, and including, item 8 that amounts in the Interest Collection Account would otherwise be insufficient to meet, the Reserve Fund.
Examples of Available Revenue Funds in a sentence
Provided that no Enforcement Notice has been served in accordance with Condition 10 (Events of Default), the Issuer will be obliged to apply the Available Revenue Funds, if and to the extent that all payments ranking above item (j) in the Revenue Priority of Payments have been made in full, to redeem (or partially redeem) on a pro rata basis the Class C Notes on each Notes Payment Date until fully redeemed.
More Definitions of Available Revenue Funds
Available Revenue Funds means on any Interest Payment Date, amounts standing to the credit of the Series Revenue Ledger as at close of business on the Business Day immediately preceding such Interest Payment Date plus those amounts transferred or to be transferred from the Series Liquidity Ledger, the Series Reserve Ledger or the Series Fixed Rate/Discount Reserve Ledger (and, if applicable, any other ledger), including interest earned on the Series GIC Account and on any Authorised Investments, and any amounts received pursuant to any Series 2007-1 Hedge Agreements (other than any Excess Swap Collateral or any swap termination payments received from the Series 2007-1 Hedge Providers to be applied towards the appointment of a replacement Series 2007-1 Hedge Provider) on such Interest Payment Date, in each case in accordance with the Series 2007-1 Cash/Bond Administration Agreement.On each Interest Payment Date prior to the service of a Series Enforcement Notice or a Series Acceleration Notice in respect of Series 2007-1, Available Revenue Funds standing to the credit of the Series Transaction Account will (after paying (a) any Excess Swap Collateral payable to the relevant Series 2007-1 Hedge Provider; (b) amounts representing Accrued Interest and Insurance Commissions owing to the Series 2007-1 Portfolio Seller under the Series 2007-1 Portfolio Purchase Agreement; and (c) an amount equal to Mortgage Early Redemption Receipts in respect of Loans which have been redeemed which are payable to holders of the Series 2007-1 MERC Entitlements) be applied by or on behalf of the Issuer in making the following payments and provisions (the “Series Pre-Enforcement, Pre-Acceleration Revenue Priority of Payments”) (in each case only if and to the extent that payments or provisions of a higher priority have been made in full):
Available Revenue Funds means, in relation to a Calculation Period, the aggregate of:
Available Revenue Funds. ’ means, as at a Determination Date, an amount equal to the aggregate of:
Available Revenue Funds means on any Distribution Date:
Available Revenue Funds means an amount calculated by the Cash/Bond Administrator on a Determination Date, being the aggregate of the following amounts:
Available Revenue Funds will be an amount equal to the aggregate of:
Available Revenue Funds means as at any Calculation Date an amount equal to the aggregate of: