Class A Distribution definition

Class A Distribution means a distribution of an amount of the Trust Assets equal to $10 million less the sum of (x) the Loan Obligations used to pay Litigation Trust Expenses and (y) any amount paid by the Debtors to ▇▇▇▇▇ Day in connection with the Chapter 11 Cases, after payment of the Litigation Trust Expenses and any Additional Litigation Funding Loans.
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Class A Distribution has the meaning as provided in Section 2.2;
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Class A Distribution. With respect to any Distribution Date, the lesser of (x) the Master Trust Fund Aggregate Distribution; and (y) the sum of:
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Examples of Class A Distribution in a sentence

  • Prior to the close of business on the third Business Day preceding each Distribution Date, the Master Servicer shall furnish a statement to the Trustee, any Paying Agent and the Seller (the information in such statement to be made available to Certificateholders by the Master Servicer on written request) setting forth the Class A Distribution Amount with respect to each Class of Class A Certificates and the Class B Distribution Amount with respect to each Class of Class B Certificates.

  • Prior to the close of business on the third Business Day preceding each Distribution Date, the Master Servicer shall furnish a statement to the Trust Administrator, any Paying Agent and the Seller (the information in such statement to be made available to Certificateholders by the Master Servicer on written request) setting forth the Class A Distribution Amount with respect to each Class of Class A Certificates and the Class B Distribution Amount with respect to each Class of Class B Certificates.

  • Prior to the close of business on the third Business Day preceding each Distribution Date, the Master Servicer shall furnish a statement to the Trustee, any Paying Agent and the Seller (the information in such statement to be made available to Certificateholders by the Trustee on written request) setting forth the Class A Distribution Amount with respect to each Class of Class A Certificates and the Class B Distribution Amount with respect to each Class of Class B Certificates.

  • Travelers must· utilize Philips hotel suppliers whenever feasible.

  • To the extent that Trustee is required to make payments to Holders by check hereunder, it shall request the bank maintaining the Class A Distribution Account or the Class B Distribution Account, as applicable, to provide it with a supply of checks to make such payments.

  • Servicer shall take all necessary action (including requiring an agreement to such effect) to ensure that any bank maintaining the Class A Distribution Account or the Class B Distribution Account, as applicable, agrees to comply, and complies, with the provisions of this paragraph and the other provisions of this Agreement applicable to it as the bank maintaining the Class A Distribution Account or the Class B Distribution Account, as applicable.

  • Trustee, on behalf of the Trust and for the benefit of the Class A Holders, shall establish and maintain in the name of Trustee an Eligible Deposit Account (the "Class A Distribution Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Class A Holders.

  • To the extent that the Trustee is required to make payments to Certificateholders by check hereunder, it shall request the bank maintaining the Class A Distribution Account or the Class B Distribution Account, as applicable, to provide it with a supply of checks to make such payments.

  • Prior to the close of business on the second Business Day preceding each Distribution Date, the Master Servicer shall furnish a statement to the Trustee, any Paying Agent and the Seller (the information in such statement to be made available to Certificateholders by the Trustee on written request) setting forth the Class A Distribution Amount with respect to each Class of Class A Certificates and the Class B Distribution Amount with respect to each Class of Class B Certificates.

  • The Servicer shall take all necessary action (including requiring an agreement to such effect) to ensure that any bank maintaining the Class A Distribution Account or the Class B Distribution Account, as applicable, agrees to comply, and complies, with the provisions of this Section and the other provisions of this Agreement applicable to it as the bank maintaining the Class A Distribution Account or the Class B Distribution Account, as applicable.


More Definitions of Class A Distribution

Class A Distribution means the special cash distribution by the Borrower to each holder of its Class A Units in connection with the Reorganization.
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Class A Distribution. On any Distribution Date, the amount required to be distributed on such Distribution Date to the Class A Certificateholders, such amount being equal to the lesser of (x) the Pool Distribution for the related Distribution Date or (y) the sum of (i) one month's interest, less the Class A Percentage of Deferred Interest, at the Pass-Through Rate on the Class A Principal Balance (net of the Class A Percentage of the amount by which the aggregate amount of interest otherwise payable on the prepaid Mortgage Loans by adjustment of the Administration Fee exceeds the related aggregate Administration Fee available for payment thereof as provided in Section 4.6 hereof), (ii) the outstanding balance in the Class A Interest Shortfall Account, (iii) the Class A Percentage of each scheduled payment of principal payable on the Mortgage Loans on the preceding Installment Due Date, (iv) the Class A Prepayment Entitlement and (v) the Redirected Distribution Amount. In the event that clause (y) is greater than the amount computed pursuant to clause (x), distributions shall be allocated first to the interest component of the Class A Distribution calculated pursuant to clause (y)(i) of this definition; second to any balance in the Class A Interest Shortfall Account in accordance with clause (y)(ii) of this definition; and third to the principal component of the Class A Distribution calculated pursuant to clauses (y)(iii)-(v) of this definition. Payments of interest due with respect to the Certificates shall be calculated based upon twelve 30-day months and a 360-day year.
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Class A Distribution means a distribution of an amount of the Trust Assets equal to $10 million less the sum of (x) the Loan Obligations used to pay Litigation Trust Expenses and (y) any amount paid by the Debtors to Jones Day in connection with the Chapter 11 Cases, after payment of the Litigation Trust Expenses and any Additional Litigation Funding Loans.
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Class A Distribution has the meaning assigned to it in Section 4.1.
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Related to Class A Distribution

  • Class A Distribution Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), the amount distributable to such Class of Class A Certificates pursuant to Paragraphs first, second and third clause (A) of Section 4.01(a). As to any Distribution Date and the Class A-PO Certificates, the amount distributable to the Class A-PO Certificates pursuant to Paragraphs third clause (B) and fourth of Section 4.01(a) on such Distribution Date.

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).