Class A Funded Amount definition
Examples of Class A Funded Amount in a sentence
The increase in the Class A Invested Amount and the Class A Funded Amount shall be allocated to the Class A Certificates held by the Class A Holders from which purchase prices were received in connection with the Class A Incremental Funding in proportion to the amount of such purchase prices received.
The Servicer shall not be permitted to effect an optional repurchase pursuant to this Section 5 unless, after payment of the amount specified above, the Class A Funded Amount shall have been paid in full.
Upon the occurrence of any Class A Incremental Funding, the Class A Floating Allocation Percentage, the Class A Investor Interest, the Floating Allocation Percentage, the Investor Interest and the Class A Funded Amount shall increase as provided herein.
Increases and decreases in the overall Maximum Class A Funded Amount shall be made ratably among the various Class A Certificates.
The Maximum Class A Funded Amount of each Class A Certificate may be reduced or increased from time to time as provided in the Certificate Purchase Agreement.
The portion of the Optional Amortization Amount allocated to any Class A Ownership Interest shall be in an aggregate amount not less than $3,000,000 or integral multiples of $100,000 in excess thereof, except that the portion of the Optional Amortization Amount allocated to any Class A Ownership Interest may equal the entire Class A Funded Amount of the related Class A Certificate.
The initial Maximum Class A Funded Amount of each Class A Certificate is as set forth on the related Class A Certificate.
The interest accrued on any Class A Funding Tranche for any Distribution Period shall be equal the product of the Weighted Average Class A Funded Amount for that Class A Funding Tranche, the applicable Funding Rate (as defined in the Class A Certificate Purchase Agreement) and the applicable Day Count Fraction.
To the extent the Agent holds the Purchased A Note on behalf of the Class A Alternate Investors, the Agent shall hold the Class A Alternate Investor Percentage of the Class A Funded Amount on behalf of the Class A Alternate Investors pro rata in accordance with their respective outstanding portions of the Class A Funded Amount funded by them.
Without limiting any other provision of this Agreement, the issuance of the Purchased A Note and the funding of the Class A Funded Amount thereunder, if any, on the Closing Date is subject to the satisfaction of the conditions precedent set forth in Article IV.