Examples of Distributable Amounts in a sentence
It is acknowledged by Unitholders that such payments of Distributable Amounts shall be good and complete discharge to the Responsible Entity in respect of any liability to any person in respect of an entitlement to such Distributable Amount.
It is acknowledged by Unitholders that such payments of Distributable Amounts shall be good and complete discharge to the Trustee in respect of any liability to any person in respect of an entitlement to such Distributable Amount.
If the share of Distributable Amounts for a person determined under this clause 12 includes a fraction of a cent, the share is to be adjusted to the nearest cent below the amount calculated under this clause (as appropriate) and the fraction of the cent becomes an Asset of the Trust.
The Trustee must act on a direction given by a Unit Holder in such form as the Trustee requires to pay to a third party nominated in the direction all or part of the Unit Holder’s entitlement to distributions of Distributable Amounts under this clause 12 or under clause 20 on winding up.
On any Payment Date with respect to which no Servicer Report was delivered, to the extent there are Available Funds in the Indenture Collections Account, the Indenture Trustee will make payments of the Noteholders’ Interest Distributable Amounts described in (ii), (v), (viii) and (xi) above as well as any Matured Principal Shortfalls described in (iv), (vii), (x) and (xiii) above.