Eligible Funds. On any Distribution Date, the portion, if any, of the Available Distribution Amount remaining after reduction by the sum of (i) the aggregate amount of Accrued Certificate Interest on the Senior Certificates, (ii) the Senior Principal Distribution Amount (determined without regard to Section 4.02(a)(ii)(Y)(D) of this Series Supplement), (iii) the Class A-P Principal Distribution Amount (determined without regard to Section 4.02(b)(i)(E) of this Series Supplement) and (iv) the aggregate amount of Accrued Certificate Interest on the Class M, Class B-1 and Class B-2 Certificates.
Eligible Funds means, as of any date of determination, any of:
Eligible Funds for purposes of the Agreement as so amended, shall mean all Nuveen-branded closed-end and open-end registered investment companies organized in the United States. Any open-end or closed-end funds that subsequently become part of the Nuveen complex because either (a) Nuveen Investments, Inc. or its affiliates acquire the investment adviser to such funds (or the advisor's parent), or (b) Nuveen Investments, Inc. or its affiliates acquire the fund's adviser's rights under the management agreement for such fund, will be evaluated by both Nuveen management and the Nuveen Funds' Board, on a case-by-case basis, as to whether or not these acquired funds would be included in the Nuveen complex of Eligible Funds and, if so, whether there would be a basis for any adjustments to the complex-level breakpoints.
Examples of Eligible Funds in a sentence
Notwithstanding any provision of the Loan Agreement or the Disbursement Agreement or any other provision of the Indenture to the contrary, the Trustee is not to disburse money from the Project Fund, other than to pay Bond Service Charges on the Bonds, unless and until Collateral Payments or other Eligible Funds in an amount equal to or greater than the requested disbursement amount have been deposited in the Collateral Fund.
Collateral Fund The Trustee is to deposit in the Collateral Fund all Collateral Payments received pursuant to the Disbursement Agreement and the Loan Agreement and any other Eligible Funds received by the Trustee for deposit into the Collateral Fund.
For the purposes of our calculations of the results, we have assumed that 50% of the Québec Eligible Funds are entitled to the 20% additional deduction and that 50% are entitled to the 10% additional deduction.
Disbursement Agreement In accordance with the terms of the Disbursement Agreement, the Borrower will direct the Lender and/or the Bridge Lender to deliver Eligible Funds to the Trustee as Collateral Payments for deposit into the Collateral Fund in exchange for the Trustee disbursing an equal amount of Bond proceeds from the Project Fund under the Indenture pursuant to and consistent with the Loan Agreement and the Indenture.
More Definitions of Eligible Funds
Eligible Funds means payments listed in A.R.S. § 38-747(H)(2) and (H)(3).
Eligible Funds. On any Distribution Date, the portion, if any, of the Available Distribution Amount remaining after reduction by the sum of (i) the aggregate amount of Accrued Certificate Interest on the Senior Certificates, (ii) the Senior Principal Distribution Amount (determined without regard to Section 4.02(a)(ii)(Y)(D) hereof), (iii) the Class PO Principal Distribution Amount (determined without regard to Section 4.02(b)(i)(E) hereof) and (iv) the aggregate amount of Accrued Certificate Interest on the Class M, Class B-1 Class B-2 Certificates, and (v) payment to the Trustee for any servicing transfer expenses reimbursable to the Trustees pursuant to Section 7.02(a).
Eligible Funds. With respect to any Distribution Date and Loan Group, such Loan Group's portion of an amount that is allocated among the Loan Groups pro rata, based on the aggregate unpaid Class A-P Collection Shortfalls for each Loan Group, which amount is equal to the excess of (a) the Aggregate Available Distribution Amount over (b) the sum of (i) the Aggregate Senior Interest Distribution Amount, (ii) the Aggregate Senior Principal Distribution Amount (determined without regard to Section 4.02(a)(ii)(Z)(D) hereof), (iii) the Class A-P Principal Distribution Amount for Loan Group I and Loan Group II (determined without regard to clause (E) of the definition of Class A-P Principal Distribution Amount) and (iv) the aggregate amount of Accrued Certificate Interest on the Class M-1, Class M-2, Class M-3, Class B-1 and Class B-2 Certificates.
Eligible Funds. On any Distribution Date and with respect to each Loan Group, the portion, if any, of the Available Distribution Amount for such Loan Group remaining after reduction by the sum of (i) the aggregate amount of Accrued Certificate Interest on the related Senior Certificates, (ii) the related Senior Principal Distribution Amount (determined without regard to Section 4.02(a)(ii)(D) hereof), (iii) the aggregate amount of Accrued Certificate Interest on the Class M, Class B-1 and Class B-2 Certificates to the extent such Accrued Certificate Interest is derived from such Loan Group, and (iv) the portion of the payment to the Trustee for any servicing transfer expenses reimbursable to the Trustees pursuant to Section 7.02(a) allocated to such Loan Group, with such allocation being made to each Loan Group pro rata based on the Stated Principal Balance of the Mortgage Loans in each Loan Group.
Eligible Funds means (a) proceeds received pursuant to the Credit Facility, (b) proceeds of the Bonds received contemporaneously with the issuance and sale of the Bonds (including any Bond proceeds deposited to the Loan Account of the Bond Mortgage Loan Fund on the Delivery Date), (c) proceeds from the investment or reinvestment of money described in clauses (a) and (b) above, or (d) money delivered to the Trustee and accompanied by a written opinion, acceptable to the Rating Agency of nationally recognized counsel experienced in bankruptcy matters to the effect that if the Borrower, any general partner, member or guarantor of the Borrower, or the Issuer were to become a debtor in a proceeding under the Bankruptcy Code: (i) payment of such money to holders of the Bonds would not constitute a voidable preference under Section 547 of the Bankruptcy Code and (ii) the automatic stay provisions of Section 362(a) of the Bankruptcy Code would not prevent application of such money to the payment of the Bonds.
Eligible Funds means the funds for construction projects from the Town’s General Fund, including any funds to be borrowed that will be repaid from the General Fund unless excluded as an appropriate purpose for expenditure.
Eligible Funds means the funds of a Participant that have been determined by the adoption such Participant’s Board Resolution by its Governing Board to be surplus because it is not needed for the Participant’s current budgeted expenses or for maintaining operating reserves the Governing Board deems prudent to assure proper and continuous operation of such Participant’s Charter School.