Group Available Funds definition

Group Available Funds. Either of the Group 1 Available Funds or Group 2 Available Funds, as applicable.
Group Available Funds means, for a Payment Date and any Group, the sum of the following amounts for the Payment Date (without duplication):

Examples of Group Available Funds in a sentence

  • If, after giving effect to Section 9.5, Group Available Funds allocated to any Series on any Payment Date exceed the amount required to be paid or deposited in respect of such Series pursuant to the Trust Financing Agreement for such Series, then any such excess Group Available Funds shall be released to the Trust for distribution to the Certificateholders or such other party as may be entitled thereto as set forth in such Trust Financing Agreement.

  • Unless specified in any Group Supplement, Collections on and proceeds from the Receivables designated to a Group shall solely by applied to the related Group and shall not constitute Group Available Funds for any other Group.

  • If a detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Trust from the related Group Available Funds starting on the Payment Date in that month, and will be paid by each Indenture Series with at least one Class of Publicly Registered Notes in the related Group based on the ARR Series Allocation Percentage for such Series in accordance with the related Trust Financing Agreement for each such Series of the related Group.

  • Such amounts will be reimbursed by the Trust from the related Group Available Funds which amounts will be paid by Indenture Series with at least one Class of Publicly Registered Notes in the related Group based on the ARR Series Allocation Percentage for such Series in the related Group as set forth in each applicable Trust Financing Agreement.

  • Holdings shall provide Company with Notice of any Partnership Change in Control at least 60 Days prior to the effective date thereof.


More Definitions of Group Available Funds

Group Available Funds. Reference to any one of the Group 1 Available Funds, Group 2 Available Funds, Group 3 Available Funds or Group 4 Available Funds. GROUP 1 AVAILABLE FUNDS, GROUP 2 AVAILABLE FUNDS, GROUP 3 AVAILABLE FUNDS, GROUP 4 AVAILABLE FUNDS: Except as otherwise provided in Sections 6.01(a)(iii) and 6.01(c), with respect to any Distribution Date, an amount equal to the aggregate of the following amounts with respect to the Mortgage Loans in Mortgage Loan Groups 1, 2, 3 and 4, respectively: (a) all previously undistributed payments on account of principal (including the principal portion of Scheduled Payments, Principal Prepayments and the principal portion of Net Liquidation Proceeds) and all previously undistributed payments on account of interest received after the Cut-off Date and on or prior to the related Determination Date, (b) any Monthly Advances (including Certificate Account Advances) and Compensating Interest Payments by the Master Servicer or a Sub-Servicer with respect to such Distribution Date, (c) any amount reimbursed by the Master Servicer or a Sub-Servicer pursuant to 4.04(d) in connection with losses on Permitted Investments and (d) in the case of Group 1 Available Funds until and including the Distribution Date in June 1999, any amounts transferred from the Interest Reserve Account in accordance with Section 4.05 for the benefit of the Class 1-A-4 Certificates, except:
Group Available Funds. With respect to any Distribution Date and a Mortgage Loan Group, an amount equal to the aggregate of the following amounts (without duplication) with respect to such Mortgage Loan Group: (a) all previously undistributed payments on account of principal (including the principal portion of Scheduled Payments, Principal Prepayments and the principal portion of Liquidation Proceeds and Insurance Proceeds) and all previously undistributed payments on account of interest received after the Cut-off Date and on or prior to the related Determination Date, (b) any Monthly Advances and Compensating Interest Payments by the Servicers or the Master Servicer with respect to the related Distribution Account Deposit Date, (c) any Prepayment Penalty Amounts, (d) the Repurchase Price received in connection with any Mortgage Loan repurchased by Xxxxxxxxx Mortgage Home Loans, Inc., as Seller or Servicer, as applicable, pursuant to Section 2.02, 2.03, 3.01 or 3.21 as applicable, of this Agreement, (e) any Substitution Adjustment Amounts paid by the Seller or similar amounts by any Servicer pursuant to its Servicing Agreement in connection with delivery of a Substitute Mortgage Loan, (f) the purchase price of the assets of the Trust upon the exercise by Xxxxxxxxx of its Optional Termination Right, (g) any amounts received under the MLCC Limited Purpose Surety Bond with respect to MLCC Mortgage Loans, if any, (h) any other miscellaneous amounts remitted by the Master Servicer or the applicable Servicers pursuant to the Servicing Agreements, and (i) any reimbursed amount in connection with losses on investments of deposits in an account, except:
Group Available Funds. With respect to any Distribution Date, for each Mortgage Loan Group and the related Mortgage Loans, (I) the sum, without duplication, of (a) scheduled principal due and collected (or, with respect to Simple Interest Loans, actual principal collected) during the related Due Period, (b) all Advances (other than in respect of principal on Simple Interest Loans) made on or before the related Master Servicer Advance Date, (c) all interest received during the related Due Period, less the related Servicing Fees and Master Servicing Fee, if applicable, (d) all Compensating Interest received and required to be remitted pursuant to the related Servicing Agreements or this Agreement with respect to such Distribution Date, (e) all prepayments, exclusive of any Prepayment Charges, collected in the related Prepayment Period, (f) all amounts paid by the Seller in connection with repurchase or substitution of a Mortgage Loan pursuant to Sections 2.02, 2.03 and 3.20, (g) all amounts paid by EMC pursuant to Section 10.01 allocable to such Mortgage Loans and (h) all Liquidation Proceeds, Insurance Proceeds and Subsequent Recoveries collected during the related Prepayment Period, in each case to the extent remitted by the Master Servicer or the applicable Servicer to the Master Servicer Collection Account pursuant to this Agreement or the related Servicing Agreement, minus (II) amounts reimbursed pursuant to Sections 4.03 and 4.05, provided that any amount specified in clauses (I) and (II) and not specifically allocable to a Mortgage Loan Group shall be allocated to each Mortgage Loan Group in the proportion that Group Available Funds for such Distribution Date for each such Mortgage Loan Group bears to Available Funds for all three Mortgage Loan Groups for such Distribution Date.
Group Available Funds means the Group I Available Funds or the Group II Available Funds, as applicable.
Group Available Funds. With respect to any Distribution Date, an amount equal to the aggregate of the following amounts with respect to the Mortgage Loans in Loan Group 1, Loan Group 2, Loan Group 3, Loan Group 4, Loan Group 5 or Loan Group 6, respectively: (a) all previously undistributed payments on account of principal (including the principal portion of Monthly Payments, Principal Payments and the principal amount of Liquidation Proceeds) and all previously undistributed payments on account of interest received after the Cut-off Date and on or prior to the related Determination Date, (b) any Monthly Advances and Compensating Interest Payments by the Master Servicer and the Servicers and (c) any amount reimbursed by the Master Servicer in connection with losses on Permitted Investments with respect to the Certificate Account and Protected Accounts, except: