Net Available Funds definition

Net Available Funds means the amount defined as such in Section 5.2(c).

Net Available Funds. With respect to any Payment Date, the excess of (i) the Available Funds over the sum of (ii) the Indenture Trustee Fee, (iii) the Owner Trustee Fee and (iv) the Premium Amount.

Net Available Funds on any Payment Date means the Available Funds on deposit in the Payment Account on such Payment Date, less the Indenture Trustee's Fee and the Premium.

Examples of Net Available Funds in a sentence

• If the Offering is not fully subscribed, funds will be used for the priorities listed in the table below under Use of Net Available Funds.

• Except to the extent that a Holder of an Allowed General Unsecured Claim agrees to a less favorable treatment, each Holder of an Allowed General Unsecured Claim shall receive its Pro Rata share (not to exceed the amount of the Allowed General Unsecured Claim) of any Net Available Funds.

• If, as of the Final Distribution Date, there are no Net Available Funds to satisfy any Allowed General Unsecured Claims, Holders of General Unsecured Claims shall not receive any distribution on account of such General Unsecured Claims.

• To do so, the staff should compute the Net Available Funds and Mortgage Payment Coverage computations explained in Exhibit 2-17.

• Provide data that displays Net Available Funds and Allocations after the final appropriation is received.

More Definitions of Net Available Funds

Net Available Funds. With respect to each Payment Date, the excess of (A) the Available Funds for that Payment Date, over (B) the sum of (i) the payment of the Indenture Trustee Expense Amount, (ii) the payment of the Indenture Trustee Fee, (iii) the payment to the Owner Trustee of its fee for services rendered pursuant to the Trust Agreement, (iv) all Early Termination Fees (which are distributable only to the Class L Certificates), and (v) during the Managed Amortization Period, the amount of Principal Collections for that Payment Date applied to purchase additional Draws under the Mortgage Loans.

Net Available Funds. With respect to each Payment Date, the excess of (A) the Available Funds for that Payment Date, over (B) the sum of (i) the payment of the Indenture Trustee Expense Amount, (ii) the payment to the Owner Trustee of its fee for services rendered pursuant to the Trust Agreement, (iii) all Early Termination Fees (which are distributable only to the Class P Certificates), and (iv) during the Managed Amortization Period, the amount of Principal Collections for that Payment Date applied to purchase additional draws under the Mortgage Loans.

Net Available Funds. As to any Distribution Date, the amount equal to Available Funds less the amounts required to be distributed on such Distribution Date pursuant to Section 4.02(a)(i)-(iii).

Net Available Funds means any Available Cash remaining in the Coldwater Segregated Fund after full and final satisfaction of the Term Loan Claims.

Net Available Funds. As to any Distribution Date and either the Class A-1 or Class A-2 Certificates, the amount equal to Available Funds for such Class less the amounts required to be distributed on such Distribution Date pursuant to Section 4.02(a)(i)-(iii) or 4.02(b)(i)-(iii), respectively.

Net Available Funds means, for any Payment Date the Available Funds for such Payment Date less the Management Fee and the MBIA Premium.

Net Available Funds means the Cash on hand of the Trust, excluding funds required for the payment of expenses of administration under this Plan or otherwise required to be reserved under the Plan.