Net Available Funds definition

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

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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

On each Payment Date, the Trustee shall withdraw Net Available Funds [(and any amounts on deposit pursuant to claims under the Insurer's Policy)] from the Distribution Account and distribute such funds to the Noteholders [and the Insurer, as applicable,] in the following amounts and order of priority: ________________________________.
As a condition to the Forbearance, the Obligors and Lender, through their counsel of record in the Action, shall enter into a stipulation (the “Stipulation”) for entry of stipulated order (the “Stipulated Receiver Order”) to be approved by the Court, which will, among other things, instruct the Receiver to remit to Lender the Net Available Funds held in the receivership estate.
Net Available Funds ------------------- As to any Distribution Date and either the Class AF Certificates and the Class A-IO-I Component or the Class AV-1 Certificates and the Class A-IO-II Component, the amount equal to Available Funds for such Class and related Payment Component, less the amounts required to be distributed on such Class or Classes and the related Payment Component on such Distribution Date pursuant to Section 4.02(a)(i)-(iii) or 4.02(b)(i)-(iii), respectively.
The Net Available Funds shall be applied by Lender as an additional payment against the principal balance of Loan (the “Second Principal Payment”).
Net Available Funds ------------------- As to any Distribution Date and either the Class AF Certificates and the Class A-IO Certificates or the Class AV-1 Certificates, the amount equal to Available Funds for such Class or Classes, less the amounts required to be distributed on such Class or Classes on such Distribution Date pursuant to Section 4.02(a)(i)-(iii) or 4.02(b)(i)-(iii), respectively.

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. 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. 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 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 any and all cash on hand of the Liquidating Trust excluding funds required for the payment of expenses of administration under this Plan or otherwise reserved under this Plan.

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