Remaining Funded Amount means, with respect to any Receivable and any date of determination, an amount equal to the product of (1) (a) the original UPB of such Receivable less all Origination Fees, closing fees, and any other amounts payable by the Obligor at origination minus (b) the product of (x) all principal payments made by the Obligor in respect of such Receivable as of such date of determination, and (y) 1 minus a fraction, the numerator of which is the aggregate amount of all Origination Fees, closing fees, and any other amounts payable by the Obligor at origination and the denominator of which is the original UPB of such Receivable at the time of origination and (2) the applicable Originator Percentage.
Remaining Funded Amount means the Initial Funding Deposit minus the ----------------------- amount previously withdrawn from the Funding Account to purchase Subsequent Mortgage Loans.
Remaining Funded Amount means, with respect to any Receivable and any date of determination, an amount equal to the product of (1) (a) the original UPB of such Receivable less all Origination Fees, closing fees, and any other amounts payable by the Obligor at origination minus (b) the product of (x) all principal payments made by the Obligor in respect of such Receivable as of such date of determination, and (y) 1 minus a fraction, the numerator of which is the aggregate amount of all Origination Fees, closing fees, and any other amounts payable by the Obligor at origination and the denominator of which is the original UPB of such Receivable at the time of origination and (2) the applicable Originator Percentage. “”Re-performing COVID Program Receivable”“ means a Receivable which formerly constituted a Phase I Program Receivable or Phase II Program Receivable under the COVID-19 Customer Relief Program that, as of any applicable date of determination, is then performing under the original payment terms of the applicable Contract, including, for the avoidance of doubt, any Re-performing Extended COVID Program Receivable. “”Re-performing Extended COVID Program Receivable”“ means a Receivable which formerly constituted a Phase I Program Receivable or Phase II Program Receivable under the COVID-19 Customer Relief Program which was extended for more than thirty days and that, as of any applicable date of determination, is then performing under the original payment terms of the applicable Contract.
Examples of Remaining Funded Amount in a sentence
On the sixth Distribution Date, the Indenture Trustee shall distribute out of the Funding Account to the Class A Noteholders, the Remaining Funded Amount.