Required Withdrawal has the meaning set forth in Section 13.02(e).
Required Withdrawal. With respect to the Distribution Date in January 2005, an amount equal to the product of (i) the Pre-Funded Amount as of the close of the preceding calendar month (or, if such date would be prior to the Closing Date, the Original Pre-Funded Amount) and (ii) the Net WAC for such Distribution Date.
Required Withdrawal. With respect to each Distribution Date on or prior to the Distribution Date in December 2005, an amount equal to the sum of (A) the product of (i) the amount relating to Group I on deposit in the Pre-Funding Account (as determined without regard to income from investments of amounts on deposit in the Pre-Funding Account and without regard to losses from such investments) as of the close of the preceding calendar month (or, if such date would be prior to the Closing Date, the portion of the Original Pre-Funded Amount relating to Group I) and (ii) the Net WAC for Group I and (B) the product of (i) the amount relating to Group II on deposit in the Pre-Funding Account (as determined without regard to income from investments of amounts on deposit in the Pre-Funding Account and without regard to losses from such investments) as of the close of the preceding calendar month (or, if such date would be prior to the Closing Date, the portion of the Original Pre-Funded Amount relating to Group II) and (ii) the Net WAC for Group II.
Examples of Required Withdrawal in a sentence
Required Withdrawal: The ICPP reserves the right to refuse to retain any student in any program or course at any time.
ALLIANCE 22 5.01 Term of the Alliance 22 5.02 Withdrawal 22 5.03 Required Withdrawal 22 5.04 Withdrawal Reconciliation 23 ARTICLE 6.
More Definitions of Required Withdrawal
Required Withdrawal. With respect to each Mortgage Group, any Distribution Date up to and including the Distribution Date immediately following the Funding Period, an amount equal to one-twelfth of the product of (i) the excess of (a) the portion of the Original Pre-Funded Amount relating to such Mortgage Group over (b) the aggregate of principal payments received with respect to the Subsequent Mortgage Loans in such Mortgage Group that were distributed on prior Distribution Dates and losses with respect to principal incurred with respect to the Subsequent Mortgage Loans in such Mortgage Group that were allocated on prior Distribution Dates and (ii) 3.75%.
Required Withdrawal. With respect to each Distribution Date on or prior to the Distribution Date in June 2005, an amount equal to the product of (i) the amount on deposit in the Pre-Funded Account (as determined without regard to income from investments of amounts on deposit in the Pre-Funding Account and without losses on such investments) as of the close of the preceding calendar month (or, if such date would be prior to the Closing Date, the Original Pre-Funded Amount) and (ii) the Net WAC for such Distribution Date.