Revenue Ledger definition

Revenue Ledger means the ledger of such name maintained by the Cash Manager pursuant to and in accordance with the Cash Management Agreement to record credits and debits of Revenue Receipts held by the Cash Manager for and on behalf of the Guarantor Accounts;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Revenue Ledger means the ledger maintained by the Cash Manager in the name of the Mortgages Trustee pursuant to the Cash Management Agreement to record Revenue Receipts received by the Mortgages Trustee and the payment of the same on each Distribution Date in accordance with the terms of the Mortgages Trust Deed;

Revenue Ledger has the meaning ascribed to it in Clause 6 of the Administration Agreement.

Examples of Revenue Ledger in a sentence

• The Current Issuer Cash Manager shall thereafter record as a debit on the Current Issuer Revenue Ledger the application by the Current Issuer of any excess Current Issuer Available Revenue Receipts to extinguish any balance on a Current Issuer Principal Deficiency Sub Ledger.

• Cash Capital Contributions made in respect of a Payment Holiday shall, to the extent that they represent unpaid interest associated with that Payment Holiday, be credited to the Revenue Ledger and, to the extent that they represent unpaid principal associated with that Payment Holiday, be credited to the Principal Ledger.

• On each LLP Payment Date, the LLP or the Cash Manager on its behalf will transfer Available Revenue Receipts from the Revenue Ledger and the Reserve Ledger, as applicable, to the Payment Ledger on the GIC Account in accordance with Clause 14 (Allocation and Distribution of Revenue Receipts prior to service of a Notice to Pay) of the LLP Deed.

• Any amounts which are paid to the Seller or the Mortgages Trustee in accordance with the Mortgage Sale Agreement shall be debited to the All Monies Mortgage Enforcement Proceeds Ledger and in case of amounts due to the Seller, paid to the Seller as an All Monies Mortgage Trust Beneficiary and in the case of amounts due to the Mortgages Trustee, credited to the Revenue Ledger and the Principal Ledger, as appropriate.

• Unless a liquidity buffer is no longer required to be maintained or provided for pursuant to the CB Legislation, the CBC will be required to maintain a mandatory liquidity fund (the "Mandatory Liquidity Fund") on the AIC Account (which Mandatory Liquidity Fund is administered through the Mandatory Liquidity Revenue Ledger and the Mandatory Liquidity Principal Ledger).

More Definitions of Revenue Ledger

Revenue Ledger means the ledger so referred to in Clause 6.1.1;

Revenue Ledger has the meaning given to it in the Administration Agreement;

Revenue Ledger means the ledger in the books of the Issuer so named and maintained by the Cash Manager on behalf of the Issuer;

Revenue Ledger means the ledger maintained by the Cash Manager on behalf of the Issuer which records all Revenue Receipts, any Swap Collateral Account Surplus, amounts credited to the Deposit Account in accordance with item (o) of the Pre-Enforcement Revenue Priority of Payments and the distribution of the Revenue Receipts and the distribution of any other relevant amounts recorded on the Revenue Ledger in accordance with the Pre-Enforcement Revenue Priority of Payments or the Post-Enforcement Priority of Payments (as applicable) or by way of Third Party Amounts; Revenue Receipts means (a) payments of interest and other fees due from time to time under the Loans (including any Early Repayment Charges) and other amounts received by the Issuer in respect of the Loans and their Related Security other than payments of interest, fees and other amounts comprising Optional Purchase Collections, the Optional Purchase Price received by the Issuer pursuant to the exercise of the Call Option and Redemption Receipts, (b) recoveries of interest from defaulting Borrowers under Loans being enforced, (c) recoveries of all amounts from defaulting Borrowers under Loans following enforcement and sale of the relevant property and (d) the proceeds of repurchase attributable to Accrued Interest and Arrears of Interest only of any Loan repurchased by the Seller from the Issuer pursuant to the Mortgage Sale Agreement;

Revenue Ledger means the ledger in the books of the Issuer so named; “Revenue Loss” has the meaning ascribed thereto in the Servicing Agreement;

Revenue Ledger means the ledger so referred to in sub-clause 6.2.1; "Reversionary Period" has the meaning given to it in the Mortgage Sale Agreement;

Revenue Ledger means the ledger on the GDA Account of such name maintained by the Cash Manager pursuant to the Cash Management Agreement, to record credits and debits of Revenue Receipts in accordance with the terms of the Guarantor Agreement;