Total Available Amount definition
Examples of Total Available Amount in a sentence
The combination of the Annual Remediation Payment and the Annual Fee Payment in any given Payment Year shall not exceed one-fifteenth (1/15th) of the Total Available Amount (the “Annual Maximum”).
The suspension shall last until thirty (30) days after Walgreens achieves a BBB- or Baa3 or higher credit rating from all nationally recognized rating agencies that rate Walgreens, at which point Walgreens shall make a payment equal to the lowest of the remaining Total Available Amount or one-thirtieth (1/30th) of the Total Available Amount (the “Post- Suspension Payment”).
Payments may be lower than one-fifteenth (1/15th) of the Total Available Amount due to credits and incentive eligibility.
Total Available Amount is the sum of the available amount of the Shortfall Funding Arrangement and the balance in the Payment Default Shortfall Fund.
On or before each Certificate Distribution Amount Determination Date, the Calculation and Paying Agent shall calculate the Available Interest, the Available Principal, the Class A Distributable Amount and the Class B Distributable Amount, each with respect to the related Distribution Date and, based on the Total Available Amount for such Distribution Date and the other distributions to be made on such Distribution Date, determine the amount distributable to Certificateholders of each class.