Examples of Total Available Funds in a sentence
The Issuer is also required to make certain payments out of Principal Collections (including allocating Principal Draws to Total Available Funds) on each Monthly Payment Date in accordance with the Supplementary Terms Notice.
EXCESS AVAILABLE INCOME means, for a Quarterly Collection Period, the amount (if any) by which the Total Available Funds for the Quarterly Collection Period exceeds the Total Payments for the Quarterly Collection Period.
Therefore, an amount equal to that accrued interest and fees and Collections in respect of interest and fees for the period between the Cut-Off Date and the Closing Date will be paid to the Approved Seller on each Payment Date following the Closing Date as a priority payment from Total Available Funds until paid in full.
The Issuer is also required to make certain payments out of Total Available Funds on each Monthly Payment Date (as defined below) as more fully described in the Supplementary Terms Notice.
The Issuer shall only make a payment under any of the sub-paragraphs of clause 5.1(c) of the Supplementary Terms Notice if it is directed in writing by the Manager to do so and only to the extent that any Total Available Funds remain from which to make the payment after amounts with priority to that payment have been distributed.