VRR Available Funds definition

VRR Available Funds. With respect to any Distribution Date, an amount equal to the Vertically Retained Percentage of the Aggregate Available Funds for such Distribution Date.
VRR Available Funds. With respect to any Distribution Date, an amount equal to the sum of (i) the VRR Allocation Percentage of the Aggregate Available Funds for such Distribution Date and (ii) the VRR Gain-on-Sale Remittance Amount.
VRR Available Funds. For any Distribution Date, the product of (i) the VRR Percentage, multiplied by (ii) the Available Funds for such Distribution Date.

Examples of VRR Available Funds in a sentence

Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier Distribution Account the amounts on deposit therein, to the extent of the VRR Available Funds for such Distribution Date, and shall distribute such amounts to the Holders of the Class VRR Interest Certificates in accordance with this section (c).

On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier Distribution Account the amounts on deposit therein, to the extent of the VRR Available Funds for such Distribution Date, and shall distribute such amounts to the Holders of the Class VRR Interest Certificates and the Class R Certificates in accordance with this section (d).

On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier Distribution Account the amounts on deposit therein, to the extent of the VRR Available Funds for such Distribution Date, and shall distribute such amounts to the Holders of the Class RR Certificates and the RR Interest Owner in accordance with this section (d).

Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Pooled VRR Available Funds to be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier REMIC Distribution Account the amounts on deposit therein, to the extent of the VRR Available Funds for such Distribution Date, and shall distribute such amounts to the Holders of the Class VRR Interest Certificates and the Class R Certificates in accordance with this section (d).

On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier REMIC Distribution Account the amounts on deposit therein, to the extent of the VRR Available Funds for such Distribution Date, and shall distribute such amounts to the VRR Interest Owners and the Class R Certificates in accordance with this section (d).

On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier Distribution Account the amounts on deposit therein, to the extent of the 180 Water VRR Available Funds for such Distribution Date, and shall distribute such amounts to the Holders of the 180W-VRR Interest and the Class R Certificates in accordance with this section (e).

On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier REMIC Distribution Account the amounts on deposit therein, to the extent of the VRR Available Funds for such Distribution Date, and shall distribute such amounts to the VRR Interest Owners and the Class R Certificates in accordance with this Section 4.01(e).

On each Distribution Date, the Certificate Administrator shall withdraw from the Upper-Tier REMIC Distribution Account the amounts on deposit therein, to the extent of the 225 Bush VRR Available Funds for such Distribution Date, and shall distribute such amounts to the Holders of the 225B-VRR Interest and the Class R Certificates in accordance with this section (e).

Related to VRR Available Funds

Aggregate Available Funds With respect to any Distribution Date, an amount equal to the sum of (without duplication):
Available Funds With respect to any Distribution Date, an amount equal to the sum of (without duplication):