Distribution of Available Funds. (a) Available Funds to be distributed to the Holder of any Certificate that are payable and are punctually paid or duly provided for on any Distribution Date shall be distributed to the Person in whose name such Certificate (or one or more Predecessor Certificates) is registered at the close of business on the related Record Date notwithstanding the cancellation of such Certificate upon any transfer or exchange subsequent to such related Record Date. The distribution of Available Funds to Certificateholders shall be made at the Corporate Trust Office or, at the option of the Trustee, by check mailed to the address of the Person entitled thereto as such address shall appear in the Certificate Register or by wire transfer to an account designated by the Holder.
Distribution of Available Funds. The Partnership may distribute its Available Funds to the Partners at such intervals as the General Partner determines. All distributions of Available Funds will be allocated between the Partners in proportion to their Partnership Interests.
Distribution of Available Funds. The Servicer shall cause all Collections to be deposited into the Collection Account pursuant to Section 6.02(a) hereof. On each Settlement Date, the Administrator shall distribute the Available Funds on deposit in the Collection Account on such Settlement Date in the following order of priority:
Distribution of Available Funds. On each Monthly Payment Date, Available Funds shall be distributed to the Corporation in an amount equal to the Administrative Allowance for the preceding calendar month. On each Quarterly Payment Date, Available Funds shall be distributed in the following order of priority: First, to the appropriate party or parties, the amount of any Indemnification Payment determined in accordance with Section 5.12 hereof; Second, pari passu, to the Corporation, an amount equal to the Administrative Allowance for the preceding calendar month, and to the Trustee (for the respective accounts of the Trustee and any Paying Agents), an amount equal to the Trustee Fees for the preceding quarter, pro rata, based upon the amounts due the Corporation and the Trustee; Third, to the Holders of the Senior Notes, an amount equal to interest due on the Senior Notes, pro rata, based upon the amounts due each Holder of Senior Notes; Fourth, to the Holders of the Senior Notes, an amount equal to principal due on any series of Senior Notes at their Stated Maturity, pro rata, based upon the amounts due each Holder of Senior Notes of such series; Fifth, only if a Subordinate Note Interest Trigger is not in effect, to the Holders of the Subordinate Notes, an amount equal to interest due on the Subordinate Notes, pro rata, based upon the amounts due each Holder of Subordinate Notes; Sixth, to the Reserve Account, the amount, if any, necessary to increase the Balance thereof to the Reserve Account Requirement; Seventh, to the Holders of the Notes, an amount up to the Principal Distribution Amount for such Quarterly Payment Date, to be applied to the payment of principal of the Notes as provided in Section 4.2; or Eighth, to the Holders of the Subordinate Notes, an amount equal to principal due on the Subordinate Notes at their Stated Maturity, pro rata, based upon the amounts due each Holder of Subordinate Notes; and Ninth, to the Corporation any remaining Available Funds.
Distribution of Available Funds. 1 Required Expense Amount To the payment of current Operating Expenses at the Payment Date — Required Expense Reserve — Current Balance of Expense Account — Balance of Expense Account after Required Expense Reserve —
Distribution of Available Funds. Available funds in the Distribution Account will be applied in the following order of priority: First, all collection funds will be deposited into the Borrower’s DDA/checking account. Second, principal and interest payments will be paid on the Loan in accordance with the terms of the Note. Third, collection of the lien purchase price will remain in the Borrower’s DDA account as collateral for the Loan or be used solely for the purchase of additional liens to further secure the Loan.
