Common use of Prefunding Period Clause in Contracts

Prefunding Period. On or before the Payment Date until the Payment Date on or immediately following the Prefunding Termination Date, the Indenture Trustee shall, based on the Monthly Servicer Report, withdraw, to the extent available, from the Capitalized Interest Account for deposit into the Collection Account, an amount equal to the Capitalized Interest Requirement. Amounts in the Capitalized Interest Account shall be withdrawn solely to pay such amounts and shall not be available to the Noteholders or the Indenture Trustee for any other purpose.

Appears in 15 contracts

Samples: Indenture (BBX Capital Corp), Indenture (Bluegreen Vacations Corp), Indenture (BBX Capital Corp)

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Prefunding Period. On or before the each Payment Date until the Payment Date on or immediately following the Prefunding Termination Date, the Indenture Trustee shall, based on the Monthly Servicer Report, withdraw, to the extent available, from the Capitalized Interest Account for deposit into the Collection Account, an amount equal to the Capitalized Interest Requirement. Amounts in the Capitalized Interest Account shall be withdrawn solely to pay such amounts in respect of the Capitalized Interest Requirement and shall not be available to the Noteholders or the Indenture Trustee for any other purpose.

Appears in 2 contracts

Samples: Indenture (Diamond Resorts International, Inc.), Indenture (Diamond Resorts International, Inc.)

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Prefunding Period. On or before the each Payment Date until the Payment Date on or immediately following the Prefunding Termination Date, the Indenture Trustee shall, based on the Monthly Servicer Report, withdraw, to the extent available, from the Capitalized Interest Account for deposit into the Collection Account, an amount equal to the Capitalized Interest RequirementRequirement Amount. Amounts in the Capitalized Interest Account shall be withdrawn solely to pay such amounts in respect of the Capitalized Interest Requirement and shall not be available to the Noteholders or the Indenture Trustee for any other purpose.

Appears in 1 contract

Samples: Diamond Resorts International, Inc.

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