Procedure for Decreasing the Invested Amount Sample Clauses

Procedure for Decreasing the Invested Amount. On any Funding Period Settlement Date during the Revolving Period, upon the written request of the Master Servicer or the Company, the Invested Amount may be reduced (a "Decrease") by the pro rata distribution to the applicable VFC Certificateholders in reduction of the Invested Amount allocated to such Funding Period of some or all of the funds on deposit in the Series 1997-1 Principal Collection Sub-subaccount on such day; provided that (i) the Master Servicer or the Company shall have given the Trustee, the Enhancement Provider and each applicable VFC Certificateholder irrevocable written notice (effective upon receipt) thereof, prior to 11:00 a.m., New York City time, on the Business Day preceding the date of such Decrease (unless the Funding Period Rate with respect to such Funding Period is determined by reference to the "Eurodollar Rate," as defined in the Liquidity Agreement, in which case such notice must be received prior to 11:00 a.m., New York City time, on the third Business Day preceding the date of such Decrease), which notice shall state the amount of such Decrease and how such amount is to be allocated among the VFC Certificateholders holding VFC Certificates the Invested Amount of which has been allocated to such Funding Period; and (ii) the amount of such Decrease shall not exceed either the aggregate Invested Amount allocated to such Funding Period or, with respect to any VFC Certificateholder, the aggregate portion of the Invested Amount allocated to VFC Certificates held by such VFC Certificateholder and to such Funding Period.
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Procedure for Decreasing the Invested Amount. (a) (i) On any Funding Change Date, the Company may reduce the Invested Amount by causing the Agent to distribute funds to the VFC Certificateholders pursuant to Section 3.6(d); provided that no Early Amortization Event has occurred and is continuing.
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Procedure for Decreasing the Invested Amount. If as of the last day of any period of three consecutive Settlement Periods the daily average excess during such period of the Series 2001-1 Invested Amount over the Series 2001-1 Adjusted Invested Amount equals or exceeds the Reduction Threshold as determined by the Master Servicer, a portion of the Class A Invested Amount and the Class B Invested Amount shall be repaid (a "Reduction"), by causing the Trustee to distribute to the Term Certificateholders an amount (the "Reduction Amount") equal to the lesser of: the smallest amount of such excess existing during all three such Settlement Periods rounded down to the nearest $1,000,000, or the amount which would reduce the Series 2001-1 Invested Amount to $100,000,000. In no event shall a Reduction be made in an amount which would cause the Series 2001-1 Invested Amount to be reduced below $100,000,000. The Master Servicer shall direct the Trustee in writing to make such distribution and shall specify the amount of the Reduction to be distributed as specified below. The distribution of the Reduction Amount shall be made to the Term Certificateholders pro rata based on the Initial Invested Amount of each Class, from the funds on deposit in the Series 2001-1 Principal Collection Sub-subaccount on the immediately succeeding Distribution Date (a "Special Distribution Date"); provided that no Early Amortization Event or Potential Early Amortization Event (other than pursuant to clauses (b), (c) and (d) of Section 5.1 hereof) has occurred and is continuing and the Master Servicer shall have given the Trustee written notice of such Reduction and the related Reduction Amount (which amount shall not exceed the available funds on deposit in the Series 2001-1 Principal Collection Sub-subaccount as of the date of such notice) at least five Business Days prior to the related Special Distribution Date setting forth the amount of such Reduction and, in the case of such notice to the Trustee, instructions not to distribute to the Company any amounts pursuant to subsection 3.3(c)(i) until the condition set forth in the second proviso in such subsection is satisfied.
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Related to Procedure for Decreasing the Invested Amount

  • Investment of Amounts in Special Payments Account Any amounts on deposit in the Special Payments Account prior to the distribution thereof pursuant to Section 2.4(b) or (c) shall be invested in accordance with Section 2.2(b). Investment Earnings on such investments shall be distributed in accordance with Section 2.4(b) or (c), as the case may be.

  • Adjustments to Capital Accounts At the end of each Fiscal Period, the Capital Accounts of the Partners shall be adjusted in the following manner:

  • Revisions to Allocations to Reflect Issuance of Partnership Interests If the Partnership issues Partnership Interests to the General Partner or any additional Limited Partner pursuant to Article IV, the General Partner shall make such revisions to this Article 6 and Exhibit B as it deems necessary to reflect the terms of the issuance of such Partnership Interests, including making preferential allocations to classes of Partnership Interests that are entitled thereto. Such revisions shall not require the consent or approval of any other Partner.

  • Allocations to Additional Limited Partners If any Additional Limited Partner is admitted to the Partnership on any day other than the first day of a Fiscal Year, then Net Income, Net Losses, each item thereof and all other items allocable among Partners and Assignees for such Fiscal Year shall be allocated among such Additional Limited Partner and all other Partners and Assignees by taking into account their varying interests during the Fiscal Year in accordance with Section 706(d) of the Code, using the interim closing of the books method (unless the General Partner, in its sole and absolute discretion, elects to adopt a daily, weekly or monthly proration method, in which event Net Income, Net Losses, and each item thereof would be prorated based upon the applicable period selected by the General Partner). Solely for purposes of making such allocations, each of such items for the calendar month in which an admission of any Additional Limited Partner occurs shall be allocated among all the Partners and Assignees including such Additional Limited Partner. All distributions of Available Cash with respect to which the Partnership Record Date is before the date of such admission shall be made solely to Partners and Assignees other than the Additional Limited Partner, and all distributions of Available Cash thereafter shall be made to all the Partners and Assignees including such Additional Limited Partner.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Limitations Pertaining to Capital Contributions 5.2.1: Except as otherwise specifically provided in this Agreement, or as otherwise provided by law, no Member shall have the right to withdraw from the Company or to demand or receive a return of his capital without the consent of the Manager. Upon return of any Capital Contributions, no Member shall have the right to receive property other than cash except as may be specifically provided herein.

  • Allocation of CDSCS (1) CDSCS RELATED TO THE REDEMPTION OF COMMISSION SHARES OTHER THAN OMNIBUS SHARES: CDSCs in respect of the redemption of Commission Shares which are not Omnibus Shares shall be allocated to PSI or Successor Distributor depending upon whether the related redeemed Commission Share is attributable to PSI or Successor Distributor, as the case may be, in accordance with Part I above.

  • Allocations for Capital Account Purposes For purposes of maintaining the Capital Accounts and in determining the rights of the Partners among themselves, the Partnership’s items of income, gain, loss and deduction (computed in accordance with Section 5.5(b)) shall be allocated among the Partners in each taxable year (or portion thereof) as provided herein below.

  • Reallocation of Pro Rata Share; Amendments For purposes of determining Lenders’ obligations or rights to fund, participate in or receive collections with respect to Loans and Letters of Credit (including existing Swingline Loans, Protective Advances and LC Obligations), Agent may in its discretion reallocate Pro Rata shares by excluding a Defaulting Lender’s Commitments and Loans from the calculation of shares. A Defaulting Lender shall have no right to vote on any amendment, waiver or other modification of a Loan Document, except as provided in Section 14.1.1(c).

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