Available Cash Collateral definition

Available Cash Collateral means, with respect to a Payment Date, the amount of funds equal to the lesser of (i) the amount on deposit in the Cash Collateral Account (determined (a) exclusive of any Investment Earnings thereon and (b) before giving effect to any deposit to be made or withdrawals from the Cash Collateral Account with respect to such Payment Date), and (ii) the Required Cash Collateral Amount.
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Available Cash Collateral shall have the meaning assigned to such term in Section 2.11(c).
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Examples of Available Cash Collateral in a sentence

  • On each Transfer Date, all interest and earnings (net of losses and investment expenses) accrued since the preceding Transfer Date on funds on deposit in the Cash Collateral Account shall be retained in the Cash Collateral Account (to the extent that the Available Cash Collateral Account Amount is less than the Required Cash Collateral Account Amount) and the balance, if any, shall be deposited into the Finance Charge Account and included in Available Finance Charge Collections for such Transfer Date.

  • On the related Transfer Date, the Required Draw Amount, if any, up to the Available Cash Collateral Amount, shall be withdrawn from the Cash Collateral Account and distributed to fund any deficiency pursuant to Section 4.4(a)(i) through (vi) (in the order of priority set forth in Section 4.4(a)).

  • If on any Transfer Date, the Available Cash Collateral Amount is less than the Required Cash Collateral Amount then in effect, Available Finance Charge Collections, to the extent available for such purpose, shall be deposited in the Cash Collateral Account pursuant to Section 4.4(a)(viii) up to an amount equal to the amount by which the Required Cash Collateral Amount exceeds the Available Cash Collateral Amount.

  • Any such deposit shall be deemed to be available in the Cash Collateral Account for purposes of calculating any Enhancement Surplus for such related Distribution Date, but shall not be included in the Available Cash Collateral Amount for such Distribution Date, but shall be included in the Available Cash Collateral Amount for the subsequent Distribution Date.

  • Any such deposit shall not be included in the Available Cash Collateral Amount for such Distribution Date, but shall be included in the Available Cash Collateral Amount for the subsequent Distribution Date.

  • In the event that the Class A Required Amount exceeds the Available Cash Collateral Amount with respect to such Distribution Date, Reallocated Principal Collections with respect to such Distribution Date in an amount equal to such excess shall be distributed from the Collection Account on such Distribution Date pursuant to Section 4.10.

  • If on any Distribution Date, the Class A Investor Default Amount exceeds the Available Cash Collateral Amount and the amount of Reallocated Principal Collections with respect to such Due Period available therefor, then the Collateral Invested Amount (after giving effect to any reductions pursuant to subsections (b) and (c) below) shall be reduced by the amount of such excess, but not by more than the Class A Investor Default Amount for such Distribution Date.

  • On the related Transfer Date, the Required Draw Amount, if any, up to the Available Cash Collateral Amount, shall be withdrawn from the Cash Collateral Account and distributed to fund any deficiency pursuant to subsections 4.4(a)(i) through (vi) (in the order of priority set forth in subsection 4.4(a)).

  • On the related Transfer Date, the Required Draw Amount, if any, up to the Available Cash Collateral Amount shall be withdrawn from the Cash Collateral Account and distributed to fund any deficiency pursuant to Section 4.07(a) through (g) (in the order of priority set forth in Section 4.07).

  • On the related Transfer Date, the Required Draw Amount, if any, up to the Available Cash Collateral Amount, the Servicer shall direct the Indenture Trustee in writing to withdraw from the Cash Collateral Account and distributed to fund any deficiency pursuant to clauses 5.4(a)(i) through (viii) (in the order of priority set forth in subsection 5.4(a)).