Available Collection Amount. With respect to any Payment Date, an amount without duplication equal to the sum of: (i) all amounts received on the Home Loans or required to be paid by the Servicer or the Transferor during the related Due Period (exclusive of amounts not required to be deposited by the Servicer in the Collection Account pursuant to Section 5.01(b)(1) hereof and amounts permitted to be withdrawn by the Indenture Trustee from the Collection Account pursuant to Section 5.01(b)(3) hereof) as reduced by any portion thereof that may not be withdrawn therefrom pursuant to an order of a United States bankruptcy court of competent jurisdiction imposing a stay pursuant to section 362 of the United States Bankruptcy Code; (ii) any and all income or gain from investments in the Collection Account, Note Payment Account and Certificate Distribution Account; (iii) upon exercise of optional termination of the Notes pursuant to Section 11.02 hereof, the Termination Price; (iv) the Purchase Price paid for any Home Loans required to be purchased pursuant to Section 3.05 hereof prior to the related Determination Date and the Substitution Adjustment to be deposited in the Collection Account in connection with any substitution, in each case prior to the related Determination Date; and (v) the Capitalized Interest Requirement, if any, with respect to such Payment Date.
Available Collection Amount. With respect to any Payment Date, an amount without duplication equal to the sum of: (i) all amounts received on the Home Loans or required to be paid by the Master Servicer, the Servicer or the Transferor during the related Due Period (exclusive of amounts not required to be deposited in the Collection Account pursuant to Section 5.01(b)(1) hereof and amounts permitted to be withdrawn by the Indenture Trustee from the Collection Account pursuant to Section 5.01(b)(3) hereof); (ii) upon exercise of optional redemption of the Notes and termination of the Issuer pursuant to Section 11.02 hereof, the Termination Price; and (iii) the Purchase Price paid for any Home Loans purchased pursuant to Section 3.05 hereof prior to the related Determination Date and the Substitution Adjustment to be deposited in the Collection Account in connection with any substitution, in each case prior to the related Determination Date.
Available Collection Amount means, an amount equal to the sum of: (i) all amounts received on the Home Loans or required to be paid by the Servicer, the Transferor or the Seller during the related Due Period (exclusive of amounts not required to be deposited in the Collection Account and amounts permitted to be withdrawn by the Indenture Trustee from the Collection Account pursuant to Section 5.01(d) of the Sale and Servicing Agreement) as reduced by any portion thereof that may not be withdrawn therefrom pursuant to an order of a United States bankruptcy court of competent jurisdiction imposing a stay pursuant to Sectxxx 000 xx xxx Xxxxxx Xxxxxx Xxxkruptcy Code; (ii) in the case of a Distribution Date relating to a Due Period that occurs prior to the end of the Funding Period, an amount from the Capitalized Interest Account sufficient to fund any shortfall in the Interest Distribution Amount attributable to the amounts in the Pre-Funding Account; (iii) in the case of the Pre-Funding Termination Distribution Date, amounts, if any, remaining in the Pre-Funding Account at the end of the Funding Period (net of reinvestment income, which shall be transferred to the Capitalized Interest Account); (iv) with respect to the final Distribution Date or an early redemption or termination of the Offered Securities pursuant to Section 11.02 of the Sale and Servicing Agreement, the Termination Price, and (v) any and all income or gain from investments in the Collection Account.
Examples of Available Collection Amount in a sentence
By the close of business on the fourth Business Day prior to each Payment Date, the Master Servicer shall cause the Servicer to withdraw from the Collection Account the Available Collection Amount and deposit such into the Note Payment Account for such Payment Date.
On the second Business Day prior to each Payment Date, the Indenture Trustee (based on information provided by the Servicer for such Payment Date) shall withdraw from the Collection Account the Available Collection Amount as a distribution in respect of the Grantor Trust Certificate pursuant to Section 5.02 of the Grantor Trust Agreement and deposit such into the Note Payment Account for such Payment Date.
Compare the even distribution of the wage sweep-up in 1991 and 1992, a time with rising employment with the compressed one in 1994 and 1995, a time with falling employment.
On the Remittance Date of each month the Servicer shall instruct the Indenture Trustee to withdraw from the Collection Account the Available Collection Amount and deposit such Available Collection Amount into the Note Distribution Account for such month's Distribution Date.
Subject to the total amount on deposit in the Reserve Account with respect to each Distribution Date the Indenture Trustee shall withdraw funds from such Reserve Account and deposit in the Note Distribution Account an amount equal to the excess (the "Reserve Account Withdrawal Amount") of (A) the sum of the Trust Fees and Expenses and the Required Distribution Amount, over (B) the Available Collection Amount.
More Definitions of Available Collection Amount
Available Collection Amount. With respect to each Payment Date, an --------------------------- amount equal to the sum of (a) all amounts received in respect of the Home Loans or paid by the Servicer, the Transferor or the Seller (exclusive of amounts not required to be deposited in the Collection Account) during the related Due Period (and, in the case of amounts required to be paid by the Transferor in connection with the purchase or substitution of a Defective Home Loan, deposited in the Collection Account on or before the related Determination Date), as reduced by any portion thereof that may not be withdrawn therefrom pursuant to an order of a United States bankruptcy court of competent jurisdiction imposing a stay pursuant to Section 362 of the United States Bankruptcy Code, (b) in the case of the Payment Date following the Due Period in which the Funding Period ends, amounts, if any, remaining in the Pre-Funding Account at the end of the Funding Period, (c) with respect to the final Payment Date, or an early redemption or termination of the Securities pursuant to Section 11.02(b), the Termination Price, or in the case of an early redemption or termination of the Securities pursuant to Section 11.02(a), the proceeds from the sale of the Home Loans; and (d) any income or gain from investment of funds on deposit in the Collection Account.
Available Collection Amount. An amount equal to the sum of: (i) all amounts received on the Home Loans or required to be paid by the Servicer, the Transferor or the Seller during the related Due Period (exclusive of amounts not required to be deposited in the Collection Account and amounts permitted to be withdrawn by the Indenture Trustee from the Collection Account pursuant to Section 5.01(d) of this Agreement) as reduced by any portion thereof that may not be withdrawn therefrom pursuant to an order of a United States bankruptcy court of competent jurisdiction imposing a stay pursuant to Sectxxx 000 xx xxx Xxxxxx Xxxxxx Xxxkruptcy Code; (ii) in the case of a Distribution Date relating to a Due Period that occurs prior to the end of the Funding Period, an amount from the Capitalized Interest Account sufficient to fund any shortfall in the Interest Distribution Amount attributable to the amounts in the Pre-Funding Account; (iii) in the case of the Pre-Funding Termination Distribution Date, amounts, if any, remaining in the Pre-Funding Account at the end of the Funding Period (net of reinvestment income, which shall be transferred to the Capitalized Interest Account); (iv) with respect to the final Distribution Date or an early redemption or termination of the Offered Securities pursuant to Section 11.02, the Termination Price, and (v) any and all income or gain from investments in the Collection Account.
Available Collection Amount. With respect to any Distribution Date, an amount equal to the sum of: (i) all amounts received on the Mortgage Loans or required to be paid by the Servicer or the Transferor during the related Due Period (exclusive of amounts not required to be deposited by the Servicer in the Collection Account pursuant to Section 5.01(b)(1) and amounts permitted to 2 7 be withdrawn by the Indenture Trustee from the Collection Account pursuant to Section 5.01(b)(3) of this Agreement) as reduced by any portion thereof that may not be withdrawn therefrom pursuant to an order of a United States bankruptcy court of competent jurisdiction imposing a stay pursuant to Sectxxx 000 xx xxx Xxxxxx Xxxxxx Xxxkruptcy Code; (ii) with respect to the final Distribution Date or an early redemption or termination of the Securities pursuant to Section 11.02, the Termination Price; (iii) the Purchase Price paid for any Mortgage Loans required to be purchased pursuant to Section 3.06 prior to the related Determination Date and (iv) the Capitalized Interest Requirement, if any, with respect to such Distribution Date.
Available Collection Amount. With respect to each Payment Date, an amount equal to the sum of (a) all amounts received in respect of the Home Loans or paid by the Trust or the Seller pursuant to Section 5.01 (b) (i) (exclusive of amounts not required to be deposited in the Collection Account pursuant to Section 5.01 (b)(2)(ii) or withdrawn pursuant to Sections 5.01(b) (2)(ii) or 5.01(d)) during the related Due Period (and, in the case of amounts required to be paid by the Seller in connection with the purchase or substitution of a Defective Home Loan, deposited in the Collection Account on or before the related Determination Date), and (b) with respect to the final Payment Date, or an early redemption or purchase of the Securities pursuant to Section 11.02(b), the Termination Price.
Available Collection Amount. With respect to any Distribution Date, an --------------------------- amount without duplication equal to the sum of: (i) all amounts received on the Home Loans or required to be paid by the Servicer, the Transferor or the Depositor during the related Due Period (exclusive of amounts not required to be deposited by the Servicer in the Collection Account pursuant to Section ------- 5.01(b)(1) and amounts permitted to be withdrawn by the Trustee from the ---------- Collection Account pursuant to Section 5.01(b)(3) of this Agreement) as ------------------ reduced by any portion thereof that may not be withdrawn therefrom pursuant to an order of a United States bankruptcy court of competent jurisdiction imposing a stay pursuant to Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code; (ii) FHA Insurance Premiums in respect of FHA Loans received during the related Due Period; (iii) payments of FHA Insurance in respect of FHA Loans received during the related Due Period; (iv) with respect to the final Distribution Date, the Termination Price; (v) any and all income or gain from investments in the Collection Account; and (vi) the Purchase Price paid for any Home Loans required to be purchased pursuant to Section 3.06 prior to the ------------ related Determination Date.
Available Collection Amount. With respect to any Distribution Date, the sum of (a) all amounts received in respect of the Mortgage Loans or paid by the Servicer, the Seller or the Depositor (exclusive of amounts not required to be deposited in the Collection Account) during the related Due Period (and, in the case of amounts required to be paid by the Seller in connection with the purchase or substitution of a Deleted Mortgage Loan, deposited in the Collection Account on or before the related Determination Date), as reduced by any portion thereof that may not be withdrawn therefrom pursuant to an order of a United States bankruptcy court of competent jurisdiction imposing a stay pursuant to Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code, (b) with respect to the final Distribution Date, or an early redemption or termination of the Securities pursuant to Section 8.01(b), the Termination Price, and (c) any income or gain from investment of funds in the Collection Account.]
Available Collection Amount. With respect to any Distribution Date, the Fixed Rate Pool and the Group I Certificates, the Group I Available Collection Amount. With respect to any Distribution Date, the Adjustable Rate Pool and the Group II Certificates, the Group II Available Collection Amount.