Available Distribution definition

Available Distribution is used in the Standard Terms hereinafter shall be deemed to use the term "Available Distribution Amount."

Available Distribution. Unless otherwise provided in the Trust Agreement, with respect to each Distribution Date, an amount equal to the sum of the following:

Available Distribution. Unless otherwise provided in the Pooling and Master Servicing Agreement, on each Distribution Date the Available Distribution shall equal the sum of the following:

Examples of Available Distribution in a sentence

• With respect to Insurance Proceeds, Liquidation Proceeds, REO Proceeds and the proceeds of the purchase of any Mortgage Loan pursuant to Sections 2.02, 2.03, 2.04 and 4.07 received in any calendar month, the Master Servicer may elect to treat such amounts as included in the Available Distribution Amount for the Distribution Date in the month of receipt, but is not obligated to do so.

• Notwithstanding anything to the contrary herein, in no event shall Advance Reimbursement Amounts or Servicing Advance Reimbursement Amounts be included in the Available Distribution Amount or distributed to Certificateholders.

• The Master Servicer shall hold such Initial Monthly Payment Fund in the Custodial Account and shall include such Initial Monthly Payment Fund in the Available Distribution Amount for the initial Distribution Date.

• Distributions of principal of and interest on this Certificate will be made out of the Available Distribution Amount, to the extent and subject to the limitations set forth in the Pooling and Servicing Agreement, on the 4th Business Day after the related Determination Date (a “Distribution Date”) commencing on the First Distribution Date specified above, to the Person in whose name this Certificate is registered on the applicable Record Date.

• Principal and interest allocated to this Certificate on any Distribution Date will be in an amount equal to this Certificate’s pro rata share of the Available Distribution Amount to be distributed on the Certificates of this Class as of such Distribution Date, with a final distribution to be made upon retirement of this Certificate as set forth in the Pooling and Servicing Agreement.

More Definitions of Available Distribution

Available Distribution. Amount is insufficient to pay in full the Distributable Certificate Interest payable as described above in respect of any Class of Senior Certificates on such Distribution Date, then the entire Net Available Distribution Amount shall be applied to make distributions of interest to the Holders of the respective Classes of the Senior Certificates, up to an amount equal to, and pro rata as among the respective Classes of Senior Certificates in accordance with, the Distributable Certificate Interest in respect of each such Class of Senior Certificates for such Distribution Date and, to the extent not previously paid, for all prior Distribution Dates, if any;

Available Distribution for a Distribution Date generally will include (1)

Available Distribution means the Fair Fund, less any amounts expended or to be expended for administering the Fair Fund (e.g., reasonable fees and expenses incurred or to be incurred in administering this Distribution Plan and the payment of taxes on the Fair Fund).

Available Distribution. The definition of Available Distribution in the Standard Terms is not used in this Trust Agreement.

Available Distribution the definition of "Certificate Principal Balance" is hereby amended by replacing such definition in its entirety with the following:

Available Distribution. For each Distribution Date for a Series of Certificates, the amount on deposit in the related Distribution Account at the commencement of business on such Distribution Date, less the amounts distributable from the Distribution Account in accordance with clauses (1) through (4) of Section 4.03(a) hereof.

Available Distribution. For each Distribution Date for a Series of Certificates, (1) (z) the amount on deposit in the related Distribution Account at the commencement of business on such Distribution Date and (y) the Reserve Fund Draw Amount, if any, for such Distribution Date, less (2) the amounts distributable from the Distribution Account in accordance with clauses (1) through (4) of Section 4.03(a) hereof.