Available Funds Allocation definition

Available Funds Allocation. The allocation of Available Funds pursuant to Section 8.02(b) hereof.
View Source
Available Funds Allocation. The allocation of Available Funds pursuant to Section 8.02(c) hereof.
View Source

Examples of Available Funds Allocation in a sentence

  • The share of the Investor Servicing Fee allocable to the WFCardSeries with respect to any Transfer Date shall be equal to one-twelfth of the product of (i) the WFCardSeries Servicing Fee Percentage and (ii) the Weighted Average Available Funds Allocation Amount for the WFCardSeries for the Monthly Period immediately preceding such Transfer Date (the “WFCardSeries Servicing Fee”).

  • In addition to the Servicer Interchange, the portion of the WFCardSeries Servicing Fee that is allocable to the WFCardSeries with respect to any Transfer Date (the “WFCardSeries Net Servicing Fee”) shall be equal to one-twelfth of the product of (i) the WFCardSeries Net Servicing Fee Rate and (ii) the Weighted Average Available Funds Allocation Amount for WFCardSeries for the immediately preceding Monthly Period.

  • Should the Servicer Interchange on deposit in the Collection Account on any Transfer Date with respect to the related Monthly Period be less than one-twelfth of 0.75% of the Weighted Average Available Funds Allocation Amount for the WFCardSeries for such Monthly Period, the WFCardSeries Servicing Fee with respect to such Monthly Period will not be paid to the extent of such insufficiency of Servicer Interchange.

  • On each Distribution Date any excess of the amount on deposit in the Class A-4 Reserve Account (following the Available Funds Allocation and any required withdrawals from the Class A-4 Reserve Account in respect of shortfalls in Available Funds) over the Class A-4 Maximum Reserve Amount will be withdrawn therefrom by the Trustee and remitted to the Issuer, free of the lien of this Indenture.

  • On each Payment Date any excess of the amount on deposit in the Class A-4 Reserve Account (following the Available Funds Allocation and any required withdrawals from the Class A-4 Reserve Account in respect of shortfalls in Avaialble Funds) over the Class A-4 Maximum Reserve Amount will be withdrawn therefrom by the Trustee and remitted to the Issuer, free of the lien of this Indenture.