Available Funds Rate. With respect to any Payment Date and the Notes, the per annum rate equal to the product of (1) (a) 360 divided by (b) the actual number of days in the Accrual Period, and (2) (a) Interest Funds for such Payment Date, divided by (b) the aggregate Class Principal Amount of the Notes as of the first day of the related Accrual Period.
Available Funds Rate. With respect to any Distribution Date, a per annum rate equal to (i) the product of (x) the Interest Remittance Amount plus full and partial Principal Prepayments available to be distributed on such Distribution Date and (y) a fraction, the numerator of which is 12 and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans as of such Distribution Date, adjusted to an actual/360 rate.
Available Funds Rate. On any Payment Date and with respect to the Group 1 Bonds, the per annum rate equal to the product of:
Examples of Available Funds Rate in a sentence
The Mortgage Rate and Net Mortgage Rate as to any Mortgage Loan will be deemed not reduced by any servicing modification, so that the calculation of any Available Funds Rate will not be affected by the servicing modification.
Any differences in the distributions to a Holder of a LIBOR Certificate (positive or negative) that would result from the application of the REMIC Cap rather than the applicable Available Funds Rate shall be treated by the Trustee as reconciled among the LIBOR Certificates by swap payments made pursuant to notional principal contracts entered into among the Holders of the LIBOR Certificates.
Promptly after the Auction Agent has determined the Auction Rate, the Auction Agent will determine and advise the Indenture Trustee of the Auction Rate on the Determination Date for the related Payment Date and the Servicer will advise the Indenture Trustee of the applicable Available Funds Rate.
Any such rate shall be subject to the Available Funds Rate on the related Payment Date, as calculated by the Servicer.
These are the main source of capital intergovernmental transfers in Uruguay.Table 2 shows the weight of total intergovernmental transfers over the total revenues of DGs. Table 2: Share of intergovernmental transfers in total DG revenues (2016 – 2019) DGSource: Own elaboration.The inspection of Table 2 allows us to observe that intergovernmental transfers represent, on average, 28% of the annual revenues of DGs over the period considered (2016-2019).
More Definitions of Available Funds Rate
Available Funds Rate. For any Payment Date with respect to the Group I Notes, a per annum rate equal to the product of (x) the weighted average of the Expense Adjusted Mortgage Rates of the then outstanding Group I Mortgage Loans, weighted based on their Stated Principal Balances as of the first day of the calendar month preceding the month in which the Payment Date occurs multiplied by a fraction the numerator of which is the aggregate Stated Principal Balance of the Group I Mortgage Loans and the Group II Mortgage Loans as of the last day of the prior Due Period and the denominator of which is the aggregate Note Balance of the Class A Notes and the Mezzanine Notes immediately prior to such Payment Date and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period. For any Payment Date with respect to the Group II Notes, a per annum rate equal to the product of (x) the weighted average of the Expense Adjusted Mortgage Rates of the then outstanding Group II Mortgage Loans, weighted based on their Stated Principal Balances as of the first day of the calendar month preceding the month in which the Payment Date occurs multiplied by a fraction the numerator of which is the aggregate Stated Principal Balance of the Group I Mortgage Loans and the Group II Mortgage Loans as of the last day of the prior Due Period and the denominator of which is the aggregate Note Balance of the Class A Notes and the Mezzanine Notes immediately prior to such Payment Date and (y) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days elapsed in the related Interest Accrual Period. For any Payment Date with respect to the Mezzanine Notes, a per annum rate equal to the product of (x) the product of (A) the weighted average of the Expense Adjusted Mortgage Rates of the then outstanding Group I Mortgage Loans and Group II Mortgage Loans, weighted based on their Stated Principal Balances as of the first day of the calendar month preceding the month in which the Payment Date occurs less the sum of (i) the weighted average Note Rate for the Group I Notes multiplied by a fraction, the numerator of which is the aggregate Note Balance of the Group I Notes immediately prior to such Payment Date and the denominator of which is the Stated Principal Balance of the Group I Mortgage Loans and the Group II Mortgage Loans as of the last day of the prior Due Period and (ii) the weighted a...
Available Funds Rate. On any Payment Date, the per annum rate equal to the product of (i) the weighted average of the Net Rates on the Mortgage Loans included in the Trust as of the end of the prior Due Period, weighted on the basis of the Scheduled Principal Balances thereof as of the end of the prior Due Period and (ii) a fraction equal to (x) the aggregate Scheduled Principal Balance of the Mortgage Loans as of the end of the prior Due Period divided by (y) the aggregate Note Principal Balance of the Notes immediately prior to such Payment Date.
Available Funds Rate. The Group I Available Funds Rate.
Available Funds Rate. With respect to any Payment Date the product of (i) the average of the Net Loan Rates applicable to the accrual of interest to be paid, weighted on the basis of the related Principal Balance of each Mortgage Loan at the beginning of the related Due Period and converted to a rate based on actual days/360, multiplied by (ii) a fraction the numerator of which is the Invested Amount for the previous Payment Date and the denominator of which is the Class A Note Principal Balance immediately prior to such Payment Date.
Available Funds Rate means, with respect to each Class of Notes and any Payment Date following the occurrence and continuance of an Indenture Event of Default but prior to a REMIC Election, a rate per annum (adjusted for the actual number of days in the related Interest Accrual Period) equal to the product of (x) a fraction, expressed as a percentage, the numerator of which is the amount of interest received on the Purchased Assets during the related Interest Accrual Period minus the Monthly Aggregate Fee, the Delinquent Loan Reviewer Fee and any other amounts reimbursable by the Issuer to the Standby Servicer, the Owner Trustee, the Custodian, the Note Calculation Agent, the Delinquent Loan Reviewer or the Indenture Trustee during such Interest Accrual Period and any Extraordinary Expenses paid by the Issuer during such Interest Accrual Period, and the denominator of which is the aggregate Note Balance of the Notes immediately prior to the related Payment Date, and (y) 12.
Available Funds Rate. With respect to any Payment Date and for any Class of Notes, a per annum rate equal to the quotient of (a) the excess, if any, of (1) the sum of (A) Interest Funds for Group 1 and (B) the Interest Funds for Group 2, over (2) any Net Swap Payments or swap termination amounts payable to the Swap Counterparty for such Payment Date pursuant to Section 6.02(b)(i)-(ii) or Section 6.02(c)(i)-(ii) hereof, as applicable, and any Final Maturity Reserve Amounts payable pursuant to Section 6.02(b)(iii)-(iv) or Section 6.02(c)(iii)-(iv), as applicable, divided by (b) the product of (i) the sum of the Class Principal Amounts of the Class 1-A, Class 2-A1, Class 2-A2, Class 2-A3, Class 2-A4, Class M1, Class M2, Class M3, Class M4, Class M5, Class M6, Class M7, Class M8, Class M9 and Class M10 Notes before taking into account any payments of principal on such Payment Date, and (ii) a fraction, the numerator of which is the actual number of days in the related Accrual Period (or, in the case of the Class M10 Notes, the numerator of which is 30), and the denominator of which is 360.