Available Interest Proceeds means, with respect to any payment proposed to be made pursuant to Section 3.8(b)(i) and any date of determination, (a) the sum of (i) all proceeds of interest, fee or other amount (other than principal and premium in respect of principal) owing on any Debt Obligation (or any portion thereof), including any of the foregoing properly attributable to the sale of any Debt Obligation (or any portion thereof), to the extent received by the Borrower at least three Business Days prior to such date of determination and (ii) all proceeds of any Eligible Investments acquired by the Borrower with any proceeds referred to in the foregoing clause (a), and (without duplication) all payments of interest on any Eligible Investments acquired by the Borrower, to the extent received by the Borrower at least three Business Days prior to such date of determination minus (b) the sum of (i) all investments in Debt Obligations and Eligible Investments made by the Borrower at least three Business Days prior to such date of determination from proceeds referred to in the foregoing clause (a) plus (ii) all payments of interest, fees and other amounts (other than principal) paid on or prior to such date of determination by the Borrower hereunder or under any other Loan Document to the Administrative Agent, the Security Agent or any Lender plus (iii) all other payments made by the Borrower from Available Interest Proceeds on or prior to such date of determination pursuant to Section 3.8(a) or 3.8(b)(i) (and, if made by the Borrower on such date of determination pursuant to Section 3.8(b)(i), only to the extent required under Section 3.8(b)(i) to be paid in priority to the payment proposed to be made).
Available Interest Proceeds means the aggregate Interest Proceeds available. “Available Principal Proceeds” means the aggregate Principal Proceeds available.
Available Interest Proceeds means, on each Payment Date, on the Stated Maturity Date, on the Swap Termination Date, or on the Notes Redemption Date, as applicable, the amount of Interest Proceeds contained in Available Funds on such Payment Date, less any Interest Proceeds that have been allocated for payment at a higher priority in the Priority of Payments.
Examples of Available Interest Proceeds in a sentence
The Issuer expects to have Available Interest Proceeds andAvailable Principal Proceeds for the purposes of making interest and principal payments under the Notes and other payments due under the other Transaction Documents.
Priority of Payments, if there is a shortfall in any Principal Deficiency Ledger, Available Interest Proceeds may be applied as Available Principal Proceeds in order to cure such shortfall.Available Interest Proceeds may also be used to redeem the Class X Notes.
Available Interest Proceeds and Available Principal Proceeds standing to credit of the Issuer Transaction Account, the Cash Reserve Account and the Liquidity Reserve Account two (2) Business Days before each Note Payment Date shall be transferred to the Issuer Payment Account to be applied in accordance with the relevant Priority of Payments.
Interest on the Class Z Notes will be paid on each Note Payment Date in an amount equal to the residual amount of Available Interest Proceeds following payment of all other amounts due in accordance with the Pre-Acceleration Interest Priority of Payments or the Post Acceleration Priority of Payments (as applicable) (see Condition 6 (Interest) for further details).
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More Definitions of Available Interest Proceeds
Available Interest Proceeds means, in connection with a Refinancing or a Re-Pricing Redemption, Interest Proceeds in an amount equal to (a) the lesser of (i) the amount of accrued interest on the Classes being redeemed or refinanced and (ii) the amount the Asset Manager reasonably determines would have been available for distribution under the Priority of Payments for the payment of accrued interest on the Classes being redeemed or refinanced on the next subsequent Payment Date (or, if the Refinancing Redemption Date or the Re-Pricing Redemption Date is a Payment Date, such Payment Date) if such Classes had not been redeemed or refinanced plus (b) if the Refinancing Redemption Date or the Re-Pricing Redemption Date is not a Payment Date, (i) the amount (i) the Asset Manager reasonably determines would have been available for distribution under the Priority of Payments for the payment of Administrative Expenses on the next subsequent Payment Date plus (ii) any reserve established by the Issuer with respect to such Refinancing Redemption or Re-Pricing Redemption.
Available Interest Proceeds means, in connection with a Refinancing or a Re-Pricing Redemption, Interest Proceeds in an amount equal to (a) the lesser of (i) the amount of accrued interest on the Notes being Redeemed (plus, in the case of a Refinancing of the Class A Notes, any Class A Make-Whole Payment) and (ii) the amount the Collateral Manager reasonably determines would have been available for distribution under the Priority of Payments for the payment of accrued interest on the Notes being Redeemed (plus, in the case of a Refinancing of the Class A Notes, any Class A Make-Whole Payment) on the next subsequent Payment Date (or, if the Refinancing Redemption Date or the Re-Pricing Date is a Payment Date, such Payment Date) if such Notes had not been Redeemed plus (b) if the Refinancing Redemption Date or the Re-Pricing Date is not a Payment Date, the amount the Collateral Manager reasonably determines would have been available for distribution under the Priority of Payments for the payment of Administrative Expenses on the next subsequent Payment Date plus (c) the amount of any reserve established by the Issuer with respect to such Refinancing or Re-Pricing Redemption.
Available Interest Proceeds means the EUR Equivalent of all amounts paid, or payable into the Interest Accounts available in each Permitted Currency pursuant to Condition 3(i)(B) (Interest Accounts) from time to time during the relevant Due Period (which, for avoidance of doubt, shall not include all amounts deposited in the FX Reserve Accounts) and, with respect to any Payment Date, "Available Interest Proceeds" means the Available Interest Proceeds (as described in the first part of this definition) to be applied in accordance with the Priorities of Payment on such Payment Date together with any other amounts to be disbursed as Available Interest Proceeds on such Payment Date pursuant to the Available Interest Proceeds Priorities of Payment, and, in each case, shall include any other amounts to be disbursed out of the Payment Account as Available Interest Proceeds on such Payment Date pursuant to Condition 3(i) (Accounts).
Available Interest Proceeds means the aggregate Interest Proceeds available.
Available Interest Proceeds. In connection with a Refinancing of one or more Classes of Secured Debt or a Re-Pricing, Interest Proceeds in an amount equal to (a) the amount of accrued and unpaid interest on the Classes subject to such Refinancing or Re-Pricing, but only to the extent that such Interest Proceeds would be available under the Priority of Payments to pay accrued and unpaid interest on such Class on the date of a Refinancing or Re-Pricing of such Class (or, in the case of a Refinancing or Re-Pricing occurring on a date other than a Payment Date, only to the extent that the Collateral Manager determines (such determination not to be called into question as a result of subsequent events) that such Interest Proceeds would be available under the Priority of Payments to pay accrued and unpaid interest on such Class on the next Payment Date, taking into account Scheduled Distributions on the Assets that are expected to be received prior to the next Determination Date) and (b) any available Interest Proceeds on deposit in the Interest Collection Subaccount (solely to the extent that such application of Interest Proceeds would not cause a deferral of interest on any Class of Secured Debt on the next succeeding Payment Date, as determined by the Collateral Manager in its reasonable discretion not to be called into question as a result of subsequent events).
Available Interest Proceeds means the Euro Equivalent of the aggregate Interest Proceeds available in each Permitted Currency (which, for avoidance of doubt, shall not include Interest Proceeds deposited in the FX Reserve Accounts).
Available Interest Proceeds. In connection with a Refinancing of one or more Classes of Secured Notes, Interest Proceeds in an amount equal to the sum of (i) the lesser of (a) the amount of accrued interest on the Classes being refinanced (after giving effect to payments according to Section 11.1(a)(i) if the Redemption Date would have been a Payment Date without regard to such Optional Redemption by Refinancing) and (b) the amount the Collateral Manager reasonably determines would have been available for distribution under the Priority of Payments for the payment of accrued interest on the Classes being refinanced on the next subsequent Payment Date (or, if the Redemption Date is otherwise a Payment Date, such Payment Date) if such Notes had not been refinanced plus (ii) if the Redemption Date is not otherwise a Payment Date, an amount equal to (a) the amount the Collateral Manager reasonably determines would have been available for distribution under the Priority of Payments for the payment of Administrative Expenses with respect to such Optional Redemption by Refinancing on the next subsequent Payment Date plus (b) the amount of any reserve established by the Issuer with respect to such Optional Redemption by Refinancing.