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).
The average drag coefficient of the two vehicles in platoon is lower than that of the single-vehicle within the range of separation distance of 0.5-3L.