Available Monies means, with respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date.
Available Monies means, with respect to any Distribution Date, the sum (without duplication) of (a) the following amounts received by the Servicer on or in respect of the Contracts during the related Due Period: (i) all amounts received in respect of principal of and interest on the Contracts, (ii) all Net Liquidation Proceeds, and (iii) all amounts received in respect of interest, dividends, gains, income and earnings on investment of funds in the Trust Accounts as contemplated in Section 5.05(d), and (b) the following amounts received on or prior to such Distribution Date: (i) the aggregate of the Purchase Prices for Contracts reacquired by the Trust Depositor pursuant to Section 7.08 or moneys otherwise deposited in the Collection Account pursuant to such Section, (ii) all Advances made by the Servicer pursuant to Section 7.03, (iii) all amounts paid by the Servicer in connection with an optional purchase of the Contracts pursuant to Section 7.10, and (iv) the aggregate of the Purchase Prices for Contracts purchased by the Servicer pursuant to Section 7.11.
Available Monies means, with respect to any Distribution Date, the sum (without duplication) of (a) the following amounts received by the Servicer on or in respect of the Contracts during the related Due Period: (i) all amounts received in respect of principal of and interest on the Contracts, (ii) all Net Liquidation Proceeds, and (iii) all amounts received in respect of interest, dividends, gains, income and earnings on investment of funds in the Trust Accounts as contemplated in Section 5.05(d), and (b) the following amounts received on or prior to such Distribution Date: (i) the aggregate of the Purchase Prices for Contracts reacquired by the Trust Depositor pursuant to Section 7.08 or moneys otherwise deposited in the Collection Account pursuant to such Section, (ii) all Advances made by the Servicer pursuant to Section 7.03, (iii) all amounts paid by the Servicer in connection with an optional purchase of the Contracts pursuant to Section 7.10, (iv) the aggregate of the Purchase Prices for Contracts purchased by the Servicer pursuant to Section 7.11, [(v) the Net Swap Receipt, if any, received from the [Swap][Cap] Counterparty for such Distribution Date, and [Swap][Cap] Termination Payments made by the [Swap][Cap] Counterparty (less any amounts used to enter into a Replacement [Swap][Cap] Agreement)].
Examples of Available Monies in a sentence
The Monthly Servicing Fee shall be paid solely from Available Monies and in accordance with the priorities described in Section 7.05(a) and Section 7.05(b), as applicable.
The Indenture Trustee Fee and the Asset Representations Reviewer Fee shall be paid directly by the Administrator, on behalf of the Issuer, and the Asset Representations Reviewer Annual Fee shall be paid directly by the Servicer, on behalf of the Issuer, and, in each case, if not promptly paid thereby, from Available Monies and in accordance with the priorities described in Section 7.05(a) and Section 7.05(b), as applicable.
The Issuer shall deposit Net Swap Receipts into the Note Distribution Account to be included as Available Monies on the related Distribution Date.
Available Monies means the Premium(s) paid after deducting Premium Allocation Charges (please refer Clause on Charges for details of these and other charges), applicable taxes/levies etc.
Any amounts remaining in the Swap Termination Payment Account after payment in full of the Class C Notes shall be included in Available Monies and allocated in accordance with the order of priority specified in Section 7.05 on the following Distribution Date.
More Definitions of Available Monies
Available Monies means the amount credited to the Payments Account as at the close of business on the last Business Day of each month after deducting the amount required to be transferred on the next following Business Day to the Debt Service Payment Account.
Available Monies means, with respect to any Distribution Date, the sum of the Available Interest and the Available Principal for such Distribution Date; provided that in the event of a Special Distribution Date, a portion of the Available Monies for the September 2012 Distribution Date shall be deposited into the Trust Accounts on or before the Special Distribution Date as provided in Section 7.05(d) and the remaining Available Monies shall be distributed on the September 2012 Distribution Date as provided in Section 7.05(a).
Available Monies means monies which are continuously on deposit with the Trustee or the paying agent in trust for the benefit of the Owners in a separate and segregated account in which only Available Monies are held and which constitute (i) proceeds of the Bonds received contemporaneously with the issuance, delivery and sale of the Bonds, (ii) other monies held in any fund created under the Indenture that have been continuously on deposit in trust with the Trustee or the paying agent for the benefit of the Owners for a period of one hundred twenty-three
Available Monies means any monies on deposit with a trustee for the benefit of Bondholders and the Bond Trustee which are (i) bond proceeds, (ii) amounts on deposit for a period of 124 consecutive days during which no petition in bankruptcy under the U.S. Bankruptcy Code has been filed by or against the entity, instituted under state insolvency or other laws affecting creditor's rights generally, (iii) any monies with respect to which an unqualified opinion from nationally recognized counsel has been received stating that such payments to bondholders would not constitute voidable preferences under Section 547 of the U.S. Bankruptcy Code, or similar federal laws with voidable preference provisions in the event of the filing of a petition for relief under the U.S. Bankruptcy Code, or similar federal laws with voidable preference provisions by or against the entity from whom the money is received or (iv) proceeds from investment of monies qualifying as Available Monies under clause (i), (ii), or (iii) above.
Available Monies means with respect to any date of determination (a) remarketing proceeds received from a Remarketing Agent or purchaser (other than funds provided by a Borrower, any partner of a Borrower or an Issuer), (b) proceeds from the investment or reinvestment of monies described in clause (a) above, and/or (c) any other amounts, including the proceeds of refunding bonds, for which, in each case, Xxxxxx Xxx has received an opinion of counsel experienced in bankruptcy matters to the effect that the use of such amounts to make payments on the Bonds would not violate Section 362(a) of the Bankruptcy Code (or that relief from the automatic stay provisions of such Section 362(a) would be available from the bankruptcy court) or be avoidable as preferential payments under Section 544, 547 or 550 of the Bankruptcy Code should an Issuer, a Borrower, any joint venturer in or general partner of a Borrower, or any general partner in any joint venturer in or general partner of a Borrower, become a debtor in proceedings commenced thereunder.
Available Monies means as of a Payment Date, the aggregate of the amount available for distribution from the Collection Account, Cash Collateral Account and Reserve Account.
Available Monies means monies which are continuously on deposit with the Trustee or the paying agent in trust for the benefit of the Owners in a separate and segregated account in which only Available Monies are held and which constitute (i) proceeds of the Bonds received contemporaneously with the issuance, delivery and sale of the Bonds, (ii) other monies held in any fund created under the Indenture that have been continuously on deposit in trust with the Trustee or the paying agent for the benefit of the Owners for a period of one hundred twenty-three (123) consecutive days during and prior to which no petition in bankruptcy under the United States Bankruptcy Code has been filed by or against the Issuer or the Company and no similar proceedings have been instituted under State insolvency or other laws affecting creditors' rights generally, (iii) proceeds of a credit facility, (iv) funds for which the Trustee and any rating agency then maintaining a rating on the Bonds have received a written opinion of Independent Counsel nationally recognized in bankruptcy matters and acceptable to the Trustee, and any rating agency then maintaining a rating on the Bonds, to the effect that payment of such monies to the Owners would not constitute a voidable preference under Section 547 of the United States Bankruptcy Code or under applicable State law if the Issuer or the Company were to become a debtor under the United States Bankruptcy Code or under applicable State law, or (v) the earnings on, and other proceeds of, investment of funds qualifying as Available Monies under the foregoing clauses.