Available Redemption Funds definition

Available Redemption Funds has the meaning indicated in Condition 5(a);

Available Redemption Funds means, in respect of the Redemption Payment Date, the sum of:

Available Redemption Funds means as at any Determination Date, an amount calculated as the aggregate of:

Examples of Available Redemption Funds in a sentence

• Any outstanding balance in the Pre-Funding Reserve Ledger as at the first Principal Determination Date (taking into account any debits made on that ledger on such date) will be credited on that Principal Determination Date to the Principal Ledger and will be taken into account when determining the Available Redemption Funds in respect of the first Interest Payment Date.

• Each Subordinated Lender will also agree to make advances available to the Issuer if and to the extent that the Issuer does not have sufficient Available Redemption Funds to enable it to make any Mandatory Further Advances which it is required to make.

• In addition, but without prejudice thereto, the Subordinated Lenders may, at their discretion, make available to the Issuer further amounts under the Subordinated Loan Agreement to enable the Issuer to make any Mandatory Further Advances if and to the extent that the Issuer so opts instead of using Available Redemption Funds which would otherwise be applied in making such Mandatory Further Advances.

• On each Note Payment Date following the Last Replenishment Date, the Issuer shall apply an amount equal to the Available Redemption Funds determined in respect of such Note Payment Date in or towards redemption of the Notes.

• Redemption and Purchase (a) Mandatovy Redemption in Pavt fvom Arailable Redemption Funds: Appovtionment of Arailable Redemption Funds Between the Class A Notes and the Class B Notes The Class B Notes shall be subject to mandatory redemption in part on any Interest Payment Date if on the Principal Determination Date (as defined below) relating thereto there are any Class B Available Redemption Funds (as defined below).

More Definitions of Available Redemption Funds

Available Redemption Funds means the amount calculated as at the related Calculation Date equal to the aggregate of the Principal Receipts received by the Issuer in respect of the related Calculation Period minus the Principal Addition Amount (if any) to be added to the Revenue Ledger on the immediately succeeding Interest Payment Date. Use of Issuer’s funds to meet Revenue ShortfallsIf, in respect of a Calculation Period, the Transaction Manager determines that a Revenue Shortfall will exist on the immediately succeeding Interest Payment Date, the Transaction Manager will:

Available Redemption Funds means, in respect of the Redemption Payment Date, the sum of: i) all amounts received by the Fund in respect of the distributions on or in respect of the Royalty Units since the immediately preceding Redemption Payment Date, and ii) all other income received by the Fund since the immediately preceding Redemption Payment Date, less the sum of iii) without duplication, all expenses paid or incurred in respect of the administration of the Fund, including without limitation the fees earned by the Trustee in connection with the administration of its duties hereunder or under the Royalty Indenture, incurred since the immediately preceding Redemption Payment Date;

Available Redemption Funds means, on each Calculation Date, all amounts standing to the credit of the Transaction Account which represent principal, including:

Available Redemption Funds means, in relation to an Interest Payment Date, the amount calculated as at the related Calculation Date equal to the aggregate of the Principal Receipts received by the Issuer with respect to the related Calculation Period minus the Principal Addition Amount (if any) to be added to the Revenue Ledger on the immediately succeeding Interest Payment Date;

Available Redemption Funds means, in respect of any Determination Date, the aggregate of:

Available Redemption Funds means, on any Monthly Payment Date falling (i) in the Revolving Period, part of the Available Principal Funds remaining, if any, after any payments in accordance with items (a), (b) and (c) of the Redemption Priority of Payments have been made and (ii) outside the Revolving Period, part of the Available Principal Funds remaining, if any, after any payments in accordance with item (a) of the Redemption Priority of Payments have been made."; and

Available Redemption Funds appearing in Section 1.01 of the Agreement is hereby amended by adding the following proviso immediately before the period at the end of such definition: “; provided, however, that in no event shall “Available Redemption Funds” exceed $100,000,000”