Available Redemption Receipts definition
Available Redemption Receipts means for any Interest Payment Date an amount equal to the aggregate of (without double counting):
Available Redemption Receipts means for any Interest Payment Date an amount equal to the aggregate of (without double counting): (a) all Redemption Receipts or, if in a Determination Period, any Calculated Redemption Receipts, in each case, excluding an amount equal to any Reconciliation Amounts to be applied as Available Revenue Receipts on that Interest Payment Date, (i) received by the Issuer during the immediately preceding Collection Period and (ii) if representing amounts received in respect of any repurchases of Loans and their Related Security that were repurchased by the Seller and/or the Originator pursuant to the Mortgage Sale Agreement, received by the Issuer from but excluding the Monthly Pool Date immediately preceding the immediately preceding Interest Payment Date (or, in the case of the first Interest Payment Date, from and including the Closing Date) to and including (A) the immediately preceding Monthly Pool Date or (B) in respect of a repurchase by the Seller or the Originator to effect a redemption in full of the Notes pursuant to Condition 8.3 (Optional Redemption of the Notes in Full), the immediately preceding Calculation Date; (b) on the first Interest Payment Date only, the amounts standing to the credit of the Prefunding Reserve Ledger to the extent such funds have not been or will not be utilised to acquire the Further Portfolio; (c) the amounts (if any) calculated on the Calculation Date preceding that Interest Payment Date pursuant to the Pre-Enforcement Revenue Priority of Payments, to be the amount by which the debit balance of each of the Class A Principal Deficiency Sub-Ledger and/or the Class B Principal Deficiency Sub-Ledger and/or the Class C Principal Deficiency Sub-Ledger and/or the Class D Principal Deficiency Sub- Ledger and/or the Class Z Principal Deficiency Sub-Ledger is to be reduced on that Interest Payment Date; (d) any amounts deemed to be Available Redemption Receipts in accordance with item (r) of the Pre-Enforcement Revenue Priority of Payments (the "Enhanced Amortisation Amounts"); (e) on the Final Redemption Date only, all amounts standing to the credit of the Rated Note Reserve Fund Ledger, after first having applied the Rated Note Reserve Fund Available Amount as Available Revenue Receipts pursuant to the Pre-Enforcement Revenue Priority of Payments and any Rated Note Reserve Fund Liquidity Release Amount to meet any Revenue Deficit on such Interest Payment Date and after amounts have been credited to the Rated Note Reserve Fund in...
Examples of Available Redemption Receipts in a sentence
Limited recourse and non- petition All payment obligations of the Issuer under the Notes will be limited recourse obligations of the Issuer to pay only the amounts available for such payment from the Pre-Enforcement Available Revenue Receipts and the Pre-Enforcement Available Redemption Receipts or the Post- Enforcement Available Distribution Amount in accordance with the relevant Issuer Priorities of Payments.