Available Redemption Receipts definition

Available Redemption Receipts means for any Interest Payment Date an amount equal to the aggregate of (without double counting):
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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...
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Examples of Available Redemption Receipts in a sentence

  • Amount Due for Distribution - Redemption Receipts Purchaser Available Redemption Receipts Current Period a.

  • Available Redemption Receipts (if any) may only be redirected as Principal Addition Amounts in respect of a Senior Expenses Deficit.

  • Available Funds of the Issuer:Prior to an Enforcement Notice being served on the Issuer, the Cash Manager on behalf of the Issuer will apply Available Revenue Receipts and Available Redemption Receipts on each Interest Payment Date in accordance with the Pre-Enforcement Revenue Priority of Payments and the Pre-Enforcement Redemption Priority of Payments respectively, as set out below.

  • The priority of the Notes are further set out in "Cashflows Application of Available Revenue Receipts prior to the service of an Enforcement Notice on the Issuer", "Cashflows Application of Available Redemption Receipts prior to the service of an Enforcement Notice on the Issuer" and "Cashflows Distributions Following the Service of an Enforcement Notice on the Issuer".

  • However, such risks are partially mitigated by (a) the Swap Transaction entered into pursuant to the Swap Agreement, (b) the General Reserve Fund, (c) the Liquidity Reserve Fund, (d) subordination of certain junior classes of Notes and (d) the application of Available Redemption Receipts as Principal Addition Amounts in relation to the Class A and Class B Notes only.

  • The Issuer will not be able to use Available Redemption Receipts to pay interest on any Class of Notes (other than (a) the Class A Notes as set out above or (b) unless such Class of Notes (other than the Class A Notes) is the Most Senior Class or (c) after the delivery of an Enforcement Notice in accordance with the Post- Enforcement Priority of Payments) under any circumstances.

  • To the extent that there is a Senior Expenses Deficit, the Cash Administrator on behalf of the Issuer shall, on the relevant Payment Date, apply Issuer Pre-Enforcement Available Redemption Receipts as Issuer Pre-Enforcement Available Revenue Receipts in accordance with the Issuer Pre-Enforcement Revenue Priority of Payments.

  • The priority of the Notes and the Residual Certificates are further set out in "Cashflows and Cash Management – Application of Available Revenue Receipts prior to the service of an Enforcement Notice on the Issuer", "Cashflows and Cash Management – Application of Available Redemption Receipts prior to the service of an Enforcement Notice on the Issuer" and "Cashflows and Cash Management – Distributions following the service of an Enforcement Notice on the Issuer".

  • Payments and prepayments of principal on the Loans and any proceeds of repurchased Loans will be applied as Available Redemption Receipts in accordance with the Pre-Enforcement Redemption Priority of Payments (see "Cashflows" below).

  • The priority of the Notes and the Residual Certificates are further set out in "Cashflows and Cash Management A–pplication of Available Revenue Receipts prior to the service of an Enforcement Notice on the Issuer", "Cashflows and Cash Management A–pplication of Available Redemption Receipts prior to the service of an Enforcement Notice on the Issuer" and "Cashflows and Cash Management – Distributions following the service of an Enforcement Notice on the Issuer".

Related to Available Redemption Receipts

  • Minimum Redemption means, in relation to the Euro Non-RDR ‘Retail’ Unhedged Accumulation Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Optional Redemption Amount means the sum of (a) 120% of the then outstanding principal amount of the Debenture, (b) accrued but unpaid interest on the Debenture and (c) all liquidated damages and other amounts due in respect of the Debenture.

  • Gross Redemption Yield means, with respect to a security, the gross redemption yield on such security, expressed as a percentage and calculated by the Financial Adviser on the basis set out by the UK Debt Management Office in the paper “Formulae for Calculating Gilt Prices from Yields”, page 4, Section One: Price/Yield Formulae “Conventional Gilts/Double dated and Updated Gilts with Assumed (or Actual) Redemption on a Quasi-Coupon Date” (published 8 June 1998, as amended or updated from time to time) on a semi-annual compounding basis (converted to an annualised yield and rounded up (if necessary) to four decimal places) or on such other basis as the Trustee may approve;

  • Make-Whole Redemption Margin means the margin specified as such in the relevant Final Terms.

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Make-Whole Redemption Amount means the sum of:

  • Final Redemption Value means the Underlying Reference Value.

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Make-whole Redemption Rate means (i) the average of the four quotations given by the Reference Dealers of the mid-market annual yield to maturity of the Reference Security on the fourth Business Day preceding the Make-whole Redemption Date at 11:00 a.m. (Central European Time ("CET")) ("Reference Dealer Quotation") or (ii) the Reference Screen Rate, as specified in the relevant Final Terms.

  • Series A Redemption Price has the meaning set forth in Section 16.6(a).

  • Maximum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Optional Redemption Pricing Date means a Valuation Date on which a Redemption Order is determined to be valid and accepted by or on behalf of the Issuer in accordance with the terms of the LS Operating Procedures Agreement.