Available Revenue Funds definition

Available Revenue Funds means on a Calculation Date an amount equal to the aggregate of (without double counting):

Available Revenue Funds means on a Calculation Date an amount equal to the aggregate of (without double counting): (i) the amount of Interest Receipts received during the previous calendar month; (ii) other net income of the CBC including all amounts of interest received on the CBC Transaction Accounts (excluding the Swap Cash Collateral Account (if any)) and the Substitution Assets in the preceding calendar month; (iii) all amounts in respect of interest received or to be received by the CBC under the Swap Agreements on the relevant CBC Payment Date (or in the CBC Payment Period immediately preceding the relevant CBC Payment Date but excluding the preceding CBC Payment Date) except for any payments in respect of interest received under the Swap Agreements (other than the Portfolio Swap Agreements) that have been applied towards payment of a Series of Covered Bonds (and, for the avoidance of doubt, excluding Swap Collateral Amounts); (iv) any amounts on the Reserve Account released in accordance with the Trust Deed; (v) any amounts received as Excess Proceeds in the CBC Payment Period immediately preceding the relevant CBC Payment Date to the extent such proceeds do not relate to principal; (vi) any amounts to the extent not relating to principal, reserved on the immediately preceding CBC Payment Date to the extent not applied towards payment of the relevant Series of Covered Bonds or the relevant Swap Agreement or a higher ranking item than payment of the relevant Series of Covered Bonds or the relevant Swap Agreement in the CBC Priority of Payments prior to the relevant CBC Payment Date; (vii) any Excess Swap Replacement Amounts as shall be standing to the credit of the Swap Replacement Ledger on the relevant CBC Payment Date; and (viii)any other amounts standing to the credit of the CBC Account, to the extent not relating to principal, not excluded by virtue of (i) to (vii) above; less (ix) on the first CBC Payment Date of each year, an amount equal to 10 per cent. of the annual fixed operational expenses of the CBC, with a minimum of euro 2,500. Back-up Administration Agreement means the back-up administration agreement entered into on the Programme Date between the CBC, the Back-up Administrator, the Administrator and the Security Trustee. Back-up Administration Rights means any and all present and future rights (vorderingen) of the CBC vis-à-vis the Administrator under or in connection with the Administration Agreement. Back-up Administrator means Intertrust Administrative ...

Available Revenue Funds means, as at a Determination Date, an amount equal to the aggregate of the Revenue Receipts standing to the credit of the Issuer Collection Account at 5:00 p.m. (London Time) on the Business Day preceding such Determination Date. The Issuer’s principal receipts (the “Principal Receipts”) will comprise:

Examples of Available Revenue Funds in a sentence

• Prior to the delivery of an Enforcement Notice, the Class X Notes will become subject to redemption upon redemption in full of all Notes, other than the Class X Notes, by applying the Available Revenue Funds to the extent available for such purposes at their respective Principal Amount Outstanding, on a pro rata and pari passu basis within such Class, subject to Condition 9(b) (Principal).

• Any outstanding balance in the Pre-Funding Revenue Reserve Ledger as at the Final Initial Additional Loan Purchase Date (taking into account any debits made on that ledger on such date) will be credited to the Revenue Ledger and shall be applied as Available Revenue Funds on the first Interest Payment Date.

• On each Interest Payment Date, the Available Revenue Funds may be withdrawn from the Transaction Account to make the payments, transfers and provisions, in the amounts calculated by the Cash Administrator to be required in accordance with the Pre-Enforcement Revenue Priority of Payments.

• Where the Swap Counterparty provides Swap Collateral in accordance with the terms of the Swap Agreement, such Swap Collateral (and any Swap Excluded Receivable Amounts arising from such Swap Collateral) will not form part of the Available Revenue Funds, but will instead be credited to the Swap Collateral Accounts in accordance with the arrangements providing for the payment of such Swap Collateral (and any Swap Excluded Receivable Amounts arising from such Swap Collateral).

• For the avoidance of doubt, any Swap Excluded Receivable Amounts will not form part of the Available Revenue Funds.

More Definitions of Available Revenue Funds

Available Revenue Funds means, on any Calculation Date, all amounts standing to the credit of the Interest Collection Account (including any interest on amounts standing to the credit of the Issuer Accounts and any interest paid in respect of the MFX Access Fee) and, with respect to any payments under the Interest Priority of Payments up to, and including, item 8 that amounts in the Interest Collection Account would otherwise be insufficient to meet, the Reserve Fund.

Available Revenue Funds. ’ means, as at a Determination Date, an amount equal to the aggregate of:

Available Revenue Funds means, on any Notes Calculation Date, the sum of the following amounts, calculated as at such Notes Calculation Date as being received or held by the Issuer during the Notes Calculation Period immediately preceding such Notes Calculation Date (items (i) up to and including (xii)) less (i) an amount equal to the higher of (A) EUR 3,500 and (B) 10 per cent. of the amount due and payable per annum by the Issuer to the Issuer Director, pursuant to item (a) of the Revenue Priority of Payments, representing taxable income for corporate income tax purposes in the Netherlands (the "Profit"), from which amount Dutch corporate income tax is paid and (ii) any NHG Return Amount (to the extent such amount relates to (a) item (ii) of the definition thereof and (b) interest) paid to Stichting WEW during the previous Notes Calculation Period:

Available Revenue Funds means an amount calculated by the Cash/Bond Administrator on a Determination Date, being the aggregate of the following amounts:

Available Revenue Funds means on any Distribution Date:

Available Revenue Funds means, in relation to a Calculation Period, the aggregate of:

Available Revenue Funds means all sums standing to the credit of the Issuer Revenue Account on any Note Payment Date (for the avoidance of doubt, excluding any Hedge Collateral, Hedge Replacement Premium or Hedge Tax Credit);