Collateral Distributions definition

Collateral Distributions shall have the meaning assigned in Section 8.5(a).
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Collateral Distributions means any monies at any time or from time to time received or receivable by PAG, under, in respect of, or pursuant to, the Collateral Document, howsoever denominated, documented or occurring, including Holdings Member Interest Distributions.
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Collateral Distributions shall have the meaning assigned in Section 8.5(a). 25.13 "Confirmation" shall have the meaning assigned in Section 2.1. 25.14 "Contractual Currency" shall have the meaning assigned in Section 16.1.
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Examples of Collateral Distributions in a sentence

  • The Borrowers and ACFS will (i) pay or cause to be paid to the Lender Collateral Agent all Asset Backed Security Distributions with respect to Asset Backed Securities constituting Revolver Collateral, (ii) pay or cause to be paid to the Master Collateral Agent all Shared Collateral Distributions and (iii) cause AFS Funding Trust to pay to the Master Collateral Agent (A) all amounts paid to it pursuant to the Spread Account Agreement and (B) all distributions in respect of the AFSFT Class A Certificate.

  • After all Events of Default have been cured, the Administrative Agent's right to retain Collateral Distributions under this Section 7 shall cease.

  • Any Collateral Distributions or other proceeds of any Enforcement Action obtained by Term Agent or any Term Lender prior to the time at which the Revolver Debt is Paid in Full shall be promptly paid or delivered to the Collateral Agent to be held and distributed by the Collateral Agent in accordance with this Agreement.

  • After the Senior Obligations are finally and indefeasibly paid in cash to Senior Creditor in full and until the Junior Obligations are finally and indefeasibly in cash to Junior Creditor in full, Junior Creditor shall be subrogated to the rights of Senior Creditor to receive Collateral Distributions applicable to the repayment of the Senior Obligations to the extent that Collateral Distributions otherwise payable to Junior Creditor have been applied to the payment of the Senior Obligations.

  • Provided that Party A may reduce any such Periodic Payment (without double counting) to account for any fees, costs, expenses, taxes and/or duties, including (without limitation) stamp duty, stamp duty reserve tax and/or other costs, fees, expenses, duties or taxes (including legal and other ancillary costs) incurred by Party A in connection with receipt of the Reference Obligation Collateral Distributions or in connection with such payment.

  • Upon the Discharge of ABL Obligations, ABL Agent shall deliver any remaining ABL Priority Collateral and proceeds thereof and Applicable ABL Priority Collateral Distributions held by it in the same form as received, with any necessary endorsements (such endorsements shall be without recourse and without any representation or warranty) to Note Security Agent, to be applied by Note Security Agent to the Note Obligations until the Discharge of Note Obligations shall have occurred.

  • Pass-Through Interest: If Maturity Date Extension is applicable, all amounts payable in respect of the Collateral Distributions, from and including the Scheduled Maturity Date, shall be paid as interest under the Notes no later than three (3) Business Days after the date on which the corresponding Collateral Distributions are received by the Issuer.

  • Upon the Discharge of Note Obligations, Note Security Agent shall deliver any remaining Note Priority Collateral and proceeds thereof and Applicable Note Priority Collateral Distributions held by it in the same form as received, with any necessary endorsements (such endorsements shall be without recourse and without any representation or warranty) to ABL Agent, to be applied by ABL Agent to the ABL Obligations in until the Discharge of ABL Obligations shall have occurred.


More Definitions of Collateral Distributions

Collateral Distributions means all amounts received in respect of the Charged Collateral whether by way of interest, principal, premium, dividend, return of capital or otherwise, and whether in cash or in kind standing to the credit of the Charged Securities Account or the Charged Custody Cash Account or (in respect of the Charged Loans) received directly into the accounts of the Chargor;
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Collateral Distributions shall have the meaning assigned in Section 8.5(a). 12."Confirmation" shall have the meaning assigned in Section 2.1.
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Collateral Distributions has the meaning set forth in Section 2.9(a)(iv).
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Collateral Distributions means all interest amounts received in respect of the Collateral, to the extent that such amounts have been effectively received by the Issuer during the period from (and including) the Scheduled Maturity Date to (and excluding) the earlier of (a) the date on which all of the Collateral has been redeemed in full and (b) the Final Maturity Date (each, a "Collateral Distribution Payment Date").
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Related to Collateral Distributions

  • Final Distributions means, with respect to the Certificates of any Trust on any Distribution Date, the sum of (x) the aggregate amount of all accrued and unpaid interest on such Certificates (excluding interest, if any, payable with respect to the Deposits relating to such Trust) and (y) the Pool Balance of such Certificates as of the immediately preceding Distribution Date (less the amount of the Deposits for such Class of Certificates as of such preceding Distribution Date other than any portion of such Deposits thereafter used to acquire Equipment Notes pursuant to the Note Purchase Agreement). For purposes of calculating Final Distributions with respect to the Certificates of any Trust, any Premium paid on the Equipment Notes held in such Trust which has not been distributed to the Certificateholders of such Trust (other than such Premium or a portion thereof applied to the payment of interest on the Certificates of such Trust or the reduction of the Pool Balance of such Trust) shall be added to the amount of such Final Distributions.

  • Special Distribution has the meaning set forth in Section 11.4.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Class Final Distribution Date means, as applicable, the Class A-1 Final Distribution Date, the Class A-2a Final Distribution Date, the Class A-2b Final Distribution Date, the Class A-3 Final Distribution Date, the Class A-4 Final Distribution Date, the Class B Final Distribution Date, the Class C Final Distribution Date or the Class D Final Distribution Date, as the context requires.

  • Final Distribution means any distribution made in redemption of all or a portion of the Up-MACRO Tradeable Shares pursuant to Section 5.2(b) on the earlier of the Final Scheduled Termination Date or an Early Termination Date.

  • Capital Distribution means, with respect to any Person, a payment made, liability incurred or other consideration given for the purchase, acquisition, repurchase, redemption or retirement of any Equity Interest of such Person or as a dividend, return of capital or other distribution in respect of any of such Person’s Equity Interests.

  • Special Distribution Date means, with respect to any Special Payment, the Business Day chosen by the Subordination Agent pursuant to Section 2.04(a) for the distribution of such Special Payment in accordance with this Agreement.

  • Initial Distribution means the distribution made to holders of Allowed Class C-4 Claims on the Distribution Date.

  • Class B Final Distribution Date means the August 16, 2021 Distribution Date.

  • Loan Group 1 Principal Distribution Amount With respect to any Distribution Date, that portion, if any, of the Principal Distribution Amount attributable to Loan Group 1.

  • Class C Final Distribution Date means the October 15, 2021 Distribution Date.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Calculated Principal Distribution As defined in Section 5.03(d).

  • Group III Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group III Senior Percentage of the Principal Payment Amount for Loan Group III, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group III, and (iii) the Group III Senior Liquidation Amount.

  • Class A-3 Final Distribution Date means the July 2029 Distribution Date.

  • Group II Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group II Senior Percentage of the Principal Payment Amount for Loan Group II, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group II, and (iii) the Group II Senior Liquidation Amount.

  • Final Distribution Date The Distribution Date on which the final distribution in respect of the Certificates is made pursuant to Section 9.01.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • Class A-4 Final Distribution Date means the April 2027 Distribution Date.

  • Cash Distributions means dividends, interest and other distributions and payments (including proceeds of liquidation, sale or other disposition) made or received in cash upon or with respect to any Collateral.

  • Group II Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group II Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Subordinated Principal Distribution Amount As to any Distribution Date and Loan Group, the sum of the following with respect to each Loan Group: (i) the Subordinated Percentage of the applicable Non-PO Percentage of all amounts described in subclauses (a) through (d) of clause (i) of the definition of Non-PO Formula Principal Amount with respect to such Loan Group and such Distribution Date, (ii) with respect to any Mortgage Loan in the related Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect thereto remaining after application thereof pursuant to clause (ii) of the definition of Senior Principal Distribution Amount for that Loan Group, up to the Subordinated Percentage of the applicable Non-PO Percentage of the Stated Principal Balance of such Mortgage Loan, and (iii) the Subordinated Prepayment Percentage of the applicable Non-PO Percentage of the amounts described in subclause (f) of clause (i) of the definition of Non-PO Formula Principal Amount with respect to that Loan Group for such Distribution Date, reduced by the amount of any payments in respect of Class PO Deferred Amounts for such Distribution Date; provided, however, that on any Distribution Date after a Senior Termination Date, the Subordinated Principal Distribution Amount will not be calculated by Loan Group but will equal the amount calculated pursuant to the formula set forth above based on the applicable Subordinated Percentage and Subordinated Prepayment Percentage for the Subordinated Certificates for such Distribution Date with respect to all of the Mortgage Loans as opposed to the Mortgage Loans only in the related Loan Group.

  • Group I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Residual Distribution Amount For any Distribution Date, with respect to the Class R-1 Residual Interest, any portion of the REMIC I Available Distribution Amount for Loan Group 1 and Loan Group 2 remaining after all distributions of the REMIC I Available Distribution Amount pursuant to clauses (a), (b) and (c) (other than the last subclause of clause (c)) of the definition of “REMIC I Distribution Amount”. For any Distribution Date, with respect to the Class R-2 Residual Interest, any portion of the REMIC II Available Distribution Amount remaining after all distributions of the REMIC II Available Distribution Amount pursuant to the definition of “REMIC II Distribution Amount” (other than the distribution pursuant to the last clause thereof). For any Distribution Date, with respect to the Class R-3 Residual Interest and for Loan Group 1 and Loan Group 2, any portion of the REMIC III Available Distribution Amount for Loan Group 1 and Loan Group 2, respectively, remaining after all distributions of such REMIC III Available Distribution Amount pursuant to clauses (I)(A), (I)(B), (I)(C), (II)(A) and (II)(B), as applicable, of the definition of “REMIC III Distribution Amount” (other than the distributions pursuant to the last subclause of clauses (I)(C), (II)(A) and (II)(B)). Upon termination of the obligations created by this Agreement and liquidation of REMIC I, REMIC II and REMIC III, the amounts which remain on deposit in the Certificate Account after payment to the Holders of the REMIC III Regular Interests of the amounts set forth in Section 9.01 of this Agreement, and subject to the conditions set forth therein, shall be distributed to the Class R-1, Class R-2 and Class R-3 Residual Interests in accordance with the preceding sentences of this definition as if the date of such distribution were a Distribution Date.

  • Class A-P Principal Distribution Amount As defined in Section 4.02.

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and