Distributable Amount definition

Distributable Amount has the meaning set forth in Section 5.02(d) hereof.

Distributable Amount means the vested balance in the applicable Account as determined under Article 4.

Distributable Amount means the vested balance in the Participant's Deferral Account and Company Contribution Account.

Examples of Distributable Amount in a sentence

• Notwithstanding the foregoing, the Servicer or any successor to the Servicer shall not be permitted to exercise such option if the amount to be distributed to Securityholders on the related Payment Date would be less than the Note Distributable Amount and Certificate Distributable Amount.

• For the avoidance of doubt, the Priority Principal Distributable Amount, Secondary Priority Principal Distributable Amount, Tertiary Priority Principal Distributable Amount, Quaternary Priority Principal Distributable Amount and Regular Principal Distributable Amount, or any portion thereof, shall not be due (other than in accordance with Sections 2.8(e)(i), 5.2 and 10.1), unless amounts are actually available to make such payments in accordance with Section 2.8(a).

• On or before each Payment Date, the Noteholders’ Distributable Amount with respect to the preceding Collection Period will be transferred from the Collection Account, and/or the Reserve Account to the Note Distribution Account as provided in Sections 5.04 and 5.05 of the Sale and Servicing Agreement.

• For the avoidance of doubt, the Note Monthly Principal Distributable Amount, or any portion thereof, shall not be due (other than in accordance with the first sentence of this Section 2.07(b), the subsequent sentence of this Section 2.07(b), Section 5.02 and Section 10.03 of this Indenture), unless amounts are actually available to make such payments in accordance with Section 5.04(b) of the Sale and Servicing Agreement.

• For purposes of calculating the amount of the Monthly Interest Distributable Amount for the Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls allocated to the Class C Interest pursuant to the paragraph above shall be allocated among the Class C Certificates on a pro rata basis based on one month’s interest.

More Definitions of Distributable Amount

Distributable Amount has the meaning set forth in Section 5.02(c) hereof.

Distributable Amount means the vested balance in a Participant’s Accounts subject to distribution in a given Plan Year.

Distributable Amount means the distributable amount as provided in Article 461, paragraph (2) of the Act;

Distributable Amount means the vested balance in the Participant's Accounts subject to distribution in a given Plan Year.

Distributable Amount means the vested balance in Participant’s Deferral Account and Company Contribution Account.

Distributable Amount means the balance of a Participant's Account at any given time.

Distributable Amount. See Section 6.3.