Final Monthly Distribution definition

Final Monthly Distribution means the distribution of all remaining Asset Proceeds (other than applicable reserves in the Working Capital Reserve) in accordance with the applicable terms of the LLC Operating Agreement and the Custodial and Paying Agency Agreement after liquidation of all of the Assets and related Collateral (including Acquired REO Property) pursuant to Section 9.2 of the LLC Operating Agreement.
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Final Monthly Distribution has the meaning ascribed thereto in Section 2.1(a)(v);
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Examples of Final Monthly Distribution in a sentence

  • On September 1, 2011, ICBC filed its Regional Claim Centres Work Effort Study, including a detailed work effort study relating to the Regional Claim Centres Allocation and an Independent Third Party Report.

  • In connection with the Final Monthly Distribution, the Working Capital Reserve Target will be the amount determined by the Manager as the applicable amount to be maintained in the Working Capital Reserve pursuant to Section 9.2, and any excess amounts in the Working Capital Reserve will, prior to such Final Monthly Distribution, be transferred to the Collection Account pursuant to Section 3.6 of the Custodial and Paying Agency Agreement.

  • Following the Final Monthly Distribution and continuing until the release of all remaining funds in the Working Capital Reserve and completion of the Final Distribution (if any), the Manager will, in connection with each Monthly Report (as the same may be adjusted for purposes of such period), set forth therein the applicable remaining amount in the Working Capital Reserve, and all distributions and payments made from the Working Capital Reserve.

  • Each Monthly Report prepared and delivered by the Manager must also include a certification of the Manager that all withdrawals by the Manager from the Collection Account (or, following the Final Monthly Distribution, the Working Capital Reserve) during such Due Period were made in accordance with the terms of the LLC Operating Agreement and the Custodial and Paying Agency Agreement.

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  • Notwithstanding anything to the contrary contained in this Annex II, for any period following the Final Monthly Distribution, the Initial Member, in its sole discretion, can waive any or all of the annual, semi-annual and quarterly reporting under Section 2(a), Section 2(b), Section 3(c) and Section 3(d) pursuant to such terms and conditions that may be established by the Initial Member.

Related to Final Monthly Distribution

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Distribution Date.

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

  • Regular Distribution Date Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.