Issuer Available Funds definition

Issuer Available Funds means an amount calculated on each Issuer Determination Date, without double counting:

Issuer Available Funds means, in respect of any Payment Date, the aggregate of:

Issuer Available Funds means (i) as of each Calculation Date prior to the service of an Issuer Acceleration Notice, the aggregate of all Interest Available Funds and all Principal Available Funds and (ii) as of each Calculation Date following the service of an Issuer Acceleration Notice, the aggregate of the amounts received or recovered by or on behalf of the Issuer or the Representative of the Noteholders in respect of the Claims, the Note Security and the Issuer’s Rights under the Transaction Documents (but excluding the Collateral (if any)).

Examples of Issuer Available Funds in a sentence

• It remains understood that all payments shall be made out of the Issuer Available Funds in accordance with the Pre-Acceleration Priority of Payments, while the Single Portfolio Available Funds shall be applied in accordance with the Single Portfolio Priority of Payments only to register, for Originators’ accounting purposes, the actual contribution of the BPB Portfolio or the CRO Portfolio, as the case may be, to such payments.

• The Noteholders and the Other Issuer Creditors have a claim against the Issuer only to the extent of the Issuer Available Funds in each case subject to and as provided in the Intercreditor Agreement and the other Transaction Documents.

• Pursuant to the Intercreditor Agreement, the Issuer and the Other Issuer Creditors have agreed, inter alia, to apply the Issuer Available Funds in accordance with the applicable Priority of Payments and the circumstances in which the Representative of the Noteholders will be entitled to exercise certain rights in relation to the Portfolio.

• Under the Intercreditor Agreement provision is made as to the application of the proceeds from collections in respect of the Portfolio and as to the circumstances in which the Representative of the Noteholders will be entitled to exercise certain rights in relation to the Portfolio.In the Intercreditor Agreement the Other Issuer Creditors have agreed, inter alia, to the order of priority of payments to be made out of the Issuer Available Funds.

• According to the above, the Residual Optional Instalment, even if assigned to the Issuer, should not be considered as collateral backing the Notes for the purpose of the Securitisation, as the cash-flows generated thereunder are not part of the Issuer Available Funds and must be returned to the Originator outside of the applicable Priority of Payments.

More Definitions of Issuer Available Funds

Issuer Available Funds means, in respect of any Payment Date, the aggregate of the Interest Available Funds and the Principal Available Funds.

Issuer Available Funds means, on any Payment Date, the aggregate of:

Issuer Available Funds means the BPB Available Funds and/or the CRO Available Funds and/or the Available Funds (as the context requires). AVAILABLE FUNDS Means, in respect of each Payment Date, on which the Acceleration Orderof Priority applies, the aggregate of:

Issuer Available Funds means, in respect of any Loan Interest Payment Date and the immediately following Bond Interest Payment Date, the aggregate of:

Issuer Available Funds means, with reference to each Interest Payment Date, the amount calculated as at the relevant Calculation Date, being the sum of:

Issuer Available Funds means, on each Calculation Date and in respect of the immediately following Interest Payment Date, an amount equal to the sum of:

Issuer Available Funds means, together, the Interest Available Funds and the Principal Available Funds. For the avoidance of doubt, following the delivery of a Trigger Notice, the Issuer Available Funds, in respect of any Payment Date, shall also comprise any other amount standing to the credit of the Accounts.