Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.
Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).
Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.
Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.
Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.
Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).
Pre-Funding Amount With respect to any date, the amount on deposit in the Pre-Funding Account.
Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.
Non-Administrator Ambulatory Surgical Facility means an Ambulatory Surgical Facility which does not meet the definition of an Administrator Ambulatory Surgical Facility.
Buydown Funds Any amount contributed by the seller of a Mortgaged Property, the Company or other source in order to enable the Mortgagor to reduce the payments required to be made from the Mortgagor's funds in the early years of a Mortgage Loan. Buydown Funds are not part of the Trust Fund prior to deposit into the Custodial or Certificate Account.
Interim Funder With respect to each MERS Designated Mortgage Loan, the Person named on the MERS System as the interim funder pursuant to the MERS Procedures Manual.
Investment Strategy is the processes and policies implemented by the Investment Manager for pursuing a particular investment objective managed by an Investment Team.
Original Pre-Funded Amount The amount deposited by the Depositor in the Pre-Funding Account on the Closing Date, which amount is $36,215,225.
Armada Funds entered into in the name or on behalf thereof by any of the Trustees, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, Shareholders or representatives of the Trust personally, but bind only the Trust Property, and all persons dealing with any class of shares of the Trust must look solely to the Trust Property belonging to such class for the enforcement of any claims against the Trust.
own funds means own funds as defined in point (118) of Article 4(1) of Regulation (EU) No 575/2013;
Investment Strategy Modification means with respect to an Investment Strategy, the Portfolio Administrator makes operational adjustments to the Investment Strategy to ensure that, so far as possible, the basic principles and economic effect of the Investment Strategy are maintained or any material modification to the Investment Strategy or its implementation by the Portfolio Administrator.
Buydown Fund A fund provided by the originator of a Mortgage Loan or another Person with respect to a Buydown Loan which provides an amount sufficient to subsidize regularly scheduled principal and interest payments due on such Buydown Loan for a period. Buydown Funds may be (i) funded at the par values of future payment subsidies, or (ii) funded in an amount less than the par values of future payment subsidies, and determined by discounting such par values in accordance with interest accruing on such amounts, in which event they will be deposited in an account bearing interest. Buydown Funds may be held in a separate Buydown Fund Account or may be held in a Custodial Account for P&I or a Custodial Account for Reserves and monitored by a Servicer.
Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.
Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.
Funder means Ontario Health;
Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.
Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.
Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.
Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the May 2023 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the November 2023 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.
Series Invested Amount means the Initial Invested Amount.
Sevicer Loan Address Zip Code: Rem Term: Occp Code: Appr Value: Note Date: Ceiling Lien City: Purpose: Prod Code: Curr CLTV: Prin Maturity Cr. Cr. 3561419 CA 300 14 $279,200.00 09/01/2000 2.00 45 356141900000000 11898 Crescent Drive 01 298 1 $349,000.00 06/01/2000 18.00 2 Grass Valley 95945 2 5.99 90 $34,471.39 06/01/2025 $34,900 716 3550802 CA 180 14 $252,700.00 09/02/2000 3.00 45 355080200000000 45 Cleo Court 01 178 1 $320,000.00 06/02/2000 18.00 2 Novato 94947 1 5.99 94 $46,472.83 06/02/2015 $48,000 753 3540894 CA 300 14 $204,000.00 12/02/2000 4.88 48 354089400000000 236 Center Avenue 01 298 1 $255,000.00 06/02/2000 18.00 2 Pacheco 94553 2 8.5 90 $24,348.15 06/02/2025 $25,000 636 3536787 CA 180 14 $144,000.00 09/02/2000 4.50 42 353678700000000 18714 Bainbury Street 02 178 1 $180,000.00 06/02/2000 18.00 2 Santa Clarita 91351 1 5.99 93 $21,525.92 06/02/2015 $22,500 659 3536734 CO 300 14 $112,408.00 09/02/2000 1.75 42 353673400000000 2065 Hooker Street 02 298 1 $165,000.00 06/02/2000 18.00 2 Denver 80211 2 5.99 80 $19,285.14 06/02/2025 $19,500 628 3551343 GA 180 09 $162,500.00 2.75 49 355134300000000 5097 Faversham Hil Drive 01 178 1 $203,185.00 06/02/2000 18.00 2 Suwanee 30024 1 12.25 100 $40,600.00 06/02/2015 $40,600 730 3538853 MA 180 14 $150,000.00 12/02/2000 4.00 45 353885300000000 21 Elaine Avenue 02 178 1 $200,000.00 06/02/2000 18.00 2 Peabody 01960 1 8.5 95 $39,508.76 06/02/2015 $40,000 641 3539868 FL 181 14 $78,068.00 12/02/2000 3.25 27 353986800000000 8527 Irving Road 02 179 1 $98,000.00 06/02/2000 18.00 2 Fort Myers 33912 1 8.5 93 $12,500.00 07/01/2015 $12,500 682 3535290 NJ 180 14 $336,000.00 12/02/2000 3.50 44 353529000000000 801 Westend Place 01 178 1 $420,000.00 06/02/2000 24.00 2 Cranford 07016 3 8.5 95 $63,000.00 06/02/2015 $63,000 687 3543538 WA 180 14 $320,000.00 09/02/2000 2.75 41 354353800000000 6957 N W Illich Road 01 178 1 $400,000.00 06/02/2000 18.00 2 Silverdale 98383 1 5.99 95 $22,007.38 06/02/2015 $60,000 814 3548385 NJ 300 14 $215,000.00 09/07/2000 2.25 42 354838500000000 2 Algonquin Terrace 02 298 1 $320,000.00 06/02/2000 18.00 2 Millstone 07726 2 5.99 75 $24,973.39 06/02/2025 $25,000 630 3551546 GA 180 09 $420,000.00 09/02/2000 3.75 44 355154600000000 1360 Creek Ridge Creek 01 178 1 $525,000.00 06/02/2000 18.00 2 Alpharetta 30005 1 5.99 95 $78,750.00 06/02/2015 $78,750 736 Page 187 of 318