Net Available Distribution Amount definition

Net Available Distribution Amount means, with respect to any Distribution Date, the Available Distribution Amount for such Distribution Date, reduced (to not less than zero) by the aggregate of the Class HAF Available Distribution Amount and Class SBC Available Distribution Amount for such Distribution Date.

Net Available Distribution Amount means, with respect to any Distribution Date, the excess of (x) the Available Distribution Amount for such Distribution Date over (y) the amounts described in clauses (i) and (ii) of Section 5.4(a) on such Distribution Date.

Net Available Distribution Amount. For each Payment Date and for each Class of Class A Notes, the related Total Available Funds on such Payment Date.

Examples of Net Available Distribution Amount in a sentence

• The Trustee shall calculate the Available Distribution Amount, the Net Available Distribution Amount and the Class IUU Available Distribution Amount for each Distribution Date and shall allocate such respective amounts among Certificateholders in accordance with this Agreement, and the Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Special Servicer or Master Servicer.

• CURRENT PERIOD INSURED PAYMENTS (A) Required Payments $1,579,188.62 (B) Net Available Distribution Amount $12,911,425.89 (C) Insured or Deficiency Amount (max(0,(A-B)) $0.00 (D) Preference Amount $0.00 (E) Insured Payments (C+D) $0.00 D.

• The Trustee shall calculate the Available Distribution Amount and the Subordinate Net Available Distribution Amount for each Distribution Date and shall allocate such respective amounts among Certificateholders in accordance with this Agreement, and the Trustee shall have no obligation to recompute, recalculate or verify any information provided to it by the Special Servicer or Master Servicer.

More Definitions of Net Available Distribution Amount

Net Available Distribution Amount. The Group II Total Available Funds.

Net Available Distribution Amount means, with respect to any Payment Date, the sum of (i) the Pool II Total Available Funds on such Payment Date minus (ii) the Indenture Trustee's Fee and the Premium Amount.

Net Available Distribution Amount. For each Payment Date and for each Class of Class A Securities, the related Total Available Funds on such Payment Date.

Net Available Distribution Amount means, with respect to any Distribution Date, the sum of (i) Available Funds (other than amounts deposited to the Certificate Account in error and Liquidation Proceeds from Receivables purchased by the Seller or the Servicer) net of amounts payable in respect of the Monthly Trustee's Fee and the Premium Amount in respect of such Distribution Date plus (ii) amounts withdrawn from the Reserve Account for deposit into the Certificate Account with respect to such Distribution Date.

Net Available Distribution Amount. With respect to any Distribution Date, the Available Distribution Amount for such Distribution Date, reduced (to not less than zero) by (i) the Class WFC Available Distribution Amount for such Distribution Date and (ii) the total amount of reimbursements to the Holder(s) of Class WFC Certificates on such Distribution Date pursuant to Section 4.01(m).

Net Available Distribution Amount means, with respect to any Payment Date,the sum of (i) the amount on deposit in the Certificate Account on such Payment Date minus the Trustee's Fee, and the Premium Amount.

Net Available Distribution Amount. With respect to any Distribution Date, the Available Distribution Amount for such Distribution Date, reduced (to not less than zero) by the Class FNB Available Distribution Amount for such Distribution Date.