Net Available Funds definition

Net Available Funds means the amount defined as such in Section 5.2(c).

Net Available Funds. With respect to any Payment Date, the excess of (i) the Available Funds over the sum of (ii) the Indenture Trustee Fee, (iii) the Owner Trustee Fee and (iv) the Premium Amount.

Net Available Funds on any Payment Date means the Available Funds on deposit in the Payment Account on such Payment Date, less the Indenture Trustee's Fee and the Premium.

Examples of Net Available Funds in a sentence

• If the Offering is not fully subscribed, funds will be used for the priorities listed in the table below under Use of Net Available Funds.

• We verified the mathematical accuracy of the Increase in Net Available Funds without exception.

• Net Available Funds ------------------- As to any Distribution Date and either the Class AF Certificates and the Class A-IO-I Component or the Class AV-1 Certificates and the Class A-IO-II Component, the amount equal to Available Funds for such Class and related Payment Component, less the amounts required to be distributed on such Class or Classes and the related Payment Component on such Distribution Date pursuant to Section 4.02(a)(i)-(iii) or 4.02(b)(i)-(iii), respectively.

• On each Payment Date, the Trustee shall withdraw Net Available Funds [(and any amounts on deposit pursuant to claims under the Insurer's Policy)] from the Distribution Account and distribute such funds to the Noteholders [and the Insurer, as applicable,] in the following amounts and order of priority: ________________________________.

• We agreed the individual increases and decreases in Net Available Funds to the Corporation’s monthly Certifications to the Trustee and the Corporation’s general ledger activity, as applicable, for the period of June 21, 2005 through August 31, 2005 without exception.

More Definitions of Net Available Funds

Net Available Funds. With respect to each Payment Date, the excess of (A) the Available Funds for that Payment Date, over (B) the sum of (i) the payment of the Indenture Trustee Expense Amount, (ii) the payment of the Indenture Trustee Fee, (iii) the payment to the Owner Trustee of its fee for services rendered pursuant to the Trust Agreement, (iv) all Early Termination Fees (which are distributable only to the Class L Certificates), and (v) during the Managed Amortization Period, the amount of Principal Collections for that Payment Date applied to purchase additional Draws under the Mortgage Loans.

Net Available Funds means any Available Cash remaining in the Coldwater Segregated Fund after full and final satisfaction of the Term Loan Claims.

Net Available Funds. As to any Distribution Date, the amount equal to Available Funds less the amounts required to be distributed on such Distribution Date pursuant to Section 4.02(a)(i)-(iii).

Net Available Funds. With respect to each Payment Date, the excess of (A) the Available Funds for that Payment Date, over (B) the sum of (i) the payment of the Indenture Trustee Expense Amount, (ii) the payment to the Owner Trustee of its fee for services rendered pursuant to the Trust Agreement, (iii) all Early Termination Fees (which are distributable only to the Class P Certificates), and (iv) during the Managed Amortization Period, the amount of Principal Collections for that Payment Date applied to purchase additional draws under the Mortgage Loans.

Net Available Funds. As to any Distribution Date and either the Class A-1 or Class A-2 Certificates, the amount equal to Available Funds for such Class less the amounts required to be distributed on such Distribution Date pursuant to Section 4.02(a)(i)-(iii) or 4.02(b)(i)-(iii), respectively.

Net Available Funds means the Cash on hand of the Trust, excluding funds required for the payment of expenses of administration under this Plan or otherwise required to be reserved under the Plan.

Net Available Funds. With respect to any Payment Date, an amount equal to the Available Funds for the related Determination Date divided by 1.05.