Net Distributable Funds definition

Net Distributable Funds means the Settlement Fund minus the following: Administrative Costs (including the Administrative Costs Advance); any attorneys’ fees and costs for Settlement Class Counsel awarded by the Court; and any service awards for Plaintiffs awarded by the Court.
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Net Distributable Funds means the Settlement Fund minus Administrative Costs.
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Net Distributable Funds means, at any time, the amount by which the sum of (i) income and gains derived by the Trust from the Trust Assets and (ii) amounts received by the Trust from the Bank that are designated by the Bank as such, in each case that have not previously been distributed to holders of TD Capital Trust II Securities or the holder of the Special Trust Securities, exceeds expenses of the Trust and any reserve for expenses established by the Trust.
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Examples of Net Distributable Funds in a sentence

  • The Net Distributable Funds (i.e., the Settlement Fund minus the following: Administrative Costs; any attorneys’ fees and costs for Settlement Class Counsel awarded by the Court; and any service awards for Plaintiffs awarded by the Court) shall be distributed to the accountholders for Group A Accounts and Group B Valid Claimants, pursuant to the terms set forth in this Settlement Agreement, including the terms regarding the disbursement of residual funds.

  • The Net Distributable Funds (i.e., the Settlement Fund minus the following: Administrative Costs; any attorneys’ fees and costs for Settlement Class Counsel awarded by the Court; and any service awards for Plaintiffs awarded by the Court) shall be distributed to the Accountholders for Valid Claimants, pursuant to the terms set forth in this Settlement Agreement, including the terms regarding the disbursement of residual funds.


More Definitions of Net Distributable Funds

Net Distributable Funds. ’ means, at any time, the amount by which the sum of
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Net Distributable Funds means, at any time, the amount by which the sum of (i) income and gains derived by the Trust from the Trust Assets and
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Net Distributable Funds means, in respect of any Distribution Date, the amount determined by the Trust in the manner provided in section 5.1.
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Net Distributable Funds has the meaning set forth in Section 4.1.2.
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Net Distributable Funds means Net Operating Income less (i) debt service (including principal and interest and other amounts due and payable) payable to lenders in connection with loans to the Owner Entities and (ii) an amount equal to the Twelve Percent Return (the “Member Return”).
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Related to Net Distributable Funds

  • Available Funds With respect to any Distribution Date and the Mortgage Loans to the extent received by the Master Servicer (x) the sum of (i) all scheduled installments of interest (net of the related Expense Fees) and principal due on the Due Date on such Mortgage Loans in the related Due Period and received by the Servicer on or prior to the related Determination Date, together with any P&I Advances in respect thereof; (ii) all Condemnation Proceeds, Insurance Proceeds, Liquidation Proceeds and Subsequent Recoveries received by the Servicer during the related Prepayment Period (in each case, net of unreimbursed expenses incurred in connection with a liquidation or foreclosure and unreimbursed Advances, if any); (iii) all partial or full prepayments on the Mortgage Loans received by the Servicer during the related Prepayment Period together with all Compensating Interest paid by the Servicer in connection therewith (excluding any Prepayment Charges); (iv) all Substitution Adjustment Amounts with respect to the substitutions of Mortgage Loans that occur on or prior to the related Determination Date; (v) all amounts received with respect to such Distribution Date as the Repurchase Price in respect of a Mortgage Loan repurchased by the Mortgage Loan Seller or the Sponsor on or prior to the related Determination Date; and (vi) the proceeds with respect to the termination of the Trust Fund pursuant to clause (a) of Section 11.01; reduced by (y) amounts in reimbursement for Advances previously made with respect to the Mortgage Loans and other amounts as to which the Servicer, the Depositor, the Master Servicer, the Securities Administrator or the Trustee are entitled to be paid or reimbursed pursuant to this Agreement.