Principal Available Funds definition

Principal Available Funds means, in respect of any Calculation Date, the aggregate of:

Principal Available Funds means, in respect of each Payment Date, the aggregate of:

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

Examples of Principal Available Funds in a sentence

• On each Quarterly Calculation Date the Calculation Agent will calculate the amount of the Quarterly Interest Available Funds and the Principal Available Funds available or to be made available to the Issuer in the Transaction Account to satisfy its obligations under the Notes or, prior to the Mandatory Redemption Date to purchase New Loans, as the case may be.

• To the extent that Principal Available Funds and Monthly or Quarterly Interest Available Funds are insufficient to repay any principal or pay any Accrued Interest outstanding on any Class of Notes on the Final Redemption Date, any amount of the Principal Amount Outstanding of, and Accrued Interest on, such Notes in excess of the amount available for redemption or payment at such time, will cease to be payable by the Issuer.

• As from the first Quarterly Payment Date falling in February 2011 and on each Quarterly Payment Date thereafter until the Mandatory Amortisation Date and, in any event, prior to the issuance of an Enforcement Notice, the Issuer may, but is not obliged to, apply the Principal Available Funds (if any) in whole or in part in making the payments or provisions, in the order of priority as set out in, subject to and in accordance with the Principal Priority of Payments.

• However, the Issuer will be obliged to apply the amount of part A of the Principal Available Funds in excess of an amount in EUR equal to 10% of the Principal Amount Outstanding of the Notes on theClosing Date standing to the credit of the Transaction Account as at the immediately preceding Calculation Date, in making the payments or provisions, in the order of priority as set out in, subject to and in accordance with the Principal Priority of Payments.

• Following the Mandatory Amortisation Date As from the first Quarterly Payment Date falling on or, as the case may be, immediately following the Mandatory Amortisation Date and on each Quarterly Payment Date thereafter prior to the issuance of an Enforcement Notice, the Issuer will be obliged to apply the Principal Available Funds (if any) in making the payments or provisions in the order of priority set out in, subject to and in accordance with the Principal Priority of Payments.

More Definitions of Principal Available Funds

Principal Available Funds means, in respect of each Payment Date, the aggregate (without double counting) of:

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

Principal Available Funds means, in respect of any Calculation Date, the aggregate of:" 2. On page 182, under the definition of "Principal Available Funds" the point letter (e) shall be replaced as follows:

Principal Available Funds means: in respect of each Purchase Date which is not a Payment Date, the aggregate of:

Principal Available Funds means in respect of any Guarantor Payment Date, the aggregate of, without duplication:

Principal Available Funds means, with reference to each Guarantor Payment Date, the sum of: (a) any principal payment and any Interest Component of the Purchase Price received during the Collection Period immediately preceding such Guarantor Payment Date, (b) any amounts deriving from sale of the Public Assets, Integration Assets, Eligible Investments and Authorised Investments (without any double counting) received during the Collection Period immediately preceding such Guarantor Payment Date and (c) any principal amount received by the Covered Bond Guarantor as payments under the Swaps Agreements with the exception of any Delivery Amounts (as defined therein) on or prior to the relevant Guarantor Payment Date.

Principal Available Funds means in respect of any Guarantor Payment Date, the aggregate of: (j) all principal amounts collected by the Servicer in respect of the Cover Pool and credited to the Collection Account during the Collection Period preceding the relevant Guarantor Payment Date; (k) all other recoveries in the nature of principal collected by the Servicer and credited to the Collection Account during the Collection Period preceding the relevant Guarantor Payment Date; (l) all proceeds deriving from the sale, if any, of the Receivables during the Collection Period preceding the relevant Guarantor Payment Date; (m) without duplication with other items of this definition, all principal proceeds deriving from the liquidation of Eligible Investments during the Collection Period preceding the relevant Guarantor Payment Date; (n) any other principal amounts standing to the credit of the Accounts as of the immediately preceding Collection Date; (o) all amounts in respect of principal (if any) received under any Swap Agreement (other than the Swap Collateral); (p) any amounts to be transferred pursuant to item (vi) of the Pre-Issuer Event of Default Interest Priority of Payments; (q) any amounts (other than the amounts already allocated under other items of the Interest Available Funds or the Principal Available Funds) received by the Guarantor from any party to the Transaction Documents during the immediately preceding Collection Period; (r) principal amount recovered by the Guarantor from the Issuer after the enforcement of the Covered Bond Guarantee during the immediately preceding Collection Period; (s) any amount paid under the Subordinated Loan and not repaid, standing to the credit of the Collection Accounts.