Distribution of Monthly Excess Cashflow Amounts Sample Clauses

The 'Distribution of Monthly Excess Cashflow Amounts' clause defines how any surplus cash generated by a business or financial arrangement, after all required payments and obligations are met each month, will be allocated among the relevant parties. Typically, this clause outlines the order of priority for distributions, such as first to senior lenders, then to junior lenders, and finally to equity holders, or it may specify percentages or thresholds for each recipient. Its core practical function is to ensure transparency and fairness in the allocation of excess funds, reducing disputes and clarifying expectations among stakeholders regarding the handling of surplus cash.
Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (A) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; (B) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carry Forward Amount for each such Class for such Distribution Date; (C) concurrently, to the Classes of Senior Overcollateralized Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of Certificates; (D) to the Class T2-M-1 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (E) to the Class T2-M-1 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (F) to the Class T2-M-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (G) to the Class T2-M-2 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (H) to the Class T2-M-2 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (I) to the Class T2-M-2 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (J) to the Class T2-M-3 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (K) to the Class T2-M-3 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (L) to the Class T2-M-3 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (M) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (N) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (O) to the Class T2-M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (P) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (Q) to the Class T2-M-5 Certificates, any Interest Carry Forwar...
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Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: first, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; second, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carryforward Amount for each such Class for such Distribution Date;
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Distribution of Monthly Excess Cashflow Amounts. On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: first, concurrently, to the Classes of Senior Certificates entitled to distributions of interest, pro rata, any remaining Accrued Certificate Interest for each such Class for such Distribution Date; second, concurrently, to the Classes of Senior Certificates entitled to distributions of interest, pro rata, any Interest Carryforward Amount for each such Class for such Distribution Date; third, sequentially, to the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates, in that order, (i) first to pay any remaining Accrued Certificate Interest for such Classes for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for such Classes for such Distribution Date;
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Related to Distribution of Monthly Excess Cashflow Amounts

  • Allocation of Applied Realized Loss Amounts Any Applied Realized Loss Amounts shall be allocated by the Trustee to the most junior Class of Subordinated Certificates then Outstanding in reduction of the Class Certificate Balance thereof.

  • Excess Cash Borrower shall establish on the date hereof an Eligible Account with Lender or Lender’s agent into which Borrower shall deposit all Excess Cash on each Payment Date during the continuation of a Cash Sweep Period (the “Excess Cash Reserve Account”). Amounts so deposited shall hereinafter be referred to as the “

  • Excess Cash Flow In the event that there shall be Excess Cash Flow in excess of $2,500,000 for any Fiscal Year, the Borrower shall, not later than the tenth Business Day following the date that is ninety days after the end of such Fiscal Year, prepay the Loans in an aggregate amount equal to 50% (provided that (i) such prepayment percentage shall be 25% if, as of the last day of the most recently ended Fiscal Year, the Senior Secured Net Leverage Ratio (determined for any such period by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Senior Secured Net Leverage Ratio as of the last day of such Fiscal Year) shall be 1.80:1.00 or less and (ii) no such prepayment shall be required by this clause (e) if the foregoing Senior Secured Net Leverage Ratio as of the last day of such Fiscal Year shall be 1.30:1.00 or less) of the entire Excess Cash Flow for such Fiscal Year minus 100% of voluntary repayments of the Loans made during such Fiscal Year with Internally Generated Cash; provided, that, if at the time that any such prepayment would be required, the Borrower is required to repay or repurchase or to offer to repurchase or repay Senior Secured Debt permitted pursuant to Section 6.1 pursuant to the terms of the documentation governing such Indebtedness with all or a portion of such Excess Cash Flow (such Senior Secured Debt required to be repaid or repurchased or to be offered to be so repaid or repurchased, “Other Applicable ECF Indebtedness”), then the Borrower may apply such Excess Cash Flow on a pro rata basis to the prepayment of the Loans and to the repayment or re-purchase of Other Applicable ECF Indebtedness, and the amount of prepayment of the Loans that would have otherwise been required pursuant to this Section 2.10(e) shall be reduced accordingly (for purposes of this proviso pro rata basis shall be determined on the basis of the aggregate outstanding principal amount of the Loans and Other Applicable ECF Indebtedness at such time, with it being agreed that the portion of Excess Cash Flow allocated to the Other Applicable ECF Indebtedness shall not exceed the amount of such Excess Cash Flow required to be allocated to the Other Applicable ECF Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such net proceeds shall be allocated to the Loans in accordance with the terms hereof); provided further, that to the extent the holders of Other Applicable ECF Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount shall promptly (and in any event within ten Business Days after the date of such rejection) be applied to prepay the Loans in accordance with the terms hereof.

  • When Must Distributions from a ▇▇▇▇ ▇▇▇ Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.