Distributions of Excess Cashflow Clause Samples

Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be paid to the Classes of Certificates in the following order, in each case to the extent of remaining Excess Cashflow: (i) to the Classes of LIBOR Certificates then entitled to receive distributions in respect of principal, in an aggregate amount equal to the Extra Principal Distribution Amount for the Loan Group payable to the related Classes of Certificates as part of the applicable Principal Distribution Amount pursuant to Section 4.02(b) hereof; (ii) concurrently, to the Classes of Senior Certificates, pro rata based on the amount of Unpaid Realized Loss Amounts for each such Class, in each case in an amount equal to the Unpaid Realized Loss Amount for each such Class; provided, however, that any amounts allocable to the Class 2-A-2B Certificates will be allocated to the Class 2-A-2A Certificates, in an amount up to the Unpaid Realized Loss Amount for such Class; (iii) sequentially, to the Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, in each case first in an amount equal to any Interest Carry Forward Amount for such Class and then in an amount equal to the Unpaid Realized Loss Amount for such Class; (iv) to the Carryover Reserve Fund and then from the Carryover Reserve Fund, concurrently, to the Classes of LIBOR Certificates, pro rata based on their respective Class Certificate Balances to the extent needed to pay any unpaid Net Rate Carryover for each such Class; and then any Excess Cashflow remaining after such allocation to pay Net Rate Carryover based on Class Certificate Balances of the Certificates will be distributed to each Class of LIBOR Certificates with respect to which there remains any unpaid Net Rate Carryover, pro rata, based on the amount of such unpaid Net Rate Carryover; (v) to the Swap Account, in an amount equal to any Swap Termination Payment due to the Swap Counterparty as a result of a Swap Counterparty Trigger Event; (vi) to the Class C Certificateholders, an amount up to the Class C Distributable Amount for such Distribution Date; and (vii) to the Class A-R Certificates.
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Distributions of Excess Cashflow. With respect to any Distribution Date, the sum of (i) Excess Cashflow and (ii) the OC Release Amount, each for that Distribution Date, will be paid to the Classes of Certificates in the following order of priority, in each case to the extent of the amount remaining: (i) to the Classes of Offered Certificates then entitled to receive distributions in respect of principal, in an amount equal to the Extra Principal Distribution Amount, payable to such Classes of Certificates as part of the Principal Distribution Amount pursuant to Section 4.02(b) hereof; (ii) concurrently, to the Class A, Class M-1, Class M-2 and Class M-3 Certificates, pro rata, in an amount equal to any Interest Carry Forward Amount for each such Class not otherwise distributed to such Classes of Certificates pursuant to Section 4.02(a) hereof; (iii) sequentially, to the Class A, Class M-1, Class M-2 and Class M-3 Certificates, in that order, in an amount equal to the Unpaid Realized Loss Amount for each such Class; (iv) to the Carryover Reserve Fund and then from the Carryover Reserve Fund, sequentially, to the Class A, Class M-1, Class M-2 and Class M-3 Certificates, in that order, (in each case after application of amounts received under the Corridor Contract Novation Agreement to cover Net Rate Carryover and distributed pursuant to Section 4.02(d) hereof), to the extent needed to pay any unpaid Net Rate Carryover for each such Class; (v) to the Class C Certificateholders, an amount up to sum of (x) the Class C Distributable Amount for such Distribution Date and (y) the OC Release Amount remaining after application thereof to the distributions in clauses 4.02(c)(i) through 4.02(c)(iv) above; and (vi) to the Class A-R Certificates. For the avoidance of doubt, Section 4.02(c)(v) is intended to cause the Class C Certificates to receive from amounts remaining after the application of all other clauses of Section 4.02(c) preceding it, an amount up to the sum of the Class C Distributable Amount for that Distribution Date and any Class C Distributable Amounts remaining unpaid from prior Distribution Dates and the Trustee shall construe Section 4.02(c)(v) as necessary so as to accomplish such result.
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Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be paid to the Classes of Certificates in the following order of priority, in each case to the extent of remaining Excess Cashflow: (i) for each Distribution Date occurring (a) before the Stepdown Date or (b) on or after the Stepdown Date but for which a Trigger Event is in effect, then until the aggregate Class Certificate Balance of the certificates equals the Target Amount for that Distribution Date, in the following priority: (A) after giving effect to principal distributions on that Distribution Date (as described under clause 4.02(b) above), concurrently to the Classes of Senior Certificates, pro rata, in reduction of their respective Class Certificate Balances, until their respective Class Certificate Balances have been reduced to zero; and (B) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-▇, ▇▇▇▇▇ ▇-▇ and Class M-8 Certificates, in that order, until their respective Class Certificate Balance have been reduced to zero; (ii) for each Distribution Date occurring on or after the Stepdown Date and for which a Trigger Event is not in effect, in the following priority: (A) after giving effect to principal distributions on that Distribution Date (as described under Section 4.02(b) above), concurrently to the Classes of Senior Certificates, in each case in accordance with Section 4.02(b)(i) above, in reduction of their respective Class Certificate Balances, until the aggregate Class Certificate Balance of the Senior Certificates, after giving effect to distributions on that Distribution Date, equals the Senior Target Amount for that Distribution Date; (B) to the Class M-1 Certificates, in reduction of their Class Certificate Balances, until the aggregate Class Certificate Balance of the Senior Certificates and the Class M-1 Certificates, after giving effect to distributions made on that Distribution Date, equals the Class M-1 Target Amount for that Distribution Date; (C) to the Class M-2 Certificates, in reduction of their Class Certificate Balances, until the aggregate Class Certificate Balance of the Senior Certificates and the Class M-1 and Class M-2 Certificates, after giving effect to distributions made on that Distribution Date, equals the Class M-2 Target Amount for that Distribution Date; (D) to the Class M-3 Certificates, in reduction of their Class Certificate Balances, until the aggregate Class Certificate Balance of the Senior Certificates and t...
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Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be paid to the Classes of Certificates in the following order of priority, in each case to the extent of remaining Excess Cashflow:
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Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be distributed to the Classes of Certificates in the following order, in each case to the extent of remaining Excess Cashflow:
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Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be paid to the Classes of Certificates in the following order of priority, in each case to the extent of remaining Excess Cashflow: (i) to the Classes of Certificates then entitled to receive distributions in respect of principal, in an aggregate amount equal to the Extra Principal Distribution Amount payable to such Classes of Certificates as part of the Principal Distribution Amount pursuant to Section 4.02(b) hereof; (ii) concurrently, to the Class A-1, Class A-2 and Class A-3 Certificates, pro rata based on their respective entitlements, the Net Rate Carryover Amount for each such Class; (iii) sequentially, to the Class M-1, Class M-2, Class M-3, ▇▇▇▇▇ ▇-▇, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that order, the Net Rate Carryover Amount for each such Class; (iv) to the Class CP Certificates, the Class CP Distributable Amount for such Distribution Date; and (v) concurrently, to the Class R, Class RC and Class RX Certificates, pro rata.
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Related to Distributions of Excess Cashflow

  • Distributions of Available Cash from Capital Surplus Available Cash that is deemed to be Capital Surplus pursuant to the provisions of Section 6.3(a) shall be distributed, unless the provisions of Section 6.3 require otherwise, to the General Partner and the Unitholders, Pro Rata, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit distributions of Available Cash that are deemed to be Capital Surplus in an aggregate amount equal to the Initial Unit Price. Available Cash that is deemed to be Capital Surplus shall then be distributed (A) to the General Partner in accordance with its Percentage Interest and (B) to all Unitholders holding Common Units, Pro Rata, a percentage equal to 100% less the General Partner’s Percentage Interest, until there has been distributed in respect of each Common Unit then Outstanding an amount equal to the Cumulative Common Unit Arrearage. Thereafter, all Available Cash shall be distributed as if it were Operating Surplus and shall be distributed in accordance with Section 6.4.

  • Distributions of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed simultaneously to the Members in proportion to their relative Percentage Interests within forty-five days after the end of such quarter.

  • Distributions of Available Cash From Operating Surplus Available Cash that is deemed to be Operating Surplus pursuant to the provisions of Section 6.3 or Section 6.5 shall be distributed as follows, except as otherwise contemplated by Section 5.6(b) in respect of additional Partnership Interests issued pursuant thereto (including pursuant to Article V with respect to the Preferred Units): (a) First, 100% to the General Partner and the Unitholders, Pro Rata, until there has been distributed in respect of each Unit then Outstanding an amount equal to the Minimum Quarterly Distribution for such Quarter; (b) Second, 100% to the General Partner and the Unitholders, Pro Rata, until there has been distributed in respect of each Unit then Outstanding an amount equal to the excess of the First Target Distribution over the Minimum Quarterly Distribution for such Quarter; (c) Third, (i) to the General Partner in accordance with its Percentage Interest; (ii) 13% to the holders of the Incentive Distribution Rights, Pro Rata; and (iii) to all Unitholders, Pro Rata, a percentage equal to 100% less the sum of the percentages applicable to subclauses (i) and (ii) of this clause (c), until there has been distributed in respect of each Unit then Outstanding an amount equal to the excess of the Second Target Distribution over the First Target Distribution for such Quarter; (d) Fourth, (i) to the General Partner in accordance with its Percentage Interest; (ii) 23% to the holders of the Incentive Distribution Rights, Pro Rata; and (iii) to all Unitholders, Pro Rata, a percentage equal to 100% less the sum of the percentages applicable to subclauses (i) and (ii) of this clause (d), until there has been distributed in respect of each Unit then Outstanding an amount equal to the excess of the Third Target Distribution over the Second Target Distribution for such Quarter; and (e) Thereafter, (i) to the General Partner in accordance with its Percentage Interest; (ii) 48% to the holders of the Incentive Distribution Rights, Pro Rata; and (iii) to all Unitholders, Pro Rata, a percentage equal to 100% less the sum of the percentages applicable to subclauses (i) and (ii) of this clause (e); provided, however, if the Minimum Quarterly Distribution, the First Target Distribution, the Second Target Distribution and the Third Target Distribution have been reduced to zero pursuant to the second sentence of Section 6.6(a), the distribution of Available Cash that is deemed to be Operating Surplus with respect to any Quarter will be made solely in accordance with Section 6.4(e).

  • Distributions of Cash Flow Cash flow for each taxable year of the Company shall be distributed to the Member at such times and in such amounts as the Member shall determine.

  • 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 “