DISTRIBUTIONS TO NOTEHOLDERS Clause Samples

The "Distributions to Noteholders" clause defines how and when payments or distributions are made to individuals or entities holding notes under an agreement. Typically, this clause outlines the schedule, method, and priority of payments, such as interest or principal, to noteholders, and may specify the order in which different classes of noteholders receive funds. Its core practical function is to ensure transparency and predictability in the allocation of payments, thereby protecting the interests of noteholders and reducing the risk of disputes over payment timing or amounts.
DISTRIBUTIONS TO NOTEHOLDERS. Interest
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DISTRIBUTIONS TO NOTEHOLDERS. If a distribution is made to the Noteholders that because of this Article 10 should not have been made to such Noteholders, the Noteholders shall hold it in trust for the holders of Senior Indebtedness and pay it over to such holders of Senior Indebtedness as such holders' interests may appear.
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DISTRIBUTIONS TO NOTEHOLDERS. (A) Interest (i) Class A-1 Notes (a) Class A-1 Notes Interest Due $0.00 (b) Class A-1 Notes Interest Paid 0.00 (c) Class A-1 Notes Interest Shortfall $0.00 (ii) Class A-2 Notes (a) Class A-2 Notes Interest Due $0.00 (b) Class A-2 Notes Interest Paid 0.00 (c) Class A-2 Notes Interest Shortfall $0.00 (iii) Total Note Interest (a) Total Note Interest Due $0.00 (b) Total Note Interest Paid 0.00 (c) Total Note Interest Shortfall $0.00 (d) Reserve Account Withdrawal for Note Interest $0.00 Amount available for distributions after Fees & Interest $0.00 (B) Principal (i) Noteholders’ Principal Distribution Amounts $0.00
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DISTRIBUTIONS TO NOTEHOLDERS. As of __________, the distributions with respect to principal and interest are computed as the result of the following: A. With respect to Interest Payments on Series 1998-2 Notes: (1) The Series 1998-2 Note Rate: ____%, times (2) The outstanding principal amount of the Series 1998-2 Notes, times (3) The actual number of days in such Series 1998-2 Interest Period divided by 360: , plus (4) Any unpaid Series 1998-2 Shortfall (plus interest accrued thereon): $______. Series 1998-2 interest ((1) * (2) * (3)) + (4) = $_________ B. With respect to the Principal Payment on the Series 1998-2 Notes: On the Series 1998-2 Final Distribution Date (otherwise $0): $_______ C. The total amount distributed to the: Series 1998-2 Noteholders: (A + B): $______.
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DISTRIBUTIONS TO NOTEHOLDERS. As of ___________________, the distributions with respect to principal and interest are computed as the result of the following: A. With respect to Interest Payments on Series [ ]* Notes: (1) One-twelfth of % (the Class A-1 Note Rate): %, times (2) Class A-1 Invested Amount (less principal payments): $ . Series [ ]* Class A-1 Monthly Interest ((1) x (2)): $ : (3) One-twelfth of % (the Class A-2 Note Rate): %, times (4) Class A-2 Invested Amount (less principal payments): $ . Series [ ]* Class A-2 Monthly Interest ((3) x (4)): $ .***
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DISTRIBUTIONS TO NOTEHOLDERS. All distributions made on the ---------------------------- Notes on each Distribution Date will be made on a pro rata basis among the Noteholders of record on the next preceding Record Date based on the Principal Balance represented by their respective Notes, without preference or priority of any kind, and, except as otherwise provided in the next succeeding sentence, shall be made by wire transfer of immediately available funds to the account of each such Noteholder, if each such Noteholder shall own of record Notes in original Denominations aggregating at least $1,000,000 and shall have so notified the Indenture Trustee at least fifteen (15) days prior to the relevant payment date, and otherwise by check mailed to the address of each such Noteholder appearing in the Note Register. The final distribution on each Note will be made in like manner, but only upon presentment and surrender of such Note at the location specified in the notice to Noteholders of such final distribution.
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DISTRIBUTIONS TO NOTEHOLDERS. (a) On each Payment Date and on each other day specified in any Supplement for the payment of Carrying Costs to the holders of the Notes issued thereunder, the Paying Agent shall distribute, in respect of the period from the preceding Payment Date to (but excluding) the then-current Payment Date, to each Noteholder of record on the Report Date immediately prior to the then-current Payment Date such Noteholder's PRO RATA share (based on the aggregate amount of accrued and unpaid Carrying Costs owed to such Noteholder) of the amounts that (i) prior to the Liquidation Commencement Date, are allocated to the Carrying Cost Account with respect to accrued but unpaid interest and other Carrying Costs with respect to the Notes pursuant to CLAUSE FIRST of SECTION 4.02(e), and (ii) on and after the Liquidation Commencement Date, are on deposit in the Master Collection Account and allocated to accrued but unpaid interest and other Carrying Costs with respect to the Notes pursuant to CLAUSE FIRST of (and subject to the limitations of the penultimate paragraph of) SECTION 4.02(f). (i) On each Payment Date that occurs during a Pay-Out Period in which one or more Series of Fixed Principal Notes is being repaid or during the Liquidation Period (commenc ing with the first Payment Date falling after the Calculation Period during which the Pay-Out Period Commencement Date or Liquidation Period Commencement Date occurs), the Paying Agent shall distribute to each Noteholder of record of Fixed Principal Notes of such Series as of the Record Date in respect of such Payment Date such Noteholder's PRO RATA share (based on the respective aggregate Outstanding Principal Balances of the Fixed Principal Notes held by such Noteholder) of (A) in the case of Payment Dates that occur during a Pay-Out Period, the amounts on deposit in the Defeasance Account that are allocated to the Outstanding Principal Balance of the related Series pursuant to CLAUSE SECOND of SECTION 4.02(e) during the most recently ended Calculation Period, (B) in the case of Payment Dates that occur during the Liquidation Period, the amounts on deposit in the Master Collection Amount that are allocated to the Principal Payment Amount of the related Series pursuant to CLAUSE SECOND of (and subject to the limitations set forth in the penultimate paragraph of) SECTION 4.02(f) and (C) in the case of the first Payment Date on which such distributions are made in the Liquidation Period or any Pay-Out Period, in addition to ...
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DISTRIBUTIONS TO NOTEHOLDERS. 35 Section 5.02
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Related to DISTRIBUTIONS TO NOTEHOLDERS

  • Distributions to Certificateholders (a) The Trustee shall establish and maintain a separate account as set forth in Article I (the "Certificate Account"), the purpose of which is to accept deposits from the Servicer and to make distributions to the Certificateholders of the amounts set forth in this Section 4.1. (b) On each Distribution Date, the Trustee or the Paying Agent, if any, shall (i) withdraw from the Certificate Account the Available Distribution Amount for such Distribution Date and shall distribute to each Certificateholder, from the amount so withdrawn and to the extent of the Available Distribution Amount, such Certificateholder's share (based on the aggregate Percentage Interests represented by the Certificates of the applicable Class held by such Certificateholder) of the amounts and in the order of priority as set forth in the definition of "Certificate Distribution Amount", and (ii) distribute Excess Liquidation Proceeds to the Class R Certificateholder by wire transfer in immediately available funds for the account of the Certificateholder, or by any other means of payment acceptable to each Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.1 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register; provided, that if the Trustee has appointed a Certificate Administrator, such distributions in (i) and (ii) above shall be made in accordance with written statements received from the Certificate Administrator pursuant to Section 4.3. (c) All reductions in the Certificate Principal Balance of a Certificate effected by distributions of principal or allocations of Realized Losses with respect to Loans made on any Distribution Date shall be binding upon all Holders of such Certificate and of any Certificate issued upon the registration of transfer or exchange therefor or in lieu thereof, whether or not such distribution is noted on such Certificate. The final distribution of principal of each Certificate (and the final distribution with respect to the Class R Certificate upon termination of the Trust Fund) shall be payable in the manner provided above only upon presentation and surrender thereof on or after the Distribution Date therefor at the office or agency of the Trustee or Certificate Administrator, if any, specified in the notice delivered pursuant to Section 4.1(d) or Section 9.1. (d) Whenever, on the basis of Curtailments, Payoffs and Monthly Payments on the Loans and Insurance Proceeds and Liquidation Proceeds received and expected to be received during the applicable Prepayment Period, the Trustee believes, or the Certificate Administrator, if any, has notified the Trustee that it believes, that the entire remaining unpaid Class Principal Balance of any Class of Certificates will become distributable on the next Distribution Date, the Trustee or the Certificate Administrator, if any, shall, no later than the Determination Date of the month of such Distribution Date, mail or cause to be mailed to each Person in whose name a Certificate to be so retired is registered at the close of business on the Record Date, to the Underwriters and to each Rating Agency a notice to the effect that: (i) it is expected that funds sufficient to make such final distribution will be available in the Certificate Account on such Distribution Date, and (ii) if such funds are available, (A) such final distribution will be payable on such Distribution Date, but only upon presentation and surrender of such Certificate at the office or agency of the Certificate Registrar maintained for such purpose (the address of which shall be set forth in such notice), and (B) no interest shall accrue on such Certificate after such Distribution Date.

  • Trust Accounts Distributions Statements to Noteholders SECTION 5.1. Establishment of Trust Accounts...............................43 SECTION 5.2. Pre-Funding Period Reserve Account............................47 SECTION 5.3. Certain Reimbursements to the Servicer........................48 SECTION 5.4. Application of Collections....................................48 SECTION 5.5. Withdrawals from Series 1997-1 Spread Account.................48 SECTION 5.6. Additional Deposits...........................................49 SECTION 5.7. Distributions.................................................49 SECTION 5.8. Note Distribution Account.....................................52 SECTION 5.9. Pre-Funding Account...........................................53 SECTION 5.10. Statements to Noteholders....................................53 SECTION 5.11. Optional Deposits by the Insurer.............................54

  • Payments to Noteholders 8.1 Payments in respect of Current Issuer Notes: Each Paying Agent acting through its Specified Office shall make payments of interest and principal in respect of the Current Issuer Notes in accordance with the Current Issuer Conditions and so long as the Current Issuer Notes are evidenced by Global Note Certificates, the terms thereof, provided however, that: (a) no Paying Agent will make any payment of interest or principal in respect of any class of the Current Issuer Notes in an amount which is greater than the amount of interest or principal payable in accordance with the Current Issuer Conditions in respect of such class of Current Issuer Notes and notified to the Paying Agents in accordance with Clause 7.4 (Confirmation of Amounts Payable in respect of the Current Issuer Notes); (b) whilst the Current Issuer Notes of any class continue to be represented by Global Note Certificates, all payments of principal or interest (as the case may be) due in respect of such Current Issuer Notes will be payable to, or to the order of, DTC or its nominee or Euroclear, Clearstream Luxembourg or their nominee; (c) if any Note Certificate is presented or surrendered for payment to any Paying Agent and such Paying Agent has delivered a replacement therefor or has been notified that the same has been replaced, such Paying Agent shall as soon as is reasonably practicable notify the Current Issuer in writing of such presentation or surrender and shall not make payment against the same until it is so instructed by the Current Issuer and has received the amount to be so paid; (d) each Paying Agent shall cancel each Note Certificate against presentation and surrender of which it has made full payment and shall deliver each such Note Certificate so cancelled by it to the Registrar; (e) all payments in respect of the Current Issuer Notes will be distributed without deduction or withholding for any taxes, duties, assessments or other governmental charges of whatever nature except as and then only to the extent required by applicable law, in which case each Paying Agent shall be entitled to make such deduction or withholding from any payment which it makes hereunder. If any such deduction or withholding is required to be made, then neither the Current Issuer nor any other person will be obliged to pay any additional amounts in respect thereof; and (f) a Paying Agent shall not be obliged (but shall be entitled) to make payments of principal or interest if it has not received the full amount of any payment due to it under Clause 7 (Payments to the Paying Agents).

  • Distributions to Holders of Certificates Section 5.01.

  • Distributions to Members Section 9.1