Trust Property Then Available For Distribution definition

Trust Property Then Available For Distribution as of any distribution date shall be determined by the Trustee in advance of each distribution date by subtracting the Expense Reserve from the then available Trust Proceeds. The Trustee may withhold from amounts distributable to any person any and all amounts, determined in the Trustee’s reasonable sole discretion (based on advice of counsel or accountants, as applicable), required by any law, regulation, rule, ruling, directive, or other governmental requirement.
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Examples of Trust Property Then Available For Distribution in a sentence

  • The Trustee shall prosecute, settle, or otherwise resolve the Anadarko Litigation, subject to the provisions of Section 4(c), timely distribute any Trust Property Then Available For Distribution in accordance with the terms set forth herein, and not unduly prolong the duration of the Litigation Trust.

  • Subject to Section 9.3, the Trustee shall distribute to each OpCo Litigation Trust Beneficiary its Pro Rata share of the OpCo Trust Property Then Available For Distribution.

  • The Trustee shall distribute to each HoldCo Litigation Trust Beneficiary its Pro Rata share of the HoldCo Trust Property Then Available For Distribution.

  • The Trustee shall distribute to each OpCo Litigation Trust Beneficiary its Pro Rata share of the OpCo Trust Property Then Available For Distribution.

  • Subject to Section 9.3, the Trustee shall distribute to each HoldCo Litigation Trust Beneficiary its Pro Rata share of the HoldCo Trust Property Then Available For Distribution.

Related to Trust Property Then Available For Distribution

  • Cash Available for Distribution means the Available Cash other than Net Sales Proceeds.

  • Cash Flow Available for Debt Service for any period, means (i) Cash Flow received during such period minus (ii) (A) all O&M Costs paid during such period and (B) if an Equity Cure has been made in any fiscal quarter during the period for which Cash Flow Available for Debt Service is calculated, the lesser of the aggregate amount of (x) such Equity Cure during such period and (y) the aggregate amount of cash distributions paid by the Company during such period.

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • REMIC I Available Distribution Amount For each Loan Group for any Distribution Date, the sum of the following amounts with respect to the Mortgage Loans in such Loan Group:

  • Class B Available Funds means, with respect to any Monthly Period, an amount equal to the sum of (a) the Class B Floating Percentage of the Reallocated Investor Finance Charge Collections and (b) if such Monthly Period relates to a Distribution Date with respect to the Controlled Accumulation Period, the Class B Floating Percentage of the Principal Funding Account Investment Proceeds, if any, with respect to such Distribution Date.