Permitted Annual Distribution Amount

Example Definitions of "Permitted Annual Distribution Amount"
Permitted Annual Distribution Amount. Means, as of an Annual Distribution Date, an amount equal to (a) the amount then on deposit in the Collection Account minus (b) estimated operating expenses of the Borrower for the next twelve months as set forth in the Forecasted Cash Flow Statement minus (c) the greater of (I) 10% of the outstanding principal balance of all Loans as of such date and (II) an amount equal to three months of schedule principal and interest payments with respect to all Loans then outstanding (for purposes of such... calculation, assuming each Loan accrues interest at its applicable Weighted Effective Fixed Interest Rate) View More
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