Common use of Coverage of Required Amount Clause in Contracts

Coverage of Required Amount. On or before each Distribution Date, the Receivables Trustee (acting on the advice of the Servicer) shall determine the amount (the ‘‘Class A Required Amount’’), if any, by which the sum of:

Appears in 2 contracts

Sources: Receivables Trust Deed and Servicing Agreement (Turquoise Funding I LTD), Receivables Trust Deed and Servicing Agreement (Turquoise Funding I LTD)