Overcollateralization Target Amount. With respect to any Distribution Date during the Revolving Period, 3.25% of the Initial Aggregate Receivables Principal Balance and (2) with respect to any Distribution Date during the Amortization Period, 4.75% of the Initial Aggregate Receivables Principal Balance.
Appears in 8 contracts
Sources: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2014-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2014-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2014-1)
Overcollateralization Target Amount. With respect to any Distribution Date during the Revolving Period, 3.250.75% of the Initial Aggregate Receivables Principal Balance and (2) with respect to any Distribution Date during the Amortization Period, 4.752.25% of the Initial Aggregate Receivables Principal Balance.
Appears in 6 contracts
Sources: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-4), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-3)
Overcollateralization Target Amount. (1) With respect to any Distribution Date during the Revolving Period, 3.250.75% of the Initial Aggregate Receivables Principal Balance and (2) with respect to any Distribution Date during the Amortization Period, 4.752.25% of the Initial Aggregate Receivables Principal Balance.
Appears in 2 contracts
Sources: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-1), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-1)