Accumulation Period Amount definition

Accumulation Period Amount means $41,666,666.67; provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement.

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Accumulation Period Amount means for each Monthly Period an amount equal to the product of (i) Available Expected Principal for such Monthly Period and (ii) a fraction, the numerator of which is the Initial Invested Amount and the denominator of which is the sum of (a) the Initial Invested Amount and (b) the initial invested amounts of all Variable Accumulation Series which are not in their revolving periods as of such Monthly Period; provided that, for purposes of this definition, the commencement date of the accumulation period of each Variable Accumulation Series shall be deemed to have been postponed to the latest permissible date, determined as if the provisions of Section 7.03 applied to each such Series (applying such provisions first to the Variable Accumulation Series with the latest expected final payment date and next to each Series with the next preceding expected final payment date); provided further, that a Variable Accumulation Series shall be deemed to be in its revolving period in each Monthly Period in which the sum of the expected controlled accumulation or amortization amounts for all subsequent monthly periods for such Series is equal to the initial invested amount of such Series.

Accumulation Period Amount means for each Monthly Period, an -------------------------- amount equal to the product of (i) Available Expected Principal for such Monthly Period and (ii) a fraction, the numerator of which is the Initial Invested Amount and the denominator of which is the sum of (a) the Initial Invested Amount and (b) the invested amounts of all other Variable Accumulation Series which are not scheduled to be in their revolving periods as of such Monthly Period; provided that, for purposes of this definition, the commencement date of -------- the accumulation period of each such Variable Accumulation Series shall be deemed to have been postponed to the latest permissible date, determined as if the provisions of Section 4.03(f) applied to each such Series with such changes as may be specified with respect to such Series (applying such provisions first to the Variable Accumulation Series with the latest expected final payment date and next to each Series with the next preceding expected final payment date).

Examples of Accumulation Period Amount in a sentence

• On each Determination Date, the Servicer will determine the "Accumulation Period Length" which will equal the number of months such that the Accumulation Period Amount for the Monthly Period immediately preceding the Expected Final Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Monthly Period, will equal or exceed the Initial Invested Amount.

• On each Determination Date, the Servicer will determine the "Class A Accumulation Period Length" which will equal the number of months such that the Class A Accumulation Period Amount for the Monthly Period immediately preceding the Class A Expected Final Payment Date, when aggregated with the Class A Accumulation Period Amounts for each preceding Monthly Period, will equal or exceed the Class A Initial Invested Amount.

• On the Determination Date with respect to the June 2002 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount.

• On each Determination Date, the Servicer shall determine the "Class A Accumulation Period Length," which shall equal the number of months such that the Class A Accumulation Period Amount for the Monthly Period immediately preceding the Class A Expected Final Payment Date, when aggregated with the Class A Accumulation Period Amounts for each preceding Monthly Period, shall equal or exceed the Class A Initial Invested Amount.

• On the Determination Date with respect to the August 2002 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount.

• On each Determination Date, the Servicer will determine the “Accumulation Period Length” which will equal the number of months such that the Accumulation Period Amount for the Monthly Period immediately preceding the Expected Final Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Monthly Period, will equal or exceed the Initial Invested Amount.

• On the Determination Date with respect to the October 2001 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount.

• On the Determination Date with respect to the September 1999 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount.

• On the Determination Date with respect to the October 2000 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount.

• On the Determination Date with respect to the ______________ Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount.

More Definitions of Accumulation Period Amount

Accumulation Period Amount means for each Monthly Period, an amount equal to the product of (a) Available Expected Principal for such Monthly Period and (b) a fraction, (i) the numerator of which is the Class A Initial Invested Amount plus, if applicable, the amount of any increases in the Class A Invested Amount during the Funding Period, and (ii) the denominator of which is the sum of (A) the Class A Initial Invested Amount plus, if applicable, the amount of any increases in the Class A Invested Amount during the Funding Period and (B) the invested amounts of all other Variable Accumulation Series which are not scheduled to be in their revolving periods as of such Monthly Period; provided that, for purposes of this definition, the commencement date of the accumulation period of each such Variable Accumulation Series shall be deemed to have been postponed to the latest permissible date, determined as if the provisions of Section 4.03(g) applied to each such Series with such changes as may be specified with respect to such Series (applying such provisions first 3 3

Accumulation Period Amount means for each Monthly Period, an

Accumulation Period Amount means, for each Monthly Period, an amount equal to the product of (a) Available Expected Principal for such Monthly Period and (b) a fraction, the numerator of which is the Accumulation Period Accreted Invested Amount and the denominator of which is the sum of (x) the Accumulation Period Accreted Invested Amount and (y) the initial invested amounts (or initial invested amounts adjusted as provided in the relevant Supplements) of all Variable Accumulation Series that are not in their revolving periods as of such Monthly Period; provided that, for purposes of this definition, the commencement date of the accumulation period of each Variable Accumulation Series shall be deemed to have been

Accumulation Period Amount means $59,090,909.09; provided, however, if the Accumulation Period Length is determined to be less than eleven (11) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, as modified by this Terms Document, the Accumulation Period Amount shall be the amount specified in the definition of “Accumulation Period Amount” in the Indenture Supplement; provided further, however, that solely with respect to the Class A(2009-1) Notes, wherever the word “twelve (12)” appears in the definition of “Accumulation Period Amount” in the Indenture Supplement, it shall be replaced with the word “eleven (11)”.

Accumulation Period Amount means, for any Tranche of Notes for each Monthly Period, an amount equal to the product of (i) Available Expected Principal for such Monthly Period and (ii) a fraction, the numerator of which is the highest Outstanding Dollar Principal Amount of such Tranche of Notes since the issuance of such Tranche and the denominator of which is the sum of (a) the aggregate highest Outstanding Dollar Principal Amount of all Outstanding Tranches of Notes and (b) the invested amounts of all Variable Accumulation Series of investor certificates issued by the Master Trust which are not scheduled to be in their revolving periods as of such Monthly Period; provided that, for purposes of this definition, the commencement date of the accumulation period of each such Variable Accumulation Series shall be deemed to have been postponed to the latest permissible date, determined as if the provisions of Section 3.10(b)(ii) applied to each such Series of investor certificates with such changes as may be specified with respect to such Series of investor certificates (applying such provisions first to the Variable Accumulation Series with the latest expected final payment date and next to each Series of investor certificates with the next preceding expected final payment date).