Borrower Surplus definition
Borrower Surplus means in respect of any Payment Date, any amount by which the amount standing to the credit of the Revenue Ledger exceeds the aggregate amount due under the Issuer/Borrower Loan Agreement.
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Related to Borrower Surplus
Reserve Account Surplus means, as of any Transfer Date following the Reserve Account Funding Date, the amount, if any, by which the amount on deposit in the Reserve Account exceeds the Required Reserve Account Amount.
Capital Surplus has the meaning assigned to such term in Section 6.3(a).
Operating Surplus means, with respect to any period ending prior to the Liquidation Date, on a cumulative basis and without duplication,
Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.
Working Capital Surplus means the amount by which the Working Capital is greater than the Target Working Capital Amount.