Class A-11 Reserve Amount definition
Class A-11 Reserve Amount. For each of the first eleven Distribution Dates, an amount equal to the product of (i) the Class Certificate Balance of the Class A-11 Certificates on the day immediately preceding each such Distribution Date and (ii) one-twelfth of 0.50%. For the Distribution Date occurring in October 1999, all amounts remaining in the Class A-11 Reserve Fund. For each other Distribution Date, zero.
Examples of Class A-11 Reserve Amount in a sentence
On each of the first twelve Distribution Dates, the Trustee shall withdraw from the Class A-11 Reserve Fund and deposit into the Distribution Account the Class A-11 Reserve Amount.