Collateral Indebtedness Amount definition

Collateral Indebtedness Amount means, on any date of determination, an amount equal to (a) the Collateral Initial Indebtedness Amount, minus (b) the aggregate amount of principal payments made to the Collateral Indebtedness Holder on or prior to such date, minus (c) the amount of Collateral Subordinated Principal Collections allocated on all prior Distribution Dates pursuant to Sections 4.9(a) and 4.9(b), minus (d) an amount equal to the amount by which the Collateral Indebtedness Amount has been reduced on all prior Distribution Dates pursuant to Sections 4.7(a) and 4.7(b), plus (e) the sum of the Excess Spread and Shared Excess Finance Charge Collections allocated and available on all prior Distribution Dates for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c) and (d) and, without duplication, reductions of the Series Adjustment Amount allocable to the Collateral Indebtedness Interest pursuant to Section 4.7(f) prior to such date; but in no event shall the Collateral Indebtedness Amount be reduced below zero.

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Collateral Indebtedness Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Indebtedness Amount, minus (b) the aggregate amount of deposits made to the Cash Collateral Account pursuant to Section 4.05(e)(i), 4.05(f)(iii) and 4.05(g)(i) prior to such date, minus (c) an amount equal to the amount by which the Collateral Indebtedness Amount has been reduced on all prior Distribution Dates pursuant to Section 4.06, plus (d) the aggregate amount of Excess Finance Charges and Excess Spread allocated and available on all prior Distribution Dates pursuant to Section 4.07(h) for the purpose of reimbursing amounts deducted pursuant to the foregoing clause (c) and plus (e) if applicable, the amount of any increases in the Collateral Indebtedness Amount during the Funding Period pursuant to Section 4.13(f); provided, however, that the Collateral Indebtedness Amount may not be reduced below zero.

Collateral Indebtedness Amount means an amount equal to (a) the initial Collateral Indebtedness Amount, minus (b) the aggregate amount of deposits made to the Cash Collateral Account from Principal Collections, minus (c) the aggregate amount of Reallocated Principal Collections allocable to the Collateral Indebtedness Amount for all prior Distribution Dates which have been used to fund the Required Amount, minus (d) an amount equal to the aggregate amount by which the Collateral Indebtedness Amount has been reduced to fund the Investor Default Amount on all prior Distribution Dates as described under "-- Defaulted Receivables; Investor Charge-Offs", minus (e) an amount equal to the product of the Collateral Floating Percentage and the Investor Default Amount (the "Collateral Defaulted Amount") with respect to any Distribution Date that is not funded out of Available Funds [and Excess Finance Charges allocated to Series 199[ ]-[ ] and available for such purpose on such Distribution Date], and plus (f) the aggregate amount of Available Funds [and Excess Finance Charges] allocated and available to reimburse amounts deducted pursuant to the foregoing clauses (c), (d) and (e) provided, however, that the Collateral Indebtedness Amount may not be reduced below zero.]

Examples of Collateral Indebtedness Amount in a sentence

• The share of the Investor Monthly Servicing Fee allocable to the Collateral Indebtedness Holder with respect to any Distribution Date (the "Collateral Servicing Fee") shall be equal to the product of (a) one-twelfth (1/12th) of the Servicing Fee Percentage and (b) the Collateral Indebtedness Amount; provided, however, that with respect to the first Distribution Date, the Collateral Servicing Fee shall be equal to $28,000.

• The share of the Investor Monthly Servicing Fee allocable to the Collateral Indebtedness Holder with respect to any Distribution Date (the "Collateral Servicing Fee") shall be equal to one-twelfth of the product of (a) the Collateral Indebtedness Amount as of the last day of the second preceding Collection Period and (b) the Servicing Fee Percentage; provided, however, that with respect to the first Distribution Date, the Collateral Servicing Fee shall be equal to $[__________].

• The share of the Investor Monthly Servicing Fee allocable to the Collateral Indebtedness Holder with respect to any Distribution Date (the "Collateral Servicing Fee") shall be equal to the product of (a) one- ------------------------ twelfth (1/12th) of the Servicing Fee Percentage and (b) the Collateral Indebtedness Amount; provided, however, that with respect to the first Distribution Date, the Collateral Servicing Fee shall be equal to $32,000.

More Definitions of Collateral Indebtedness Amount

Collateral Indebtedness Amount means an amount equal to (a) the initial Collateral Indebtedness Amount, minus (b) the aggregate amount of deposits made to the Cash Collateral Account from Principal Collections, minus (c) the aggregate amount of Reallocated Principal Collections allocable to the Collateral Indebtedness Amount for all prior Distribution Dates which have been used to fund the Required Amount, minus (d) an amount equal to the aggregate amount by which the Collateral Indebtedness Amount has been reduced to fund the Investor Default Amount on all prior Distribution Dates as described under "-- Defaulted Receivables; Investor Charge-Offs", minus (e) an amount equal to the product of the Collateral