Excess Spread Amount means, with respect to any Payment Date, the portion, if any, of Available Amounts for such Payment Date remaining after giving effect to the payments made pursuant to clauses (i) through (viii) under Section 8.3(a) of the Indenture with respect to any Payment Date prior to an Event of Default.
Excess Spread Amount means, with respect to a Distribution Date, the excess of the Spread Account Balance (after giving effect to all deposits to, and withdrawals from the Spread Account on such Distribution Date, other than withdrawals pursuant to Section 5.06(c)) over the Specified Spread Account Balance.
Excess Spread Amount shall have the meaning set forth in the applicable Indenture Supplement.
Examples of Excess Spread Amount in a sentence
With respect to Series 2007-CC, the “series excess spread” will generally mean the Excess Spread Amount for the DiscoverSeries notes.
With respect to Series 2007-CC, the “series excess spread” generally means the Excess Spread Amount for the DiscoverSeries notes.
Accordingly, the Group Excess Spread equals the Excess Spread Amount for the DiscoverSeries notes.
With respect to Series 2007-CC, the “series excess spread” will generally mean the Excess Spread Amount for the DiscoverSeries notes .
Accordingly, the Group Excess Spread equals the Excess Spread Amount for the DiscoverSeries notes .
More Definitions of Excess Spread Amount
Excess Spread Amount means, for the DiscoverSeries for any Distribution Date, the difference, whether positive or negative, between
Excess Spread Amount means, with respect to any Payment Date, the portion, if any, of Available Amounts for such Payment Date remaining after giving effect to the payments made pursuant to clauses (i) through (vii) under Section 8.3(a) of the Indenture with respect to any Payment Date prior to an Event of Default.
Excess Spread Amount means, with respect to any Monthly Period, the aggregate amount of Card Series Finance Charge Amounts (exclusive of any amounts to be treated as Card Series Finance Charge Amounts pursuant to Section 3.04(a)(v)) minus the sum of the amounts, without duplication, determined pursuant to Sections 3.01(a) through (g).
Excess Spread Amount. With respect to any Payment Date, the fraction, expressed as a percentage, equal to (x) (i) 12 multiplied by (ii) the sum of the Available Funds for the related Payment Date which remain on deposit in the Collection Account after taking into account the distributions listed in clauses (i) through (vii) of Section 8.7(d) of the Indenture with respect to such Payment Date divided by (y) the Pool Balance as of such Payment Date.
Excess Spread Amount. With respect to each Pool separately and with respect to any Payment Date, the fraction, expressed as a percentage, equal to (x) (i) 12 multiplied by (ii) the sum of the Available Funds with respect to the related Pool for the related Payment Date which remain on deposit in the Collection Account after taking into account the distributions listed in clauses (i) through (viii) of Section 8.7(d) of the Indenture with respect to such Pool and such Payment Date divided by (y) the related Pool Balance as of such Payment Date.
Excess Spread Amount means, as to any Distribution Date, the amount specified in subsection 4.09(a)(ix).
Excess Spread Amount means, with respect to any Payment Date, an amount equal to the excess of Expected Interest Collections with respect to the related Collection Period over (a) during the Revolving Period, amounts due on such Payment Date pursuant to clauses first through fifth and clauses seventh and eighth of Section 3.03(b)(i) or (b) on and after the Amortization Period Commencement Date, amounts due pursuant to clauses first through fourth and clauses seventh and eighth of Section 3.03(b)(ii); provided, that amounts due to be paid pursuant to clause seventh of Section 3.03(b)(i) and clause seventh of Section 3.03(b)(ii) that represent payments made by the Insurer under the Insurance Policy in respect of principal on the Class A Note shall not be included in clause (a) or clause (b) hereof, as applicable, in determining the Excess Spread Amount.