Fleet Equity Amount definition
Fleet Equity Amount means, on any date of determination, the amount, if any, by which the sum of (a) the Aggregate Asset Amount on such date and (b) the amount of cash and Permitted Investments on deposit in the (i) Class A Reserve Account, (ii) the Class B Reserve Account, (iii) the Class A Non-Ford Cash Collateral Account, (iv) the Class B Non-Ford Cash Collateral Account, (v) the Series 2005-1 Excess Collection Account after the required application of such funds in accordance with the priorities set forth in clauses (i) through (v) of Section 2.2(f) of this Series Supplement as of such date, (vi) the Series 2005-1 Collection Account and available for reduction of the Series 2005-1 Principal Amount as of such date, (vii) any Series-Specific Excess Collection Account (other than the Series 2005-1 Excess Collection Account) after the required application of such funds in accordance with the priorities set forth in the provisions of the related Series Supplement governing the distribution of amounts on deposit in such Series-Specific Excess Collection Account, other than amounts that are permitted to be released to HVF, (viii) any Series-Specific Collection Account (other than the Series 2005-1 Collection Account) and available for reduction of the Principal Amount with respect to the related Series as of such date and (ix) any other Eligible Series Enhancement Account exceeds the aggregate Principal Amount of each Outstanding Series of Notes on such date.
Fleet Equity Amount has the meaning specified in the Ford Letter of Credit Facility Agreement.
Fleet Equity Amount means, on any date of determination, the amount, if any, by which the sum of (a) the Aggregate Asset Amount on such date and (b) the amount of cash and Permitted Investments on deposit in the (i) Series 2004-1 Reserve Account, (ii) the Series 2004-1 Non-Ford Cash Collateral Account, (iii) the Series 2004-1 Excess Collection Account after the required application of such funds in accordance with the priorities set forth in clauses (i) through (iv) of Section 2.2(f) of this Series Supplement as of such date, (vi) the Series 2004-1 Collection Account and available for reduction of the Series 2004-1 Principal Amount as of such date, (vii) any Series-Specific Excess Collection Account (other than the Series 2004-1 Excess Collection Account) after the required application of such funds in accordance with the priorities set forth in the provisions of the related Series Supplement governing the distribution of amounts on deposit in such Series-Specific Excess Collection Account, other than amounts that are permitted to be released to HVF, (viii) any Series-Specific Collection Account (other than the Series 2004-1 Collection Account) and available for reduction of the Principal Amount with respect to the related Series as of such date and (ix) any other Eligible Series Enhancement Account exceeds the aggregate Principal Amount of each Outstanding Series of Notes on such date.
Examples of Fleet Equity Amount in a sentence
No amounts will be distributed to HVF pursuant to any provision of the Indenture if, after giving effect to that distribution, the Fleet Equity Amount would be less than the Required Minimum Fleet Equity Amount.
More Definitions of Fleet Equity Amount
Fleet Equity Amount means, on any date of determination, the amount, if any, by which the sum of (a) the Aggregate Asset Amount on such date and (b) the amount of cash and Permitted Investments on deposit in (i) any Series-Specific Excess Collection Account after the required application of such funds in accordance with the priorities set forth in the provisions of the related Series Supplement governing the distribution of amounts on deposit in such Series-Specific Excess Collection Account, other than amounts that are permitted to be released to HVF, (ii) any Series-Specific Collection Account and available for reduction of the Principal Amount with respect to the related Series as of such date and (iii) any other Eligible Series Enhancement Account exceeds the aggregate Principal Amount of each Outstanding Series of Notes on such date.
Fleet Equity Amount means, on any date of determination, the amount, if any, by which the sum of (a) the Aggregate Asset Amount on such date and (b) the amount of cash and Permitted Investments on deposit in the (i) Class A Reserve Account, (ii) the Class B Reserve Account, (iii) the Class A Non-Ford Cash Collateral Account, (iv) the Class B Non-Ford Cash Collateral Account, (v) the Series 2005-4 Excess Collection Account after the required application of such funds in accordance with the
Fleet Equity Amount means, on any date of determination, the amount, if any, by which the sum of (a) the Aggregate Asset Amount on such date and (b) the amount of cash and Permitted Investments on deposit in the (i) Class A Reserve Account, (ii) the Class B Reserve Account, (iii) the Class A Non-Ford Cash Collateral Account, (iv) the Class B Non-Ford Cash Collateral Account, (v) the Series 2005-2 Excess Collection Account after the required application of such funds in accordance with the priorities set forth in clauses (i) through (v) of Section 2.2(f) of this Series Supplement as of such date, (vi) the Series 2005-2 Collection Account and available for reduction of the Series 2005-2 Principal Amount as of such date, (vii) any Series-Specific Excess Collection Account (other than the Series 2005-2 Excess Collection Account) after the required application of such funds in accordance with the priorities set forth in the provisions of the related Series Supplement governing the distribution of amounts on deposit in such Series-Specific Excess Collection Account, other than amounts that are permitted to be released to HVF, (viii) any Series-Specific Collection Account (other than the Series 2005-2 Collection Account) and available for reduction of the Principal