Minimum Transferor Amount means (a) prior to the Certificate Trust Termination Date, the “Minimum Transferor Amount” under (and as defined in) the Pooling and Servicing Agreement and (b) on and after the Certificate Trust Termination Date, the “Minimum Transferor Amount” as defined in Annex A to the Indenture.
Minimum Transferor Amount means, on any date of determination, the product of the Aggregate Principal Receivables on such date and the Minimum Transferor Interest Percentage on such date.
Minimum Transferor Amount means, as of any date of determination, the sum of (a) the product of (i) the sum of (A) the aggregate Principal Receivables and (B) the amounts on deposit in the Excess Funding Account and (ii) the Required Retained Transferor Percentage plus (b) any additional amounts specified in the Supplement for any outstanding Series.
Examples of Minimum Transferor Amount in a sentence
The Additional Minimum Transferor Amount is hereby specified as an additional amount to be considered part of the Minimum Transferor Amount pursuant to clause (b) of the definition of Minimum Transferor Amount.
More Definitions of Minimum Transferor Amount
Minimum Transferor Amount means, as of any date of determination, the sum of (a) the product of (i) the Aggregate Principal Receivables and (ii) the Required Retained Transferor Percentage plus (b) any additional amounts specified in the Indenture Supplement for any outstanding Series.
Minimum Transferor Amount means the product of the Aggregate Adjusted Investor Amount and the Minimum Transferor Interest Percentage.
Minimum Transferor Amount means zero.
Minimum Transferor Amount means the product of (i) the Minimum Transferor Percentage and (ii) the sum of the Trust Principal Component for the preceding Collection Period plus the Excess Funding Amount plus the amount on deposit on any Series Accounts or other accounts specified in a Supplement as of the end of such Collection Period; provided, however, that the Transferor may reduce the Minimum Transferor Amount upon (w) delivery to the Trustee of a Tax Opinion with respect to such reduction, (x) 30 day's prior notice to the Trustee, each Rating Agency and any Enhancement Provider entitled to receive such notice pursuant to the relevant Supplement, (y) written confirmation from the Rating Agency that such reduction will not result in the reduction or withdrawal of the respective ratings of each Rating Agency for any Series outstanding and (z) delivery to the Trustee and each such Enhancement Provider of an Officer's Certificate stating that the Transferor reasonably believes that such reduction will not, based on the facts known to such officer at the time of such certification, then or thereafter cause an Early Amortization Event to occur with respect to any Series; provided further that the Minimum Transferor Amount shall not at any time be less than __% of the sum of the Trust Principal Component for the preceding Collection Period plus the Excess Funding Amount plus the amount on deposit on any Series Accounts or other accounts specified in a Supplement as of the end of such Collection Period.
Minimum Transferor Amount means, with respect to any date of determination, the product of the Minimum Transferor Percentage and the Aggregate Unadjusted Receivables Balance.
Minimum Transferor Amount means the product of (i) the Minimum Transferor Percentage and (ii) the sum of the Trust Principal Component as of the end of the preceding Collection Period plus the Excess Funding Amount as of the end of such Collection Period; PROVIDED, HOWEVER, that the Transferor may reduce the Minimum Transferor Amount upon (w) delivery to the Trustee of a Tax Opinion with respect to such reduction, (x) 30 days' prior notice to the Trustee, each Rating Agency and any Enhancement Provider entitled to receive such notice pursuant to the relevant Supplement, (y) written confirmation from the Rating Agency that such reduction will not result in the reduction or withdrawal of the respective ratings of each Rating Agency for any Series outstanding and (z) delivery to the Trustee and each such Enhancement Provider of an Officer's Certificate stating that the Transferor reasonably believes that such reduction will not, based on the facts known to such officer at the time of such certification, then or thereafter cause an Early Amortization Event to occur with respect to any Series.
Minimum Transferor Amount for Series 2010-1 shall mean zero.