Monthly Principal Reallocation Amount definition

Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

Monthly Principal Reallocation Amount means with respect to any Monthly Period an amount equal to the sum of (A) the lower of (i) the excess of the Class A Note Interest Requirement over the Available Investor Finance Charge Collections allocated with respect thereto pursuant to subsection 4.9(a)(i) and (ii) the greater of (a) (x) the product of (I) 16% and (II) the Initial Investor Interest minus (y) the amount of unreimbursed Investor Charge-Offs (after giving effect to Investor Charge-Offs for the related Monthly Period) and unreimbursed Reallocated Principal Collections (as of the previous Distribution Date) and (b) zero; and (B) the lower of (i) the excess of the Class B Note Interest Requirement and the Net Investor Servicing Fee over the Available Investor Finance Charge Collections allocated with respect thereto pursuant to subsections 4.9(a)(i)and 4.9(a)(ii)and (ii) the greater of (a) the product of (I) 9% and (II) the Initial Investor Interest minus the amount of unreimbursed Investor Charge-Offs (after giving effect to Investor Charge-Offs for the related Monthly Period) and unreimbursed Reallocated Principal Collections as of the previous Distribution Date) and (b) zero.

Monthly Principal Reallocation Amount means, for any Transfer Date, an amount equal to the sum of:

Examples of Monthly Principal Reallocation Amount in a sentence

• On each Transfer Date, the Issuer shall apply Investor Principal Collections with respect to that Transfer Date, to fund any deficiency pursuant to and in the priority set forth in Sections 4.4(a)(i), (ii), (iii), (iv) and (v) (any such Investor Principal Collections so allocated, “Reallocated Principal Collections”); provided, that for any Monthly Period, Reallocated Principal Collections may not exceed the Monthly Principal Reallocation Amount for such Monthly Period.

• On each Transfer Date, the Issuer shall allocate Investor Principal Collections with respect to that Transfer Date, to fund any deficiency pursuant to and in the priority set forth in Sections 4.4(a)(i), (ii), (iii), (iv), (v) and (vi) on the related Payment Date (any such Investor Principal Collections so allocated, “Reallocated Principal Collections”); provided, that for any Monthly Period, Reallocated Principal Collections may not exceed the Monthly Principal Reallocation Amount for such Monthly Period.

• The Monthly Principal Reallocation Amount for the related Monthly Period $ — Advanta Bank Corp.

• The Monthly Principal Reallocation Amount for the related Monthly Period .............................

• The Monthly Principal Reallocation Amount for the related Monthly Period ..........................

More Definitions of Monthly Principal Reallocation Amount

Monthly Principal Reallocation Amount means, with respect to any Monthly Period, an amount equal to the Class A Reallocated Principal Amount for such Monthly Period.

Monthly Principal Reallocation Amount means, with respect to any Monthly Period, an amount equal to the sum of:

Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the lower of (i) the sum of the Class A Required Amount and the Servicing Fee Required Amount and (ii) the greater of (A)(x) the product of (I) 24.00% and (II) the Initial Collateral Amount minus (y) the amount of unreimbursed Investor Charge-Offs (after giving effect to Investor Charge-Offs for the related Distribution Date) and unreimbursed Reallocated Principal Collections (as of the previous Distribution Date) and (B) zero.

Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of: (a) the lesser of (i) the sum of Class A Required Amount and the Servicing Fee Required Amount and (ii) the excess, if any, of the Collateral Amount over the Class A Principal Balance on the related Distribution Date (after giving effect to Investor Charge-Offs for the related Monthly Period) and (b) the lesser of (i) the Class M Required Amount and (ii) the Collateral Amount over the sum of the Class A Principal Balance and the Class M Principal Balance on the related Distribution Date (after giving effect to Investor Charge-Offs for the related Monthly Period and unreimbursed Reallocated Principal Collections (as of the previous Payment Date and as required in clause (a) above for the current Monthly Period)).

Monthly Principal Reallocation Amount means, for any Monthly Period, an ------------------------------------- amount equal to the sum of:

Monthly Principal Reallocation Amount means, for any Collection Period, an amount equal to the lesser of (i) the excess of (x) the amount needed to make the payments described in Sections 4.05(a)(i) and (ii) over (y) the amount of Non-Principal Collections, Investment Proceeds and amounts withdrawn from the Reserve Account that are available to cover the payments described in Sections 4.05(a)(i) and (ii), and (ii) the excess, if any, of (x) the Outstanding Amount of the Class B Notes as of the related Payment Date (after giving effect to any reduction in principal on such Payment Date) over (y) the amount of unreimbursed Investor Charge-Offs after giving effect to Investor Charge-Offs for the related Collection Period.

Monthly Principal Reallocation Amount. For any Monthly Distribution Date, an amount equal to the sum of the amounts described in the following clauses (a) through (d):