Nominal Liquidation Amount Deficit definition

Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

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Nominal Liquidation Amount Deficit means, (a) with respect to any tranche of Notes (other than any RSP Notes), the excess of the Adjusted Outstanding Dollar Principal Amount of that tranche over the Nominal Liquidation Amount of that tranche, and (b) with respect to any tranche of RSP Notes, zero.

Nominal Liquidation Amount Deficit has, with respect to any Series, Class or Tranche of Notes, the meaning specified in the applicable Indenture Supplement for such Series, Class or Tranche of Notes.

Examples of Nominal Liquidation Amount Deficit in a sentence

• For each Tranche of Class B Notes, the Class B Usage of Class C Notes shall increase, and the Class B Available Subordinated Amount of Class C Notes shall decrease (each determined after giving effect to step (22) of this Subordination Waterfall)), by an amount equal to the Nominal Liquidation Amount Deficit for such Tranche reallocated from such Tranche to each Tranche of Class C Notes pursuant to step (47) of the Cash Flows.

• For each Tranche of Class C Notes, the Class C Usage of Class D Notes shall increase, and the Class C Available Subordinated Amount of Class D shall decrease (each determined after giving effect to step (24) of this Subordination Waterfall), by an amount equal to the Nominal Liquidation Amount Deficit for such Tranche reallocated from such Tranche to each Tranche of Class D Notes pursuant to step (48) of the Cash Flows.

• For each Tranche of Class B Notes, the Class B Usage of Class D Notes shall increase, and the Class B Available Subordinated Amount of Class D Notes shall decrease (each determined after giving effect to step (21) of this Subordination Waterfall), by an amount equal to the Nominal Liquidation Amount Deficit for such Tranche reallocated from such Tranche to each Tranche of Class D Notes pursuant to step (46) of the Cash Flows.

• Allocations of Reimbursements of Nominal Liquidation Amount Deficit and Overcollateralization Amount Deficit....14 SECTION 3.05.

• Finance Charge Amounts) shall be treated as Series Principal Amounts (to be added to the Series Principal Amounts after step (24) (Reimbursement of Class A Nominal Liquidation Amount Deficit from Reallocated Finance Charge Amounts)) and the Class B Nominal Liquidation Amount Deficit shall be deemed to be reimbursed by such amount.

More Definitions of Nominal Liquidation Amount Deficit

Nominal Liquidation Amount Deficit means, with respect to the Series [_____ ] Notes, the excess of the Adjusted Outstanding Dollar Principal Amount of the Series [___] Notes over the Nominal Liquidation Amount of the Series [___] Notes.

Nominal Liquidation Amount Deficit means the Series 2022-CRT2 Additional Amount. “Note” or “Notes” has the meaning specified in the Indenture.

Nominal Liquidation Amount Deficit has, with respect to any Series, Class or Tranche of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes.

Nominal Liquidation Amount Deficit means, with respect to any Class of Series 2008-3 Notes, the excess of the Adjusted Outstanding Dollar Principal Amount of that Class over the Nominal Liquidation Amount of that Class.

Nominal Liquidation Amount Deficit means, with respect to the Series 2010-1 Notes as of any Transfer Date, the excess of the aggregate of the reallocations and reductions made pursuant to Section 3.03 on or prior to such Transfer Date, over the aggregate amount of all reinstatements pursuant to Section 3.03 on or prior to such Transfer Date.

Nominal Liquidation Amount Deficit means the Series 2008-1 Additional Amount.

Nominal Liquidation Amount Deficit means, with respect to any Tranche of Notes, (i) on the Issuance Date thereof, zero, (ii) on any Distribution Date thereafter (except as set forth in subclause (iii)), the excess of the Adjusted Outstanding Dollar Principal Amount of that Tranche over the Nominal Liquidation Amount of that Tranche, as adjusted pursuant to Section 3.01, and (iii) on and after the date of a Receivables Sale for such Tranche, zero.