Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.
Quarterly Excess Spread Percentage means, for each Determination Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the June 2017 Payment Date, the Excess Spread Percentage with respect to the immediately preceding Monthly Period, (b) with respect to the July 2017 Payment Date, the percentage equivalent of a fraction, the numerator of which is the sum of the Excess Spread Percentages for the immediately preceding two (2) Monthly Periods and the denominator of which is two (2) and (c) with respect to the August 2017 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction, the numerator of which is the sum of the Excess Spread Percentages for the immediately preceding three (3) Monthly Periods and the denominator of which is three (3).
Examples of Quarterly Excess Spread Percentage in a sentence
The Payment Date occurring three (3) calendar months prior to the first Payment Date of the Controlled Accumulation Period (as adjusted in accordance with Section 4.06(c) hereof) and any following Payment Date The Quarterly Excess Spread Percentage is greater than or equal to 4%.
The Payment Date occurring twelve (12) calendar months prior to the first Payment Date of the Controlled Accumulation Period (as adjusted in accordance with Section 4.06(c) hereof) and any following Payment Date The Quarterly Excess Spread Percentage is less than 2%.
The Payment Date occurring six (6) calendar months prior to the first Payment Date of the Controlled Accumulation Period (as adjusted in accordance with Section 4.06(c) hereof) and any following Payment Date The Quarterly Excess Spread Percentage is less than 3% but greater than or equal to 2%.
The Payment Date occurring four (4) calendar months prior to the first Payment Date of the Controlled Accumulation Period (as adjusted in accordance with Section 4.06(c) hereof) and any following Payment Date The Quarterly Excess Spread Percentage is less than 4% but greater than or equal to 3%.
The Quarterly Excess Spread Percentage for the related Monthly Period .....................
More Definitions of Quarterly Excess Spread Percentage
Quarterly Excess Spread Percentage means, with respect to any Monthly Period, the average of the current Excess Spread Percentage and the Excess Spread Percentages associated with the two immediately preceding Monthly Periods.
Quarterly Excess Spread Percentage means (a) with respect to the May 2012 Payment Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the Monthly Period relating to the April 2012 Payment Date and (ii) the Excess Spread Percentage for the Monthly Period relating to the May 2012 Payment Date and the denominator of which is two, and (b) with respect to the June 2012 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to the Monthly Periods relating to such Payment Date and the immediately preceding two Payment Dates and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the November 2009 Distribution Date, the Excess Spread Percentage for such Distribution Date, (b) with respect to the December 2009 Distribution Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the November 2009 Distribution Date and (ii) the Excess Spread Percentage with respect to the December 2009 Distribution Date and the denominator of which is two, (c) with respect to the January 2010 Distribution Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the November 2009 Distribution Date (ii) the Excess Spread Percentage with respect to the December 2009 Distribution Date and (iii) the Excess Spread Percentage with respect to the January 2010 Distribution Date and the denominator of which is three and (d) with respect to the February 2010 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to such Distribution Date and the immediately preceding two Distribution Dates and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the August 2007 Payment Date, the Excess Spread Percentage for the Monthly Period relating to such Payment Date, (b) with respect to the September 2007 Payment Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the Monthly Period relating to the August 2007 Payment Date and (ii) the Excess Spread Percentage for the Monthly Period relating to the September 2007 Payment Date and the denominator of which is two, and (c) with respect to the October 2007 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to the Monthly Periods relating to such Payment Date and the immediately preceding two Payment Dates and the denominator of which is three.
Quarterly Excess Spread Percentage means, (i) with respect to the November 2006 Distribution Date, the Excess Spread Percentage with respect to the immediately preceding Monthly Period, (ii) with respect to the December 2006 Distribution Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding two Monthly Periods and the denominator of which is two, and (iii) with respect to the January 2007 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the May 2007 Payment Date, the Excess Spread Percentage for the Monthly Period relating to such Payment Date, (b) with respect to the June 2007 Payment Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the Monthly Period relating to the May 2007 Payment Date and (ii) the Excess Spread Percentage for the Monthly Period relating to the June 2007 Payment Date and the denominator of which is two, and (c) with respect to the July 2007 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to the Monthly Periods relating to such Payment Date and the immediately preceding two Payment Dates and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the November 2011 Payment Date, the Excess Spread Percentage for the Monthly Period relating to such Payment Date, (b) with respect to the December 2011 Payment Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the Monthly Period relating to the November 2011 Payment Date and (ii) the Excess Spread Percentage for the Monthly Period relating to the December 2011 Payment Date and the denominator of which is two, and (c) with respect to the January 2012 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to the Monthly Periods relating to such Payment Date and the immediately preceding two Payment Dates and the denominator of which is three.