Examples of Required Collateral Interest in a sentence
The Required Collateral Interest as of the Transfer Date for the preceding Monthly Period was equal to ..........................................
This amended the loan arrangements that were signed in June 2009.
On each Transfer Date with respect to the Controlled Accumulation Period and the Rapid Amortization Period in which a reduction in the Required Collateral Interest has occurred, Available Investor Principal Collections not applied to Class A Monthly Principal or Class B Monthly Principal will be applied to reduce the Collateral Interest until the Collateral Interest equals the Required Collateral Interest.
If, for any Monthly Period, the Available Investor Principal Collections for such Monthly Period exceed the applicable Controlled Deposit Amount, any such excess will be paid to the Collateral Interest Holder to the extent that the Collateral Interest exceeds the Required Collateral Interest.
See "Description of the Certificates-- Reallocation of Cash Flows" and "--Defaulted Receivables; Investor Charge-Offs." REQUIRED COLLATERAL The "Required Collateral Interest" means (a) INTEREST...................