Required Collateral Invested Amount definition

Required Collateral Invested Amount means (i) initially $95,000,000 and (ii) on any Distribution Date thereafter, 9.50% of the sum of the Class A Adjusted Invested Amount on such Distribution Date, the Class B Adjusted Invested Amount on such Distribution Date (in each case after taking into account payments to be made on such Distribution Date) and the Collateral Invested Amount on such Distribution Date after taking into account any adjustments made on such Distribution Date, but not less than $30,000,000; provided, however, that (1) if either (a) there is a reduction in the Collateral Invested Amount pursuant to clauses (c), (d) or (e) of the definition thereof during the Controlled Accumulation Period or (b) a Pay-Out Event with respect to the Series 2000-3 Certificates has occurred, the Required Collateral Invested Amount for such Distribution Date thereafter shall equal the Required Collateral Invested Amount for such Distribution Date immediately preceding such reduction or Pay-Out Event, (2) in no event shall the Required Collateral Invested Amount exceed the unpaid principal amount of the Series 2000-3 Certificates as of the last day of the Monthly Period preceding such Distribution Date after taking into account payments to be made on the related Distribution Date and (3) the Required Collateral Invested Amount may be reduced to a lesser amount at any time if the Rating Agency Condition is satisfied.
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Required Collateral Invested Amount means the excess, if any, of (a) the Required Enhancement Amount over (b) the Required Cash Collateral Amount.
Sample 1Sample 2Sample 3
Required Collateral Invested Amount means (i) initially $75,000,000 and (ii) on any Distribution Date thereafter, 7.50% of the sum of the Class A Adjusted Invested Amount on such Distribution Date, the Class B Adjusted Invested Amount on such Distribution Date (in each case after taking into account payments to be made on such Distribution Date) and the Collateral Invested Amount on such Distribution Date after taking into account any adjustments made on such Distribution Date, but not less than $30,000,000, provided, however, that (1) if either (a) there is a reduction in the Collateral Invested Amount pursuant to clauses (c), (d) or (e) of the definition thereof during the Controlled Accumulation Period or (b) a Pay-Out Event with respect to the Series 1997-1 Certificates has occurred, the Required Collateral Invested Amount for such Distribution Date thereafter shall equal the Required Collateral Invested Amount for such Distribution Date immediately preceding such reduction or Pay-Out
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Examples of Required Collateral Invested Amount in a sentence

  • Excess of Collateral Invested Amount over Required Collateral Invested Amount $ 0.00 3.

  • Excess of Collateral Invested Amount over Required Collateral Invested Amount $ 0.00 4.

  • This individual will prefer the outside option to traveling on airline 1 if y − p1 + bL − γ/f1 < y + g, or if bL − g < p1 + γ/f1, and will prefer the outside option to traveling on airline 2 if bL −g < p2 + γ/f2.

  • Excess of Collateral Invested Amount over Required Collateral Invested Amount: $ 0.00 3.

  • Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 3.

  • Excess of Collateral Invested Amount over Required Collateral Invested Amount: $0.00 4.

  • Excess of Collateral Invested Amount over Required Collateral Invested Amount$ 0.004.

  • Excess of Collateral Invested Amount over Required Collateral Invested Amount$ 0.003.

  • Excess of Collateral Invested Amount $0.00 over Required Collateral Invested Amount: 3.

  • Excess of Collateral Invested Amount over Required Collateral Invested Amount: N/A 4.


More Definitions of Required Collateral Invested Amount

Required Collateral Invested Amount means (a) initially, ----------------------------------- $42,750,000 and (b) on any Transfer Date thereafter, 9.5% of the sum of the Invested Amount on such Transfer Date, in each case after taking into account payments to be made on the related Distribution Date; provided that (x) if -------- either (i) there is a reduction in the Collateral Invested Amount pursuant to clause (d), (e) or (f) of the definition of such term or (ii) a Pay Out Event with respect to the Investor Certificates has occurred, the Required Collateral Invested Amount for any Transfer Date shall (subject to clauses (y) and (z)) equal the Required Collateral Invested Amount for the Transfer Date immediately preceding such reduction or Pay Out Event, (y) in no event shall the Required Collateral Invested Amount exceed the sum of (i) the Class A Outstanding Principal Balance and (ii) the Class B Outstanding Principal Balance, each as of the last day of the Monthly Period preceding such Transfer Date after taking into account the payments to be made on the related Distribution Date and (z) the Required Collateral Invested Amount may be reduced at the Transferor's option at any time to a lesser amount if the Certificate Agents have given their prior written consent to such reduction; provided, -------- however, that the Required Collateral Invested Amount shall not be less than the ------- Minimum Collateral Invested Amount.
Sample 1
Required Collateral Invested Amount means, with respect to any ----------------------------------- Distribution Date, $67,858,000; provided, however, that the Required Collateral -------- ------- Invested Amount may be reduced at any time to a lesser amount if the Rating Agency Condition is satisfied.
Sample 1
Required Collateral Invested Amount means, with respect to any Transfer Date, an amount equal to ___% of the sum of the Class A Adjusted Invested Amount and the Class B Invested amount as of such Transfer Date (after giving effect to deposits into the Principal Funding Account on such Transfer Date and payments to be made on the related Distribution Date); provided, that from and after the occurrence of an Early Amortization Event, the Required Collateral Invested Amount shall equal the Required Collateral Invested Amount on the Transfer Date immediately preceding the occurrence of such Early Amortization Event.
Sample 1
Required Collateral Invested Amount means, (a) with respect to the initial Transfer Date, $18,900,000 and (b) with respect to any Transfer Date thereafter, an amount equal to the sum of (i) 4.5% of the sum of (x) the Class A Adjusted Invested Amount and the Class B Invested Amount as of such Transfer Date (after giving effect to deposits into the Principal Funding Account on such Transfer Date and payments to be made on the related Distribution Date), and (y) the Collateral Invested Amount on the prior Transfer Date after any adjustments made thereto on such Transfer Date and (ii) during the Accumulation Period, the excess, if any, of the Required Overconcentration Account Amount over the amount on deposit in the Overconcentration Account on such Transfer Date (after giving effect to any deposit to be made to, and any withdrawal to be made from, the Overconcentration Account on such Transfer Date); PROVIDED, that from and after the occurrence of an Early Amortization Event, the Required Collateral Invested Amount shall equal the Required Collateral Invested Amount on the Transfer Date immediately preceding the occurrence of such Early Amortization Event.
Sample 1

Related to Required Collateral Invested Amount

  • Collateral Invested Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Collateral Interest Holder prior to such date, minus (c) the aggregate amount of Collateral Charge-Offs for all prior Distribution Dates pursuant to subsection 4.06(c), minus (d) the aggregate amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to Section 4.08 allocable to the Collateral Invested Amount, minus (e) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to subsections 4.06(a) and (b), and plus (f) the amount allocated and available on all prior Distribution Dates pursuant to subsection 4.07(i), for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Collateral Invested Amount may not be reduced below zero.

  • Collateral Initial Invested Amount means $__________.

  • Required Collateral Fund Balance As of any date of determination, an amount equal to the aggregate of all amounts previously required to be deposited in the Collateral Fund pursuant to Section 2.02(d) (after adjustment for all withdrawals and deposits pursuant to Section 2.02(e)) and Section 2.03(b) (after adjustment for all withdrawals and deposits pursuant to Section 2.03(c)) and Section 3.02 to be reduced by all withdrawals therefrom pursuant to Section 2.02(g) and Section 2.03(d).

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Aggregate Noteholders’ Priority Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the First Priority Principal Distributable Amount, (ii) the Second Priority Principal Distributable Amount, (iii) the Third Priority Principal Distributable Amount and (iv) the Fourth Priority Principal Distributable Amount, each as of such Distribution Date. Aggregate Principal Balance of Non-Subvented Receivables: As of any date, the present value as of such date of all scheduled monthly payments on all of the Non-Subvented Receivables (other than Liquidating Receivables) held by the Issuing Entity on such date which have not been applied on or prior to such date (determined after taking into account any Warranty Payments and Administrative Purchase Payments in respect of such Receivables), with each Receivable being discounted from the last day of the calendar month in which payments are to become due to such date at the greater of the Discount Rate and the Annual Percentage Rate.

  • Original Collateral Sale Date means 8 December 2020.

  • Reallocated Collateral Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsections 4.12(a) and (b) in an amount not to exceed the product of (a) the Collateral Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Collateral Interest after giving effect to any Collateral Charge-Offs for such Transfer Date.

  • Noteholders' Monthly Principal Distributable Amount means, with respect to any Distribution Date, the Noteholders' Percentage of the Principal Distributable Amount.

  • Adjusted Collateral Principal Amount means, as of any date of determination:

  • Aggregate Noteholders’ Principal Distributable Amount With respect to any Distribution Date, the sum of (i) the Noteholders’ Regular Principal Distributable Amount as of such Distribution Date and (ii) the Aggregate Noteholders’ Priority Principal Distributable Amount as of such Distribution Date.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Noteholders’ Regular Principal Distributable Amount With respect to the Notes, for any Distribution Date, the lesser of:

  • First Priority Principal Distributable Amount With respect to any Distribution Date, an amount equal to the excess, if any, of (i) the aggregate outstanding principal balance of the Class A Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes on such preceding Distribution Date) over (ii) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period.

  • Noteholders’ Principal Distributable Amount means, with respect to any Distribution Date, (other than the Final Scheduled Distribution Date for any Class of Notes), the sum of the Principal Distributable Amount for such Distribution Date and the Noteholders’ Principal Carryover Amount, if any, as of the close of business on the preceding Distribution Date. The Noteholders’ Principal Distributable Amount on the Final Scheduled Distribution Date for any Class of Notes will equal the sum of (i) the Principal Distributable Amount for such Distribution Date, (ii) the Noteholders’ Principal Carryover Amount as of such Distribution Date, and (iii) the excess of the outstanding principal amount of such Class of Notes, if any, over the amounts described in clauses (i) and (ii).

  • Priority Principal Distributable Amount means, with respect to any Distribution Date, the excess, if any, of the Note Balance of the Class A Notes as of the day preceding such Distribution Date over the Pool Balance as of the last day of the preceding Collection Period; provided, however, that the Priority Principal Distributable Amount for each Distribution Date on and after the Class Final Distribution Date for any Class of Class A Notes shall equal the greater of (i) the amount otherwise calculated pursuant to this definition and (ii) the outstanding principal balance of the Class A Notes of such Class as of the day preceding such Distribution Date.

  • Collateral Principal Percentage means, with respect to any Monthly Period, (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Collateral Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Collateral Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Collateral Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Collateral Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • First Priority Principal Distribution Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the Class A Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date), over (b) the related Adjusted Pool Balance; provided, however, that (i) the First Priority Principal Distribution Amount on the Class A-1 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-1 Notes to zero; (ii) the First Priority Principal Distribution Amount on the Class A-2a Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-2a Notes to zero; (iii) the First Priority Principal Distribution Amount on the Class A-2b Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-2b Notes to zero; (iv) the First Priority Principal Distribution Amount on the Class A-3 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-3 Notes to zero; and (v) the First Priority Principal Distribution Amount on the Class A-4 Final Scheduled Payment Date shall not be less than the amount that is necessary to reduce the outstanding principal amount of the Class A-4 Notes to zero.

  • Third Priority Principal Distributable Amount With respect to any Distribution Date, an amount, not less than zero, equal to the difference between (i) the excess, if any, of (a) the aggregate outstanding principal balance of the Class A Notes, the Class B Notes and the Class C Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes, the Class B Notes and the Class C Notes on such preceding Distribution Date) over (b) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period, and (ii) the sum of (a) the First Priority Principal Distributable Amount, if any, with respect to such Distribution Date and (b) the Second Priority Principal Distributable Amount, if any, with respect to such Distribution Date.

  • Applicable Collateral Percentage with respect to any Firm Collateral or Special Firm Collateral, has the meaning set forth in the books and records of the Partnership with respect thereto.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Second Priority Principal Distributable Amount With respect to any Distribution Date, an amount, not less than zero, equal to the difference between (i) the excess, if any, of (a) the aggregate outstanding principal balance of the Class A Notes and the Class B Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Class A Notes and the Class B Notes on such preceding Distribution Date) over (b) the Aggregate Receivables Principal Balance as of the close of business on the last day of the immediately preceding Monthly Period, and (ii) the First Priority Principal Distributable Amount, if any, with respect to such Distribution Date.

  • Certificateholders' Principal Distributable Amount means, with respect to any Distribution Date, an amount equal to zero until the outstanding principal amount of each Class of Notes has been reduced to zero, and thereafter, an amount equal to the Principal Distribution Amount (as reduced by the Noteholders’ Principal Distributable Amount, if any for such Distribution Date) for such Distribution Date.

  • Required Reserve Amount means, with respect to any Payment Date, the lesser of (a) 0.25% of the difference of the Aggregate Starting Principal Balance less the Yield Supplement Overcollateralization Amount as of the applicable Cutoff Date of all Receivables transferred to the Trust and (b) the Outstanding Amount of the Notes.