Required Subordinated Amount of Class C Notes definition

Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of
Required Subordinated Amount of Class C Notes means, for the Class A(2016-1) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class C Notes for such Class A(2016-1) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2016-1) Notes on such date of determination; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of Class C Notes for the Class A(2016-1) Notes will not be less than an amount equal to (i) 3.0% of the Initial Dollar Principal Amount of the Class A(2016-1) Notes, minus (ii) the Required Subordinated Amount of Class D Notes for the Class A(2016-1) Notes; provided further, however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2016-1) Adverse Event, the Required Subordinated Amount of Class C Notes for the Class A(2016-1) Notes will be the greater of (x) the amount determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class A(2016-1) Adverse Event shall have occurred and (z) unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the amount determined pursuant to the preceding proviso.
Required Subordinated Amount of Class C Notes means, for the Class B ( - ) Notes for any date of determination, an amount equal to the sum of

Examples of Required Subordinated Amount of Class C Notes in a sentence

On the issuance date of a Tranche of Class A Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for such Tranche of Class A Notes must be at least equal to the Class A Required Subordinated Amount of Class C Notes for such Tranche of Class A Notes.

On the issuance date of a tranche of Class A Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for all tranches of Class B Notes must be at least equal to the aggregate Class B Required Subordinated Amount of Class C Notes for all tranches of Class B Notes which are Outstanding on that date.

On the issuance date of a Tranche of Class B Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for such Tranche of Class B Notes must be at least equal to the Class B Required Subordinated Amount of Class C Notes for such Tranche of Class B Notes.

On the issuance date of Class A Notes of a tranche of a Multiple Issuance Series, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes of that series must be at least equal to the Class A Required Subordinated Amount of Class C Notes for that series.

On the issuance date of Class B Notes of a tranche of a Multiple Issuance Series, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes of that series must be at least equal to the Class B Required Subordinated Amount of Class C Notes for that series.


More Definitions of Required Subordinated Amount of Class C Notes

Required Subordinated Amount of Class C Notes means, for any Tranche of Class A Notes or Class B Notes, the amount determined in accordance with the Terms Document for such Tranche.
Required Subordinated Amount of Class C Notes means, for the Class A(2010-E) Notes for any date of determination, an amount equal to the product of
Required Subordinated Amount of Class C Notes means, for the Class B(___-___) Notes for any date of determination, an amount equal to the sum of
Required Subordinated Amount of Class C Notes means, for the Class A(2002-_) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class C Notes for such Class A(2002-_) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2002-_) Notes on such date of determination; provided, however, that for any date of determination on which the Class A Usage Amount of Subordinated Notes for the Class A(2002-_) Notes is greater than zero, the Required Subordinated Amount of Class C Notes for the Class A(2002-_) Notes will be an amount equal to (i) 3.0% of the greater of (A) the Adjusted Outstanding Dollar Principal Amount of the Class A(2002-_) Notes for such date of determination and (B) the Adjusted Outstanding Dollar Principal Amount of the Class A(2002-_) Notes for the date immediately prior to the most recent date on which the Class A Usage Amount of Subordinated Notes for the Class A(2002-_) Notes first exceeded zero, minus (ii) the Required Subordinated Amount of Class D Notes for the Class A(2002-_) Notes; provided further, however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2002-_) Adverse Event, the Required Subordinated Amount of Class C Notes for the Class A(2002-_) Notes will be the greater of (x) the amount determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class A(2002-_) Adverse Event shall have occurred and (z) for any date of determination on which the Class A Usage Amount of Subordinated Notes for the Class A(2002-_) Notes is greater than zero, the amount determined pursuant to the preceding proviso.
Required Subordinated Amount of Class C Notes means, for the Class B(2008-A) Notes for any date of determination, an amount equal to the sum of
Required Subordinated Amount of Class C Notes means, for the Class
Required Subordinated Amount of Class C Notes means, for the Class A( -___) Notes for any date of determination, an amount equal to the product of