Required Subordinated Percentage of Class D Notes (Unencumbered) means for the Class C( - ) Notes, [ ]%, subject to adjustment in accordance with Section 2.02.
Required Subordinated Percentage of Class D Notes (Unencumbered) means, for the Class C(2011-1) Notes, 13.636364%, subject to adjustment in accordance with Section 2.02; provided, however, that prior to the Class Expected Final Payment Date for Series 2009-SD, the Required Subordinated Percentage of Class D Notes (Unencumbered) for the Class C(2011-1) Notes will be 11.731844%, subject to adjustment in accordance with Section 2.02.
Required Subordinated Percentage of Class D Notes (Unencumbered) means, for the Class C(2017-1) Notes, 9.28961749%, subject to adjustment in accordance with Section 2.02.
Examples of Required Subordinated Percentage of Class D Notes (Unencumbered) in a sentence
On any date, the Issuer may, at the direction of the Beneficiary, change the Required Subordinated Percentage of Class D Notes (Unencumbered) for the Class C(2017-1) Notes, without the consent of any Noteholders; provided that the Issuer has received written confirmation from each applicable Note Rating Agency that the change in such percentage will not result in a Ratings Effect for any Tranche of Outstanding DiscoverSeries Notes.
More Definitions of Required Subordinated Percentage of Class D Notes (Unencumbered)
Required Subordinated Percentage of Class D Notes (Unencumbered) means for the Class B( - ) Notes, [ ]%, subject to adjustment in accordance with Section 2.02[; provided, however, that prior to the Class Expected Final Payment Date for Series 2009-SD, the Required Subordinated Percentage of Class D Notes (Unencumbered) for the Class B( - ) Notes will be [ ]%, subject to adjustment in accordance with Section 2.02].