RIC Payment Amount definition
RIC Payment Amount means, as to any Distribution Date, certain obligations due and owing under the RIC for such Distribution Date in an amount equal to the sum of (A) the Spread Account Invested Funds (as defined in the RIC) plus the Holding Account Deposited Funds (as defined in the RIC) and (B) the amount that is equal to the lesser of (a) the Specified Account Invested Funds (as defined in the RIC) and (b) the amount by which (i) the sum of (x) the aggregate amount due and owing on such Distribution Date to the Holders of the Notes and the Certificates, (y) the amount (if any) required to be deposited out of Excess Amounts into the Spread Account on such Distribution Date (after giving effect to distributions and other payments required to have been made on such date prior to such required deposit and assuming that the Spread Account Invested Funds were available in the Spread Account for such date), and (z) the amount of Servicing Fee due and owing to the Master Servicer on such date exceeds (ii) the Net Collections for such Distribution Date that are otherwise on deposit in the Collection Account and available for payment of the amounts referred to in clause (i) above pursuant to the Sale and Servicing Agreement.
RIC Payment Amount means, as to any Distribution Date, certain obligations due and owing under the RIC for such Distribution Date in an amount equal to the sum of (A) the Spread Account Invested Funds (as defined in the RIC) plus the Holding Account Deposited Funds (as defined in the RIC) and (B) the amount that is equal to the lesser of (a) the Specified Account Invested