Series Adjusted Allocation Amount definition
Series Adjusted Allocation Amount means, with respect to any Series and for any Monthly Period, the Series Allocation Amount for such Series, after subtracting therefrom the excess, if any, of (a) the cumulative amount (calculated in accordance with the terms of the related Indenture Supplement) of reduction amounts, subordination of principal collections and, if applicable, covering the series default amount for any other Class of Notes of such Series or another Series allocable to the Allocation Amount for such Series as of the last day of the immediately preceding Monthly Period over (b) the aggregate reimbursement of such reduction amounts, subordination of principal collections and, if applicable, covering the series default amount for any other Class of Notes of such Series or another Series as of such day, or such other amount as may be provided in the Indenture Supplement for such Series.
Series Adjusted Allocation Amount shall have the meaning specified in the Transfer and Servicing Agreement.