Supplemental Interest Account Deposit Amount definition

Supplemental Interest Account Deposit Amount means, with respect to any distribution date during a reset period when the reset rate notes are then structured not to receive a payment of principal until the end of the related reset period, the lesser of: • the product of:
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Supplemental Interest Account Deposit Amount means, with respect to any Distribution Date when a class of Reset Rate Notes is then structured not to receive a payment of principal until the end of the related Reset Period, the lesser of:
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Supplemental Interest Account Deposit Amount means, with respect to the Class A-5B Notes, on the Closing Date, the Supplemental Interest Account Initial Deposit, and for any Distribution Date thereafter, until the initial Reset Date for the Class A-5B Notes, the lesser of:
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Examples of Supplemental Interest Account Deposit Amount in a sentence

  • All investment earnings on deposit in the accumulation account will be withdrawn on each distribution date and deposited into the collection account.Whenever amounts are deposited into or are on deposit in the accumulation account, the indenture trustee, subject to sufficient available funds therefor, will deposit into the supplemental interest account the Supplemental Interest Account Deposit Amount as described under “—Distributions” below.Tender of Reset Rate Notes; Remarketing Procedures.

  • All investment earnings on deposit in the accumulation account will be withdrawn on each distribution date and deposited into the collection account.Whenever amounts are deposited into or are on deposit in the accumulation account, the indenture trustee, subject to sufficient available funds therefor, will deposit into the supplemental interest account the Supplemental Interest Account Deposit Amount as described under “ —Distributions” below.Tender of Reset Rate Notes; Remarketing Procedures.


More Definitions of Supplemental Interest Account Deposit Amount

Supplemental Interest Account Deposit Amount. ’ means, for any distribution date, the product of:
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Supplemental Interest Account Deposit Amount means, for any Distribution Date and each Supplemental Interest Account, the product of: (1) the difference between (a) the weighted average of the Three-Month LIBOR based rates (as determined for the Accrual Period commencing on that Distribution Date) that will be payable by the Trust to the related Swap Counterparties on the next Distribution Date, and (b) LIBOR minus 1.00% or another assumed rate of Investment Earnings that satisfies the Rating Agency Condition, (2) the amount, if any, on deposit in the related Accumulation Account immediately after that Distribution Date, and (3) the actual number of days from that Distribution Date to the next related Reset Date, divided by 360. For any Distribution Date on which the balance in an Accumulation Account is zero (after taking into account all deposits and withdrawals to be made on such Distribution Date), the related Supplemental Interest Account Deposit Amount will be zero.
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Related to Supplemental Interest Account Deposit Amount

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;