Weighted Average Available Funds Allocation Amount definition

Weighted Average Available Funds Allocation Amount means, with respect to any Monthly Period for any tranche or class of Notes, the sum of the Available Funds Allocation Amount for such tranche or class, as applicable, as of the close of business on each day during such Monthly Period divided by the actual number of days in such period.
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Weighted Average Available Funds Allocation Amount means, with respect to any month for any tranche, class or series of Notes, the sum of the Available Funds Allocation Amount for such tranche, class or series, as applicable, as of the close of business on each day during such month divided by the actual number of days in such month.
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Weighted Average Available Funds Allocation Amount means, with respect to any Monthly Period for any Class of Notes, the sum of the Available Funds Allocation Amount for such Class, as of the close of business on each day during such Monthly Period divided by the actual number of days in such period.
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Examples of Weighted Average Available Funds Allocation Amount in a sentence

  • The share of the Investor Servicing Fee allocable to the WFCardSeries with respect to any Transfer Date shall be equal to one-twelfth of the product of (i) the WFCardSeries Servicing Fee Percentage and (ii) the Weighted Average Available Funds Allocation Amount for the WFCardSeries for the Monthly Period immediately preceding such Transfer Date (the “WFCardSeries Servicing Fee”).

  • In addition to the Servicer Interchange, the portion of the WFCardSeries Servicing Fee that is allocable to the WFCardSeries with respect to any Transfer Date (the “WFCardSeries Net Servicing Fee”) shall be equal to one-twelfth of the product of (i) the WFCardSeries Net Servicing Fee Rate and (ii) the Weighted Average Available Funds Allocation Amount for WFCardSeries for the immediately preceding Monthly Period.

  • Should the Servicer Interchange on deposit in the Collection Account on any Transfer Date with respect to the related Monthly Period be less than one-twelfth of 0.75% of the Weighted Average Available Funds Allocation Amount for the WFCardSeries for such Monthly Period, the WFCardSeries Servicing Fee with respect to such Monthly Period will not be paid to the extent of such insufficiency of Servicer Interchange.