Class A Accumulation Amount definition

Class A Accumulation Amount means, on any Payment Date during the Revolving Period, an amount not less than zero equal to the lesser of (a) the Class A Principal Payment Amount and (b) (i) the Class A Available Redemption Collections minus (ii) the sum of the Class A Amortisation Amount to be paid with respect to the Class A Notes on such Payment Date.
Sample 1Sample 2Sample 3
Class A Accumulation Amount means, on any Payment Date during the Revolving Period, an amount no less than zero equal to the lesser of (a) the Class A Principal Payment Amount and (b) the Class A Available Redemption Collections.
Sample 1Sample 2Sample 3
Class A Accumulation Amount means, on any Payment Date during the Revolving Period, the lesser of (a) the Class A Principal Payment Amount and (b) (i) the Class A Available Redemption Collections minus (ii) the Class A Amortisation Amount to be paid on such Payment Date.
Sample 1

Examples of Class A Accumulation Amount in a sentence

  • With respect to repayment of this ABS, Senior Notes use a fixed interest rate and are pass-through, and payments of both principal and interests are made on a monthly basis.Normally, the Distributable Amount that shall be no more than the Class A Accumulation Amount is used for additional purchase in the revolving period.

Related to Class A Accumulation Amount

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.