Minimum Transferor Interest definition

Minimum Transferor Interest means, with respect to any period, --------------------------- 4% of the average of the aggregate amount of Principal Receivables for such period.

Minimum Transferor Interest means, with respect to any Monthly Period, an amount equal to the product of the Minimum Transferor Interest Percentage and the sum of (i) the Average Principal Receivables for such Monthly Period, (ii) the Excess Funding Amount and (iii) any amounts on deposit in any Principal Funding Account and any other Series Account (if so specified in the applicable Supplement).

Minimum Transferor Interest means, as of any date of determination, the sum of the product for each Series of (i) the Minimum Transferor Percentage for such Series, times (ii) the Invested Amount for such Series. "Minimum Transferor Percentage" is 4% with respect to the Series 1999-1 Certificates.

Examples of Minimum Transferor Interest in a sentence

• However, the Supreme Court crafted this standard to constrain the use of one-way closed-circuit television, whereby the witness could not possibly view the defendant.

• A crucial issue of any interpretational approach with respect to a scientific theory is the relation between elements of the theory on the one hand and elements of the domain of reality for which the theory is designed on the other.

• Appellant’s request that DOR fund the first two years of her training at the California public university rate is granted.

• On any Business Day following a Business Day on which amounts were held in the Principal Account pursuant to clause (ii) above, any amounts held in the Principal Account pursuant to clause (ii) above shall be paid to the Holder of the Transferor Interest when, and only to the extent that, the Transferor Interest is greater than the Minimum Transferor Interest.

• Minimum Transferor Interest Percentage shall mean, as of any date of determination, the highest per- centage specified as the "Minimum Transferor Interest Percentage" in any Supplement for any outstanding Series.

More Definitions of Minimum Transferor Interest

Minimum Transferor Interest means 4% (or such other percentage as specified in the related Supplement) of the Average Principal Receivables; provided, however, that the Transferor may reduce the Minimum Transferor Interest upon (w) delivery to the Trustee of a Tax Opinion with respect to such reduction, (x) 30 day’s prior notice to the Trustee, each Rating Agency and any Credit Enhancement Provider entitled to receive such notice pursuant to the relevant Supplement, (y) written confirmation from the Rating Agency that such reduction will not result in the reduction or withdrawal of the respective ratings of each Rating Agency for any Series outstanding and (z) delivery to the Trustee and each such Credit Enhancement Provider of an Officer’s Certificate stating that the Transferor reasonably believes that such reduction will not, based on the facts known to such officer at the time of such certification, then or thereafter cause a Pay Out Event to occur with respect to any Series; provided further that the Minimum Transferor Interest shall not at any time be less than 2%.

Minimum Transferor Interest is an amount equal to the lesser of (a) 1.00% of the Loan Balance at the beginning of the immediately preceding Collection Period and (b) 0.50% of the Loan Balance as of the Cut-off Date.

Minimum Transferor Interest. With respect to any date of determination, an amount equal to the lesser of (a) 5% of the Pool Balance on such date and (b) the Transferor Principal Balance as of the Closing Date.

Minimum Transferor Interest shall have the meaning specified in subsection 2.06(a).

Minimum Transferor Interest. With respect to any date, an amount equal to the lesser of (a) ___% of the Pool Balance on such date and (b) the Transferor Principal Balance as of the Closing Date.

Minimum Transferor Interest means, as of any date of determination after the Certificate Trust Termination Date, the product of (a) the Aggregate Principal Receivables and (ii) 7% or, if less, the highest of the Required Retained Transferor Percentages specified in the Indenture Supplement for any outstanding Series.

Minimum Transferor Interest means the amount specified in the Adoption Annex.