Minimum Transferor Interest Percentage definition

Minimum Transferor Interest Percentage means 7%.

Minimum Transferor Interest Percentage shall have the meaning specified in Section C.

Minimum Transferor Interest Percentage means the highest percentage specified as the "Minimum Transferor Interest Percentage" in any Supplement; provided, however, that the Transferor may reduce the Minimum Transferor Interest Percentage upon (w) 30 days' prior notice to the Trustee, each Rating Agency and any Credit Enhancement Provider entitled to receive such notice pursuant to the relevant Supplement, (x) written confirmation from each Rating Agency that such action will satisfy the Rating Agency Condition, (y) 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 and (z) delivery to the Trustee of a Tax Opinion; provided further that the Minimum Transferor Interest Percentage shall not at any time be less than 2%.

Examples of Minimum Transferor Interest Percentage in a sentence

• 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.

• The Minimum Transferor Interest Percentage applicable to the Series 1998-1 Certificates shall be 0%; provided, however, that the Transferor may, at its option and in its sole discretion, designate a higher percentage as the Minimum Transferor Interest Percentage so long as, after giving effect to such designation and any repurchase of Investor Certificates or designation of Supplemental Accounts, the Transferor Amount shall equal or exceed the Minimum Transferor Amount.

• It is in this context that college and university presidents must address the problems caused by student drinking.

• Minimum Transferor Interest Percentage and Minimum Aggregate Principal Receivables ...........................................

• The Minimum Transferor Interest Percentage applicable to the Series 1996-A Certificates shall be 2% (unless the Trustee shall have received an Opinion of Counsel that a lower percentage will not have any material adverse effect on the Federal income tax characterization of any ou tstanding Series of Investor Certificates).

More Definitions of Minimum Transferor Interest Percentage

Minimum Transferor Interest Percentage means, on any date of determination, the highest percentage set forth in any Indenture Supplement for any then outstanding Series as the "Minimum Transferor Interest Percentage" for such Series.

Minimum Transferor Interest Percentage shall have the meaning specified in Section 3 of this Series Supplement.

Minimum Transferor Interest Percentage means the highest percentage determined in accordance with the definitions of "Minimum Transferor Interest Percentage" specified in the Supplements for all outstanding Series.

Minimum Transferor Interest Percentage shall have the meaning -------------------------------------- specified in Section 3 of this Series Supplement.

Minimum Transferor Interest Percentage means the highest percentage -------------------------------------- specified as the "Minimum Transferor Interest Percentage" in any Supplement; provided, however, that the Transferor may reduce the Minimum Transferor -------- ------- Interest Percentage upon (w) 30 days' prior notice to the Trustee, each Rating Agency and any Credit Enhancement Provider entitled to receive such notice pursuant to the relevant Supplement, (x) written confirmation from each Rating Agency that such action will satisfy the Rating Agency Condition, (y) 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 and (z) delivery to the Trustee of a Tax Opinion; provided further -------- ------- that the Minimum Transferor Interest Percentage shall not at any time be less than 2%.

Minimum Transferor Interest Percentage means 4%; provided, however, that the Transferor may reduce the Minimum Transferor Interest Percentage in accordance with the definition of "Minimum Transferor Interest Percentage" in the Agreement.

Minimum Transferor Interest Percentage shall have the meaning specified in Section 3 hereof. Monthly Interest shall mean, with respect to any Distribution Date, the Class A Monthly Interest and the Class B Monthly Interest for such Distribution Date.