Required Pro Forma Note Balance means, with respect to any Distribution Date, a dollar amount equal to (x) the Pool Balance as of the end of the prior calendar month minus (y) the excess of (i) 14.75% of the Pool Balance as of the end of the prior calendar month over (ii) the Specified Reserve Balance.
Required Pro Forma Note Balance means, with respect to any Distribution Date, a dollar amount equal to the product of (x) the difference between (i) 100% and (ii) the “Overcollateralization Amount” (as defined in the Spread Account Agreement), as the same may step down over time in accordance with the terms of the Spread Account Agreement (which difference will initially equal 83.5%) and (y) the Pool Balance as of the end of the prior calendar month.
Required Pro Forma Note Balance means, with respect to any Payment Date, a dollar amount equal to the difference of (i) the Aggregate Securitization Value as of the end of the related Collection Period, minus (ii) 10.75% of the Aggregate Securitization Value as of the Cutoff Date.
Examples of Required Pro Forma Note Balance in a sentence
Required Pro Forma Note Balance 1,149,985,393 ---------------- C.
Required Pro Forma Note Balance (90% x (I.D.+III.F.) 733,684,272 ------------ D.
Required Pro Forma Note Balance (90% x (I.D.+III.F.) 780,789,576 ----------- D.
Required Pro Forma Note Balance 800,354,897 --------------------- C.
CALCULATION OF ACCELERATED PRINCIPAL AMOUNT: {88} Excess Available Funds {88} {89} Pro-Forma Note Balance (Calculated after Step-Down) {89} {90} Required Pro Forma Note Balance {90} {91} Excess of Pro-Forma Balance over Required Pro-Forma Balance {91} {92} Lesser of Excess Available Funds or Excess of Pro-Forma Note Balance {92} IX.
More Definitions of Required Pro Forma Note Balance
Required Pro Forma Note Balance means, with respect to any Distribution Date, a dollar amount equal to the product of (x) 91% and (y) the Pool Balance as of the end of the prior calendar month.
Required Pro Forma Note Balance means, for any Payment Date, (1) on or prior to the payment in full of the Class A-2 Notes, a dollar amount equal to the difference of (i) the Aggregate Securitization Value at the close of business on the last day of the related Collection Period minus (ii) 10.50% of the initial Aggregate Securitization Value, and (2) after the Payment Date on which the Class A-2 Notes have been paid in full, a dollar amount equal to the difference of (i) the Aggregate Securitization Value at the close of business on the last day of the related Collection Period minus (ii) 9.50% of the initial Aggregate Securitization Value; provided, that, if the resulting value is less than $0, the “Required Pro Forma Note Balance” will be deemed to equal $0.
Required Pro Forma Note Balance means, with respect to any Distribution Date, a dollar amount equal to (x) the Pool Balance as of the end of the prior calendar month minus (y) the lesser of (A) the sum of (i) 34.10% of the Pool Balance as of the end of the prior calendar month plus (ii) the aggregate, cumulative amount of principal paid to the holders of the Class C and/or the Class B Notes pursuant to clause 5.7(a)(xvi and xvii) hereof on all prior Distribution Dates minus (iii) the Specified Reserve Balance, or (B) 80.00% of the Pool Balance.
Required Pro Forma Note Balance means, with respect to any Payment Date, (i) on or prior to the payment in full of the Class A-2 Notes, a dollar amount equal to the difference of (a) the Aggregate Securitization Value as of the end of the related Collection Period, minus (b) 11.00% of the Aggregate Securitization Value as of the Cutoff Date, and (ii) after the payment date on which the Class A-2 Notes have been paid in full, a dollar amount equal to the difference of (x) the Aggregate Securitization Value as of the end of the related Collection Period, minus (y) 10.00% of the Aggregate Securitization Value as of the Cutoff Date provided that, if no Class A-2-B Notes are issued, the “Required Pro Forma Note Balance” will mean, for any payment date, a dollar amount equal to the difference of (i) the Aggregate Securitization Value at the close of business on the last day of the related collection period minus (ii) 10.00% of the initial Aggregate Securitization Value.
Required Pro Forma Note Balance means, with respect to any Payment Date, (i) on or prior to the payment in full of the Class A-2 Notes, a dollar amount equal to the difference of (a) the Aggregate Securitization Value as of the end of the related Collection Period, minus (b) 11.00% of the Aggregate Securitization Value as of the Cutoff Date, and (ii) after the payment date on which the Class A-2 Notes have been paid in full, a dollar amount equal to the difference of (x) the Aggregate Securitization Value as of the end of the related Collection Period, minus (y) 10.00% of the Aggregate Securitization Value as of the Cutoff Date; provided, that, if the resulting value is less than $0, the “Required Pro Forma Note Balance” will be deemed to equal $0.
Required Pro Forma Note Balance has the meaning set forth in the Fee Letter.
Required Pro Forma Note Balance means, with respect to any Payment Date, [(i) on or prior to the payment in full of the Class A-2 Notes, a dollar amount equal to the difference of (a) the Aggregate Securitization Value as of the end of the related Collection Period, minus (b) % of the Aggregate Securitization Value as of the Cutoff Date, and (ii) after the payment date on which the Class A-2 Notes have been paid in full, a dollar amount equal to the difference of (x) the Aggregate Securitization Value as of the end of the related Collection Period, minus (y) %