Required Subordinated Amount of Class C Notes definition

Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

Required Subordinated Amount of Class C Notes means, for the Class A(2019-1) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class C Notes for such Class A(2019-1) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2019-1) Notes on such date of determination; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of Class C Notes for the Class A(2019-1) Notes will not be less than an amount equal to (i) 3.0% of the Initial Dollar Principal Amount of the Class A(2019-1) Notes, minus (ii) the Required Subordinated Amount of Class D Notes for the Class A(2019-1) Notes; provided further, however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2019-1) Adverse Event, the Required Subordinated Amount of Class C Notes for the Class A(2019-1) Notes will be the greater of (x) the amount determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class A(2019-1) Adverse Event shall have occurred and (z) unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the amount determined pursuant to the preceding proviso.

Required Subordinated Amount of Class C Notes means, for any Tranche of Class A Notes or Class B Notes, the amount determined in accordance with the Terms Document for such Tranche.

Examples of Required Subordinated Amount of Class C Notes in a sentence

• Class B Required Subordinated Amount of Class C Notes and Class B Usage of Class C Required Subordinated AmountsRequiredSubordinated Amountof Class C Notes as ofClass B Usage ofCumulative Class Bthe close of businessClass C RequiredUsage of Class Con the related NoteSubordinated AmountRequiredTranche Transfer Datefor the current periodSubordinated AmountClass B (2017-01) 429,032,028.540.000.00Total 429,032,028.540.000.00C.

• On the issuance date of Class B Notes of a tranche of a Multiple Issuance Series, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes of that series must be at least equal to the Class B Required Subordinated Amount of Class C Notes for that series.

• On the issuance date of Class A Notes of a tranche of a Multiple Issuance Series, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes of that series must be at least equal to the Class A Required Subordinated Amount of Class C Notes for that series.

• Class B Required Subordinated Amount of Class C Notes and Class B Usage of Class C Required Subordinated AmountsRequiredSubordinated Amountof Class C Notes as ofClass B Usage ofCumulative Class Bthe close of businessClass C RequiredUsage of Class Con the related NoteSubordinated AmountRequiredTranche Transfer Datefor the current periodSubordinated AmountClass B (2017-01) 237,096,656.260.000.00Total 237,096,656.260.000.00C.

• Notwithstanding any provision of Section 2.03 of the Indenture Supplement to the contrary, on any date of determination, the available subordinated amount of Class C Notes for the Class B(2007-5) Notes shall be at least equal to the Class B Required Subordinated Amount of Class C Notes for the Class B(2007-5) Notes.

• Class B Required Subordinated Amount of Class C Notes and Class B Usage of Class C Required Subordinated AmountsRequiredSubordinated Amountof Class C Notes as ofClass B Usage ofCumulative Class Bthe close of businessClass C RequiredUsage of Class Con the related NoteSubordinated AmountRequiredTranche Transfer Datefor the current periodSubordinated AmountClass B (2015-01) 300,134,254.020.000.00Class B (2017-01) 300,134,254.020.000.00Total 600,268,508.040.000.00C.

• Notwithstanding any provision of Section 2.03 of the Indenture Supplement to the contrary, on any date of determination, the available subordinated amount of Class C Notes for the Class B(2005-4) Notes shall be at least equal to the Class B Required Subordinated Amount of Class C Notes for the Class B(2005-4) Notes.

• The Omnibus Addendum reduces the required enhancement level for each outstanding tranche of Class B Notes in the following ways: For the Class B Notes, the definition Class B Required Subordinated Amount of Class C Notes has been changed such that the amount of such required subordinated amount that is determined by the related tranche of Class B Note's pro rata share of the Class A Required Subordinated Amount of Class C Notes is now multiplied by 115.38461%.

• On the issuance date of a tranche of Class A Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for all tranches of Class B Notes must be at least equal to the aggregate Class B Required Subordinated Amount of Class C Notes for all tranches of Class B Notes which are Outstanding on that date.

• On the issuance date of a tranche of Class B Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for such tranche of Class B Notes must be at least equal to the Class B Required Subordinated Amount of Class C Notes for such tranche of Class B Notes.

More Definitions of Required Subordinated Amount of Class C Notes

Required Subordinated Amount of Class C Notes means, for the Class B(___-___) Notes for any date of determination, an amount equal to the sum of

Required Subordinated Amount of Class C Notes means, for the Class B(2003-5) Notes, an amount equal to the sum of (a) the Unencumbered Required Subordinated Amount of Class C Notes for such Class B(2003-5) Notes and (b) the Encumbered Required Subordinated Amount of Class C Notes for such Class B(2003-5) Notes; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of Class C Notes for the Class B(2003-5) Notes will not be less than an amount equal to (i) 3.0% of the Initial Dollar Principal Amount of the Class B(2003-