Series Default Amount means, with respect to each Business Day, an amount equal to the product of the Default Amount identified since the prior reporting date and the Floating Percentage applicable for such Business Day.
Series Default Amount means, with respect to any Monthly Period, an amount equal to the product of (a) the Defaulted Amount for such Monthly Period and (b) the Floating Allocation Percentage for such Monthly Period.
Series Default Amount means, with respect to any Monthly Period, an amount equal to the Default Amount allocated to the Series [•] Notes pursuant to Section 4.01(d).
Examples of Series Default Amount in a sentence
On each Determination Date, the Servicer shall calculate the aggregate Series Default Amount for the preceding Monthly Period with respect to each Series.
On each Determination Date, the Servicer shall calculate the Series Default Amount for the related Distribution Date.
Series Default Amount for Monthly Period (line 7 times line 11) $ 4,619,661.27 D.
On each Determination Date, the Servicer shall calculate the Series Default Amount and any Uncovered Dilution Amount for the related Distribution Date.
On each Distribution Date, the Servicer shall allocate to the Holder of the Exchangeable Certificate an amount equal to the product of (x) the Exchangeable Holder's Percentage in effect on such date and (y) the amount of Series Default Amount for the Related Collection Period.
More Definitions of Series Default Amount
Series Default Amount means (i) on any Business Day other than a Default Recognition Date, an amount equal to the product of (a) the Floating Percentage applicable on such Business Day and (b) the aggregate Default Amount identified since the prior reporting date and (ii) on any Default Recognition Date, an amount equal to the product of (a) the Default Recognition Allocation Percentage applicable on such Default Recognition Date and (b) the Default Amount with respect to such Default Recognition Date.
Series Default Amount shall have, with respect to any Series of Securities, the meaning stated in the related Supplement.
Series Default Amount means, with respect to any Distribution Date, an amount equal to the product of (a) the Defaulted Amount for the Related Collection Period, and (b) the Series 1994-1 Allocation Percentage for the Related Collection Period.
Series Default Amount means (i) on any Business Day other than a Default Recognition Date, an amount equal to the product of (a) the Floating Percentage applicable on such Business Day and (b) the aggregate Default Amount identified since the prior reporting date and (ii) on any Default Recognition Date, an amount equal to the product of (a) the Default Recognition Percentage applicable on such Default Recognition Date and (b) the Default Amount with respect to such Default Recognition Date.
Series Default Amount means, for each Allocation Day, an amount equal to the product of (a) the amount of the Default Amounts recognized on such Allocation Day but prior to the beginning of the current Allocation Day and (b) the Series 2000-1 Allocation Percentage applicable to the allocation of Default Amounts as of such Allocation Day.
Series Default Amount means, with respect to any Due Period, an amount equal to the Allocable Defaulted Amount for such Due Period.
Series Default Amount. On each Business Day, the Trustee, acting in accordance with instructions from the Servicer, shall apply, an amount equal to the lesser of (x) any Available Series 1998-3 Finance Charge Collections remaining after giving effect to the applications pursuant to subsections 4.9(a)(i) through (iv) and (y) the sum of (1) the aggregate Series Default Amount for such Business Day plus (2) the unpaid Series Default Amount for each previous Business Day during such Monthly Period, such amount to be (A) treated as Shared Principal Collections during the Revolving Period and (B) treated as Available Series 1998-3 Principal Collections during the Amortization Period.