Calculation of Nominal Liquidation Amount. On the date of issuance of a Tranche of CHASEseries Notes and on each Business Day thereafter, the Nominal Liquidation Amount of each Tranche of Outstanding Notes in the CHASEseries shall be the following amount:
(a) as of the date of issuance of such Tranche of CHASEseries Notes, the Initial Dollar Principal Amount of such Tranche of CHASEseries Notes; and
(b) thereafter, the sum of, without duplication:
(i) the Nominal Liquidation Amount of such Tranche of CHASEseries Notes determined on the immediately prior date of determination; plus
(ii) [RESERVED];
(iii) the aggregate amount withdrawn from the Principal Funding Sub-Account pursuant to subsection 3.16(e) for such Tranche since the prior date of determination; plus
(iv) such Tranche’s allocable share of all reimbursements of its Nominal Liquidation Amount Deficit pursuant to subsection 3.02(d) since the prior date of determination determined as set forth in Section 3.07; plus
(v) the aggregate initial principal amount of any additional Notes of such Tranche of CHASEseries Notes issued after the initial issuance date for such Tranche of CHASEseries Notes; minus
(vi) such Tranche’s allocable share of all reallocations of CHASEseries Available Principal Collections pursuant to Section 3.09 since the prior date of determination, determined as set forth in Section 3.11; minus
(vii) the amount of the reduction of the Nominal Liquidation Amount of such Tranche resulting from an allocation of Investor Charge-Offs since the prior date of determination, determined as set forth in Section 3.06; minus
(viii) the amount deposited in the applicable Principal Funding Sub-Account for such Tranche (after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; provided, however, that (1) the Nominal Liquidation Amount of a Tranche of CHASEseries Notes may never be less than zero, (2) the Nominal Liquidation Amount of any Tranche of CHASEseries Notes may never be greater than the Adjusted Outstanding Dollar Principal Amount of such Tranche and (3) the Nominal Liquidation Amount of any Tranche of CHASEseries Notes that has caused a sale of Collateral pursuant to Section 3.22 or which has reached its Legal Maturity Date will be zero. The Nominal Liquidation Amount for the CHASEseries will be the sum of the Nominal Liquidation Amounts of all of the Tranches of CHASEseries Notes.
Calculation of Nominal Liquidation Amount. (a) On or prior to each Distribution Date, the Issuer shall calculate the Nominal Liquidation Amount of the Class A Notes which shall be the following amount:
(i) the Initial Dollar Principal Amount of the Class A Notes, plus
(ii) the aggregate amount of all reimbursements of the Nominal Liquidation Amount Deficit for the Class A Notes pursuant to Section 3.01(f) on or prior to such date, determined as set forth in Section 3.05; minus
(iii) the aggregate amount of the reduction of the Nominal Liquidation Amount of Class A Notes resulting from an allocation of Investor Charge-Offs on or prior to such date, determined as set forth in Section 3.04; minus
(iv) an amount equal to the lesser of (x) the aggregate amount on deposit in the Principal Funding Account (after giving effect to any deposits, allocations, reallocations or withdrawals to be made on such date) and (y) the Outstanding Dollar Principal Amount of the Class A Notes; minus
(v) the aggregate amount of principal payments made to the Class A Noteholders on or prior to such date; provided, however, that (1) the Nominal Liquidation Amount of the Class A Notes may never be less than zero, (2) the Nominal Liquidation Amount of the Class A Notes may never be greater than the Outstanding Dollar Principal Amount of the Class A Notes and (3) the Nominal Liquidation Amount of the Class A Notes following a sale of Receivables pursuant to Section 3.12 will be zero.
(b) On or prior to each Distribution Date, the Issuer shall calculate the Nominal Liquidation Amount of the Class B Notes which shall be the following amount:
(i) the Initial Dollar Principal Amount of the Class B Notes, plus
(ii) the aggregate amount of all reimbursements of the Nominal Liquidation Amount Deficit for the Class B Notes pursuant to Section 3.01(f) on or prior to such date, determined as set forth in Section 3.05; minus
(iii) the amount of the reduction of the Nominal Liquidation Amount of Class B Notes resulting from any reallocations of Series 2006-1 Available Principal Amounts pursuant to Section 3.06(a) or (c) on or prior to such date, determined as set forth in Section 3.07; minus
(iv) the aggregate amount of the reduction of the Nominal Liquidation Amount of Class B Notes resulting from an allocation of Investor Charge-Offs on or prior to such date, determined as set forth in Section 3.04; minus
(v) an amount equal to the lesser of (x) the aggregate amount on deposit in the Principal Funding Account (after giving effect to any ...
Calculation of Nominal Liquidation Amount. On the date of issuance of a Tranche of ONEseries Notes and on each Business Day thereafter, the Nominal Liquidation Amount of each Tranche of Outstanding Notes in the ONEseries shall be the following amount:
(a) as of the date of issuance of such Tranche of ONEseries Notes, the Initial Dollar Principal Amount of such Tranche of ONEseries Notes; and
(b) thereafter, the sum of, without duplication:
(i) the Nominal Liquidation Amount of such Tranche of ONEseries Notes determined on the immediately prior date of determination; plus
(ii) with respect to any Tranche of ONEseries Discount Notes, the aggregate amount of any accretions of principal on that Tranche since the prior date of determination; plus
(iii) the aggregate amount withdrawn from the Principal Funding Sub-Account pursuant to subsection 3.16(e) for such Tranche since the prior date of determination; plus
(iv) such Tranche's allocable share of all reimbursements of its Nominal Liquidation Amount Deficit pursuant to subsection 3.02
