Target Reinvestment Amount. As of any Distribution Date during the Revolving Period, the excess, if any, of the sum of (i) the Aggregate Note Principal Balance as of the preceding Distribution Date or the Initial Closing Date, as applicable, and (ii) the Overcollateralization Target Amount, over the Aggregate Receivables Principal Balance as of the last day of the Monthly Period related to such Distribution Date.
Appears in 16 contracts
Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2015-2)
Target Reinvestment Amount. As of any Distribution Date during the Revolving Period, the excess, if any, of the sum of (i) the Aggregate Note Principal Balance as of the preceding Distribution Date or the Initial Closing Date, as applicable, and (ii) the Overcollateralization Target Amount, over the Aggregate Receivables Principal Balance as of the last day of the Monthly Period related to such Distribution Date.]
Appears in 5 contracts
Samples: Servicing Agreement (Ally Auto Assets LLC), Servicing Agreement (Ally Auto Assets LLC), Servicing Agreement (Ally Auto Assets LLC)
Target Reinvestment Amount. As of any Distribution Date during the Revolving Period, the excess, if any, of the sum of (i) the Aggregate Note Principal Balance as of the preceding Distribution Date or the Initial Closing Date, as applicable, and over the remainder of (iii) the Overcollateralization Target Amount, over the Aggregate Receivables Principal Balance as of the last day of the Monthly Period related to such current Distribution DateDate minus (ii) the Overcollateralization Target Amount.]
Appears in 2 contracts
Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC), Trust Sale and Servicing Agreement (Ally Auto Assets LLC)
