Accumulation Amount definition

Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

Accumulation Amount. For any Distribution Date during the Revolving Period, the aggregate amount on deposit in the Accumulation Account. Act: An Act as specified in Section 11.3(a) of the Indenture.

Accumulation Amount means, for any Payment Date occurring during the Accumulation Period, $12,500,000; provided, however, that if the Accumulation Period Length is determined to be less than 8 months pursuant to Section 2.04(b), the Accumulation Amount for each Payment Date with respect to the Accumulation Period will be equal to (i) the Outstanding Principal Balance of the Class B(2005-B1) Notes divided by (ii) the Accumulation Period Length.

Examples of Accumulation Amount in a sentence

• If the Spot Rate is more favourable than the Knock-Out Rate, the buyer will accumulate a forward position for the Accumulation Amount at the Enhanced Rate for that Fixing; however, if the Spot Rate is not more favourable than the Knock-Out Rate at a subsequent Fixing, no Accumulation will occur in respect of such subsequent Fixing.

• This means that if at the Fixing, the Spot Rate is more favourable than the Knock-Out Rate, but less favourable than or equal to the Enhanced Rate, the buyer will accumulate an obligation to deal the Accumulation Amount at the Enhanced Rate.

• This is typically 2x the Accumulation Amount and the exact amount will be agreed by you and WUIB at the trade date.

• We cannot assure you that collections of principal receivables in the trust portfolio will be similar to the payment rate experience shown in the table under "MBNA's Credit Card Portfolio--The Bank Portfolio--Payment Rates" in this prospectus supplement, or that, therefore, deposits into the principal funding account will equal the Controlled Accumulation Amount.

• There can be no assurance that collections of Principal Receivables with respect to the Trust Portfolio will be similar to the historical experience set forth above or that deposits into the Principal Funding Account or the Distribution Account, as applicable, will be made in accordance with the applicable Controlled Accumulation Amount.

More Definitions of Accumulation Amount

Accumulation Amount means the sum of the Class A Accumulation Amount and the Class B Accumulation Amount.

Accumulation Amount means $56,250,000; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

Accumulation Amount means, for any Payment Date occurring during the Accumulation Period, $[o]; provided, however, that if the Accumulation Period Length is determined to be less than 8 months pursuant to subsection 2.04(a), the Accumulation Amount for each Payment Date with respect to the Accumulation Period will be equal to (i) the Outstanding Principal Balance of the Class B(200[o]-[o]) Notes divided by (ii) the Accumulation Period Length.

Accumulation Amount means $[•]; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.]

Accumulation Amount means, for any Tranche of Notes, (x) the Accumulation Amount specified in the applicable Terms Document for such Tranche, or (y) if no such amount is specified, or if the commencement of the Accumulation Period is delayed in accordance with Section 4.02, an amount equal to the Nominal Liquidation Amount of such Tranche as of the first day of the Accumulation Period divided by the Accumulation Period Length (in each case, as adjusted to give effect to any issuance of additional Notes in such Tranche and as further adjusted following any Excess Spread Early Redemption Cure in accordance with Section 4.01(c)).

Accumulation Amount if applicable, shall have the meaning set forth in the Series Term Sheet; provided, however, that such amount may be adjusted pursuant to Section 24 or 25. "Accumulation Commencement Date," if applicable, shall have the meaning set forth in the Series Term Sheet.

Accumulation Amount means $350,000,000.