Adjusted Collateral Amount definition

Adjusted Collateral Amount means, on any Distribution Date, during the Revolving Period, an amount equal to the sum of: (i) the Collateral Amount; and (ii) the amount on deposit in the Principal Collection Account.
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Adjusted Collateral Amount. On any Payment Date during the Revolving Period, an amount equal to the sum of: (i) the Collateral Amount; and (ii) the amount on deposit in the Principal Collection Account.
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Adjusted Collateral Amount is defined, with respect to any Series (if -------------------------- applicable to that Series), in the related Indenture Supplement, or if no meaning for such term is specified in such Supplement, shall mean the Collateral Amount for such Series.
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Examples of Adjusted Collateral Amount in a sentence

  • If on any Distribution Date during the Revolving Period there are not sufficient Eligible Loans for purchase by the Issuer to cause the Collateral Amount to equal or exceed the Minimum Collateral Amount, an amount necessary to cause the Adjusted Collateral Amount to equal the Minimum Collateral Amount will remain on deposit in the Principal Collection Account.

  • If on any Distribution Date during the Revolving Period there are not sufficient Eligible Loans for purchase by the Issuer to cause the Collateral Amount to equal the Minimum Collateral Amount, an amount necessary to cause the Adjusted Collateral Amount to equal the Minimum Collateral Amount will remain on deposit in the Principal Collection Account.

  • If on any Distribution Date during the Revolving Period there are not sufficient Eligible Dealer Loans for purchase by the Issuer to cause the Collateral Amount to equal the Minimum Collateral Amount, an amount necessary to cause the Adjusted Collateral Amount to equal the Minimum Collateral Amount will remain on deposit in the Principal Collection Account.

  • Notwithstanding anything herein to the contrary, (i) during the Revolving Period, such payments shall not be required if the Adjusted Collateral Amount is equal to or greater than the Minimum Collateral Amount; and (ii) during the Amortization Period, the Servicer's obligation to make such payments may be waived with the prior written consent of the Class A Insurer.

  • Notwithstanding anything herein to the contrary, (i) during the Revolving Period such payments shall not be required if the Adjusted Collateral Amount is equal to or greater than the Minimum Collateral Amount, and (ii) during the Amortization Period, the Seller's obligation to make such payments may be waived with the prior written consent of the Class A Insurer.


More Definitions of Adjusted Collateral Amount

Adjusted Collateral Amount. For any Collateral, (a) if such Collateral is not a Collateral Obligation, the Principal Balance of such Collateral, and (b) if such Collateral is a Collateral Obligation, the product of: (i) the Principal Balance of such Collateral Obligation, multiplied by (ii) the related Purchase Price Percentage for such Collateral Obligation (it being agreed that, to the extent that multiple purchases of the same Collateral Obligation occur on different purchase dates, the calculation of Principal Balance shall be done on a lot basis, based on the Purchase Price Percentage obtained for each portion of such Collateral Obligation purchased on its related purchase date).
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Adjusted Collateral Amount means, as of any date of determination, an -------------------------- amount equal to the Collateral Amount as of such date, minus the amount on deposit in the Principal Accumulation Account on such date.
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Adjusted Collateral Amount is defined, with respect to any Series or any Class of a Series (if applicable to that Series), in the related Indenture Supplement, or if no meaning for such term is specified in such Supplement, shall mean the Collateral Amount for such Series.
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Adjusted Collateral Amount. On any Payment Date during the Revolving Period, an amount equal to the sum of: (i) the Collateral Amount; and (ii) the amount on deposit in the Principal Collection Account. Adjusted Eurodollar Rate: For any Accrual Period, an interest rate per annum equal to a fraction, expressed as a percentage and rounded upwards (if necessary), to the nearest 1/100 of 1%, (i) the numerator of which is equal to the LIBOR Rate for such Accrual Period and (ii) the denominator of which is equal to 100% minus the Eurodollar Reserve Percentage for such Accrual Period.
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Adjusted Collateral Amount means, as of any particular date of -------------------------- determination, the Collateral Amount as of that date, minus the amount on deposit in the applicable Series Account, as described in any Indenture Supplement.
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Related to Adjusted Collateral Amount

  • Minimum Collateral Amount means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time and (b) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion.

  • Collateral Amount means, as of any date of determination, an amount equal to the excess of (a) the Initial Collateral Amount, over (b) the sum of (i) the amount of principal previously paid to the Series 2012-1 Noteholders (other than any principal payments made from funds on deposit in the Spread Account), (ii) reductions in the Collateral Amount pursuant to Section 4.4(f), (iii) the Principal Accumulation Account Balance, and (iv) the excess, if any, of the aggregate amount of Investor Charge-Offs and Reallocated Principal Collections over the reimbursements of such amounts pursuant to Section 4.4(a)(vii) prior to such date.