Asset Pool One Required Transferor Amount Percentage definition

Asset Pool One Required Transferor Amount Percentage means 5% or such other percentage as shall be designated from time to time by the Servicer; provided, however, that prior to designating any lesser percentage the Servicer shall have provided to the Indenture Trustee and the Collateral Agent an Issuing Entity Tax Opinion and written confirmation from each Note Rating Agency that such designation shall not have a Ratings Effect.
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Asset Pool One Required Transferor Amount Percentage means 4% or such other percentage as shall be designated from time to time by the Servicer; provided, however, that prior to designating any lesser percentage the Servicer shall have provided to the Indenture Trustee and the Collateral Agent an Issuer Tax Opinion and written confirmation from each Note Rating Agency that such designation shall not have a Ratings Effect.
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Asset Pool One Required Transferor Amount Percentage means [__]% or such other percentage as will be designated from time to time by the transferors, but, if that other percentage is less than [__]%, the transferors must provide the indenture trustee with written confirmation that the Rating Agency Condition has been satisfied and an Issuer Tax Opinion.
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Related to Asset Pool One Required Transferor Amount Percentage

  • Transferor Amount means (a) prior to the Certificate Trust Termination Date, the "Transferor Amount" under (and as defined in) the Pooling and Servicing Agreement and (b) on and after the Certificate Trust Termination Date, the "Transferor Amount" as defined in Annex A to the Indenture. For purposes of determining the Transferor Amount on any date of determination, any amount deposited into the Principal Account in respect of a Potential Shortfall shall be deemed not to be on deposit in the Principal Account.