Average Excess Spread Percentage means, on any Determination Date, the average (expressed as a per annum rate) of the Excess Spread Percentages for the three consecutive Monthly Periods preceding such date."
Average Excess Spread Percentage means, as of any Distribution Date, the average of the Excess Spread Percentages for the three consecutive Collection Periods preceding such Distribution Date.
Average Excess Spread Percentage means, for any Distribution Date, the percentage determined as follows:
Examples of Average Excess Spread Percentage in a sentence
Three-Month Average Excess Spread Percentage % 8.04% ------------------ ------------------ c.
Thorough knowledge of organizational and administrative policies.
Three-Month Average Excess Spread Percentage % 7.90% ------------------ ------------------ c.
Cause to be funded into the Credit Agreement Reserve Securities Account all amounts to be funded under, and shall comply with all of the terms of, the Credit Agreement Reserve Securities Account Control Agreement if, as set forth in such Agreement, the Rolling Three Month Average Excess Spread Percentage goes below 2% (1.88% for the August 2003 CARS Account Monitoring Date) with respect to the Metris Master Trust as a whole.
For so long as there is an Outstanding Series or Class that is rated by a Rating Agency, such Rating Agency shall be provided notice if the Three-Month Average Excess Spread Percentage falls below the levels set forth in either subsections 9(a) or 9(b).
More Definitions of Average Excess Spread Percentage
Average Excess Spread Percentage means, for any -------------------------------- Distribution Date, the average of the Excess Spread Percentage for the three consecutive Monthly Periods preceding such Distribution Date; provided, however, that (i) for the August, 1999 Distribution Date, the Average Excess Spread Percentage shall equal the Excess Spread Percentage for the July, 1999 Monthly Period (and further provided that the Excess Spread Percentage for such Monthly Period shall be calculated by accruing Monthly Interest from the Closing Date through and including the last day of such Monthly Period); and (ii) for the September, 1999 Distribution Date, the Average Excess Spread Percentage shall equal the average of the Excess Spread Percentages calculated for the July, 1999 Monthly Period (as calculated pursuant to the preceding clause (i)) and for the August, 1999 Monthly Period.
Average Excess Spread Percentage means, as of any Month End Date, the average of the Cumulative Excess Spread Percentage for each of the three most recently completed Settlement Periods including the Settlement Period ending on such Month End Date.
Average Excess Spread Percentage means, with respect to any -------------------------------- Distribution Date, the average of the Excess Spread Percentages for the three consecutive Due Periods preceding such Distribution Date; provided, however, -------- ------- that (i) the Average Excess Spread Percentage with respect to the first Distribution Date shall equal the Excess Spread Percentage for the preceding Due Period and (ii) the Average Excess Spread Percentage with respect to the second Distribution Date shall equal the average of the Excess Spread Percentages for the two consecutive Due Periods preceding such Distribution Date.
Average Excess Spread Percentage means, for any Settlement Date, the average of the Portfolio Excess Spread Percentages for the two immediately preceding Due Periods.
Average Excess Spread Percentage. Base Reserve: ------------------------- ------------ <2.0% 6.0% >= 2.0% and < 3.0% 5.0% >= 3.0% and < 4.0% 4.0% >= 4.0% and < 5.0% 3.0% >= 5.0% and < 6.0% 2.0% >= 6.0% 0.0% ; provided that the Base Reserve for any Settlement Date may only be reduced to a percentage lower than the Base Reserve for the preceding Settlement Date if the Average Excess Spread Percentage has equaled or exceeded the percentage specified as the lower bound of the range of Average Excess Spread Rate Percentages specified for such lower Base Reserve for two consecutive Settlement Dates.
Average Excess Spread Percentage means, for any Distribution Date, the average of the Excess Spread Percentage for the three consecutive Monthly Periods preceding such Distribution Date; provided, however, that (i) for the December 2001 Distribution Date, the Average Excess Spread Percentage shall equal the Excess Spread Percentage for the November 2001 Monthly Period; and (ii) for the January 2002 Distribution Date, the Average Excess Spread Percentage shall equal the average of the Excess Spread Percentages calculated for the November 2001 Monthly Period (as calculated pursuant to the preceding clause (i)) and for the December 2001 Monthly Period.
Average Excess Spread Percentage means, for any Distribution Date, the average of the Excess Spread Percentages for the three consecutive Collection Periods preceding such Distribution Date; provided, however, that (i) the Average Excess Spread Percentage for the first Distribution Date shall equal the Excess Spread Percentage for the preceding Collection Period and (ii) the Average Excess Spread Percentage for the second Distribution Date shall equal the average of the Excess Spread Percentages for the two consecutive Collection Periods preceding such Distribution Date.