Class A Accumulation Amount means, on any Payment Date during the Revolving Period, an amount not less than zero equal to the lesser of (a) the Class A Principal Payment Amount and (b) (i) the Class A Available Redemption Collections minus (ii) the sum of the Class A Amortisation Amount to be paid with respect to the Class A Notes on such Payment Date.
Class A Accumulation Amount means, on any Payment Date during the Revolving Period, an amount no less than zero equal to the lesser of (a) the Class A Principal Payment Amount and (b) the Class A Available Redemption Collections.
Class A Accumulation Amount means, on any Payment Date during the Revolving Period, the lesser of (a) the Class A Principal Payment Amount and (b) (i) the Class A Available Redemption Collections minus (ii) the Class A Amortisation Amount to be paid on such Payment Date.
Examples of Class A Accumulation Amount in a sentence
With respect to repayment of this ABS, Senior Notes use a fixed interest rate and are pass-through, and payments of both principal and interests are made on a monthly basis.Normally, the Distributable Amount that shall be no more than the Class A Accumulation Amount is used for additional purchase in the revolving period.
More Definitions of Class A Accumulation Amount
Class A Accumulation Amount means, on any Payment Date during the Revolving Period, the lesser of (a) the Class A Cash Component and (b) (i) the Class A Available Redemption Collections minus