Class A Covered Amount means, with respect to any Monthly Period, one-twelfth of the product of (a) the Class A Certificate Rate and (b) the Class A Principal Funding Account Balance, if any, for such Monthly Period.

Class A Covered Amount means an amount determined as of each ---------------------- Transfer Date with respect to any Interest Accrual Period as the product of (a) a fraction, the numerator of which is the actual number of days in such Interest Accrual Period and the denominator of which is 360, (b) the Class A Certificate Rate in effect with respect to such Interest Accrual Period, and (c) the Principal Funding Account Balance as of the Distribution Date preceding such Transfer Date after giving effect to all payments, deposits and withdrawals on such Distribution Date.

Class A Covered Amount shall have the meaning specified in ---------------------- subsection 4.06(a) of the Agreement.

Examples of Class A Covered Amount in a sentence

On the Determination Date preceding each Payment Date, the Servicer shall determine the excess, if any (the "Class A Interest Shortfall") of (x) the aggregate Class A Monthly Interest plus the aggregate Class A Covered Amount for the Interest Period applicable to such Payment Date over (y) the amount which will be on deposit in the Class A Interest Funding Account on such Payment Date.
On the Determination Date preceding each Class A Payment Date, the Servicer shall determine the excess, if any (the "Class A Interest Shortfall") of (x) the aggregate Class A Monthly Interest plus the aggregate Class A Covered Amount for the Interest Period applicable to such Class A Payment Date over (y) the amount which will be on deposit in the Class A Interest Funding Account on such Class A Payment Date.
If, for any Transfer Date, the Principal Funding Investment Proceeds are less than the Class A Covered Amount, the amount of such deficiency (the "Class A Principal Funding Investment Shortfall") shall be paid, to the extent available, from the Reserve Account and, if necessary, from Excess Spread and Reallocated Principal Collections.

More Definitions of Class A Covered Amount

Class A Covered Amount means an amount determined as of each Transfer Date with respect to any Calculation Period during the Controlled Accumulation Period prior to the payment in full of the Class A Investor Interest, equal to the product of (a) (i) a fraction, the numerator of which is the actual number of days in such Calculation Period and the denominator of which is 365 (or 366 in the case of any Calculation Period ending in a leap year), and (b) the Class A Finance Rate in effect with respect to such Calculation Period, and (c) the Principal Funding Account Balance as of the last day of the Monthly Period preceding the Monthly Period in which such Calculation Period ends;

Class A Covered Amount means an amount determined as of each Distribution Date with respect to any Calculation Period during the Controlled Accumulation Period prior to the payment in full of the Class A Investor Interest, equal to the product of (a) a fraction, the numerator of which is the actual number of days in such Calculation Period and the denominator of which is 365 (or 366 in the case of any Finance Period ending in a leap year), and (b) the Class A LN Rate in effect with respect to such Calculation Period, and (c) the portion of the Principal Funding Account Balance for Series 2006-2 allocated to Class A as of the last day of the Monthly Period preceding the Monthly Period in which such Calculation Period ends;

Class A Covered Amount equals for any Distribution Date, the product of (i) the Class A Note Interest Rate for the related Interest Period, (ii) a fraction, whose numerator is the actual number of days in such Interest Period, and whose denominator is 360; and (iii) the balance of the Principal Funding Account on the first day of that Interest Period, up to the Class A Note Principal Balance as of the related Record Date.

Class A Covered Amount means, with respect to any Interest Accrual Period prior to the payment in full of the Class A Invested Amount, the product of (a) the Class A Certificate Rate in effect with respect to such Interest Accrual Period, (b) a fraction the numerator of which is the actual number of days in such Interest Accrual Period and the denominator of which is 360, and (c) the Principal Funding Account Balance as of the first day of such Interest Accrual Period.

Class A Covered Amount means, for any Distribution Date with respect to the Class A Accumulation Period or the first Special Payment Date (on or prior to the Class A Expected Final Payment Date), an amount equal to the product of (a) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, (b) the Class A Certificate Rate for such Interest Period and (c) the Principal Funding Account Balance, if any, with respect to the Class A Certificates as of the preceding Distribution Date.

Class A Covered Amount means an amount determined as of each Transfer Date with respect to any Calculation Period during the Controlled Accumulation Period prior to the payment in full of the Class A Investor Interest, equal to the product of (a) (i) a fraction, the numerator of which is the actual number of days in such Calculation Period and the denominator of which is 365, and (b) the Class A LN Rate in effect with respect to such Calculation Period, and (c) the Principal Funding Account Balance for Series 2005-A as of the last day of the Monthly Period preceding the Monthly Period in which such Calculation Period ends;

Class A Covered Amount shall have the meaning specified in subsection ---------------------- 4.06