Class A Fixed Allocation Percentage means, for any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, (a) the numerator of which is the Class A Invested Amount as of the close of business on the last day of the Revolving Period and (b) the denominator of which is equal to the Invested Amount as of the close of business on the last day of the Revolving Period.
Class A Fixed Allocation Percentage means, for any Due Period during the Fixed Allocation Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, (a) the numerator of which is the Class A Investor Interest as of the close of business on the last day of the Revolving Period and (b) the denominator of which is equal to the Investor Interest as of the close of business on the last day of the Revolving Period.
Class A Fixed Allocation Percentage means, with respect to any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the Class A Invested Amount as of the last day of the Revolving Period and the denominator of which is equal to the greater of (i) the sum of (a) the Aggregate Principal Receivables in the Trust as of the last day of the immediately preceding Collection Period (or the Closing Date, in the case of the first Collection Period applicable to Series 1998-1) plus (b) the Excess Funding Amount at the end of such day and (ii) the sum of the numerators used to calculate the corresponding Invested Percentages with respect to all Classes of all Series outstanding as of the date on which such determination is being made; provided, however, that, with respect to any Collection Period during which Supplemental Accounts are included as Accounts pursuant to Section 2.6(a) or Section 2.6(b), the denominator in clause (i) above shall be increased by the amount of Principal Receivables in such Supplemental Accounts as of the Supplemental Cut-Off Date on and after the Supplemental Closing Date applicable to such Supplemental Accounts; and, provided further, that if the Series 1998-1 Certificates are paired with a Paired Series and the Early Amortization Period (as defined in the Supplement for such Paired Series) commences, the Transferor may, by written notice to the Trustee and Servicer, designate a different numerator to be used to determine such percentage (provided that such numerator is not less than the Class A Invested Amount as of the last day of the Revolving Period (as defined in the Supplement for such Paired Series)).
More Definitions of Class A Fixed Allocation Percentage
Class A Fixed Allocation Percentage means for any Business Day the percentage equivalent of a fraction, the numerator of which is the Class A Invested Amount at the end of the last day of the Revolving Period and the denominator of which is the greater of (a) the aggregate amount of Principal Receivables in the Trust and the amount on deposit in the Equalization Account as of the end of the last day of the Revolving Period and (b) the sum of the numerators used to calculate the allocation percentages with respect to Principal Collections for all Series.
Class A Fixed Allocation Percentage means, with respect to any ----------------------------------- Due Period, the percentage equivalent of a fraction, the numerator of which is equal to the Class A Invested Amount as of the last day of the Revolving Period and the denominator of which is equal to the greater of (i) the sum of (a) the Aggregate Principal Receivables in the Trust as of the last day of the immediately preceding Due Period and (b) the Excess Funding Amount at the end of such last day and (ii) the sum of the numerators used to calculate the corresponding invested percentages for all Series outstanding as of the date on which such determination is being made; provided, however, that, with respect to -------- ------- any Due Period in which Additional Accounts are included as Accounts pursuant to Section 2.6(a) or Section 2.6(b), the amount calculated in clause (i) above shall be increased by the amount of Principal Receivables in such Additional Accounts as of the Additional Account Cut Off Date on and after the Additional Account Closing Date applicable to such Additional Accounts; and, provided -------- further, that if the Series 2000-[__] Certificates are paired with a Paired ------- Series and the Early Amortization Period (as defined in the Supplement for such Paired Series) commences, the Transferor may, by written notice to the Trustee and the Servicer, designate a different numerator to be used to determine such percentage (provided that such numerator is not less than the Class A Invested Amount as of the last day of the Revolving Period (as defined in the Supplement for such Paired Series)).
Class A Fixed Allocation Percentage means, for any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100% or be less than zero) of a fraction, the numerator of which is the Class A Invested Amount as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the numerator used in determining the related Fixed Allocation Percentage; provided that if Series 1996-A is paired with a Paired Series and an Early Amortization Event occurs with respect to such Paired Series during the Controlled Amortization Period, Transferor may, by written notice delivered to Trustee and Servicer, but only after satisfaction of the Rating Agency Condition with respect to the Class A Certificates (if any Class A Certificates remain outstanding) and the Class B Certificates (if any Class B Certificates remain outstanding), designate a different numerator (provided that such numerator is not less than the Class A Invested Amount (less the balance on deposit in the Principal Account that is not subject to being treated as Reallocated Principal Collections or Shared Principal Collections) as of the last day of the revolving period for such Paired Series).
Class A Fixed Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is (x) during the Controlled Amortization Period, the Class A Invested Amount as of the last day of the Revolving Period and (y) during the Rapid Amortization Period, the Class A Invested Amount as of the last day of the Revolving Period, or, if less, the last numerator used to calculate the Class A Fixed Allocation Percentage in the Controlled Amortization Period, if any, and the denominator of which is the greater of (a) the sum of the total amount of Principal Receivables in the Trust and the amount on deposit in the Excess Funding Account as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Closing Date) and (b) the sum of the numerators used to calculate the principal allocation percentages for all Classes outstanding as of the date as to which such determination is being made; provided (x) that if Series 2000-1 is paired with a Paired Series and a rapid amortization event occurs with respect to such Paired Series during the Controlled Amortization Period, the Seller may, after satisfying the Rating Agency Condition with respect to the Series 2000-1 Certificates, by written notice delivered to the Trustee and the Servicer, designate a different numerator (provided that such numerator is not less than the Class A Invested Amount minus the amounts available in the Excess Funding Account allocable to the Class A Certificates as of the last day of the revolving period for such Paired Series) and (y) during the Controlled Amortization Period, at the option of the Seller, after satisfying the Rating Agency Condition with respect to the Series 2000-1 Certificates, the numerator of the Class A Fixed Allocation Percentage may be reduced below the numerator used in the previous Monthly Period to an amount not less than the greater of (A) the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and (B) an amount that, if used as the numerator of the Class A Fixed Allocation Percentage for the remainder of the Controlled Amortization Period, would assure that the Class A Principal would equal at least 125% of the Class A Controlled Amortization Amount for each Monthly Period for so long as the Class A Invested Amount is greater than zero assuming for this purpose that (1) the payment rate with respect to Collections of Principal Receivables remains constant at a lev...
Class A Fixed Allocation Percentage means, for any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100% or be less than zero) of a fraction, the numerator of which is the Class A Invested Amount as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the numerator used in determining the related Fixed Allocation Percentage; provided that if Series 1999-A is paired with a Paired Series and an Early Amortization Event occurs with respect to such Paired Series during the Controlled Accumulation Period, Transferor may, by written notice delivered to Trustee and Servicer, but only after satisfaction of the Rating Agency Condition with respect to the Class A Certificates (if any Class A Certificates remain outstanding) and the Class B Certificates (if any Class B Certificates remain outstanding), designate a different numerator (provided that such numerator is not less than the Class A Adjusted Invested Amount (less the balance on deposit in the Principal Account that is not subject to being treated as Reallocated Principal Collections or Shared Principal Collections) as of the last day of the revolving period for such Paired Series).
Class A Fixed Allocation Percentage means, with respect to any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the Class A Invested Amount as of the last day of the Revolving Period and the denominator of which is equal to the greater of (i) the sum of (a) the Aggregate Principal Receivables in the Trust as of the last day of the immediately preceding Collection Period (or the Closing Date, in the case of the first Collection Period applicable to Series 1997-2) plus (b) the Excess Funding Amount at the end of such day and (ii) the sum of the numerators used to calculate the corresponding Invested Percentages with respect to all Classes of all Series outstanding as of the date on which such determination is being made; provided, however, that, with respect to any Collection Period during which Supplemental Accounts are included as Accounts pursuant to Section 2.6(a) or Section 2.6(b), the denominator in clause (i) above shall be increased by the amount of Principal Receivables in such Supplemental Accounts as of the Supplemental Cut Off Date on and after the Supplemental Closing Date applicable to such Supplemental Accounts.
Class A Fixed Allocation Percentage. With respect to any Distribution Date prior to the first Reset Date, _____%, and with respect to any Distribution Date that is a Reset Date and for each Distribution Date thereafter until the next Reset Date, the percentage equivalent of a fraction, the numerator of which is the Invested Amount as of the end of the related