Class A Required Enhancement Amount definition

Class A Required Enhancement Amount means, on any date, an amount equal to the product of (a) the Class A Required Enhancement Percentage and (b) the Class A Adjusted Invested Amount on such date; provided, however, that, after the declaration or occurrence of an Amortization Event with respect to the Series 2014-1 Notes, the Class A Required Enhancement Amount shall equal the Class A Required Enhancement Amount on the date of the declaration or occurrence of such Amortization Event.
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Class A Required Enhancement Amount means, as of any date of determination, the sum of (i) the product of (x) the Class A Required Enhancement Percentage as of such date and (y) the Class A Adjusted Principal Amount as of such date and (ii) the Class A Required Incremental Enhancement Amount as of such date; provided, however, that, as of any date of determination after the occurrence of a Series 2009-2 Limited Liquidation Event of Default, the Class A Required Enhancement Amount shall equal the lesser of (x) the Class A Adjusted Principal Amount as of such date and (y) the sum of (l) the product of the Class A Required Enhancement Percentage as of such date of determination and the Class A Adjusted Principal Amount as of the date of the occurrence of such Series 2009-2 Limited Liquidation Event of Default and (2) the Class A Required Incremental Enhancement Amount as of such date of determination.
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Class A Required Enhancement Amount means, as of any date of determination, the sum of (i) the product of the Class A Required Enhancement Percentage as of such date and the Class A Adjusted Principal Amount as of such date and (ii) the Class A Required Enhancement Incremental Amount as of such date; provided, however, that, as of any date of determination after the occurrence of a Series 2005-1 Limited Liquidation Event of Default, the Class A Required Enhancement Amount shall equal the lesser of (x) the Class A Adjusted Principal Amount as of such date and (y) the sum of (1) the product of the Class A Required Enhancement Percentage as of such date of determination and the Class A Adjusted Principal Amount as of the date of the occurrence of such Series 2005-1 Limited Liquidation Event of Default and (2) the Class A Required Enhancement Incremental Amount as of such date of determination.
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More Definitions of Class A Required Enhancement Amount

Class A Required Enhancement Amount shall be deleted in its entirety and replaced with the following:
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Class A Required Enhancement Amount means, as of any date of determination, the sum of (i) the product of (x) the Class A Required Enhancement Percentage as of such date and (y) the Class A Adjusted Principal Amount as of such date, (ii) the product of (A) the sum of the Net Book Value of each Eligible Vehicle that is subleased by Hertz to Simply Wheelz LLC (d/b/a Advantage Rent a Car) pursuant to the Advantage Sublease as of such date, (B) the Series 2009-2 Percentage as of such date, and (C) 0.10, and (iii) the Class A Required Incremental Enhancement Amount as of such date; provided, however, that, as of any date of determination after the occurrence of a Series 2009-2 Limited Liquidation Event of Default, the Class A Required Enhancement Amount shall equal the lesser of (x) the Class A Adjusted Principal Amount as of such date and (y) the sum of (1) the product of the Class A Required EXECUTION COPY Enhancement Percentage as of such date of determination and the Class A Adjusted Principal Amount as of the date of the occurrence of such Series 2009-2 Limited Liquidation Event of Default, (2) the product of (A) the sum of the Net Book Value of each Eligible Vehicle that is subleased by Hertz to Simply Wheelz LLC (d/b/a Advantage Rent a Car) pursuant to the Advantage Sublease as of such date of determination, (B) the Series 2009-2 Percentage as of such date, and (C) 0.10, and (3) the Class A Required Incremental Enhancement Amount as of such date.
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Related to Class A Required Enhancement Amount

  • Class A Required Amount shall have the meaning specified in subsection 4.04(a).

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cutoff Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Required Amount means, with respect to any Monthly Period, the sum of the Class A Required Amount, the Class B Required Amount and the Collateral Senior Required Amount.