Class A Target Balance definition

Class A Target Balance means the positive difference, if any, of the Collateral Balance over the Class A Target Overcollateralization Amount.
Sample 1Sample 2Sample 3
Class A Target Balance. (i) For each Payment Date (a) prior to the Stepdown Date, (b) on which a Trigger Event is in effect or (c) on which the Pool Principal Balance is less than or equal to 20% of the Pool Principal Balance as of the Cut-off Date, zero and (ii) for each Payment Date on or after the Stepdown Date provided that a Trigger Event is not in effect and that the Pool Principal Balance is greater than 20% of the Pool Principal Balance as of the Cut-off Date, the Pool Principal Balance minus the greater of (x) 63.00% of the Pool Principal Balance and (y) the Overcollateralization Target Amount for such Payment Date; provided, however, that, in no event will the Class A Target Balance for any Payment Date be greater that the Class A Note Balance as of the day immediately preceding such Payment Date.
Sample 1Sample 2
Class A Target Balance means the positive difference, if any, of the Collateral Balance over the Class A Target Overcollateralization Amount. “Class A Target Overcollateralization Amount” means (a) as of any Payment Date prior to the occurrence of a Trigger Event, the greater of (i) 34.75%
Sample 1

More Definitions of Class A Target Balance

Class A Target Balance. As of any Payment Date, the Pool Principal Balance for that Payment Date minus the Overcollateralization Target Amount for that Payment Date; provided, however, that, in no event will the Class A Target Balance for any Payment Date be greater than the Class A Note Balance as of the day immediately preceding such Payment Date.
Sample 1
Class A Target Balance will equal (i) for each payment date prior to the stepdown date, on which a trigger event is in effect or on which the pool principal balance is less than or equal to [20% ]of the pool principal balance as of the cut-off date, zero and (ii) for each payment date on or after the stepdown date provided that a trigger event is not in effect and that the pool principal balance is greater than [20%] of the pool principal balance as of the cut-off date, the pool principal balance minus the greater of (x) __%% of the pool principal balance and (y) the overcollateralization target amount for that payment date; provided, however, that, in no event will the Class A target balance for any payment date be greater that the Class A note balance as of the day immediately preceding that payment date.
Sample 1

Related to Class A Target Balance

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • Initial Component Balance As specified in the Preliminary Statement.

  • Class C Invested Amount means, as of a date, an amount (not less than zero) equal to (a) the initial Note Balance of the Class C Notes, minus (b) the aggregate amount of any principal payments made to the Noteholders of the Class C Notes before that date, minus (c) the cumulative amount of unreimbursed Investor Charge-Offs applied to reduce the Class C Invested Amount under Section 4.3 of the Indenture Supplement before that date, minus (d) the cumulative amount of unreimbursed Reallocated Principal Collections applied to reduce the Class C Invested Amount under Section 4.4 of the Indenture Supplement before that date.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Class A-2 Component The Component having such designation.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Class C Percentage means at any time the percentage equivalent of a fraction, the numerator of which is the Outstanding Amount of the Class C Notes and the denominator of which is the sum of the Outstanding Amount of all the Notes.

  • Class A Initial Invested Amount means the sum of the aggregate initial principal amount of the Class A Certificates, which is $750,000,000 on the Closing Date, and the aggregate initial principal amount of any Additional Class A Certificates.