Class C Floor means, with respect to any Payment Date, (i) [ ]% of the Contract Pool Principal Balance as of the Initial Cutoff Date, plus (ii) the Principal Differential, if any, for such Payment Date, minus (iii) the sum of the Class D Principal Balance (prior to giving effect to any payments of principal on the Class D Notes on such Payment Date) and the amount on deposit in the Cash Collateral Account (after giving effect to withdrawals to be made on such Payment Date); provided, however, that in no event will the Class C Floor be greater than the Class C Principal Balance immediately prior to such Payment Date nor less than zero. Furthermore, if the Class B Principal Balance immediately prior to any Payment Date is less than or equal to the Class B Floor for such Payment Date, the Class C Floor with respect to such Payment Date will equal the Class C Principal Balance immediately prior to such Payment Date.
Class C Floor means, with respect to a Distribution Date,
Class C Floor. With respect to each Payment Date, the amount equal to the total of (a) ___% of the initial Discounted Present Value of the Leases as of the Cut-Off Date, plus (b) the Cumulative Loss Amount with respect to such Payment Date, minus (c) the sum of the Outstanding Principal Amount of the Class D Notes, the Outstanding Principal Amount of the Class E Notes, and the Overcollateralization Balance as of the immediately preceding Payment Date after giving effect to all principal payments made on that day, minus (d) the amount on deposit in the Reserve Account after giving effect to withdrawals to be made on such Payment Date; provided, however, that if the Outstanding Principal Amount of the Class B Notes is less than or equal to the Class B Floor on such Payment Date, the Class C Floor will equal the Outstanding Principal Amount of the Class C Notes utilized in the calculation of the Class B Floor for such Payment Date.
More Definitions of Class C Floor
Class C Floor means, with respect to a Payment Date,
Class C Floor means, with respect to any Payment Date, (i) 2.93750% of the Initial Contract Pool Principal Balance, plus (ii) the Unfunded Loss Amount, if any, for such Payment Date, minus (iii) the sum of the Principal Amount of the Class D Notes (prior to giving effect to any payments of principal on the Class D Notes on such Payment Date) and the amount on deposit in the Cash Collateral Account (after giving effect to withdrawals and releases to be made on such Payment Date); provided, however, that in no event will the Class C Floor be greater than the Principal Amount of the Class C Notes immediately prior to such Payment Date nor less than zero. Furthermore, if the Principal Amount of the Class B Notes immediately prior to any Payment Date is less than or equal to the Class B Floor for such Payment Date, the Class C Floor with respect to such Payment Date will equal the Principal Amount of the Class C Notes immediately prior to such Payment Date.
Class C Floor means, with respect to any Payment Date, an amount equal to (i) 2.3125% of the Initial Contract Pool Principal Balance, plus (ii) the Unfunded Loss Amount, if any, for such Payment Date, minus (iii) the sum of the Principal Amount of the Class D Notes (prior to giving effect to any payments of principal on the Class D Notes on such Payment Date) and the amount on deposit in the Reserve Account (after giving effect to withdrawals and releases to be made on such Payment Date); provided, however, that in no event will the Class C Floor be greater than the Principal Amount of the Class C Notes immediately prior to such Payment Date or less than zero; provided, further, that if the Principal Amount of the Class B Notes immediately prior to any Payment Date is less than or equal to the Class B Floor for such Payment Date, the Class C Floor with respect to such Payment Date will equal the Principal Amount of the Class C Notes immediately prior to such Payment Date.
Class C Floor with respect to each Payment Date, an amount equal to the total of (a) 1.00% of the initial Discounted Present Value of the Leases as of the Cut-Off Date, plus (b) the Cumulative Loss Amount with respect to such Payment Date, minus (c) the amount on deposit in the Reserve Account after giving effect to withdrawals to be made on such Payment Date; provided, however, that if the Outstanding Class B Principal Amount is equal to the Class B Floor on such Payment Date, the Class C Floor will equal the Outstanding Class C Principal Amount utilized in the calculation of the Class B Floor Amount for such Payment Date.
Class C Floor with respect to each Payment Date means (a) 2.0% of the Initial Pool Principal Balance, plus (b) the Cumulative Loss Amount with respect to such Payment Date minus (c) the amount on deposit in the Reserve Account after giving effect to withdrawals to be made on such Payment Date; provided that if the Outstanding Principal Amount of the Class B Notes is equal to the Class B Floor on such Payment Date, the Class C Floor will equal the Outstanding Principal Amount of the Class C Notes of the Class C Notes on such Payment Date.
Class C Floor means, with respect to each Distribution Date, (a) 2.25% of the initial Aggregate Collateral Value plus (b) the Cumulative Loss Amount with respect to such Distribution Date, minus (c) the sum of the outstanding Principal Amount of the Class D Notes, the amount on deposit in the Reserve Fund and the Overcollateralization Balance as of the immediately preceding Distribution Date after giving effect to all principal payments made on that day; provided, however, that if the outstanding Principal Amount of the Class B Notes is less than or equal to the Class B Floor on such Distribution Date, the Class C Floor will equal the outstanding Principal Amount of the Class C Notes utilized in the calculation of the Class B Floor for such Distribution Date.
Class C Floor with respect to each Payment Date means (a) _____% of the initial Discounted Present Value of the Leases as of the Cut-Off Date, plus (b) the Cumulative Loss Amount with respect to that Payment Date, minus (c) the sum of the Outstanding Principal Amount of the Class D Notes, the Outstanding Principal Amount of the Class E Notes, and the Overcollateralization Balance as of the immediately preceding Payment Date after giving effect to all principal payments made on that day, minus (d) the amount on deposit in the Reserve Account after giving effect to withdrawals to be made on that Payment Date; provided, however, that if the Outstanding Principal Amount of the Class B Notes is less than or equal to the Class B Floor on that Payment Date, the Class C Floor will equal the Outstanding Principal Amount of the Class C Notes utilized in the calculation of the Class B Floor for that Payment Date.