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 C Invested Amount means, when used with respect to any date, an amount equal to (a) the Class C Initial Invested Amount minus (b) the amount of principal payments made to Class C Noteholders on or prior to such date.
Class C Invested Amount means, for any date, an amount equal to the result of (i) the Class C Initial Invested Amount, minus (ii) the aggregate amount of principal payments made to Class C Certificateholders prior to such date, minus (iii) the aggregate amount of all unreimbursed Class C Investor Charge-Offs; provided that the Class C Invested Amount shall not be less than zero.
Examples of Class C Invested Amount in a sentence
On each Payment Date, the Reallocated Principal Collections for that Payment Date will be applied in the following order of priority to reduce (a) the Available Subordinated Amount (after giving effect to any reductions of the Available Subordinated Amount under Section 4.2(b)(ii) and Section 4.3), (b) the Class D Invested Amount, (c) the Class C Invested Amount, and (d) the Class B Invested Amount.
On each Payment Date, the Reallocated Principal Collections for such Payment Date will be applied in the following order of priority to reduce (a) the Available Subordinated Amount (after giving effect to any reductions of the Available Subordinated Amount pursuant to Section 4.2(b)(ii) and Section 4.3), (b) the Class D Invested Amount, (c) the Class C Invested Amount, and (d) the Class B Invested Amount.
The Class D Certificates will not have the right to receive payments of principal until the Class A Invested Amount, the Class B Invested Amount and the Class C Invested Amount have been paid in full.
On the Class C Principal Commencement Date, after the payment of any principal amounts to the Class B Certificates on such day, and on each Distribution Date thereafter until the Class C Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 to the Class C Certificateholders from the Distribution Account such amount deposited into the Distribution Account on the related Transfer Date.
The Class B Invested Amount, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Certificates, the Class C Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Certificates, and the Class D Invested Amount shall be subordinated to the Class C Certificates, in each case to the extent provided in this Article IV.
More Definitions of Class C Invested Amount
Class C Invested Amount means, when used with respect to any Business Day, an amount equal to (a) upon the initial issuance of the Class C Certificate, zero, plus (b) the aggregate principal amount of any Additional Class C Invested Amounts pursuant to Section 6.16 of the Agreement, minus (c) the aggregate amount of principal payments made to Class C Certificateholders through and including such Business Day, minus (d) the aggregate amount of Class C Investor Charge-Offs for all prior Distribution Dates pursuant to subsections 4.13(a) and 4.13(d) of the Agreement, minus (e) the aggregate amount of Reallocated Principal Collections for all prior Business Days, plus (f) the sum of the aggregate amount allocated and available on all prior Business Days pursuant to subsection 4.9(a)(viii) of the Agreement and, with respect to such subsection, pursuant to subsections 4.10(a) and (b) of the Agreement, for the purpose of reinstating amounts reduced pursuant to the foregoing clauses (d) and (e). Subject to the Agreement, payments of principal are limited to the unpaid Class C Invested Amount of the Class C Certificates, which may be less than the unpaid balance of the Class C Certificate pursuant to the terms of the Agreement. All principal of and interest on the Class C Certificate is due and payable no later than the October 2002 Distribution Date, unless a different date shall be set forth in any Extension Notice (the "Scheduled Series 1997-1 Termination Date"). After the Scheduled Series 1997-1 Termination Date neither the Trust nor the Transferor will have any further obligation to distribute principal or interest on the Class C Certificates. In the event that the Class C Invested Amount is greater than zero on the Scheduled Series 1997- 1 Termination Date, the Trustee will sell or cause to be sold, to the extent necessary, an amount of interests in the Receivables or certain of the Receivables up to 110% of the Invested Amount at the close of business on such date (but not more than the total amount of Receivables allocable to the Investor Certificates), and shall pay the proceeds to the Class A Certificateholders pro rata in final payment of the Class A Certificates, then to the Class B Certificateholders pro rata in final payment of the Class B Certificates and then to the Class C Certificateholders pro rata in final payment of the Class C Certificates. Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee, by manual signature, this Cert...
Class C Invested Amount means, as of any 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 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 before that date.
Class C Invested Amount for any date means an amount equal to (a)the initial principal balance of the Class C Certificates less the Class C Percentage of the initial deposit to the Pre-Funding Account plus the Class C Percentage of any withdrawals from the Pre-Funding Account pursuant to Section 4.18 in connection with (i)during the Funding Period, the addition of Receivables to the Trust or (ii)at the end of the Funding Period, for deposit into the Excess Funding Account, minus (b)the aggregate amount of principal payments (except principal payments made from the Pre-Funding Account) made to Class C Certificateholders prior to such date, minus (c)the aggregate amount of the Class C Investor Charge-Offs for all prior Distribution Dates equal to the amount by which the Class C Invested Amount has been reduced to fund the Investor Default Amounts on all prior Distribution Dates pursuant to Section 4.13(b), minus (d)the aggregate amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections for which the Class D Invested Amount has not been reduced for all prior Distribution Dates (provided that the Class C Invested Amount may not be reduced below zero), and plus (e)the aggregate amount allocated and available on all prior Business Days pursuant to subsection 4.9(a)(ix) (including amounts applied pursuant to such subsection but funded pursuant to Section 4.10(a) and (b) and Section 4.14(a) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c)and (d).
Class C Invested Amount means, when used with respect to any Business Day, the greater of (x) zero and (y) an amount equal to (a) the Class C Initial Invested Amount less the Class C Percentage of the initial deposit to the Pre-Funding Account plus the Class C Percentage of any withdrawals from the Pre-Funding Account (i) during the Funding Period in connection with the addition of Receivables to the Trust or (ii) at the end of the Funding Period for deposit into the Excess Funding Account, minus (b) the aggregate amount of principal payments (except principal payments made from the Pre-Funding Account) made to Class C Certificateholders through and including such Business Day, minus (c) the aggregate amount of Class C Investor Charge-Offs for all prior Distribution Dates, minus (d) the aggregate amount of Reallocated Class B Principal Collections and Reallocated Class C Principal Collections for which the Class D Invested Amount has not been reduced for all prior Business Days, and plus (e) the sum of the aggregate amount allocated and available on all prior Business Days pursuant to subsection 4.9(a)(xi) of the Agreement and, with respect to such subsection, pursuant to subsections 4.10(a) and (b), 4.16(a), 4.19(b) and 4.20(b), (c) and (d) of the Agreement, for the purpose of reinstating amounts reduced pursuant to the foregoing clauses (c) and (d).
Class C Invested Amount means, when used with respect to any date, an amount equal to (a) the Class C Initial Invested Amount minus
Class C Invested Amount means, as of any date of determination, an amount equal to (a) the Class C Initial Invested Amount minus (b) the amount of principal payments made to the Class C Noteholders on or prior to such date.
Class C Invested Amount. As of any date, an amount equal to (a) the Class C Note Principal Balance as of such date, minus (b) the excess, if any, of (i) the cumulative amount of Reallocated Principal Collections allocable to the Class C Notes immediately before such date pursuant to Section 4.06 over (ii) the cumulative amount of reimbursements thereof pursuant to Section 4.09 before that date, but limited to an amount that would reduce the Class C Invested Amount to zero, minus (c) the excess, if any, of (i) the cumulative amount of Series Charge-Offs allocable to the Class C Notes immediately before such date pursuant to Section 4.05(b) over (ii) the cumulative amounts of reimbursements thereof pursuant to Section 4.09 before that date, but limited to an amount that would reduce the Class C Invested Amount to zero.