Class C Investor Interest means, on any date of determination, an amount equal to (a) the Class C Initial Investor Interest, minus (b) the aggregate amount of principal payments made to the Class C Interest Holders prior to such date, minus (c) the aggregate amount of Class C Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.10(c), minus (d) the amount of Reallocated Principal Collections allocated pursuant to subsections 4.12(a) and (b) on all prior Transfer Dates, minus (e) an amount equal to the amount by which the Class C Investor Interest has been reduced on all prior Transfer Dates pursuant to subsections 4.10(a) and (b), and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.11(h), for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided further, however, that the Class C Investor Interest may not be reduced below zero.
Class C Investor Interest shall have the meaning given to it in the Series [*] Supplement;
Examples of Class C Investor Interest in a sentence
The aggregate interest represented by the Class C Certificates at any time in the assets of the Trust shall not exceed an amount equal to the Class C Investor Interest at such time, plus accrued but unpaid Certificate Interest for the Class C Certificates and any interest thereon.
The average daily Class C Investor Interest with respect to the related Interest Period.
The Class C Investor Interest as of the end of the related Interest Period.
Mandatory Decreases of the Class C Investor Interest to be made on the related Payment Date.
Voluntary Decreases in the Class C Investor Interest to be made on the related Payment Date.
More Definitions of Class C Investor Interest
Class C Investor Interest means, on any date of determination, an amount equal to the greater of (x) zero and (y) an amount equal to (a) the Class C Initial Investor Interest, minus (b) the aggregate amount of principal payments made to the Class C Certificateholders prior to such date (other than any principal payment made pursuant to subsection 4.9(h)), minus (c) the aggregate amount of Class C Investor Charge-Offs for all prior Distribution Dates pursuant to subsections 4.10(a), (b), (c) and (d), minus (d) the aggregate amount of Reallocated Class C Principal Collections allocated pursuant to subsection 4.12(b)(iii) on all prior Distribution Dates, minus (e) the amount of any reduction to the Class C Investor Interest as a result of the purchase by the Seller and subsequent cancellation of the Class C Certificates pursuant to Section 4.16, minus (f) the Class C Percentage of the Initial Total Pre-Funded Amount, plus (g) the Class C Percentage of the amount of any increases to the Series Investor Interest pursuant to Section 4.21 during the Funding Period, and plus (h) the aggregate amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.11(k) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c) and (d).
Class C Investor Interest shall have the meaning given to it in the Series 03-3 Trust Supplement;
Class C Investor Interest means, on any date of determination, an amount equal to (a) the Class C Initial Investor Interest, minus (b) the aggregate amount of principal payments made to the Class C Investor Interest Holder prior to such date, minus (c) the aggregate amount of Class C Investor Charge-Offs for all prior Transfer Dates pursuant to subsection 4.17(c) hereof, minus (d) the amount of Reallocated Principal Collections allocated pursuant to subsections 4.19(a) and (b) hereof on all prior Transfer Dates, minus (e) an amount equal to the amount by which the Class C Investor Interest has been reduced on all prior Transfer Dates pursuant to subsections 4.17(a) and (b) hereof, and plus (f) the aggregate amount of Excess Spread allocated and available on all prior Transfer Dates pursuant to subsection 4.18(i) hereof for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class C Investor Interest may not be reduced below zero.
Class C Investor Interest means, on any date of determination, an amount equal to (a) the Class C Initial Investor Interest, minus (b) the aggregate amount of principal payments made to the Class C Certificateholders prior to such date, minus (c) the aggregate amount of Class C Investor Charge-Offs for all prior Distribution Dates pursuant to subsection 4.10(c), minus (d) the aggregate amount of Reallocated Class C Principal Collections allocated pursuant to subsections 4.12(a) and (b) on all prior Distribution Dates, minus (e) the amount of any reduction to the Class C Investor Interest as a result of the purchase by the Seller and subsequent cancellation of the Class C Certificates pursuant to Section 4.16, and plus (f) the aggregate amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.11(i) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c) and (d); provided further, however, that the Class C Investor Interest may not be reduced below zero.
Class C Investor Interest represents, in respect of the Class C Tranche of the Series 2019-1 Investor Interest Note, the amount that will be used by the Trustee for the purpose of calculating the funds that will be made available to the Trustee to make the Series 2019-1 Payments in respect of the Class C Tranche and shall mean, on any date of determination, an amount equal to: