Class Invested Amount definition

Class Invested Amount means, with respect to any Class for any Distribution Date, an amount equal to the Class Initial Investor Interest minus the sum of (a) the aggregate amount of payments of Certificate Principal paid to such Class of Investor Certificateholders, in each case prior to such Distribution Date, (b) the aggregate amount of Investor Losses of such Class not reimbursed prior to such Distribution Date and (c) the aggregate amount of losses of principal on investments of funds on deposit for the benefit of such Class in the Series Principal Funding Account, if applicable.

Class Invested Amount. For any Class of Notes on any date, an amount equal to (i) the sum of (A) the outstanding Note Balance of such Class, plus (B) the aggregate outstanding Note Balances of all Classes within the same Series that are senior to or pari passu with such Class on such date, divided by (ii) the Weighted Average CV Adjusted Advance Rate in respect of such Class (after giving effect to amounts collected on the Receivables as of such date).

Class Invested Amount means, with respect to any Class for any Distribution Date, an amount equal to the Class Initial Investor Interest minus the sum of (a) the aggregate amount of Certificate Principal paid to the Investor Certificateholders of such Class prior to such Distribution Date (without duplication with respect to any amounts paid to such Class pursuant to Section 9(a)(12)), (b) the Investor Loss for such Class, if any, at the beginning of such Distribution Date and (c) the aggregate amount of losses on investments of principal of funds on deposit for the benefit of such Class in the Series Principal Funding Account.

Examples of Class Invested Amount in a sentence

• If an Amortization Event described in this Section 20 shall occur, this Section 20 constitutes written notice by the Trustee and not less than 51% of the Class Invested Amount of each Class of the Series established hereby to the Master Servicer and the Sellers that such Amortization Event has occurred.

• If an Amortization Event described in this Section 21 shall occur, this Section 21 constitutes written notice by the Trustee and not less than 51% of the Class Invested Amount of each Class of the Series established hereby to the Master Servicer and the Sellers that such Amortization Event has occurred.

• Notwithstanding anything to the contrary contained herein, except as provided in Sections 8.02 and 8.04, this Agreement, including any Series Supplement, may not be assigned by the Master Servicer or any Servicer without the prior consent of Holders of Investor Certificates evidencing Fractional Undivided Interests aggregating not less than 51% of the Class Invested Amount of each Class of each Series of Investor Certificates on a Class-by-Class basis.

• For purposes of any provision of this Agreement or any applicable Series Supplement requiring or permitting actions with the consent of, or at the direction of, Investor Certificateholders evidencing a specified percentage of the Class Invested Amount of any Class, such direction or consent may be given by Certificate Owners (acting through the Clearing Agency and the Clearing Agency Participants).

• Notice of the reconvening of an adjourned meeting shall state expressly the percentage of the Series Invested Amount or the Class Invested Amount, as applicable, or of the sum of the Series Invested Amounts for all applicable Series, as the case may be, which shall constitute a quorum.

More Definitions of Class Invested Amount

Class Invested Amount means, with respect to any Class for any Distribution Date, an amount equal to the Class Initial Investor Interest minus the sum of (a)(i) with respect to a Class that is subject to a Class Currency Swap, the aggregate amount of payments of Certificate Principal (in Dollars) deposited into the Currency Swap Dollar Escrow Account for payment to the Currency Swap Counterparty for the benefit of such Class, or, in the event of a Currency Swap Termination, converted into Foreign Currency by the Trustee at the then prevailing spot exchange rate in New York for payment to the Investor Certificateholders of such Class or (ii) with respect to a Class that is not subject to a Class Currency Swap, the aggregate amount of payments of Certificate Principal paid to such Class of Investor Certificateholders, in each case prior to such Distribution Date, (b) the aggregate amount of Investor Losses of such Class not reimbursed prior to such Distribution Date and (c) the aggregate amount of losses of principal on investments of funds on deposit for the benefit of such Class in the Series Principal Funding Account, if applicable.

Class Invested Amount with respect to any Class of any Series shall have the meaning specified in the applicable Series Supplement.

Class Invested Amount means the Series Invested Amount.

Class Invested Amount means the Class A Invested Amount, the Class B Invested Amount or the Class C Invested Amount, as applicable.

Class Invested Amount means, with respect to the Series 2005-2 Notes of any Class, the Class A-1 Invested Amount, the Class A-2 Invested Amount, the Class A-3 Invested Amount, the Class A-4 Invested Amount and the Class A-5 Invested Amount, as applicable.

Class Invested Amount means, with respect to any Class for any Distribution Date, an amount equal to the Class Initial Investor Interest minus the sum of (a)(i) with respect to a Class that is subject to a Class Currency Swap, the aggregate amount of payments of Certificate Principal (in Dollars) deposited into the Currency Swap Dollar Escrow Account for payment to the Currency Swap Counterparty for the benefit of such Class, or, in the event of a Currency Swap Termination, converted into Foreign Currency by the Trustee at the then prevailing spot exchange rate in New York for payment to the Investor Certificateholders of such Class or (ii)

Class Invested Amount with respect to the Series 1996-3 Certificates, means the Series 1996-3 Invested Amount.