Collateral Default Amount definition

Collateral Default Amount means, with respect to any Distribution Date, the product of the Investor Default Amount for such Distribution Date and the Collateral Floating Percentage.

Collateral Default Amount means, with respect to any Transfer Date, an amount equal to the product of (a) the Aggregate Investor Default Amount for the related Monthly Period and (b) the Collateral Floating Allocation applicable for the related Monthly Period.

Collateral Default Amount means, with respect to each Transfer Date, an amount equal to the product of (a) the Aggregate Investor Default Amount for the related Monthly Period and (b) the Collateral Floating Allocation applicable for the related Monthly Period.

Examples of Collateral Default Amount in a sentence

• If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off").

• If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest for such Transfer Date (a "Collateral Charge-Off").

• Collateral Default Amount treated as Available Principal Collections: 0.00 11.

• For additional information concerning the implications of Proposition 218 to local government financing, see OPR’s A Planner’s Guide To Financing Public Improvements.

• If on any Determination Date, the Collateral Default Amount for such Determination Date exceeds the amount allocated and available to fund such amount pursuant to subsections 4.6(d)(ix), (x) and (xii) and 4.6(g), the Collateral Interest will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest for such Transfer Date (a "Collateral Interest Charge-Off").

More Definitions of Collateral Default Amount

Collateral Default Amount means, with respect to each ------------------------- Distribution Date, an amount equal to the product of (i) the Default Amount for the related Monthly Period and (ii) the applicable Collateral Investor Percentage during such Monthly Period.

Collateral Default Amount means, with respect to any Transfer Date, an amount equal to the product of (a) the Aggregate

Collateral Default Amount means, (i) with respect to the period from ------------------------- and including the Closing Date through and including September 30, 1999, an amount equal to the Collateral Default Amount (calculated pursuant to clause (ii) of this definition) for the full September 1999 Monthly Period, multiplied by 2/30, and (ii) for each Monthly Period thereafter, an amount equal to the product of (a) the Investor Default Amount for such Monthly Period and (b) the Collateral Floating Allocation for such Monthly Period.

Collateral Default Amount means, (i) with respect to the period from ------------------------- and including the Closing Date through and including October 31, 1999, an amount equal to the Collateral Default Amount (calculated pursuant to clause (ii) of this definition) for the full September 1999 Monthly Period, multiplied by [ ]/30, plus an amount equal to the Collateral Default Amount (calculated pursuant ---- to clause (ii) of this definition) for the full October 1999 Monthly Period and (ii) for each Monthly Period thereafter, an amount equal to the product of (a) the Investor Default Amount for such Monthly Period and (b) the Collateral Floating Allocation for such Monthly Period.

Collateral Default Amount means, (i) with respect to the period from ------------------------- and including the Closing Date through and including [September 30, 1997], an amount equal to the Collateral Default Amount (calculated pursuant to clause (ii) of this definition) for the full [September 1997] Monthly Period, multiplied by [ /30], and (ii) for each Monthly Period thereafter, an amount -- equal to the product of (a) the Investor Default Amount for such Monthly Period and (b) the Collateral Floating Allocation for such Monthly Period.

Collateral Default Amount means, with respect to any ------------------------- Distribution Date and each Receivable in an Account which became a Defaulted Account during the related Monthly Period, an amount equal to the product of the aggregate Default Amount for the related Monthly Period and the Collateral Investor Percentage applicable for the related Monthly Period; provided, -------- however, that with respect to the initial Monthly Period, the Collateral Default ------- Amount shall be equal to the product of (i) the aggregate Default Amount for the period from and including the first day of the calendar month in which the Closing Date occurs to and including the last day of that calendar month, (ii) the Collateral Investor Percentage that would have applied had Series 2001-4 been outstanding on each day during that calendar month and (iii) the actual number of days Series 2001-4 was outstanding in the Monthly Period divided by 30.

Collateral Default Amount means, with respect to any Transfer Date, an amount equal to the product of (a) the Aggregate Investor Default Amount for the related Monthly Period and (b) the