Collateral Invested Amount definition
Collateral Invested Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Collateral Interest Holder prior to such date, minus (c) the aggregate amount of Collateral Charge-Offs for all prior Distribution Dates pursuant to subsection 4.06(c), minus (d) the aggregate amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to Section 4.08 allocable to the Collateral Invested Amount, minus (e) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to subsections 4.06(a) and (b), and plus (f) the amount allocated and available on all prior Distribution Dates pursuant to subsection 4.07(i), for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Collateral Invested Amount may not be reduced below zero.
Collateral Invested Amount means, for any date of determination, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to Section 4.6, minus (c) the aggregate amount paid pursuant to subsection 4.5(e)(iii) prior to such date, plus (d) the aggregate amount of Excess Finance Charges and Excess Spread allocated and available on all prior Distribution Dates pursuant to subsection 4.7(i) for the purpose of reimbursing amounts deducted pursuant to the foregoing clause (b); provided, however, that the Collateral Invested Amount may not be reduced below zero.
Collateral Invested Amount means, when used with respect to any -------------------------- date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) ----- the aggregate amount of principal payments made to the Collateral Interest Holder prior to such date, minus (c) an amount equal to the aggregate amount by ----- which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to Section 4.06, plus (d) the aggregate amount of Excess Spread ---- and Excess Finance Charges allocated and available on all prior Distribution Dates pursuant to Section 4.07(h) for the purpose of reimbursing amounts deducted pursuant to the foregoing clause (c); provided, however, that the -------- ------- Collateral Invested Amount may not be reduced below zero.
Examples of Collateral Invested Amount in a sentence
On each Distribution Date, the Collateral Invested Amount shall be reduced by the amount of Reallocated Principal Collections for such Distribution Date; provided, however, that the Collateral Invested Amount shall not be reduced below the Collateral Senior Invested Amount in connection with the application of Reallocated Principal Collections pursuant to subsection 4.08(c).
All Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied prior to applying any such Reallocated Principal Collections with respect to the Class B Invested Amount.
In the event that such reduction would cause the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) to be a negative number, the Collateral Invested Amount (after giving effect to any Collateral Charge-Offs for such Distribution Date) shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Collateral Invested Amount would have been reduced below zero.
Only Reallocated Principal Collections with respect to the Collateral Invested Amount shall be applied pursuant to clauses (b) or (c) above.
The Collateral Invested Amount will be reimbursed after any reduction pursuant to this Section 4.06 on any Distribution Date by the amount of Excess Spread and Excess Finance Charge Collections allocated and available on such Distribution date for that purpose as described under subsection 4.07(i).
More Definitions of Collateral Invested Amount
Collateral Invested Amount means, for any date of -------------------------- determination, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) an amount equal to the amount by which the Collateral Invested Amount ----- has been reduced on all prior Distribution Dates pursuant to Section 4.08 of the Agreement, minus (c) the aggregate amount of Collateral Monthly Principal ----- applied in accordance with the Loan Agreement pursuant to Section 4.07 of the Agreement or deposited into the Cash Collateral Account pursuant to subsection 4.11(e) of the Agreement prior to such date; provided, however, that the -------- ------- Collateral Invested Amount may not be reduced below zero.
Collateral Invested Amount means, on any date of determination, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Collateral Interest Holder on or prior to such date, minus (c) the aggregate amount of Collateral Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Collateral Principal Collections allocated on all prior Distribution Dates pursuant to SECTIONS 4.08(a) and (b), minus (e) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to SECTIONS 4.06(a) and (b) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to SECTION 4.07(h) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Collateral Invested Amount may not be reduced below zero.
Collateral Invested Amount means, with respect to any date of determination, an amount equal to (a) the Collateral Initial Invested Amount minus (b) the aggregate amount of principal payments made to the Collateral Interest Holder prior to such date and applied to the Collateral Invested Amount in accordance with the terms of the Collateral Agreement, minus (c) the aggregate amount by which the Collateral Invested Amount has been reduced in respect of the application of Reallocated Principal Collections on all prior Distribution Dates pursuant to Sections 4.05(b) and (c), minus (d) the aggregate amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to Section 4.06, plus (e) the aggregate amount of Available Finance Charge Collections applied on all prior Distribution Dates pursuant to Section 4.05(a)(xii) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c) and (d); provided, however, that the Collateral Invested Amount shall not be reduced below zero.
Collateral Invested Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Collateral Interest Holder prior to such date, minus (c) the aggregate amount of Collateral Charge-Offs for all prior Distribution Dates pursuant to subsection 4.06(c), minus (d) the aggregate amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to Section 4.08 allocable to the Collateral Invested Amount, minus (e) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to subsections 4.06(a) and (b), plus
Collateral Invested Amount means, for any date of determination, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) an amount equal to the
Collateral Invested Amount means, when used with respect to any date, an amount equal to (a) the Collateral Initial Invested Amount, minus (b) the aggregate amount of deposits made to the Cash Collateral Account pursuant to Sections 4.11(c) or 4.11(d)(iii) and (vi) prior to such date, minus (c) the aggregate amount of Collateral Charge-Offs for all prior Distribution Dates pursuant to Section 4.12(c), minus (d) the aggregate amount of Subordinated Principal Collections allocated on all prior Distribution Dates pursuant to Section 4.15 allocable to the Collateral Invested Amount minus (e) an amount equal to the amount by which the Collateral Invested Amount has been reduced on all prior Distribution Dates pursuant to Sections 4.12(a) and (b), plus (f) the sum of (A) the Series Allocable Miscellaneous Payments allocated and available on all prior Distribution Dates pursuant to Section 4.12(c) and (B) the amount of Excess Finance Charge and Administrative Collections allocated and available on all prior Distribution Dates pursuant to Section 4.13(i), for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e), and minus (g) the amount of any reduction resulting from a cancellation of any portion of the Collateral Interest pursuant to Section 4.18; provided, however, that the Collateral Invested Amount may not be reduced below zero.
Collateral Invested Amount for any date means an amount equal to (i) the Collateral Initial Invested Amount, less (ii) the aggregate amount of principal payments made to the Collateral Interest holder prior to such date, less (iii) the aggregate amount of Collateral Charge-Offs for all prior distribution dates, less (iv) the aggregate amount of Reallocated Principal Collections for all prior distribution dates, less (v) an amount equal to the aggregate amount by which the Collateral Invested Amount has been reduced to fund the Class A Investor Default Amount and the Class B Investor Default Amount on all prior distribution dates as described below under "--Defaulted Receivables; Investor Charge-Offs," and plus (vi) the aggregate amount of Excess Spread and Excess Finance Charge Collections allocated to Series 2000-4 and applied on all prior distribution dates for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (iii), (iv) and (v); provided, however, that the Collateral Invested Amount may not be reduced below zero.