CTO Invested Amount definition

CTO Invested Amount means with respect to any Business Day, an amount equal to (a) the CTO Initial Invested Amount minus (b) the aggregate amount of principal payments made to CTO Securityholders through and including such Business Day, minus (c) the aggregate amount of CTO Charge-Offs for all prior Distribution Dates, minus (d) the aggregate amount of Redirected CTO Principal Collections and Redirected Class B Principal Collections through and including such Business Day for which the Class D Invested Amount has not been reduced pursuant to subsection 4.14(d) of the Agreement, plus (e) the aggregate amount reimbursed with respect to reductions of the CTO Invested Amount through and including such Business Day pursuant to subsection 4.9(a)(xi) of the Agreement plus, with respect to such subsection, amounts applied thereto pursuant to subsections 4.10(a) and (b) and 4.14(a), of the Agreement, for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c) and (d); provided, however, that the CTO Invested Amount may not be reduced below zero. Subject to the Agreement, payments of principal are limited to the unpaid CTO Invested Amount of the Collateralized Trust Obligations, which may be less than the unpaid balance of the Collateralized Trust Obligations pursuant to the terms of the Agreement. All principal on the Collateralized Trust Obligations is due and payable no later than the February 2005 Distribution Date (or if such day is not a Business Day, the next succeeding Business Day) (the "Scheduled Series 1998-1 Termination Date"). After the earlier to occur of (i) the Scheduled Series 1998-1 Termination Date and (ii) the day after the Distribution Date on which the Series 1998-1 Securities are paid in full (the "Series 1998-1 Termination Date") neither the Trust nor the Transferor will have any further obligation to distribute principal or interest on the Collateralized Trust Obligations. In the event that the CTO Invested Amount is greater than zero on the Series 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 Class A Invested Amount, the Class B Invested Amount, the CTO Invested Amount and the Class D Invested Amount at the close of business on such date (but not more than the total amount of Receivables allocable to the Series 1998-1 Securities), and shall pay the proceeds to the Class A Securityholders pro rata in final p...
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CTO Invested Amount means with respect to any Business Day, an amount equal to (a) the CTO Initial Invested Amount minus (b) the aggregate amount of principal payments made to CTO Securityholders through and including such Business Day, minus (c) the aggregate amount of CTO Charge-Offs for all prior Distribution Dates, minus (d) the aggregate amount of Redirected CTO Principal Collections and Redirected Class B Principal Collections through and including such Business Day for which the Class D Invested Amount has not been reduced pursuant to subsection 4.14(d) of the Agreement, plus (e) the aggregate amount reimbursed with respect to reductions of the CTO Invested Amount through and including such Business Day pursuant to subsection 4.9(a)(xi) of the Agreement plus, with respect to such subsection, amounts applied thereto pursuant to subsections 4.10(a) and (b) and 4.14(a) of the Agreement, for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c) and (d); provided, however, that the CTO Invested Amount may not be reduced below zero.
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CTO Invested Amount means, on any date of determination, an amount equal to (a) the CTO Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the CTO Securityholders on or prior to such date, minus (c) the amount of CTO Subordinated Principal Collections allocated on all prior Distribution Dates pursuant to Section 4.9(a) and (b), minus (d) an amount equal to the amount by which the CTO Invested Amount has been reduced on all prior Distribution Dates pursuant to Section 4.7(a), (b) and (c), plus (e) the sum of the amount of Excess Spread and Shared Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to Section 4.8(i) for the purpose of reimbursing amounts deducted
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Examples of CTO Invested Amount in a sentence

  • The aggregate amount of Class A Investor Charge-Offs and the reductions in the Class B Invested Amount, CTO Invested Amount and Class D Invested Amount a.

  • The aggregate amount of Class B Investor Charge-Offs and the reductions in the CTO Invested Amount and Class D Invested Amount a.

  • The CTO Reserve Account shall be terminated following the earliest to occur of (a) the termination of the Trust pursuant to the Agreement and (b) the date on which the CTO Invested Amount is paid in full.

  • The Servicer shall provide written notice to the Rating Agencies of any such direction of a majority of the CTO Invested Amount.

  • The Class B Invested Amount, the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class A Securities; the CTO Invested Amount and the Class D Invested Amount shall be subordinated to the Class B Securities; and the Class D Invested Amount shall be subordinated to the Collateralized Trust Obligations, in each case to the extent provided in this Article IV.

  • The Class D Securities will not have the right to receive payments of principal, other than to the extent of Class D Excess Amounts, until the Class A Invested Amount, the Class B Invested Amount and the CTO Invested Amount have been paid in full.

  • The deposit required in connection with any such termination and final distribution shall be equal to the sum of the unpaid Class A Invested Amount, the unpaid Class B Invested Amount and the unpaid CTO Invested Amount plus accrued and unpaid interest on the Class A Securities, Class B Securities and Collateralized Trust Obligations through the day prior to the Distribution Date on which the final distribution occurs, in each case after giving effect to any payments on such date.

  • No principal will be payable to the Class D Securityholders (other than with respect to Class D Excess Amounts) until the earlier of the Expected Final Payment Date and, upon the occurrence of a Pay Out Event, the Distribution Date following the Monthly Period in which the Pay Out Event occurs but in no event earlier than the Distribution Date either on or following the Distribution Date on which Class A Invested Amount, Class B Invested Amount and the CTO Invested Amount have been paid in full.

  • All amounts on deposit in the CTO Reserve Account shall be released therefrom and paid to the Transferor, if the rating of Fingerhut Companies, Inc.'s senior secured notes or, if rated, the rating of Fingerhut Companies, Inc.'s corporate revolving lines of credit facility is subsequently increased to BBB or higher by Standard & Poor's and Baa2 or higher by Xxxxx'x or the CTO Invested Amount has been paid in full.

  • On and after the CTO Principal Payment Commencement Date, on each Distribution Date until the CTO Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the CTO Securityholders from the Distribution Account such amounts deposited with respect to CTO Principal into the Distribution Account on the related Transfer Date.


More Definitions of CTO Invested Amount

CTO Invested Amount means, as of any date, an amount equal to ------------------- (a) the CTO Initial Invested Amount, minus (b) the aggregate amount deposited ----- into the Principal Funding Account prior to such date as CTO Monthly Principal (excluding interest and other investment earnings on such amount), minus (c) the ----- aggregate amount of principal payments made to the CTO Securityholders prior to such date, minus (d) the aggregate amount of CTO Investor Charge Offs for all ----- prior Distribution Dates, minus (e) the amount of CTO Subordinated Principal ----- Collections allocated on all prior Distribution Dates pursuant to Section 4.9(a) or (b), minus (f) an amount equal to the amount by which the CTO Invested Amount ----- has been reduced on all prior Distribution Dates pursuant to Section 4.7(a) or (b), plus (g) the sum of the amount of Excess Spread and Shared Excess Finance ---- Charge Collections allocated and available on all prior Distribution Dates pursuant to Section 4.8(i) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (d), (e) and (f) and, without duplication, the aggregate amount of the reductions of the Series Adjustment Amounts allocated to the CTO Invested Amount prior to such date pursuant to Section 4.7(f); provided, however, that -------- ------- the CTO Invested Amount may not be reduced below zero.
Sample 1
CTO Invested Amount means, when used with respect to any Business Day, an amount equal to (a) the CTO Initial Invested Amount, MINUS (b) the aggregate amount of principal payments made to CTO Securityholders prior to such Business Day, MINUS (c) the aggregate amount of CTO Series Charge-Offs for all prior Distribution Dates, MINUS (d) the aggregate amount of Redirected Class B Principal Collections and Redirected CTO 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), Section 4.14 and subsection 4.17(b) of the Agreement, for the purpose of reinstating amounts reduced pursuant to the foregoing clauses (c) and (d).
Sample 1
CTO Invested Amount means, as of any date, an amount equal to ------------------- (a) the CTO Initial Invested Amount, minus (b) the aggregate amount deposited ----- into the Principal Funding Account prior to such date as CTO Monthly Principal (excluding interest and other investment earnings on such amount), minus (c) the ----- aggregate amount of principal payments made to the CTO Securityholders prior to such date, minus (d) the aggregate amount of CTO Investor Charge Offs for all ----- prior Distribution Dates, minus (e) the amount of CTO Subordinated Principal ----- Collections allocated on all prior Distribution Dates pursuant to Section 4.9(a) or (b), minus (f) an amount equal to the amount by which the CTO Invested Amount ----- has been reduced on all prior Distribution Dates pursuant to Section 4.7(a) or (b), plus (g) the sum of the amount of Excess Spread and Shared Excess Finance ---- Charge Collections allocated and available on all prior Distribution Dates pursuant to Section 4.8(i) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (d), (e) and (f) and, without duplication, the aggregate amount of the reductions of the Series Adjustment Amounts allocated to the CTO Invested Amount prior to such date pursuant to Section 4.7(f); provided, -------- however, that the CTO Invested Amount may not be reduced below zero. -------
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Related to CTO Invested Amount

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Invested Amount means, as of any date of determination, an amount equal to the sum of (a) the Class A Invested Amount as of such date, (b) the Class B Invested Amount as of such date and (c) the Collateral Invested Amount as of such date.

  • Series Invested Amount means the Initial Invested Amount.

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.

  • Aggregate Invested Amount means, as of any date of determination, the sum of the Invested Amounts of all Series of Certificates issued and outstanding on such date of determination.

  • Class A Invested Amount means, on any date of determination, an amount equal to (a) the Class A Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class A Certificateholders on or prior to such date, minus (c) the excess, if any, of (i) the aggregate amount of Class A Investor Charge-Offs for all prior Distribution Dates over (ii) Class A Investor Charge-Offs reimbursed pursuant to subsection 4.07(b) prior to such date.

  • 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 D Invested Amount means, as of a date, an amount (not less than zero) equal to (a) the initial Note Balance of the Class D Notes, minus (b) the aggregate amount of any principal payments made to the Noteholders of the Class D Notes before that date, minus (c) the cumulative amount of unreimbursed Investor Charge-Offs applied to reduce the Class D 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 D Invested Amount under Section 4.4 of the Indenture Supplement before that date.

  • 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.

  • Initial Invested Amount means the sum of the Class A Initial Invested Amount and the Class B Initial Invested Amount.

  • Class B Initial Invested Amount means the sum of the aggregate initial principal amount of the Class B Certificates, which is $48,000,000 on the Closing Date, and the aggregate initial principal amount of any Additional Class B Certificates.

  • Class A Initial Invested Amount means the sum of the aggregate initial principal amount of the Class A Certificates, which is $750,000,000 on the Closing Date, and the aggregate initial principal amount of any Additional Class A Certificates.

  • REMIC II Available Distribution Amount For any Distribution Date, the amount distributed from REMIC I to REMIC II on such Distribution Date in respect of the REMIC I Regular Interests.

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • REMIC III Available Distribution Amount For any Distribution Date, the amount distributed from REMIC II to REMIC III on such Distribution Date in respect of the REMIC II Regular Interests.

  • Collateral Initial Invested Amount means $100,001,000.

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • Aggregate Revolving Committed Amount has the meaning provided in Section 2.01(a).

  • REMIC I Available Distribution Amount For each Loan Group for any Distribution Date, the sum of the following amounts with respect to the Mortgage Loans in such Loan Group:

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Adjusted Investor Interest means, with respect to any date of determination, an amount equal to the sum of (a) the Class A Adjusted Investor Interest and (b) the Class B Adjusted Investor Interest and (c) the Collateral Interest Adjusted Amount.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.