Enhancement Amount definition

Enhancement Amount means the sum of (a) the Series 1998-1 Available Subordinated Amount, plus (b) the Series 1998-1 Letter of Credit Amount.

Enhancement Amount means the amount, if any, by which a Participant elects under Section 4.3 to increase his or her monthly Contribution over the Base Monthly Contribution.

Enhancement Amount has the meaning specified, with respect to any Series of Notes, in the applicable Series Supplement.

Examples of Enhancement Amount in a sentence

• In addition, any amounts paid to the Trustee as administrator of the Credit Enhancement on any Distribution Date with respect to the Total Available Credit Enhancement Amount or the Available Class B Credit Enhancement Amount pursuant to the terms of the Series Supplement also shall be deposited into the Credit Enhancement Account upon receipt of such funds by the Trustee.

• If Discover Bank as Servicer makes such a request, and if the Credit Enhancement Provider elects to make such loan, the amount of such loan shall be equal to the Supplemental Credit Enhancement Amount and shall be added to the unpaid principal amount of the Loan.

• Both the form and the provider of the Supplemental Credit Enhancement Amount, if any, shall be determined at the time it is to be paid; provided, that the Master Servicer shall have received confirmation from Standard & Poor's that the arrangements with respect to the Supplemental Credit Enhancement Amount, if any, will not result in the rating of the Investor Certificates of the Series established hereby being withdrawn or lowered.

• If Greenwood as Servicer makes such a request, and if the Credit Enhancement Provider elects to make such loan, the amount of such loan shall be equal to the Supplemental Credit Enhancement Amount and shall be added to the unpaid principal amount of the Loan.

• In the event that a Supplemental Credit Enhancement Event occurs, Greenwood as Servicer may cause the Supplemental Credit Enhancement Amount to be funded by Series Excess Servicing and other amounts paid to the Trustee as administrator of the Credit Enhancement to fund the Available Class B Credit Enhancement Amount, or may request that the Credit Enhancement Provider make an additional loan in the amount of the Supplemental Credit Enhancement Amount.

More Definitions of Enhancement Amount

Enhancement Amount means, in relation to the Series 1997-1 Ownership Interest on a Determination Day, the amount determined therefor pursuant to Article 4;

Enhancement Amount means an additional LTI Award amount that a Participant may have the opportunity to earn with respect to the first calendar year of a performance cycle under the LTI Plan.

Enhancement Amount is defined, with respect to any Series of Notes, in the applicable Series Supplement.

Enhancement Amount means, as of any date, the sum of (i) the amount on deposit in the Reserve Account (exclusive of Investment Earnings on such date) and (ii) the Funded Enhancement Amount.

Enhancement Amount means, as of any date of determination, the sum of (a) the Class B Invested Amount as of such date, plus (b) the Letter of Credit Amount as of such date plus (c) the Series 1996-1 Available Subordinated Amount as of such date.

Enhancement Amount means, as of any date of determination, the greater of (i) $4,500,000 and (ii) the product of the Net Receivables Balance on such date and the greater of (A) (x) to but excluding September 30, 2008, 0.15 and (y) from and after September 30, 2008, 0.25, and (B) the product of (I) (w) to but excluding October 31, 2008, 3.00, (x) from and after October 31, 2008 to but excluding November 30, 2008, 3.75, (y) from and after November 30, 2008 to but excluding December 31, 2008, 4.00 and (z) from and after December 31, 2008, 5.00 and (II) the average Loss Ratio in respect of the Pool Receivables for the three month period preceding such date of determination.

Enhancement Amount has the meaning specified, with respect to any Series of HVIF Notes, in the applicable HVIF Series Supplement.