Excess Collateral definition

Excess Collateral has the meaning set forth in Section 5.7.

Excess Collateral means an undivided interest in the Trust ----------------- which shall consist of the right to receive from the Trust an amount equal to (i) to the extent necessary to make the required payments to the Excess Collateral Holders under this Series Supplement, the portion of Collections allocable thereto under the Agreement and this Series Supplement, and funds on deposit in the Collection Account allocable thereto pursuant to the Agreement and this Series Supplement, and (ii) amounts available pursuant to subsection 4.13(k) of the Agreement.

Excess Collateral has the meaning assigned thereto in Section 4.6(c).

Examples of Excess Collateral in a sentence

• The amount of Reallocated Excess Collateral and Class B Principal Collections applied in respect of Interest Shortfalls, Investor Default Amounts or Investor Charge-Offs for the prior month Class B $0.00 Excess Collateral Amt.

• The amount of the distribution set forth in paragraph 1 above in respect of principal on the Certificates, per $1,000 original certificate principal amount Class A $0.00000 Class B $0.00000 Excess Collateral Amt.

• The amount of Reallocated Excess Collateral and Class B Principal Collections applied in respect of Interest Shortfalls, Investor Default Amounts or Investor Charge-Offs for the prior month.

• The amount of the Investor Monthly Servicing Fee payable by the Trust to the Servicer for the Monthly Period Class A $875,000.00 Class B $79,066.25 Excess Collateral Amt.

• After payment in full of the Class A Invested Amount and the Class B Invested Amount, amounts in the Principal Funding Account will be paid to the Excess Collateral Holders on the Excess Collateral Scheduled Payment Date.

More Definitions of Excess Collateral

Excess Collateral means a fractional undivided interest in the Trust which shall consist of the right to receive to the extent necessary to make the required payments to the Excess Collateral Holder under this Series Supplement, the portion of Collections allocable thereto under the Agreement and this Series Supplement, funds on deposit in the Collection Account allocable thereto pursuant to the Agreement and this Series Supplement, and funds on deposit in any other Series Account (and any investment earnings thereon, net of investment expenses and losses, if and to the extent specifically provided herein) allocable thereto pursuant to the Agreement and this Series Supplement.

Excess Collateral means any Intermediated Securities and/or cash which is transferred by the Member to X-CLEAR in excess of its requirement for the provision of Permissible Collateral as determined and called for by X-CLEAR and forms a portion of the Permissible Collateral;

Excess Collateral has the meaning set forth in the Security Agreement.

Excess Collateral has the meaning specified in Section 4.04(f).

Excess Collateral means any Securities and/or Cash transferred by the Member to SIX x-clear as Permissible Collateral in excess of the Collateral determined and required by SIX x-clear (the "Collateral Requirement").

Excess Collateral has the meaning assigned thereto in Section 4.6(d).

Excess Collateral has the meaning set forth in the definition of “Second Tier Collateral.”