Excess Finance Charge definition

Excess Finance Charge. Collections Applied $______________ to Reductions of Collateral Invested Amount Pursuant to Clauses (c), (d) and (e) Excess Finance Charge Collections Applied $______________ to Reserve Account Excess Finance Charge Collections Applied $______________ to Other Amounts Owed to Collateral Interest Holder YIELD AND BASE RATE -- Base Rate (Current Month) _____________% Base Rate (Prior Month) _____________% Base Rate (Two Months Ago) _____________% THREE MONTH AVERAGE BASE RATE ______________% Series Adjusted Portfolio Yield (Current Month) _____________% Series Adjusted Portfolio Yield (Prior Month) _____________% Series Adjusted Portfolio Yield (Two Months Ago) $_____________% THREE MONTH AVERAGE SERIES ADJUSTED PORTFOLIO YIELD ______________% PRINCIPAL COLLECTIONS -- CLASS A PRINCIPAL PERCENTAGE ______________% Class A Principal Collections $_____________ CLASS B PRINCIPAL PERCENTAGE ______________% Class B Principal Collections $_____________ COLLATERAL PRINCIPAL PERCENTAGE ______________% Collateral Principal Collections $_____________ AVAILABLE PRINCIPAL COLLECTIONS $______________ REALLOCATED PRINCIPAL COLLECTIONS $______________ SERIES 2002-6 PRINCIPAL SHORTFALL $______________ SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER PRINCIPAL SHARING SERIES $______________ ACCUMULATION -- - Controlled Accumulation Amount $_____________ Deficit Controlled Accumulation Amount $_____________ CONTROLLED DEPOSIT AMOUNT $______________ PRINCIPAL FUNDING ACCOUNT BALANCE $______________ SHARED PRINCIPAL COLLECTIONS ELIGIBLE FOR OTHER PRINCIPAL SHARING SERIES $______________ INVESTOR CHARGE OFFS AND REDUCTIONS-- CLASS A INVESTOR CHARGE OFFS $______________ REDUCTIONS IN CLASS B INVESTED AMOUNT (OTHER THAN BY PRINCIPAL PAYMENTS) $______________ REDUCTIONS IN COLLATERAL INVESTED AMOUNT (OTHER THAN BY PRINCIPAL PAYMENTS) $______________ PREVIOUS CLASS A CHARGE OFFS REIMBURSED $______________ PREVIOUS CLASS B INVESTED AMOUNT REDUCTIONS REIMBURSED $______________ PREVIOUS COLLATERAL INVESTED AMOUNT REDUCTIONS REIMBURSED $______________ AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., as Servicer By: ---------------------------- Name: Title:
Sample 1
Excess Finance Charge. Collections Applied to Other Amounts Owed to Collateral Interest Holder . . . . . $_________ YIELD AND BASE RATE --
Sample 1
Excess Finance Charge. Collections Applied to other amounts owed Cash $0.00 Collateral Depositor $0.00 Total Excess Finance Charge Collections Eligible for Group 1 $0.00 YIELD AND BASE RATE Base Rate (Current Month) 6.1260% Base Rate (Prior Month) 6.1228% Base Rate (Two Months Ago) 6.1872% Three Month Average Base Rate 6.1453% Portfolio Yield (Current Month) 15.1657% Portfolio Yield (Prior Month) 13.6556% Portfolio Yield (Two Months Ago) 17.6749% Three Month Average Portfolio Yield 15.4987% PRINCIPAL COLLECTIONS Class A Principal Percentage 94.00% Class A Principal Collections $ 86,052,209.49 Class B Principal Percentage 6.00% Class B Principal Collections $ 5,492,694.22 Total Principal Collections $ 91,544,903.71 Reallocated Principal Collections $ 0.00 Shared Principal Collections Allocable from other Series $ 0.00 CLASS A AMORTIZATION Controlled Amortization Amount $ 0.00 Deficit Controlled Amortization Amount $ 0.00 Controlled Distribution Amount $ 0.00 CLASS B AMORTIZATION Controlled Amortization Amount $ 0.00 Deficit Controlled Amortization Amount $ 0.00 Controlled Distribution Amount $ 0.00 INVESTOR CHARGE-OFFS Class A Investor Charge-Offs $ 0.00 Class B Investor Charge-Offs $ 0.00 Previous Class A Charge-Offs Reimbursed $ 0.00 Previous Class B Charge-Offs Reimbursed $ 0.00 CASH COLLATERAL ACCOUNT Required Cash Collateral Amount $32,500,000.00 Available Cash Collateral Amount $32,500,000.00 FIRST OF AMERICA BANK, N.A., as Seller and Servicer By: NATIONAL CITY CORPORATION as Authorized Agent
Sample 1

Examples of Excess Finance Charge in a sentence

  • Class A Investor Charge-Offs shall thereafter be reimbursed and the Class A Invested Amount increased (but not by an amount in excess of the aggregate unreimbursed Class A Investor Charge-Offs) on any Distribution Date by the amount of Excess Spread and Excess Finance Charge Collections allocated and available for that purpose pursuant to subsection 4.07(b).

  • On each Distribution Date, the Trustee shall deposit into the Collection Account for application in accordance with Section 4.05 of the Agreement the aggregate amount of Excess Finance Charge Collections received by the Trustee pursuant to the Transfer Agreement on such date.

  • Excess Finance Charge Collections allocable to Series 2012-7 0.00 iii.

  • Application of Excess Spread, Excess Finance Charge Collections and Available Interest Reserve Account Amount Allocated to Series 2012-A 1.

  • Excess Finance Charge Collections allocable to Series 2012-2 0.00 iii.

  • In the event that the difference between (x) the Class A Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(a) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Transferors and the Trustee of such excess Class A Required Amount on the date of computation.

  • Excess Finance Charge Collections allocable to Series 2010 - 2 0.00 iii.

  • Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2014-1 1.

  • Excess Finance Charge Collections allocable to Series 2016-2 0.00 iii.

  • Application of Excess Spread and Excess Finance Charge Collections Allocated to Series 2017-5 1.

Related to Excess Finance Charge

  • Excess Finance Charge Collections means collections of Finance Charge Receivables and certain other amounts allocable to the Certificateholders’ Interest of any Excess Allocation Series in excess of the amounts necessary to make required payments with respect to such series (including payments to the provider of any related Series Enhancement) that are payable out of collections of Finance Charge Receivables.

  • Finance charge means that term as defined in section 106 of the truth in lending act, 15 USC 1605.

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).

  • Investor Finance Charge Collections means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing during such Monthly Period.

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Reallocated Investor Finance Charge Collections means that portion of Group I Investor Finance Charge Collections allocated to Series 1997-1 pursuant to Section 4.10.

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Finance Charge Receivables means Receivables created in respect of periodic finance charges, late fees, returned check fees and all other similar fees and charges billed or accrued and unpaid on an Account.

  • Finance Charge Account is defined in Section 4.9(a).

  • Group I Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount.

  • Finance Charges means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

  • Available Funds Shortfall as defined in Section 3.04(b).

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

  • Class A Monthly Principal means the monthly principal distributable in respect of the Class A Certificates as calculated in accordance with subsection 4.07(a).

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • REMIC I Principal Loss Allocation Amount With respect to any Distribution Date, an amount equal to the product of (i) the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties then outstanding and (ii) 1 minus a fraction, the numerator of which is two times the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9 and REMIC I Regular Interest I-LTM10 and the denominator of which is the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10 and REMIC I Regular Interest I-LTZZ.

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • Principal Remittance Amount With respect to any Distribution Date, the sum of the Group I Principal Remittance Amount and the Group II Principal Remittance Amount.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Available Funds Cap Any of the Class A-1 Available Funds Cap, the Class A-2 Available Funds Cap or the Weighted Average Available Funds Cap.

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).