Excess Spread means, with respect to any Distribution Date, the sum of the amounts, if any, specified pursuant to subsections 4.05(a)(iv), 4.05(b)(iii) and 4.05(c)(ii) with respect to such Distribution Date.
Excess Spread means, with respect to any Transfer Date, the sum of the amounts with respect to such Transfer Date, if any, specified pursuant to subsections 4.09(a)(iv), 4.09(b)(iii) and 4.09(c)(ii).
Excess Spread. With respect to any Distribution Date, the excess, if any, of (i) the Interest Funds for such Distribution Date over (ii) the sum of the Current Interest on the Offered Certificates and Interest Carry Forward Amounts on the Class A Certificates, in each case for such Distribution Date.
Examples of Excess Spread in a sentence
The Servicer shall remit all Collections on the Excess Spread PC for any calendar month to the Collection and Funding Account no later than two (2) Business Days before the Payment Date (or, if (i) an Event of Default is continuing or (ii) at any time during which funds on deposit in the Collection and Funding Account are less the Required Available Funds, no later than two (2) Business Days after receipt and identification thereof).
More Definitions of Excess Spread
Excess Spread means, for or in respect of the Series 1997-1 Ownership Interest for any month, an amount equal to the product of:
Excess Spread means, with respect to any Transfer
Excess Spread. With respect to any Distribution Date, the excess, if any, of (i) the Interest Funds for such Distribution Date over (ii) the sum of the Current Interest on the Class A Certificates and Class M Certificates and Interest Carry Forward Amounts on the Class A Certificates (other than Interest Carry Forward Amounts paid pursuant to Section 5.04(a)(4)(A)), in each case for such Distribution Date.
Excess Spread. With respect to any Distribution Date, the excess, if any, of (i) the Interest Funds for such Distribution Date over (ii) the sum of the Current Interest on the Class A, Class M and Class B Certificates and Interest Carry Forward Amounts on the Class A Certificates (other than Interest Carry Forward Amounts paid pursuant to Section 5.04(a)(3(A)), in each case for such Distribution Date. Exemption: Prohibited Transaction Exemption 90-30, as amended from time to time.
Excess Spread means, with respect to any Transfer Date, an amount equal to the sum of the amounts described in clause (a)(iv), clause (b)(iii) and clause (c)(ii) above.
Excess Spread means, with respect to any Determination Date for any Monthly Period, the product of (a) 12 times (b) the percentage equivalent of a fraction (i) the numerator of which is the excess, if any, of (x) the Adjusted Interest Collections for such Monthly Period over (y) the aggregate Outstanding Principal Balance of all Pledged Receivables that became Defaulted Receivables during such Monthly Period and (ii) the denominator of which is the average daily Eligible Portfolio Outstanding Principal Balance for such Monthly Period.
Excess Spread. With respect to any Payment Date, the excess of (a) the Available Payment Amount over (b) the Regular Payment Amount.