Excess Spread Amount definition

Excess Spread Amount means, with respect to any Payment Date, the portion, if any, of Available Amounts for such Payment Date remaining after giving effect to the payments made pursuant to clauses (i) through (viii) under Section 8.3(a) of the Indenture with respect to any Payment Date prior to an Event of Default.

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Excess Spread Amount means, with respect to a Distribution Date, the excess of the Spread Account Balance (after giving effect to all deposits to, and withdrawals from the Spread Account on such Distribution Date, other than withdrawals pursuant to Section 5.06(c)) over the Specified Spread Account Balance.

Excess Spread Amount shall have the meaning set forth in the applicable Indenture Supplement.

Examples of Excess Spread Amount in a sentence

On each Distribution Date, the Master Servicer shall instruct the Indenture Trustee to distribute the Excess Spread Amount pursuant to Section 5.06(c).
On each Distribution Date, the Master Servicer shall instruct the Indenture Trustee to distribute the Excess Spread Amount pursuant to Section 5.06(b).
For the purposes of this Section 4.01(c), the Excess Spread Amount, the Group Excess Spread and the Interchange Subgroup Excess Spread will be determined on a pro forma basis, for which Finance Charge Amounts will be determined as though the Finance Charge Allocation Amount for each Tranche of Notes is the Nominal Liquidation Amount for such Tranche as of the first day of the related Due Period.
On each Distribution Date, the Master Servicer shall instruct the Indenture Trustee to distribute the Excess Spread Amount, after giving effect to the distribution described in the preceding sentence, first, to WFSRC3 until WFSRC3 has received full payment of the Spread Account Initial Deposit and second, all remaining funds to the Certificate Distribution Account for distribution to Certificateholders in accordance with Section 5.02 of the Trust Agreement.
Included in the Excess Spread Amount for the DiscoverSeries Notes.

More Definitions of Excess Spread Amount

Excess Spread Amount means, for the DiscoverSeries for any Distribution Date, the difference, whether positive or negative, between

Excess Spread Amount means, with respect to any Payment Date, the portion, if any, of Available Amounts for such Payment Date remaining after giving effect to the payments made pursuant to clauses (i) through (vii) under Section 8.3(a) of the Indenture with respect to any Payment Date prior to an Event of Default.

Excess Spread Amount means, with respect to any Monthly Period, the aggregate amount of Card Series Finance Charge Amounts (exclusive of any amounts to be treated as Card Series Finance Charge Amounts pursuant to Section 3.04(a)(v)) minus the sum of the amounts, without duplication, determined pursuant to Sections 3.01(a) through (g).

Excess Spread Amount. With respect to any Payment Date, the fraction, expressed as a percentage, equal to (x) (i) 12 multiplied by (ii) the sum of the Available Funds for the related Payment Date which remain on deposit in the Collection Account after taking into account the distributions listed in clauses (i) through (vii) of Section 8.7(d) of the Indenture with respect to such Payment Date divided by (y) the Pool Balance as of such Payment Date.

Excess Spread Amount means, as to any Distribution Date, the amount specified in subsection 4.09(a)(ix).

Excess Spread Amount means, for this Series for any Distribution Date, the amount of Series Finance Charge Amounts remaining after step (16) (Current Charge-offs from Series

Excess Spread Amount means, with respect to any Monthly Period, the aggregate amount of Available Finance Charge Collections (excluding any amounts treated as Available Finance Charge Collections pursuant to Section 4.06(a)(i) (to the extent the PFA Earnings Shortfall relates to the Coverage Funding Required Amount) and Section 4.06(a)(iii)) minus the sum of the amounts, without duplication, determined pursuant to Sections 4.07(a) - (f) for the related Payment Date.