Incremental Subordinated Amount means, for any Determination Date, the product of:
Incremental Subordinated Amount means, with respect to any Determination Date, the result obtained by multiplying (a) a fraction, the numerator of which is the sum of (i) (A) the Invested Amount on the last day of the immediately preceding Collection Period or (B) with respect to the first Determination Date, the Invested Amount on the Closing Date and (ii) (A) the Available Subordinated Amount for such Determination Date (calculated without adding the Incremental Subordinated Amount for such Distribution Date as described in clause (c) of the definition thereof) or (B) with respect to the first Determination Date, the product of the Invested Amount on the Closing Date and the Subordinated Percentage and the denominator of which is the Pool Balance on such last day by (b) the Trust Incremental Subordinated Amount.
Incremental Subordinated Amount means, with respect to any Distribution Date, the result obtained by multiplying (a) a fraction, the numerator of which is the sum of the Invested Amount on the last day of the immediately preceding Collection Period (or with respect to the first Distribution Date, the Invested Amount on the Closing Date) and the Available Subordinated Amount for such Distribution Date (calculated without subtracting or adding the Incremental Subordinated Amount for such Distribution Date as described in clause (x) of the definition of Available Subordinated Amount or clause (b) of the definition of Required Subordinated Amount), and the denominator of which is the Pool Balance on such last day by (b) the Overconcentration Amount on such Distribution Date.
Examples of Incremental Subordinated Amount in a sentence
The Transferor will transfer to the Issuer on each Transfer Date any and all Ineligible Receivables arising in connection with any Account; provided that (i) on the applicable Transfer Date, such Account is an Eligible Account and (ii) the Incremental Subordinated Amount is adjusted in accordance with the related Indenture Supplement.
The Seller shall sell to the Trust on the Closing Date and on each Transfer Date any and all Receivables that are Ineligible Receivables, provided that the Trust Incremental Subordinated Amount is adjusted in accordance with the definition thereof with respect to such Ineligible Receivables.
More Definitions of Incremental Subordinated Amount
Incremental Subordinated Amount means, with respect to any Series at any time of determination, an amount equal to the incremental subordinated amount specified in the related Series Supplement.
Incremental Subordinated Amount means, for any day, the product of (i) a fraction, the numerator of which is the sum of the Target Invested Amount and the Target Available Subordinated Amount and the denominator of which is the greater of (a) the Pool Balance and (b) the sum of the amounts calculated as the numerator above for all outstanding series, in each case, on the most recent Reset Date and (ii) the Trust Incremental Subordinated Amount as of such day.
Incremental Subordinated Amount has, for any Series, the meaning specified in the related Indenture Supplement.
Incremental Subordinated Amount means, with respect to any Determination Date, the result obtained by multiplying (a) a fraction, the numerator of which is the sum of the Invested Amount on the last day of the immediately preceding Collection Period (or with respect to the first Determination Date, the Invested Amount on the Closing Date) and the Available Subordinated Amount for such Determination Date (calculated without subtracting or adding the Incremental Subordinated Amount for such Distribution Date as described in clause (D) or (E), respectively, of the definition thereof and without adding the Incremental Subordinated Amount in the definition of Required Subordinated Amount as used in the definition of Available Subordinated Amount) (or with respect to the first Determination Date, the product of the Invested Amount on the Closing Date and the Subordinated Percentage) and the denominator of which is the Pool Balance on such last day by (b) the Trust Incremental Subordinated Amount.
Incremental Subordinated Amount means, for any day, the product of (a) a fraction, the numerator of which is the sum of the Target Invested Amount and the Target Available Subordinated Amount and the denominator of which is the greater of (i) the Pool Balance or (ii) the sum of the amounts calculated as the numerator above for all outstanding series, in each case, on the most recent Reset Date and (b) the Trust Incremental Subordinated Amount for such day.
Incremental Subordinated Amount means, with respect to any Distribution Date on which there is an Incremental Funding, the product of (i) the Incremental Funded Amount on such Distribution Date and (ii) the Subordinated Percentage.
Incremental Subordinated Amount means, with respect to any ------------------------------- Determination Date, the result obtained by multiplying (a) a fraction, the numerator of which is the sum of (i) (A) the Invested Amount on the last day of the immediately preceding Collection Period or (B) with respect to the first Determination Date, the Invested Amount on the Closing Date and (ii) (A) the Series 2000-1 Available Subordinated Amount for such Determination Date (calculated without adding the Incremental Subordinated Amount for such Payment Date as described in clause (c) of the definition thereof) or (B) with respect to the first Determination Date, the product of the Invested Amount on the Closing Date and the Subordinated Percentage and the denominator of which is the Pool Balance (excluding the amount on deposit in the Excess Funding Account, if any) on such last day, by (b) the Trust Incremental Subordinated Amount.