Minimum Aggregate Principal Receivables definition

Minimum Aggregate Principal Receivables means, as of any date of determination, the sum of the numerators used on such date to calculate the Investor Percentage with respect to Principal Receivables for all Series outstanding on such date, less the amount on deposit in the Excess Funding Account as of such date of determination.

Minimum Aggregate Principal Receivables means the sum of all numerators used to calculate the allocation percentages with respect to Principal Collections for all Series.

Minimum Aggregate Principal Receivables means, unless otherwise provided in a Supplement relating to any Series, as of any date of determination, an amount equal to the sum of the numerators used in the calculation of the Investor Percentages with respect to Principal Receivables for all outstanding Series on such date; provided, that with respect to any Series in its Accumulation Period or such other period as designated in the related Supplement with an Investor Interest as of such date of determination equal to the Principal Funding Account Balance relating to such Series taking into account any deposit to be made to the Principal Funding Account on the Transfer Date following such date of determination, the numerator used in the calculation of the Investor Percentage with respect to Principal Receivables relating to such Series shall, solely for the purpose of the definition of Minimum Aggregate Principal Receivables, be deemed to equal zero.

Examples of Minimum Aggregate Principal Receivables in a sentence

• The Minimum Aggregate Principal Receivables shall be the sum of the numerators used to calculate the Investor Percentage with respect to Principal Receivables for all Series then outstanding.

• Notwithstanding the foregoing, no funds shall be withdrawn from the Excess Funding Account for distribution to the Holder of the Transferor Certificate on any day if immediately after giving effect to such withdrawal the aggregate Principal Receivables in the Trust would be less than the Minimum Aggregate Principal Receivables.

• Funds on deposit in the Excess Funding Account will be withdrawn and paid to Transferor on any day to the extent that the Transferor Interest exceeds the Minimum Transferor Interest on such day; provided however, no funds shall be withdrawn from the Excess Funding Account for distribution to Transferor on any day on which the aggregate Principal Receivables in the Trust are less than the Minimum Aggregate Principal Receivables.

• Upon final payment of the Series 1999-1 Investor Certificates, the Minimum Aggregate Principal Receivables shall be computed in a manner consistent with the Agreement or any future Supplement, as appropriate.

• The Minimum Aggregate Principal Receivables applicable to the Series 1998-1 Certificates shall be the Initial Invested Amount plus the principal amount of any Additional Class D Certificates that may be issued or, subject to the Rating Agency Condition, such lesser amount designated by the Transferor.

More Definitions of Minimum Aggregate Principal Receivables

Minimum Aggregate Principal Receivables means, unless otherwise specified in any Supplement for the related Series, as of any date of determination, an amount equal to (i) the sum of the numerators used to calculate the Investor Percentages with respect to the allocation of Collections of Principal Receivables for each Outstanding Series on such date minus (ii) the amount then on deposit in the Collection Account equal to the excess of the Minimum Transferor Interest over the Transferor Interest retained therein pursuant to subsections 4.03(b) and (f) and any similar provision in any Supplement.

Minimum Aggregate Principal Receivables shall have the meaning specified --------------------------------------- in Section 4 hereof.

Minimum Aggregate Principal Receivables means, on any date of determination, the aggregate of the amounts set forth in each Indenture Supplement for each then outstanding Series as the "Minimum Aggregate Principal Receivables" for such Series, which amount for any such Series shall be the Initial Invested Amount of such Series unless otherwise specified in the related Indenture Supplement.

Minimum Aggregate Principal Receivables means, with respect to all series then outstanding, unless otherwise provided in the related series supplement, an amount equal to the sum of the numerators used in the calculation of the Investor Percentages with respect to principal receivables for all outstanding series on such date, except that:

Minimum Aggregate Principal Receivables for any date means an amount equal to the sum of the numerators used in the calculation of the Principal Investor Percentages for all outstanding series on that date. For any series with an Investor Interest as of such date equal to the amount of funds on deposit in its principal funding account, the numerator used in the calculation of the investor percentage for such series will, solely for the purpose of this definition, be deemed to equal zero.

Minimum Aggregate Principal Receivables means, as of any date of --------------------------------------- determination, an amount equal to the Initial Invested Amounts for all outstanding Series on such date.

Minimum Aggregate Principal Receivables means, as of any date of --------------------------------------- determination, the largest "Minimum Aggregate Principal Receivables" specified in the Supplement with respect to any Series of Certificates issued and outstanding at such date of determination.