Minimum Enhancement Amount means, with respect to the Series 2001-1 Notes on any date of determination, the sum of (a) the product of (i) the Series 2001-1 Program Enhancement Percentage, times (ii) an amount in U.S. Dollars equal to the aggregate Series 2001-1 Invested Amount minus the product of (A) the aggregate amount of cash and Permitted Investments in the Group III Collection Account, the Exchange Agreement Rights Value and, to the extent cash and Permitted Investments in the Master Collateral Account are allocable to the Trustee on behalf of the holders of the Group III Series of Notes as Beneficiary pursuant to the Master Collateral Agency Agreement, such cash and Permitted Investments in the Master Collateral Account as of such date, in each case to the extent such cash and Permitted Investments constitute Group III Collateral, times (B) the Series 2001-1 Invested Percentage as of such date, times (iii) a fraction, the numerator of which shall be the aggregate Net Book Value of all Group III Program Vehicles as of such date and the denominator of which shall be the aggregate Net Book Value of all Group III Program Vehicles and Non-Program Vehicles as of such date, plus (b) the product of (i) the Series 2001-1 Non-Program Enhancement Percentage, times (ii) an amount in U.S. Dollars equal to the aggregate Series 2001-1 Invested Amount as of such date, minus the product of (A) the aggregate amount of cash and Permitted Investments in the Group III Collection Account as of such date, the Exchange Agreement Rights Value and, to the extent cash and Permitted Investments in the Master Collateral Account are allocable to the Trustee on behalf of the holders of the Group III Series of Notes as Beneficiary pursuant to the Master Collateral Agency Agreement, such cash and Permitted Investments in the Master Collateral Account as of such date, in each case to the extent such cash and Permitted Investments constitute Group III Collateral, times (B) the Series 2001-1 Invested Percentage as of such date, times (iii) a fraction, the numerator of which shall be the aggregate Net Book Value of all Group III Non-Program Vehicles as of such date and the denominator of which shall be the aggregate Net Book Value of all Group III Program Vehicles and Group III Non-Program Vehicles as of such date, plus (c) the Additional Overcollateralization Amount as of such date.
Minimum Enhancement Amount means, as of any Determination Date, an amount equal to the greater of (i) an amount equal to the product of (w) the Aggregate Reserve Percentage as of such Determination Date and (x) a fraction the numerator of which is equal to the Class A Invested Amount as of such Determination Date minus the Funding Adjustment as of such Determination Date and the denominator of which is 1 minus such Aggregate Reserve Percentage plus (y) the Contractual Dilution as of such Determination Date and (ii) $5,000,000.
Minimum Enhancement Amount means, with respect to the Series 2004-1 Notes on any date of determination, the sum of (a) the product of (i) the Series 2004-1 Program Enhancement Percentage, times (ii) an amount in U.S. Dollars equal to the aggregate Series 2004-1 Invested Amount minus the product of (A) the aggregate amount of cash and Permitted Investments in the Group III Collection Account, the Exchange Agreement Group III Rights Value (to the extent of any value attributable to amounts on deposit in an Escrow Account) and, to the extent cash and Permitted Investments in the Master Collateral Account are allocable to the Trustee on behalf of the holders of the Group III Series of Notes as Beneficiary pursuant to the Master Collateral Agency Agreement, such cash and Permitted Investments in the Master Collateral Account as of such date, in each case to the extent such cash and Permitted Investments constitute Group III Collateral, times (B) the Series 2004-1 Invested Percentage as of such date, times (iii) a fraction, the numerator of which shall be the aggregate Net Book Value of all Group III Program Vehicles as of such date and the denominator of which shall be the aggregate Net Book Value of all Group III Program Vehicles and Non-Program Vehicles as of such date, plus (b) the product of (i) the Series 2004-1 Non-Program Enhancement Percentage, times (ii) an amount in U.S. Dollars equal to the aggregate Series 2004-1 Invested Amount as of such date, minus the product of (A) the aggregate amount of cash and Permitted Investments in the Group III Collection Account as of such date, the Exchange Agreement Group III Rights Value (to the extent of any value attributable to amounts on deposit in an Escrow Account) and, to the extent cash and Permitted Investments in the Master Collateral Account are allocable to the Trustee on behalf of the holders of the Group III Series of Notes as Beneficiary pursuant to the Master Collateral Agency Agreement, such cash and Permitted Investments in the Master Collateral Account as of such date, in each case to the extent such cash and Permitted Investments constitute Group III Collateral, times (B) the Series 2004-1 Invested Percentage as of such date, times (iii) a fraction, the numerator of which shall be the aggregate Net Book Value of all Group III Non-Program Vehicles as of such date and the denominator of which shall be the aggregate Net Book Value of all Group III Program Vehicles and Group III Non-Program Vehicles as of such date, plus (c) t...
Examples of Minimum Enhancement Amount in a sentence
The sum of (i) the Series 2010-3 Letter of Credit Amount, (ii) the Series 2010-3 Cash Liquidity Amount and (iii) the Series 2010-3 Available Subordinated Amount shall be in an amount at least equal to the Series 2010-3 Minimum Enhancement Amount.
The parties hereto agree that, solely for purposes of the Series 1997-1 Supplement, notwithstanding any provision in the Agreement to the contrary, any reference to the Net Pool Balance being compared to the Required Participation Amount shall be deemed to mean that the Minimum Enhancement Amount is greater than the sum of (i) Contractual Dilution and (ii) Aggregate Reserves.
Whenever the Series 1997-1 Enhancement Amount is less than the Series 1997-1 Minimum Enhancement Amount or a Series 1997 Asset Amount Deficiency exists, then, on the Distribution Date immediately following discovery of such deficiency, NFLP shall decrease the Series 1997-1 Invested Amount of the Series 1997-1 Notes as required under Section 4.3(a) of the Series 1997-1 Supplement.
The Series 2000-1 Letter of Credit Amount plus the Series 2000-1 Available Subordinated Amount shall be in an amount at least equal to the Minimum Enhancement Amount.
In addition to the conditions set forth above, the obligation of each Bank to make a Revolving Loan or Swingline Lender to make a Swingline Loan is subject to the additional conditions that the outstanding aggregate Principal Amount of all outstanding Series of Certificates plus the amount on deposit in the Cash Collateral Account, if any, shall not (i) have been less than the Required Enhancement Amount for a period of 90 or more days and (ii) be less than the Minimum Enhancement Amount.
More Definitions of Minimum Enhancement Amount
Minimum Enhancement Amount means, as of any Report Date or Interim Report Date, an amount equal to the greater of: (a) an amount equal to the product of (i) the Aggregate Reserve Percentage as of such Report Date or Interim Report Date and (ii) a fraction the numerator of which is equal to outstanding Capital as of such Report Date or Interim Report Date and the denominator of which is 1 minus such Aggregate Reserve Percentage plus (iii) the Contractual Dilution Balance as of such Report Date or Interim Report Date and (b) $15,800,000.
Minimum Enhancement Amount means, with respect to the Series 2000-1 Notes on any date of determination, the product of (i) the Series 2000-1 Required Enhancement Percentage, times (ii) an amount equal to the aggregate Series 2000-1 Invested Amount minus the product of (A) the aggregate amount of cash and Permitted Investments in the Group II Collection Account, the Exchange Agreement Group II Rights Value (to the extent of any value attributable to amounts on deposit in an Escrow Account) and, to the extent cash and Permitted Investments in the Master Collateral Account are allocable to the Trustee on behalf of the holders of the Group II Series of Notes as Beneficiary pursuant to the Master Collateral Agency Agreement, such cash and Permitted Investments in the Master Collateral Account as of such date, in each case to the extent such cash and Permitted Investments constitute Group II Collateral, times (B) the Series 2000-1 Invested Percentage as of such date.
Minimum Enhancement Amount means, with respect to the Series 2007-1 Notes on any date of determination, the product of (i) the Series 2007-1 Required Enhancement Percentage, times (ii) an amount equal to the aggregate Series 2007-1 Invested Amount minus the product of (A) the aggregate amount of cash and Permitted Investments in the Group IV Collection Account, the Exchange Agreement Group IV Rights Value (to the extent of any value attributable to amounts on deposit in an Escrow Account) and, to the extent cash and Permitted Investments in the Master Collateral Account are allocable to the Trustee on behalf of the holders of the Group IV Series of Notes as Beneficiary pursuant to the Master Collateral Agency Agreement, such cash and Permitted Investments in the Master Collateral Account as of such date, in each case to the extent such cash and Permitted Investments constitute Group IV Collateral, times (B) the Series 2007-1 Invested Percentage as of such date.
Minimum Enhancement Amount means the sum of the Minimum Credit Amounts.
Minimum Enhancement Amount means, as of any date of -------------------------- determination the sum of (i) 6% of the Aggregate Investor Amount as of such date and (ii) the Required Spread Account Balance.
Minimum Enhancement Amount means, collectively, the Minimum Class A Enhancement Amount, the Minimum Class B Enhancement Amount, the Minimum Class C Enhancement Amount and the Minimum Class D Enhancement Amount.
Minimum Enhancement Amount means, as of any date of determination, the greater of (i) 20.0% of the Aggregate Investor Amount as of such date or (ii) $10,000,000.