Minimum Sponsor Interest definition

Minimum Sponsor Interest means, (i) if the Series Certificate Agreement provides that the Partnership Factors apply, with respect to any day, an amount equal to the lesser of one percent of the Aggregate Outstanding Certificate Balance and $500,000 (adjusted for any capital contributions (actual or deemed) by any Holder) or (ii) in all other cases, an aggregate interest at all times in the capital of the Series Pool of $5,000.
Sample 1Sample 2Sample 3
Minimum Sponsor Interest means, (i) if the Series Certificate Agreement provides that the Partnership Factors apply, with respect to any day, an amount equal to the lesser of one percent of the Aggregate Outstanding Certificate Balance and $500,000 (adjusted for any capital $80,000,000 3.337% = Maximum Reset Rate Example 4: Assumptions: 1. Same as Example 3 except that $20,000,000 of Assets bear interest at 90% of 30 day LIBOR and $80,000,000 of Assets are fixed rate Assets bearing interest at 6.8% STEP ONE: the applicable Reset Period factor is 52.1428 STEP TWO: determine the Available Interest Amount Interest accruals on Assets $20,000,000 LIBOR-based Assets = ($20,000,000)(2.7%)(7) = $10,356.16 365 ($80,000,000)(6.8%)(7) = $104,328.76 365 AIA = ($10,356.16+$104,328.76) = $114,684.92 STEP THREE: multiply STEP ONE and STEP TWO and convert to interest rate related to Class A Certificates (52.1428)($114,684.92) $80,000,000 7.47499% = Maximum Reset Rate contributions (actual or deemed) by any Holder) or (ii) in all other cases, an aggregate interest at all times in the capital of the Series Pool of $5,000.
Sample 1
Minimum Sponsor Interest means, (i) if the Series Certificate Agreement provides that the Partnership Factors apply, with respect to any day, an amount equal to the lesser of one percent of the Aggregate Outstanding Certificate Balance and $500,000 (adjusted for any capital AIA = $51,780.82 STEP THREE: multiply STEP ONE times STEP TWO and convert to interest rate related to Class A Certificates (52.1428)($51,780.82) $80,000,000 3.337% = Maximum Reset Rate Example 4: Assumptions: 1. Same as Example 3 except that $20,000,000 of Bonds bear interest at 90% of 30 day LIBOR and $80,000,000 of Bonds are fixed rate bonds bearing interest at 6.8% STEP ONE: the applicable Reset Period factor is 52.1428 STEP TWO: determine the Available Interest Amount Interest accruals on Bonds $20,000,000 LIBOR-based Bonds = ($20,000,000)(2.7%)(7) = $10,356.16 365 ($80,000,000)(6.8%)(7) = $104,328.76 365 AIA = ($10,356.16+$104,328.76) = $114,684.92 STEP THREE: multiply STEP ONE and STEP TWO and convert to interest rate related to Class A Certificates (52.1428)($114,684.92) $80,000,000 7.47499% = Maximum Reset Rate contributions (actual or deemed) by any Holder) or (ii) in all other cases, an aggregate interest at all times in the capital of the Series Pool of $5,000.
Sample 1

More Definitions of Minimum Sponsor Interest

Minimum Sponsor Interest means, (i) if the Series Certificate Agreement provides that the Partnership Factors apply, with respect to any day, an amount equal to the lesser of one percent of the Aggregate Outstanding Certificate Balance and $500,000 (adjusted for any capital contributions (actual or deemed) by any Holder) or (ii) in all other cases, an aggregate interest at all times in the capital of the Series Pool of $5,000. Example 4: Assumptions: 1. Same as Example 3 except that $20,000,000 of Bonds bear interest at 90% of 30 day LIBOR and $80,000,000 of Bonds are fixed rate bonds bearing interest at 6.8% STEP ONE: the applicable Reset Period factor is 52.1428 STEP TWO: determine the Available Interest Amount Interest accruals on Bonds $20,000,000 LIBOR-based Bonds = ($20,000,000)(2.7%)(7) = $10,356.16 365 ($80,000,000)(6.8%)(7) = $104,328.76 365 AIA = ($10,356.16+$104,328.76) = $114,684.92 STEP THREE: multiply STEP ONE and STEP TWO and convert to interest rate related to Class A Certificates (52.1428)($114,684.92) $80,000,000 7.47499% = Maximum Reset Rate
Sample 1
Minimum Sponsor Interest means, (i) if the Series Certificate Agreement provides that the Partnership Factors apply, with respect to any day, an amount equal to the lesser of one percent of the Aggregate Outstanding Certificate Balance and $500,000 (adjusted for any capital $80,000,000 3.337% = Maximum Reset Rate Example 4: Assumptions: 1. Same as Example 3 except that $20,000,000 of Assets bear interest at 90% of 30 day LIBOR and $80,000,000 of Assets are fixed rate Assets bearing interest at 6.8% STEP ONE: the applicable Reset Period factor is 52.1428 STEP TWO: determine the Available Interest Amount Interest accruals on Assets $20,000,000 LIBOR-based Assets = ($20,000,000)(2.7%)(7) = $10,356.16 365 ($80,000,000)(6.8%)(7) = $104,328.76 365 AIA = ($10,356.16+$104,328.76) = $114,684.92 STEP THREE: multiply STEP ONE and STEP TWO and convert to interest rate related to Class A Certificates (52.1428)($114,684.92) $80,000,000 7.47499% = Maximum Reset Rate contributions (actual or deemed) by any Holder) or (ii) in all other cases, an aggregate interest at all times in the capital of the Series Pool of $5,000.
Sample 1

Related to Minimum Sponsor Interest

  • Minimum Transferor Interest means, with respect to any period, --------------------------- 4% of the average of the aggregate amount of Principal Receivables for such period.

  • Investor Interest means, on any date of determination, an amount equal to the sum of (a) the Class A Investor Interest, (b) the Class B Investor Interest and (c) the Collateral Interest Amount, each as of such date.

  • Floating Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Invested Amount as of the last day of the preceding Monthly Period (or with respect to the first Monthly Period, the Initial Invested Amount) and the denominator of which is the greater of (1) the sum of (x) the total amount of Principal Receivables in the Trust at the end of the day on such date (or with respect to the first Monthly Period, at the end of the day on the Closing Date) and (y) the principal amount on deposit in the Excess Funding Account as of the end of the day on such date and (2) the sum of the numerators used to calculate the Series Percentages (as such term is defined in the Agreement) with respect to Finance Charge Receivables or Defaulted Receivables, as applicable, for all Series then outstanding; provided, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer need not make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be the Average Principal Balance; provided further, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer is required to make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be (1) for the period from and including the first day of such Monthly Period to but excluding the related Addition Date, the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period and (2) for the period from and including the related Addition Date to and including the last day of such Monthly Period, the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date.