Minimum Subordinated Amount definition

Minimum Subordinated Amount means, with respect to any date of determination, the greater of (a) 2.25% of the Series 1998-1 Invested Amount on such date and (b) an amount equal to (i) the Minimum Enhancement Amount, minus (ii) the Series 1998-1 Letter of Credit Amount.
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Minimum Subordinated Amount means, with respect to any date of determination, the sum of (a) the product of (i) the Minimum Program Subordinated Percentage, times (ii) a dollar amount equal to (x) the aggregate Invested Amount for the Series 1995-1 Notes minus the product of (A) the aggregate amount of cash and Permitted Investments in the Collection Account and, to the extent cash and Permitted Investments in the Master Collateral Account are allocable to the Trustee as Beneficiary pursuant to the Master Collateral Agency Agreement and are not distributable to or at the direction of Thrifty pursuant thereto, cash and Permitted Investments in the Master Collateral Account, as of such date, times (B) a fraction, the numerator of which shall be the Invested Amount for the Series 1995-1 Notes as of such date and the denominator of which shall be the greater of (I) the Aggregate Asset Amount as of such date and (II) the sum of the Invested Amounts for all Series of Notes as of such date, divided by (y) an amount equal to 100% minus the Minimum Program Subordinated Percentage as of such date, times (iii) a fraction, the numerator of which is the aggregate Net Book Value of all Program Vehicles as of such date and the denominator of which is the aggregate Net Book Value of all Program Vehicles and Non-Program Vehicles as of such date, plus (b) the product of (i) the Minimum Non-Program Subordinated Percentage, times (ii) a dollar amount equal to (x) the aggregate Invested Amount for the Series 1995-1 Notes as of such date, minus the product of (A) the aggregate amount of cash and Permitted Investments in the Collection Account and the Master Collateral Account as of such date, times (B) a fraction, the numerator of which shall be the Invested Amount for the Series 1995-1 Notes as of such date and the denominator of which shall be the greater of (I) the Aggregate Asset Amount as of such date and (II) the sum of the Invested Amounts for all Series of Notes as of such date, divided by (y) an amount equal to 100% minus the Minimum Non-Program Subordinated Percentage as of such date, times (iii) a fraction, the numerator of which is the aggregate Net Book Value of all Non-Program Vehicles as of such date and the denominator of which is the aggregate Net Book Value of all Program Vehicles and Non- Program Vehicles as of such date.
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Examples of Minimum Subordinated Amount in a sentence

  • RCFC shall maintain the Series 1998-1 Available Subordinated Amount in an amount greater than or equal to the Minimum Subordinated Amount.

  • RCFC shall maintain the Series 2010-3 Available Subordinated Amount in an amount greater than or equal to the Series 2010-3 Minimum Subordinated Amount.

  • RCFC shall maintain the Series 2010-1 Available Subordinated Amount in an amount greater than or equal to the Series 2010-1 Minimum Subordinated Amount.

  • RCFC shall maintain the Series 2000-1 Available Subordinated Amount in an amount greater than or equal to the Minimum Subordinated Amount.

  • RCFC shall maintain the Series 2010-2 Available Subordinated Amount in an amount greater than or equal to the Series 2010-2 Minimum Subordinated Amount.

  • RCFC shall maintain the Series 2001-1 Available Subordinated Amount in an amount greater than or equal to the Minimum Subordinated Amount.

  • RCFC shall maintain the Series 1999-1 Available Subordinated Amount in an amount greater than or equal to the Minimum Subordinated Amount.

  • Subject to RCFC shall maintain the Series 2006-1 Available Subordinated Amount in an amount greater than or equal to the Minimum Subordinated Amount.

  • RCFC shall maintain the Series 2002-1 Available Subordinated Amount in an amount greater than or equal to the Minimum Subordinated Amount.

  • RCFC shall maintain the Series 2011-2 Available Subordinated Amount in an amount greater than or equal to the Series 2011-2 Minimum Subordinated Amount.

Related to Minimum Subordinated Amount

  • Excess Subordinated Amount With respect to any Distribution Date, the excess, if any, of (a) the Subordinated Amount on such Distribution Date over (b) the Specified Subordinated Amount for such Distribution Date.

  • Available Subordinated Amount if there is a Subordinate Class with respect to Class A, shall mean, on a Distribution Date, the sum of

  • Required Subordinated Amount means, as of a date, the sum of:

  • Required Subordinated Amount of Class B Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • Subordinated Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • Specified Subordinated Amount As applicable, the Group I Specified Subordinated Amount or the Group II Specified Subordinated Amount.

  • Aggregate Subordinate Percentage As to any Distribution Date, the percentage equivalent of a fraction the numerator of which is the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates and the denominator of which is the Pool Balance for such Distribution Date.

  • Aggregate Subordinated Percentage With respect to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is equal to the aggregate Class Certificate Balance of the Subordinated Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all the Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to that prior Due Date).

  • Group II Subordinate Percentage For any Distribution Date, the excess of 100% over the Group II Senior Percentage for such date.

  • Group I Subordinate Percentage For any Distribution Date, the excess of 100% over the Group I Senior Percentage for such date.

  • Excess Subordinate Principal Amount With respect to any Distribution Date on which the aggregate Certificate Principal Balance of the Class of Subordinate Certificates then outstanding with the Lowest Priority is to be reduced to zero and on which Realized Losses are to be allocated to such class or classes, the excess, if any, of (i) the amount that would otherwise be distributable in respect of principal on such class or classes of Certificates on such Distribution Date over (ii) the excess, if any, of the aggregate Certificate Principal Balance of such class or classes of Certificates immediately prior to such Distribution Date over the aggregate amount of Realized Losses to be allocated to such classes of Certificates on such Distribution Date as reduced by any amount calculated pursuant to Section 4.02(b)(i)(E). With respect to any Mortgage Pool that is comprised of two or more Loan Groups, the Excess Subordinate Principal Amount will be allocated between each Loan Group on a pro rata basis in accordance with the amount of Realized Losses attributable to each Loan Group and allocated to the Certificates on such Distribution Date.

  • Required Subordinated Percentage of Class B Notes means, for the Class A( - ) Notes, [ ]%, subject to adjustment in accordance with Section 2.02.

  • Class Subordination Percentage With respect to any Distribution Date and each Class of Subordinated Certificates, the quotient (expressed as a percentage) of (a) the Class Certificate Balance of such Class of Certificates immediately prior to such Distribution Date divided by (b) the aggregate of the Class Certificate Balances immediately prior to such Distribution Date of all Classes of Certificates.

  • Original Subordinated Percentage The Subordinated Percentage as of the Cut-Off Date, as set forth in Section 11.07.

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class D Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Initial Subordinate Class Percentage As defined in the Series Supplement.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Group Subordinate Amount For a Mortgage Pool and any Distribution Date; the excess of (a) the Pool Principal Balance of such Mortgage Pool for the immediately preceding Distribution Date, over (b) the aggregate Class Certificate Balance of the Senior Certificates of the related Certificate Group immediately prior to that Distribution Date. Index: Not applicable.

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of:

  • Required Subordinated Percentage of Class C Notes means, for the Class A( - ) Notes, [ ]%, subject to adjustment in accordance with Section 2.02.

  • Original Subordinated Principal Balance The aggregate of the Class Certificate Balances of the Subordinated Certificates as of the Closing Date.