Minimum Transferor Interest Percentage definition

Minimum Transferor Interest Percentage means 7%.

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Minimum Transferor Interest Percentage means the highest percentage determined in accordance with the definitions of "Minimum Transferor Interest Percentage" specified in the Supplements for all outstanding Series.

Minimum Transferor Interest Percentage shall have the meaning specified in Section 3 of this Series Supplement.

Examples of Minimum Transferor Interest Percentage in a sentence

• The Minimum Transferor Interest Percentage applicable to the Series 1998-1 Certificates shall be 0%; provided, however, that the Transferor may, at its option and in its sole discretion, designate a higher percentage as the Minimum Transferor Interest Percentage so long as, after giving effect to such designation and any repurchase of Investor Certificates or designation of Supplemental Accounts, the Transferor Amount shall equal or exceed the Minimum Transferor Amount.

• Certain terms pertaining to each Collateral Series will be defined in the applicable Indenture Supplements (but are hereby incorporated by reference into this Series Supplement), including whether such Collateral Series is a Principal Sharing Series, whether such Collateral Series is one of the Series of Group One and the Minimum Transferor Interest Percentage and Minimum Aggregate Principal Receivables for such Collateral Series.

• The Minimum Transferor Interest Percentage ------------------------------- applicable to the Series 2000-1 Certificates shall be 0%; provided, however, -------- ------- that the Transferor may, in its sole discretion, designate a higher percentage as the Minimum Transferor Interest Percentage so long as, after giving effect to such designation and any repurchase of Investor Certificates or designation of Additional Accounts, the Transferor Amount shall equal or exceed the Minimum Transferor Amount.

• The Minimum Transferor Interest Percentage applicable to the Series 1997-2 Certificates shall be 0%; provided, however, that the Transferor may, at its option and in its sole discretion, designate a higher percentage as the Minimum Transferor Interest Percentage so long as, after giving effect to such designation and any repurchase of Investor Certificates or designation of Supplemental Accounts, the Transferor Amount shall equal or exceed the Minimum Transferor Amount.

• The Minimum Transferor Interest Percentage applicable to the Series 1996-A Certificates shall be 2% (unless the Trustee shall have received an Opinion of Counsel that a lower percentage will not have any material adverse effect on the Federal income tax characterization of any ou tstanding Series of Investor Certificates).

More Definitions of Minimum Transferor Interest Percentage

Minimum Transferor Interest Percentage shall have the meaning specified in Section C.

Minimum Transferor Interest Percentage means the highest percentage specified as the "Minimum Transferor Interest Percentage" in any Supplement; provided, however, that the Transferor may reduce the Minimum Transferor Interest Percentage upon (w) 30 days' prior notice to the Trustee, each Rating Agency and any Credit Enhancement Provider entitled to receive such notice pursuant to the relevant Supplement, (x) written confirmation from each Rating Agency that such action will satisfy the Rating Agency Condition, (y) delivery to the Trustee and each such Credit Enhancement Provider of an Officer's Certificate stating that the Transferor reasonably believes that such reduction will not, based on the facts known to such officer at the time of such certification, then or thereafter cause a Pay Out Event to occur with respect to any Series and (z) delivery to the Trustee of a Tax Opinion; provided further that the Minimum Transferor Interest Percentage shall not at any time be less than 2%.

Minimum Transferor Interest Percentage means the highest percentage -------------------------------------- specified as the "Minimum Transferor Interest Percentage" in any Supplement; provided, however, that the Transferor may reduce the Minimum Transferor -------- ------- Interest Percentage upon (w) 30 days' prior notice to the Trustee, each Rating Agency and any Credit Enhancement Provider entitled to receive such notice pursuant to the relevant Supplement, (x) written confirmation from each Rating Agency that such action will satisfy the Rating Agency Condition, (y) delivery to the Trustee and each such Credit Enhancement Provider of an Officer's Certificate stating that the Transferor reasonably believes that such reduction will not, based on the facts known to such officer at the time of such certification, then or thereafter cause a Pay Out Event to occur with respect to any Series and (z) delivery to the Trustee of a Tax Opinion; provided further -------- ------- that the Minimum Transferor Interest Percentage shall not at any time be less than 2%.

Minimum Transferor Interest Percentage means 4%; provided, however, that the Transferor may reduce the Minimum Transferor Interest Percentage in accordance with the definition of "Minimum Transferor Interest Percentage" in the Agreement.

Minimum Transferor Interest Percentage means for the February through November Monthly Periods, 10%; for all other Monthly Periods, 12%.

Minimum Transferor Interest Percentage means |X|%.

Minimum Transferor Interest Percentage is defined in Section 2.2.