Monthly Dilution Amount definition
Monthly Dilution Amount means an amount equal to the Weighted Average Series Allocation Percentage of the amount of any Adjustment Payment required to be deposited in the Collection Account pursuant to Section 3.9 of the Trust Sale and Servicing Agreement with respect to the related Collection Period that has not been so deposited as of the related Determination Date.
Examples of Monthly Dilution Amount in a sentence
If the Required Draw Amount exceeds Available Draw Funds for such Payment Date, the Available Subordinated Amount shall be further reduced (but not below zero) by the amount of such excess, but not by more than the sum of the Investor Defaulted Amount and the Monthly Dilution Amount.
If the amount necessary to complete the distributions referred to in this paragraph (b) exceeds Additional Noteholder Collections for such Payment Date, the Available Subordinated Amount shall be further reduced (but not below zero) by the amount of such excess, but not by more than the sum of (x) the Noteholder Defaulted Amount and (y) the Monthly Dilution Amount.