Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.
Quarterly Excess Available Funds Percentage means, with respect to the August 2006 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.
Quarterly Excess Available Funds Percentage means, with respect to the June 2003 Transfer Date and each Transfer Date
More Definitions of Quarterly Excess Available Funds Percentage
Quarterly Excess Available Funds Percentage means, with respect to the July 2006 Transfer Date and each Transfer Date
Quarterly Excess Available Funds Percentage means, with
Quarterly Excess Available Funds Percentage means, with respect to the July 2007 Transfer Date and each Transfer Date
Quarterly Excess Available Funds Percentage means, with respect to the September 2007 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three. "Record Date" means, for any Transfer Date, the last Business Day of the preceding Monthly Period. "Required Accumulation Reserve sub-Account Amount" means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class A(2002-11) Notes as of the close of business on the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation that a Ratings Effect will not occur with respect to such change. "Required Derivative Reserve Amount" shall have the meaning specified in the Supplemental Derivative Letter dated as of the date hereof between the Issuer, the Indenture Trustee and the Derivative Counterparty. "Servicer Interchange Rate" means, for any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the MBNAseries Servicer Interchange for such Monthly Period, and the denominator of which is the Weighted Average Available Funds Allocation Amount for the MBNAseries for such Monthly Period. "Spot Exchange Rate" means, on any day, the spot rate at which Dollars are offered on such day by The Bank of New York in New York, New York, U.S.A. (determined by the Issuer in its reasonable discretion), as prevailing on a local business day for transactions in Euros at approximately 11:00 a.m. (New York City time). "Stated Principal Amount" means ?500,000,000. "Swap Downgrade Event" is defined in the Derivative Agreement. "TARGET Settlement Date" means any London Business Day on which the Trans-European Automated Real-time Gross settlement Express Transfer system is open. "Telerate Page 248" means the display page currently so designated on the Moneyline Telerate Service (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices). "Telerate Page 3750" means the display page currently so designated on the Moneyline Telerate Service (or such other page as may replace that page on that service for the purpose of dis...
Quarterly Excess Available Funds Percentage means, with respect to the March 2010 Transfer Date and each Transfer Date
Quarterly Excess Available Funds Percentage means, with respect to the November 2005 Transfer Date and each Transfer Date
Quarterly Excess Available Funds Percentage means, with respect to the January 2002 Transfer Date and each Transfer Date