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 July 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 August 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 April 2004 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. "Reference Banks" means four major banks in the London interbank market selected by the Beneficiary. "Required Accumulation Reserve sub-Account Amount" shall mean, 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 B(2001-1) 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. "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. "Stated Principal Amount" means $250,000,000. "Telerate Page 3750" means the display page currently so designated on the Bridge Telerate Market Report (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices). "Weighted Average Interest Rates" means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest: (a) in the case of a tranche of Dollar Interest-bearing Notes with no Derivative Agreement for interest, the rate of interest applicable to that tranche on that date; (b) in the case of a tranche of Discount Notes, the rate of accretion (converted to an accrual rate) of that tranche on that date; (c) in the case of a tranche of Notes with a payment due to a Performing Derivative Agreement for interest, the rate at which payments by the Issuer to the applicable Derivative Counterparty ...
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 October 2002 Transfer Date and each Transfer Date