Quarterly Excess Spread Percentage means, for each Determination Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the February 2015 Payment Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the Monthly Period relating to the January 2015 Payment Date and (ii) the Excess Spread Percentage for the Monthly Period relating to the February 2015 Payment Date and the denominator of which is two and (b) with respect to the March 2015 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to the Monthly Periods relating to such Payment Date and the immediately preceding two Payment Dates and the denominator of which is three.
Quarterly Excess Spread Percentage means, with respect to any Monthly Period, the average of the current Excess Spread Percentage and the Excess Spread Percentages associated with the two immediately preceding Monthly Periods.
Examples of Quarterly Excess Spread Percentage in a sentence
The amount required to be on deposit in the Class C Reserve Sub-Account will depend upon the extent to which the Quarterly Excess Spread Percentage is less than the Trigger Percentage.
The share of the Servicing Fee allocable to Series 2009-C for any Transfer Date (the “Noteholder Servicing Fee”) shall be equal to one- 1 For example, if the Spread Account Percentage on one Distribution Date were 2.25%, then the Spread Account Percentage for the next Distribution Date could not be less than 1.75%, even if the Quarterly Excess Spread Percentage on such next Distribution Date were greater than or equal to 6.0%.
Generally, as the Quarterly Excess Spread Percentage declines below the Trigger Percentage, the amount required to be on deposit in the Class C Reserve Sub-Account for the Class C(2007-1) Notes increases.
The Quarterly Excess Spread Percentage for the related Monthly Period.........................................
Series 2005-1 Quarterly Excess Spread Percentage 23.18%Is the Quarterly Excess Spread Percentage greater than the Spread Percentage?RequiredExcessYES7.
More Definitions of Quarterly Excess Spread Percentage
Quarterly Excess Spread Percentage means (a) with respect to the June 2010 Payment Date, the Excess Spread Percentage for the Monthly Period relating to such Payment Date, (b) with respect to the July 2010 Payment Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the Monthly Period relating to the June 2010 Payment Date and (ii) the Excess Spread Percentage for the Monthly Period relating to the July 2010 Payment Date and the denominator of which is two, and (c) with respect to the August Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to the Monthly Periods relating to such Payment Date and the immediately preceding two Payment Dates and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the May 2012 Payment Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the Monthly Period relating to the April 2012 Payment Date and (ii) the Excess Spread Percentage for the Monthly Period relating to the May 2012 Payment Date and the denominator of which is two, and (b) with respect to the June 2012 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to the Monthly Periods relating to such Payment Date and the immediately preceding two Payment Dates and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the November 2009 Distribution Date, the Excess Spread Percentage for such Distribution Date, (b) with respect to the December 2009 Distribution Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the November 2009 Distribution Date and (ii) the Excess Spread Percentage with respect to the December 2009 Distribution Date and the denominator of which is two, (c) with respect to the January 2010 Distribution Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the November 2009 Distribution Date (ii) the Excess Spread Percentage with respect to the December 2009 Distribution Date and (iii) the Excess Spread Percentage with respect to the January 2010 Distribution Date and the denominator of which is three and (d) with respect to the February 2010 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to such Distribution Date and the immediately preceding two Distribution Dates and the denominator of which is three.
Quarterly Excess Spread Percentage means, (i) with respect to the February 2004 Distribution Date, the Excess Spread Percentage with respect to the immediately preceding Monthly Period, (ii) with respect to the March 2004 Distribution Date, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding two Monthly Periods and the denominator of which is two, and (iii) with respect to the April 2004 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the [Month] 20[·] Payment Date, the Excess Spread Percentage with respect to the immediately preceding Monthly Period, (b) with respect to the [Month] 20[·] Payment Date, the percentage equivalent of a fraction, the numerator of which is the sum of the Excess Spread Percentages for the immediately preceding two (2) Monthly Periods and the denominator of which is two (2) and (c) with respect to the [Month] 20[·] Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction, the numerator of which is the sum of the Excess Spread Percentages for the immediately preceding three (3) Monthly Periods and the denominator of which is three (3).
Quarterly Excess Spread Percentage means (a) with respect to the November 2016 Distribution Date, the percentage equivalent of a fraction the numerator of which is the sum of (i) the Excess Spread Percentage for the October 2016 Distribution Date and (ii) the Excess Spread Percentage with respect to the November 2016 Distribution Date and the denominator of which is two and (b) with respect to the December 2016 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages determined with respect to such Distribution Date and the immediately preceding two Distribution Dates and the denominator of which is three.
Quarterly Excess Spread Percentage means (a) with respect to the December 2007 Payment Date, the Excess Spread Percentage with respect to the immediately preceding Monthly Period, (b) with respect to the January 2008 Payment Date, the percentage equivalent of a fraction, the numerator of which is the sum of the Excess Spread Percentages for the immediately preceding two Monthly Periods and the denominator of which is two and (c) with respect to the February 2008 Payment Date and each Payment Date thereafter, the percentage equivalent of a fraction, the numerator of which is the sum of the Excess Spread Percentages for the immediately preceding three Monthly Periods and the denominator of which is three.