Required Collateral Invested Amount definition

Required Collateral Invested Amount means (i) initially $70,000,000 and (ii) on any Distribution Date thereafter, 7% of the sum of the Class A Adjusted Invested Amount on such Distribution Date, the Class B Adjusted Invested Amount on such Distribution Date (in each case after taking into account payments to be made on such Distribution Date) and the Collateral Invested Amount on the prior Distribution Date after any adjustments made on such Distribution Date, but not less than $30,000,000; provided, however, that (1) if either (a) there is a reduction in the Collateral Invested Amount pursuant to clauses (c), (d) or (e) of the definition thereof during the Controlled Accumulation Period or (b) a Pay Out Event with respect to the Series 1996-3 Certificates has occurred, the Required Collateral Invested Amount for any Distribution Date thereafter shall equal the Required Collateral Invested Amount for the Distribution Date immediately preceding such reduction or Pay Out Event, (2) in no event shall the Required Collateral Invested Amount exceed the unpaid principal amount of the Series 1996-3 Certificates as of the last day of the Monthly Period preceding such Distribution Date after taking into account payments to be made on the related Distribution Date and (3) the Required Collateral Invested Amount may be reduced to a lesser amount at any time if the Rating Agency Condition is satisfied.

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Required Collateral Invested Amount means the excess, if any, of (a) the Required Enhancement Amount over (b) the Required Cash Collateral Amount.

Required Collateral Invested Amount means (i) initially $70,000,000 and (ii) on any Distribution Date thereafter, 7% of the sum of the Class A Adjusted Invested Amount on such Distribution Date, the Class B Adjusted Invested Amount on such Distribution Date (in each case after taking into account payments to be made on such Distribution Date) and the Collateral Invested Amount on the prior Distribution Date after any adjustments made on such Distribution Date, but not less than $30,000,000; provided, however, that (1) if either (a) there is a reduction in the Collateral Invested Amount pursuant to clauses (c), (d) or (e) of the definition thereof during the Controlled Accumulation Period or (b) a Pay Out Event with respect to the Series 1997-1 Certificates has occurred, the Required Collateral Invested Amount for any Distribution Date thereafter shall equal the Required Collateral Invested Amount for the Distribution Date immediately preceding such reduction or Pay Out Event, (2) in no event shall the Required Collateral Invested Amount exceed the unpaid principal amount of

Examples of Required Collateral Invested Amount in a sentence

Excess of Collateral Invested Amount over Required Collateral Invested Amount $ 4.
Excess of Collateral Invested Amount over Required Collateral Invested Amount $____________ ------------------------------------------------------------ ---------------------- ---------------------- -------------------- 4.
Required Collateral Invested Amount $____________ ------------------------------------------------------------ ---------------------- ---------------------- -------------------- 3.
Excess of Collateral Invested Amount over Required Collateral Invested Amount $____________ ------------------------------------------------------------ ---------------------- ---------------------- -------------------- 3.
Excess of Collateral Invested Amount over Required Collateral Invested Amount $____ 3.
Excess of Collateral Invested Amount over Required Collateral Invested Amount $____________ ------------------------------------------------------------------------------------------------------------------------------- 4.
The excess, if any, of the Required Collateral Invested Amount over the Collateral Invested Amount .
Excess of Collateral Invested Amount over Required Collateral Invested Amount $____________ ------------------------------------------------------------------------------------------------------------------------------- 3.
With respect to such Certificate -------------------------------------- Principal Balance Increase, the Collateral Interest shall be increased to an amount equal to or exceeding the Required Collateral Invested Amount after giving effect to such Certificate Principal Balance Increase.
Required Collateral Invested Amount $____________ ------------------------------------------------------------------------------------------------------------------------------- 3.

More Definitions of Required Collateral Invested Amount

Required Collateral Invested Amount means (a) initially, ----------------------------------- $52,250,000 and (b) on any Transfer Date thereafter, 9.5% of the sum of the Invested Amount on such Transfer Date, in each case after taking into account payments to be made on the related Distribution Date; provided that (x) if -------- either (i) there is a reduction in the Collateral Invested Amount pursuant to clause (d), (e) or (f) of the definition of such term or (ii) a Pay Out Event with respect to the Investor Certificates has occurred, the Required Collateral Invested Amount for any Transfer Date shall (subject to clauses (y) and (z)) equal the Required Collateral Invested Amount for the Transfer Date immediately preceding such reduction or Pay Out Event, (y) in no event shall the Required Collateral Invested Amount exceed the sum of (i) the Class A Outstanding Principal Balance and (ii) the Class B Outstanding Principal Balance, each as of the last day of the Monthly Period preceding such Transfer Date after taking into account the payments to be made on the related Distribution Date and (z) the Required Collateral Invested Amount may be reduced at the Transferor's option at any time to a lesser amount if the Certificate Agents have given their prior written consent to such reduction; provided, however, that the Required -------- ------- Collateral Invested Amount shall not be less than the Minimum Collateral Invested Amount.

Required Collateral Invested Amount means, with respect to any ----------------------------------- Distribution Date, $67,858,000; provided, however, that the Required Collateral -------- ------- Invested Amount may be reduced at any time to a lesser amount if the Rating Agency Condition is satisfied.

Required Collateral Invested Amount means, with respect to any Transfer Date, an amount equal to ___% of the sum of the Class A Adjusted Invested Amount and the Class B Invested amount as of such Transfer Date (after giving effect to deposits into the Principal Funding Account on such Transfer Date and payments to be made on the related Distribution Date); provided, that from and after the occurrence of an Early Amortization Event, the Required Collateral Invested Amount shall equal the Required Collateral Invested Amount on the Transfer Date immediately preceding the occurrence of such Early Amortization Event.

Required Collateral Invested Amount means, (a) with respect to the initial Transfer Date, $18,900,000 and (b) with respect to any Transfer Date thereafter, an amount equal to the sum of (i) 4.5% of the sum of (x) the Class A Adjusted Invested Amount and the Class B Invested Amount as of such Transfer Date (after giving effect to deposits into the Principal Funding Account on such Transfer Date and payments to be made on the related Distribution Date), and (y) the Collateral Invested Amount on the prior Transfer Date after any adjustments made thereto on such Transfer Date and (ii) during the Accumulation Period, the excess, if any, of the Required Overconcentration Account Amount over the amount on deposit in the Overconcentration Account on such Transfer Date (after giving effect to any deposit to be made to, and any withdrawal to be made from, the Overconcentration Account on such Transfer Date); PROVIDED, that from and after the occurrence of an Early Amortization Event, the Required Collateral Invested Amount shall equal the Required Collateral Invested Amount on the Transfer Date immediately preceding the occurrence of such Early Amortization Event.