Required Excess Collateral Amount definition

Required Excess Collateral Amount means, at any time, 16.75% of the Collateral Amount; provided, that:

Required Excess Collateral Amount means, at any time, 15.50% of the Collateral Amount; provided, that:

Required Excess Collateral Amount means, at any time, the product of (i) [—].00% times (ii) the quotient of (x) the Note Principal Balance divided by (y) [—].00%; provided that:

Examples of Required Excess Collateral Amount in a sentence

• Beginning of Interest Period Change to Excess Collateral Amount in connection with the Supplemental Indenture Increase in Excess Collateral Amount due to New Issuance / Additional draws Reductions in Required Excess Collateral Amount Increase in Unreimbursed Investor Charge-Off Decrease in Unreimbursed Investor Charge-Off 728,012,332.00 0.00 0.00 0.00 0.00 0.00 vii.

• Beginning of Interest Period Change to Excess Collateral Amount in connection with the Supplemental Indenture Increase in Excess Collateral Amount due to New Issuance / Additional draws Reductions in Required Excess Collateral Amount Increase in Unreimbursed Investor Charge-Off Decrease in Unreimbursed Investor Charge-Off 1,001,372,383.92 0.00 0.00 0.00 0.00 0.00 vii.

• Beginning of Interest Period Change to Excess Collateral Amount in connection with the Supplemental Indenture Increase in Excess Collateral Amount due to New Issuance / Additional draws Reductions in Required Excess Collateral Amount Increase in Unreimbursed Investor Charge-Off Decrease in Unreimbursed Investor Charge-Off 729,119,107.57 0.00 0.00 0.00 0.00 0.00 vii.

• Beginning of Interest Period Change to Excess Collateral Amount in connection with the Supplemental Indenture Increase in Excess Collateral Amount due to New Issuance / Additional draws Reductions in Required Excess Collateral Amount Increase in Unreimbursed Investor Charge-Off Decrease in Unreimbursed Investor Charge-Off 683,510,026.74 0.00 0.00 0.00 0.00 0.00 vii.

• Beginning of Interest Period Change to Excess Collateral Amount in connection with the Supplemental Indenture Increase in Excess Collateral Amount due to New Issuance / Additional draws Reductions in Required Excess Collateral Amount Increase in Unreimbursed Investor Charge-Off Decrease in Unreimbursed Investor Charge-Off 718,206,865.00 0.00 0.00 0.00 0.00 0.00 vii.

More Definitions of Required Excess Collateral Amount

Required Excess Collateral Amount is defined in the Insurance Agreement. ---------------------------------

Required Excess Collateral Amount means, at any time, 5.00% of the Collateral Amount; provided that:

Required Excess Collateral Amount means on any Distribution Date 12.5% of the Collateral Amount (excluding any Supplemental Enhancement); provided that, (A) except as provided in (C) below, the Required Excess Collateral Amount will never be less than 3% of the Initial Collateral Amount (excluding any Supplemental Enhancement); (B) except as provided in (C) below, the Required Excess Collateral Amount will not decrease during a Rapid Amortization Period, and (C) the Required Excess Collateral Amount will never be greater than the Note Principal Balance minus the Principal Accumulation Account Balance; and provided further that, upon delivery by the Insurer of a Spread Account Partial Collateral Substitution Notice to the other parties to the Insurance Agreement, the percentage "12.5%" in the preceding clause (i) shall be deemed to be changed to "14.0%" with effect from the date of such delivery.

Required Excess Collateral Amount means, at any time, 10.46% of the Collateral Amount; provided that:

Required Excess Collateral Amount means, at any time, 16.75% of the Collateral Amount; provided , that:

Required Excess Collateral Amount means, as of any date of determination, --------------------------------- an amount that if equal to the Excess Collateral Amount on such date of determination would cause the Excess Collateral Amount Allocation Percentage to be equal to the Required Excess Collateral Amount Percentage on such date of determination.

Required Excess Collateral Amount means, at any time, the product of (i) [ ]% times (ii) the quotient of (x) the Note Principal Balance divided by (y) [ ]%; provided that: