Required Minimum Principal Balance means, unless otherwise provided in an Indenture Supplement relating to a Series having a Paired Series, with respect to any date and any Pool (a) the sum of the Series Adjusted Invested Amounts for each Series outstanding on such date in such Pool plus the Required Transferor Amount on such date, minus (b) the Special Funding Amount.
Required Minimum Principal Balance with respect to any date, shall mean an amount equal to the greater of
Required Minimum Principal Balance means, with respect to any date, an amount equal to the sum of the adjusted invested amounts (or, if there is no adjusted invested amount with respect to any particular Series, then the invested amount for such Series) for all outstanding Series on such date; plus the sum of the Series Required Seller Amounts for each Series.
Examples of Required Minimum Principal Balance in a sentence
As of the Closing Date and each Incremental Funding Date, the Transferor Interest is not less than the Minimum Transferor Interest and the aggregate amount of Principal Receivables is not less than the Required Minimum Principal Balance.
The purpose of the Required Minimum Principal Balance is to ensure that Citibank’s interest in the Trust is large enough to absorb dilution causedby obligors returning merchandiseoriginally charged under their Account (‘‘Returns’’) and possible seasonalfluctuations in the Receivables.
For instance, guidelines have been issued to prosecutors clarifying that prosecuting foreign bribery cases is generally in the public interest, and decisions about prosecuting such cases must not be influenced by political factors.
More Definitions of Required Minimum Principal Balance
Required Minimum Principal Balance means, unless otherwise provided in an Indenture Supplement relating to any Series, as of any date of determination, an amount equal to the sum of the numerators used in the calculation of the Investor Percentages with respect to Principal Receivables for all outstanding Series on such date; provided that with respect to any Series in its Early Accumulation Period or such other period as designated in the related Indenture Supplement with an Invested Amount as of such date of determination equal to the Principal Funding Account Balance relating to such Series taking into account the Principal Funding Account Balance relating to such Series on deposit in the Principal Funding Account on such date of determination, the numerator used in the calculation of the Investor Percentage with respect to Principal Receivables relating to such Series shall, solely for the purpose of the definition of Required Minimum Principal Balance, be deemed to equal zero.
Required Minimum Principal Balance means, unless otherwise provided in an Indenture Supplement relating to any Series, as of any date of determination, an amount equal to the sum of the numerators used in the calculation of the Investor Percentages with respect to Principal Receivables for all outstanding Series on such date; provided that with respect to any Series in its Early Accumulation Period or such other period as designated in the related Indenture Supplement with an Invested Amount as of such date of determination equal to the Principal Funding Account Balance relating to such Series taking into account any deposit to be made to the Principal Funding Account on the Distribution Date following such date of determination, the numerator used in the calculation of the Investor Percentage with respect to Principal Receivables relating to such Series shall, solely for the purpose of the definition of Required Minimum Principal Balance, be deemed to equal zero.
Required Minimum Principal Balance means with respect to any date, for the purpose of this Series, notwithstanding anything to the contrary in the Transaction Documents, (a) the sum of the numerators used to determine the Series Allocation Percentages with respect to Principal Receivables for each Series outstanding on such date minus (b) the Special Funding Amount on such date minus (c) the Collections in respect of Principal Receivables on deposit in the Collection Account on such date.
Required Minimum Principal Balance means, with respect to any date, (a) the sum of the numerators used to determine the Series Allocation Percentages with respect to Principal Receivables for each Series outstanding on such date, PLUS the Required Transferor Amount on such date, MINUS (b) the Special Funding Amount on such date, MINUS (c) the Collections in respect of Principal Receivables on deposit in the Collection Account on such date.
Required Minimum Principal Balance means, as of any particular date of determination, for all Series (unless otherwise specified in the related Indenture Supplement for any Series which is a Paired Series) (i) the sum of the "Invested Amounts" for all Series on such date, plus (ii) the Required Transferor Interest on such date, minus (iii) the amount on deposit in the Excess Funding Account.
Required Minimum Principal Balance means, with respect to any date, (a) the sum of the numerators used in the Principal Allocation Percentage for each Series outstanding on such date minus (b) the Special Funding Amount minus (c) the amount on deposit in the Principal Funding Account for each Series outstanding on such date minus (d) the amount on deposit in the Pre- Funding Account for each Series outstanding on such date. "Required Transferor Amount" shall mean, with respect to any date, the sum of the Series Required Transferor Amounts for all Series outstanding on such date.
Required Minimum Principal Balance means, unless otherwise provided in an Indenture Supplement relating to a Series having a Paired Series, with