Required Negative Carry Account Balance definition

Required Negative Carry Account Balance means, if applicable, as of any Payment Date, an amount equal to the lesser of (a) the amount then on deposit in the Negative Carry Account, if any, and (b) the Maximum Negative Carry Amount as of such date.

Required Negative Carry Account Balance means, as of any Payment Date, an amount equal to the lesser of: (a) the Negative Carry Account Initial Deposit minus all previous withdrawals from the Negative Carry Account and (b) the Maximum Negative Carry Amount as of such Payment Date.

Required Negative Carry Account Balance means (a) for any date during the Revolving Period when funds are on deposit or to be deposited into the Series 2019-1 Principal Funding Account, the greater of (i) the product of (A) the amount on deposit in the Series 2019-1 Principal Funding Account (after giving effect to any deposits or withdrawals to be made on such date), (B) the Mismatch Rate, and (C) 1/12 times the number of full months until the Expected Principal Distribution Date and (ii) 0.75% of the amount on deposit in the Series 2019-1 Principal Funding Account (after giving effect to any deposits or withdrawals to be made on such date) and (b) at all other times, zero.

Examples of Required Negative Carry Account Balance in a sentence

• If the amount on deposit in the Negative Carry Account on any Payment Date (after giving effect to the withdrawal therefrom of the Negative Carry Amount for such Payment Date) is greater than the Required Negative Carry Account Balance, the excess will be released to the Seller.

• If the amount on deposit in the Negative Carry Account on any Payment Date (after giving effect to the withdrawal therefrom of the Negative Carry Amount, if any, for such Payment Date) is greater than the Required Negative Carry Account Balance for such Payment Date, the excess shall be released to the Seller on such Payment Date.

• Reconciliation of Negative Carry Account Beginning Negative Carry Account Balance $0.00 Pre-Funded Percentage 0.000% Negative Carry Amount $0.00 Cumulative Negative Carry Amount $433,178.05 Maximum Negative Carry Amount $0.00 Required Negative Carry Account Balance $0.00 Interim Ending Negative Carry Account Balance $0.00 Negative Carry Amount Released to Seller $0.00 Ending Negative Carry Account Balance $0.00 6.

• RECONCILIATION OF NEGATIVE CARRY ACCOUNT Beginning Negative Carry Account Balance $0.00 Negative Carry 3.209816% Number of Days Remaining 0 days Pre-Funded Percentage 0.000% Negative Carry Withdrawls $0.00 Cumulative Negative Carry Withdrawls $4,595,626.41 Maximum Negative Carry Amount $0.00 Required Negative Carry Account Balance $0.00 Interim Ending Negative Carry Account Balance $0.00 Negative Carry Amount Released to Seller $0.00 Ending Negative Carry Account Balance $0.00 6.

• Beginning Balance 5/15/97 $92,216.81 Plus Investment Earnings $923.27 Less Negative Carry Amount for Monthly Period (as of 5/31/97) $ 0.00 Subtotal $93,140.08 Required Negative Carry Account Balance $0.00 Excess Released to Certificateholders $93,140.08 Ending Balance 6/16/97 $0.00 Navistar Financial Corporation by: /s/ R.

More Definitions of Required Negative Carry Account Balance

Required Negative Carry Account Balance. As of any Determination Date, an --------------------------------------- amount equal to the lesser of (a) the Negative Carry Account Initial Deposit minus all previous withdrawals from the Negative Carry Account (other than Investment Earnings, if any, withdrawn to pay the Certificateholders pursuant to Section 5.05 of the Pooling and Servicing Agreement) and (b) the Maximum Negative Carry Amount as of such date.

Required Negative Carry Account Balance means for any Transfer Date (a) during the Revolving Period after funds are deposited into the Series 2010-1 Principal Funding Account, the greater of (i) the present value discounted at 0.25% per annum of the Mismatch Amount for each Due Period during the Mismatch Period and (ii) 0.75% of the amount on deposit in the Series 2010-1 Principal Funding Account and (b) at all other times, zero.

Required Negative Carry Account Balance means, as of any payment date, the lesser of (1) the amount then on deposit in the negative carry account and (2) the maximum negative carry amount for the remainder of the funding period, assuming no further withdrawals from the pre-funding account and investment earnings on amounts on deposit therein at a rate of 1.00%. The “maximum required negative carry amount” for the closing date and for any payment date will equal the product of (1) the excess of (a) the weighted average interest rates on the notes on that date over (b) 1.00%, (2) the amount on deposit in the pre-funding account on that date, (3)

Required Negative Carry Account Balance. As of any date of determination, an amount equal to the product of (A) the difference between the Discount Rate minus an assumed yield on eligible investments in the Prefunding Account of three quarters of one percent (0.75%) per annum times (B) the amount then on deposit in the Prefunding Account times (C) the maximum number of days remaining in the Funding Period divided by 360.

Required Negative Carry Account Balance. As of the date that is two Business Days before any Determination Date, an amount equal to the lesser of (a) the Negative Carry Account Initial Deposit minus all previous withdrawals from the Negative Carry Account (other than Investment Earnings, if any, withdrawn to pay the Certificateholders pursuant to Section 2.02 of the Servicing Agreement) and (b) the Maximum Negative Carry Amount as of such date.

Required Negative Carry Account Balance means, as of any payment date, the lesser of (1) the amount then on deposit in the negative carry account and (2) the maximum negative carry amount for the remainder of the funding period, assuming no further withdrawals from the pre-funding account and investment earnings on amounts on deposit therein at a rate of 0.75%. The “maximum required negative carry amount” for the closing date and for any payment date will equal an amount specified in the prospectus supplement.

Required Negative Carry Account Balance means, as of the beginning of each Collection Period, an amount equal to the lesser of: (a) the Negative Carry Account Initial Deposit MINUS all previous withdrawals from the Negative Carry Account and (b) the Maximum Negative Carry Amount as of such day.