Required Participation Amount definition

Required Participation Amount means the sum of (i) the sum, for each outstanding Series, of (x) the Required Participation Percentage for such Series multiplied by (y) the respective Invested Amount for such Series and (ii) the sum of the Required Overcollateralization Amounts of all outstanding Series.

Required Participation Amount means the sum of (i) the sum of the required participation percentages (including the Required Participation Percentage) for each outstanding Series multiplied by the respective Invested Amount (including the Series 2013-A Invested Amount) for each such outstanding Series and (ii) the sum of the Required Overcollateralization Amounts (including the Required Series 2013-A Overcollateralization Amount) for all outstanding Series.

Required Participation Amount means, at any time of determination, an amount equal to (a) the sum of the amounts for each Series of Notes obtained by multiplying the Required Participation Percentage for such Series by the Nominal Liquidation Amount of such Series of Notes at such time plus (b) the sum of the Overcollateralization Amounts for all outstanding Series of Notes on the immediately preceding Determination Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on the Payment Date following such Determination Date).

Examples of Required Participation Amount in a sentence

• In addition, any increase in the Invested Amount is subject to the condition that after giving effect to such increase the Unconcentrated Pool Balance equals or exceeds the Required Participation Amount.

• Such Seller shall not create Participation Interests in its receivables to the extent that the creation of such Participation Interests would, at the time of such creation, cause the Pool Balance to be less than the Required Participation Amount.

• In addition, any increase in the Invested Amount is subject to the condition that after giving effect to such increase (i) the Pool Balance equals or exceeds (ii) the sum of (A) the Required Participation Amount and (B) the sum of any subordinated amounts supporting any Enhancement for all other Series.

• In addition, any increase in the Aggregate Series Nominal Liquidation Amount is subject to the condition that, after giving effect to such increase, the Pool Balance equals or exceeds the Required Participation Amount (after giving effect to the allocations, distributions, withdrawals and deposits).

• The Transferor will transfer to the Issuer on each Transfer Date any and all Ineligible Receivables arising in connection with any Eligible Account and on the applicable Transfer Date, the Overcollateralization Amount (or any Incremental Overcollateralization Amount as specified in the related Indenture Supplement) and the Required Participation Amount shall be adjusted in accordance with the related Indenture Supplement.

• The Seller shall not create Participation Interests in its receivables to the extent that the creation of such Participation Interests would, at the time of such creation, cause the Pool Balance to be less than the Required Participation Amount.

• The parties hereto agree that, solely for purposes of the Series 1997-1 Supplement, notwithstanding any provision in the Agreement to the contrary, any reference to the Net Pool Balance being compared to the Required Participation Amount shall be deemed to mean that the Minimum Enhancement Amount is greater than the sum of (i) Contractual Dilution and (ii) Aggregate Reserves.

• On each Business Day on which funds are on deposit in the Excess Funding Account, the Servicer will determine the amount, if any, by which the Adjusted Pool Balance exceeds the Required Participation Amount on such date and may instruct the Indenture Trustee in writing to withdraw any such excess from the Excess Funding Account and pay such amount to the Owner Trustee for distribution to the holders of the Transferor Interest in accordance with the Trust Agreement.

• Any indemnification pursuant to this Article VII shall only be from (i) the excess of the Seller's Interest for any date of determination over the Required Participation Amount as of such date and (ii) any other assets of the Seller not pledged to third parties or otherwise encumbered in a manner permitted by the Seller's Certificate of Incorporation and shall only be made after payment in full of any amounts that the Seller is obligated to deposit in the Collection Account pursuant to this Agreement.

• On each Business Day on which funds are on deposit in the Excess Funding Account, the Servicer will determine the amount, if any, by which the Adjusted Pool Balance exceeds the Required Participation Amount on such date and may instruct the Indenture Trustee in writing to withdraw any such excess from the Excess Funding Account and pay such amount to the Issuer for distribution to the holders of the Transferor Interest in accordance with the Trust Agreement.

More Definitions of Required Participation Amount

Required Participation Amount means, at any time of determination, an amount equal to the sum of the amounts for each Series obtained by multiplying the Required Participation Percentage for such Series by the Initial Invested Amount for such Series at such time.

Required Participation Amount means, at any time of determination, an amount equal to (a) the sum of the amounts for each Series (other than any Series or portion thereof which is designated in the relevant Supplement as being an Excluded Series until the Invested Amount of the Series relating to such Excluded Series is reduced to $0) obtained by multiplying the Required Participation Percentage for such Series by the Initial Invested Amount for such Series at such time plus (b) the Trust Available Subordinated Amount on the immediately preceding Determination Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on the Distribution Date following such Determination Date).

Required Participation Amount means, as of any date of determination, the sum of:

Required Participation Amount means, as of any date of determination, the sum of: (a) the sum of, for each outstanding Series, the product of (i) the required participation percentage for such Series as specified in the related Indenture Supplement and (ii) its initial Invested Amount (which, in the case of any Series of Notes issued as variable funding notes, may be the maximum Invested Amount or current Outstanding Principal Amount of the Notes of such Series as specified in the related Indenture Supplement for such Series and, in the case of a Series the Indenture Supplement for which permits the issuance of additional Notes after the Series Issuance Date, will include the Invested Amount for such subsequently issued Notes); plus (b) the sum of, for each outstanding Series, the Required Overcollateralization Amount for such Series as of such date of determination as specified in the related Indenture Supplement.

Required Participation Amount means, at any time of determination, an amount equal to (a) the aggregate for each Series of the product of (i) the sum of 100% plus the percentage equivalent of a fraction the numerator of which is the sum of (A) the Base Subordinated Percentage, (B) the Required Participation Percentage and (C) the Excess Subordinated Percentage, if any, and the denominator of which is 100% minus the sum of (X) the Base Subordinated Percentage, (Y) the Required Participation Percentage and (Z) the Excess Subordinated Percentage, if any, and (ii) the Initial Principal Amount plus (b) the sum of the Overconcentration Amount and the Ineligible Amount as of the end of the immediately preceding Collection Period minus (c) the aggregate for each Series of the excess, if any, of the Initial Principal Amount over the Invested Amount (in the case of clauses (b) and (c), after giving effect to the allocations, distributions, withdrawals and deposits to be made on the Distribution Date following such Determination Date).

Required Participation Amount means, at the time of reference thereto, the sum of (a) the sum of, for each outstanding Series (including Series 20__-_), the product of (i) the required participation percentage (including the Required Participation Percentage) for such outstanding Series multiplied by (ii) the respective Invested Amount (including the Series 20__-_ Invested Amount) at such time for such outstanding Series and (b) the sum of the Required Overcollateralization Amounts (including the Required Series 20__-_ Overcollateralization Amount) at such time for all outstanding Series.