Required Pool Balance has the meaning specified in the Transfer Agreement.
Required Pool Balance means for any Group as of any date of determination (and calculated as of the related Measurement Date) an amount equal to the excess (if any) of (i) the sum of the Adjusted Series Invested Amount for all related Group Series over (ii) the sum, for each related Group Series, of the following amount for each such Group Series: the lesser of (a) all amounts in any Principal Funding Account for such Group Series and (b) the Principal Funding Account Limit for such Group Series, as applicable.
Required Pool Balance means, for any Monthly Period, the sum of (i) for all Notes in their Revolving Period, the sum of the Nominal Liquidation Amounts of such Notes as of the close of business on the last day of such Monthly Period and (ii) for all Notes in their Amortization Period or Accumulation Period, the sum of the Nominal Liquidation Amounts of such Notes as of the close of business on the last day of the most recent Revolving Period for each of such Notes (exclusive of (a) any Notes that will be paid in full on the applicable Payment Date in the following Monthly Period and (b) any Notes that will have a Nominal Liquidation Amount of zero on the applicable Payment Date in the following Monthly Period).
Examples of Required Pool Balance in a sentence
End of Monthly Period Required Pool Balance $ 5,174,989,000.00 16.
Beginning of Monthly Period Required Pool Balance $ 5,174,989,000.00 6b.
The Net Adjusted Pool Balance equals or exceeds the Required Pool Balance after giving effect to the additional issuance (taking into account any deposit of the proceeds of the additional Series 20 - Notes in the Excess Funding Account).
The Net Adjusted Pool Balance equals or exceeds the Required Pool Balance after giving effect to the additional issuance (taking into account any deposit of the proceeds of the additional Series 2018-4 Notes in the Excess Funding Account).
In the event that the Plan is terminated in whole or in part or if contributions by the Employer are discontinued completely, the benefits then accrued for all affected Participants shall be fully vested and nonforfeitable.
More Definitions of Required Pool Balance
Required Pool Balance has the meaning specified in the Indenture.
Required Pool Balance. $552,000,000, which is the required aggregate Principal Balance of the Receivables as of the Cut-off Date, plus or minus 5% of such amount, pursuant to Section 2.08(b)(vi).
Required Pool Balance means, for a day, an amount equal to the sum of all amounts, each of which is the product of (i) the Invested Amount of a Series for the day; and (ii) the maximum Required Pool Percentage for any Series at such time.
Required Pool Balance means, for a day, an amount equal to the sum of all amounts, each of which is the product of (i) the Invested Amount of a Series for the day; and (ii) the maximum Required Pool Percentage for any Series at such time;
Required Pool Balance has the meaning specified in the Transfer Agreement. “Required Transferor Amount” has the meaning specified in the Transfer Agreement.
Required Pool Balance means, on any day, 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 Series Supplement as being an Excluded Series until the Invested Amount of the Series relating to the Excluded Series is reduced to zero) obtained by multiplying the Required Participation Percentage for such Series by the Invested Amount for such Series at such time plus (b) the Trust Available Subordinated Amount on such day.
Required Pool Balance means, as of any date of determination, the sum of (a) the sum of the respective products for each Series of the Required Pool Percentage for such Series, times the Initial Invested Amount of such Series plus (b) the sum of the respective Required Subordinated Amounts for each Series on the immediately preceding Determination Date (after giving effect to any changes therein on the related Distribution Date) or, in the case of a Variable Funding Note Series, on the later to occur of the immediately preceding Determination Date (after giving effect to any changes therein on the related Distribution Date) or the immediately preceding Increase Date.