Required Pool Balance definition

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

• Any remaining amounts on deposit in the Excess Funding Account in excess of the amount required to be treated as Principal Collections for a Monthly Period shall be released to the holders of the Transferor Interest in accordance with the related Indenture Supplement to the extent that, after such release, (i) the Transferor Amount is equal to or greater than the Required Transferor Amount and (ii) the Pool Balance is equal to or greater than the Required Pool Balance.

• Principal Collections that would otherwise be paid to the holders of the Transferor Interest or that the applicable Indenture Supplement specifies are to be credited to the Excess Funding Account, shall be credited to the Excess Funding Account, if, after giving effect to reinvestment in new Trust Assets on that day, the Transferor Amount is not greater than or equal to the Required Transferor Amount or the Pool Balance is not greater than or equal to the Required Pool Balance.

• 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).

• Any remaining amounts on deposit in the Excess Funding Account in excess of the amount required to be treated as Principal Collections for any date of determination shall be released to the holders of the Transferor Interest in accordance with the related Indenture Supplement to the extent that, after giving effect to such release, (i) the Transferor Amount is equal to or greater than the Required Transferor Amount and (ii) the Pool Balance is equal to or greater than the Required Pool Balance.

• End of Monthly Period Required Pool Balance $ 5,174,989,000.00 16.

More Definitions of Required Pool Balance

Required Pool Balance has the meaning specified in the Transfer and Servicing Agreement.

Required Pool Balance has the meaning specified in the Indenture.

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, 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.

Required Pool Balance 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 Indenture Supplement as being an Excluded Series until the Collateral Amount of the Series relating to such Excluded Series is reduced to $0) obtained by multiplying the Required Pool Percentage for such Series by the Initial Collateral Amount for such Series plus (b) the Required Subordinated Amount (as defined in the related Indenture Supplement) for each Series on the immediately preceding Payment Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on such Payment Date).

Required Pool Balance means, for any Date of Processing, the sum of (a) for all Notes in their Revolving Period, the sum of the Allocation Amounts of such Notes as of the close of business on such Date of Processing and (b) for all Notes in their Amortization Period, the sum of the Allocation 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 (i) any Notes that will be paid in full on or prior to the Payment Date immediately following such Date of Processing and (ii) any Notes that will have an Allocation Amount of zero on the Payment Date immediately following such Date of Processing (after giving effect to payments made on such Payment Date)).