Series Available Principal Amounts Shortfall definition

Series Available Principal Amounts Shortfall means, with respect to any Business Day and the Series 2010-1 Notes, an amount equal to, the amount, if any, by which (i) the sum of all payments of interest and other applications of Series 2010-1 Available Principal Amounts (other than as Excess Available Principal Amounts) required to be made under Section 3.02 on such Business Day exceeds (ii) the related Series 2010-1 Available Principal Amounts (excluding amounts to be treated as part of Series 2010-1 Available Principal Amounts pursuant to clauses (iii) and (iv) of the definition thereof) on such Business Day.
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Series Available Principal Amounts Shortfall means, with respect to any Transfer Date with respect to the WFCardSeries, the excess, if any, of (a) the aggregate amount targeted to be paid or applied pursuant to subsections 4.07(a) through (g) for any Transfer Date over (b) the WFCardSeries Available Principal Amounts (excluding any amounts to be treated as WFCardSeries Available Principal Amounts pursuant to subsection 4.30(a)) for such Transfer Date; provided, however, that the Issuer, when authorized by an Officer’s Certificate, may amend or otherwise modify this definition of Series Available Principal Amount Shortfall, provided that the Rating Agency Condition is satisfied with respect to such amendment or modification.
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Series Available Principal Amounts Shortfall shall have the meaning specified in the Indenture.
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Examples of Series Available Principal Amounts Shortfall in a sentence

  • On each Transfer Date, commencing after the Issuance Date, if Series 2010-1 Available Principal Amounts are insufficient to make the allocations provided in Sections 3.02(a)(i) through (iv) and (vi) above, the Indenture Trustee shall allocate Excess Available Principal Amounts, if any, allocated to Series 2010-1 pursuant to Section 5.02 of the Indenture to cover the Series Available Principal Amounts Shortfall.

  • If, after the application of Excess Available Principal Amounts, any Series Available Principal Amounts Shortfall remains, the Indenture Trustee shall allocate Shared Principal Collections, if any, allocated to Series 2010-1 pursuant to Section 5.02 of the Indenture to cover such remaining Series Available Principal Amounts Shortfall.

  • On each Business Day, commencing after the Issuance Date, if Series 2020-1 Available Principal Amounts are insufficient to make the allocations provided in Sections 3.02(a)(i) through (vi) above, the Indenture Trustee shall allocate Excess Available Principal Amounts, if any, allocated to Series 2020-1 pursuant to Section 5.02 of the Indenture to cover the Series Available Principal Amounts Shortfall.

  • On each Business Day, commencing after the Issuance Date, if Series 2018-1 Available Principal Amounts are insufficient to make the allocations provided in Sections 3.02(a)(i) through (vi) above, the Indenture Trustee shall allocate Excess Available Principal Amounts, if any, allocated to Series 2018-1 pursuant to Section 5.02 of the Indenture to cover the Series Available Principal Amounts Shortfall.

  • On each Business Day, commencing after the Issuance Date, if Series 2014-1 Available Principal Amounts are insufficient to make the allocations provided in Sections 3.02(a)(i) through (vi) above, the Indenture Trustee shall allocate Excess Available Principal Amounts, if any, allocated to Series 2014-1 pursuant to Section 5.02 of the Indenture to cover the Series Available Principal Amounts Shortfall.


More Definitions of Series Available Principal Amounts Shortfall

Series Available Principal Amounts Shortfall for any series of Notes, has the meaning assigned to it in the related Indenture Supplement.
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Series Available Principal Amounts Shortfall means, with respect to any Business Day and the Series 2015-1 Notes, an amount equal to, the amount, if any, by which (i) the sum of all payments and other applications of Series 2015-1 Available Principal Amounts (other than as Excess Available Principal Amounts) required to be made under Section 3.02 on such Business Day exceeds (ii) the related Series 2015-1 Available Principal Amounts (excluding amounts to be treated as part of Series 2015-1 Available Principal Amounts pursuant to clause (iv) of the definition thereof) on such Business Day.
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Series Available Principal Amounts Shortfall shall have the meaning specified in the 2011 Pooling and Servicing Agreement.
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Series Available Principal Amounts Shortfall means, with respect to any Business Day and the Series 2020-1 Notes, an amount equal to, the amount, if any, by which (i) the sum of all payments and other applications of Series 2020-1 Available Principal Amounts (other than as Excess Available Principal Amounts) required to be made under Section 3.02 on such Business Day exceeds (ii) the related Series 2020-1 Available Principal Amounts (excluding amounts to be treated as part of Series 2020-1 Noteholder Available Principal Amounts pursuant to clause (iv) of the definition thereof) on such Business Day.
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Series Available Principal Amounts Shortfall means, with respect to any Business Day and the Series 2017-1 Notes, an amount equal to, the amount, if any, by which (i) the sum of all payments and other applications of Series 2017-1 Available Principal Amounts (other than as Excess Available Principal Amounts) required to be made under Section 3.02 on such Business Day exceeds (ii) the related Series 2017-1 Available Principal Amounts (excluding amounts to be treated as part of Series 2017-1 Noteholder Available Principal Amounts pursuant to clause (iv) of the definition thereof) on such Business Day.
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Series Available Principal Amounts Shortfall means, with respect to any Business Day and the Series 2011-1 Notes, an amount equal to, the amount, if any, by which (i) the sum of all payments and other applications of Series 2011-1 Available Principal Amounts (other than as Excess Available Principal Amounts) required to be made under Section 3.02 on such Business Day exceeds (ii) the related Series 2011-1 Available Principal Amounts (excluding amounts to be treated as part of Series 2011-1 Available Principal Amounts pursuant to clauses (iv) and (v) of the definition thereof) on such Business Day.
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Series Available Principal Amounts Shortfall means, with respect to any Business Day and the Series 2012-VFN Notes, an amount equal to the amount, if any, by which (i) the sum of all payments and other applications of Series 2012-VFN Available Principal Amounts (other than as Excess Available Principal Amounts) required to be made under Section 3.02 on such Business Day exceeds (ii) the related Series 2012-VFN Available Principal Amounts (excluding amounts to be treated as part of Series 2012-VFN Available Principal Amounts pursuant to clauses (iv) and (v) of the definition thereof) on such Business Day.
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