Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Note Transfer Date, the sum of (a) with respect to Series 2016-1, the amount of Series 2016-1 Available Principal Collections, less any amount released and used to purchase Receivables under Section 4.01(f), for such Monthly Period available after application in accordance with Sections 4.05(b)(i) through (iii) and (b) with respect to any other Series included in Shared Excess Available Principal Collections Group One, the Principal Collections allocated to such other Series remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” with respect to such Monthly Period.
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Note Transfer Date, the sum of (a) with respect to Series [•], the amount of Series [•] Available Principal Collections, less any amount released and used to purchase Receivables under Section 4.01(f), for such Monthly Period available after application in accordance with Sections 4.05(b)(i) through (iii) and (b) with respect to any other Series included in Shared Excess Available Principal Collections Group [•], the Principal Collections allocated to such other Series remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” with respect to such Monthly Period.
Shared Excess Available Principal Collections has, with respect to any Series of Notes, the meaning specified in the applicable Indenture Supplement for such Series of Notes.
Examples of Shared Excess Available Principal Collections in a sentence
Treated as Shared Excess Available Principal Collections NA APPLICATION OF PRINCIPAL COLLECTIONS DURING EARLY AMORTIZATION PERIOD 1.
Certain excess Principal Collections allocated to any Series of Notes in a Shared Excess Available Principal Collections Group may be redistributed to cover Series Available Principal Collections Shortfalls incurred by other Series of Notes belonging to the same Shared Excess Available Principal Collections Group to the extent and as specified in the related Indenture Supplement.
Such borrowing will then be promptly made available to the Borrower by the Administrative Agent on such date by crediting the account of the Borrower designated in the Account Designation Letter hereunder with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent.
Treated as Shared Excess Available Principal Collections NA APPLICATION OF SHARED EXCESS AVAILABLE PRINCIPAL COLLECTIONS ALLOCATED TO SERIES 2005-1 1.
On each First Note Transfer Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.
More Definitions of Shared Excess Available Principal Collections
Shared Excess Available Principal Collections has, with respect to any Series of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes.
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Note Transfer Date, the sum of (a) with respect to Series 2007-1, the amount of Series 2007-1 Available Principal Collections for such Monthly Period available after application in accordance with subsections 4.06(b)(i) through (iv) and (b) with respect to any other Series included in Shared Excess Available Principal Collections Group A, the Principal Collections allocated to such other Series remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” with respect to such Monthly Period.
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Determination Date, the sum of (i) with respect to the CHASEseries, the amount of CHASEseries Available Principal Collections (excluding any amounts to be applied pursuant to Sections 3.28 and 3.29) for such Monthly Period available after application in accordance with subsections 3.09(a) through (e), (ii) with respect to any other Series of Asset Pool One Notes, the Asset Pool One Principal Collections allocated to other Series of Notes in Asset Pool One remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” and (iii) the Excess Funding Amount for Asset Pool One (following any deposit or withdrawal made during such Monthly Period).
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Determination Date, the sum of (i) with respect to the ONEseries, the amount of ONEseries Available Principal Collections (excluding any amounts to be treated as ONEseries Available Principal Collections pursuant to Section 3.28 and any amounts applied pursuant to Section 3.29) for such Monthly Period available after application in accordance with subsections 3.09(a) through (e), (ii) with respect to any other Series of Asset Pool One Notes, the Asset Pool One Principal Collections allocated to other Series of Notes in Asset Pool One remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as "Shared Excess Available Principal Collections" and (iii) the Excess Funding Amount for Asset Pool One (following any deposit or withdrawal made during such Monthly Period).
Shared Excess Available Principal Collections means, with respect to any Monthly Period as determined on the related Determination Date, the sum of (i) with respect to the WachoviaSeries, the amount of WachoviaSeries Available Principal Collections (excluding any amounts to be applied pursuant to Section 3.28) for such Monthly Period available after application in accordance with subsections 3.09(a) through (e), (ii) with respect to any other Series of Notes, the Principal Collections allocated to other Series of Notes remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal Collections” and (iii) the Excess Funding Amount (following any deposit or withdrawal made during such Monthly Period).
Shared Excess Available Principal Collections means, for any Monthly Period, the excess of (a) Collections processed on all Dates of Processing during such Monthly Period to the extent remaining on deposit in the Collection Account, over (b) the sum of (i) Series Finance Charge Collections and Series Principal Collections allocated to each Series for the related Monthly Period and (ii) the Shared Excess Available Finance Charge Collections for such Monthly Period.
Shared Excess Available Principal Collections set forth in Section 1.01 of each Indenture Supplement is hereby amended as set forth below, with text marked in underline indicating additions to such definitions and with text marked in strikethrough indicating deletions to such definitions (without regard to the Series designation set forth below):