Supplemental Interest Account Deposit Amount definition

Supplemental Interest Account Deposit Amount means, with respect to any distribution date during a reset period when the reset rate notes are then structured not to receive a payment of principal until the end of the related reset period, the lesser of: • the product of:
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Supplemental Interest Account Deposit Amount means, with respect to the Reset Rate Notes while in fixed rate mode, and for any Distribution Date, the lesser of:
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Supplemental Interest Account Deposit Amount. ’ means, for any distribution date, the product of:
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Examples of Supplemental Interest Account Deposit Amount in a sentence

  • All investment earnings on deposit in the accumulation account will be withdrawn on each distribution date and deposited into the collection account.Whenever amounts are deposited into or are on deposit in the accumulation account, the indenture trustee, subject to sufficient available funds therefor, will deposit into the supplemental interest account the Supplemental Interest Account Deposit Amount as described under “—Distributions” below.Tender of Reset Rate Notes; Remarketing Procedures.

  • All investment earnings on deposit in the accumulation account will be withdrawn on each distribution date and deposited into the collection account.Whenever amounts are deposited into or are on deposit in the accumulation account, the indenture trustee, subject to sufficient available funds therefor, will deposit into the supplemental interest account the Supplemental Interest Account Deposit Amount as described under “ —Distributions” below.Tender of Reset Rate Notes; Remarketing Procedures.


More Definitions of Supplemental Interest Account Deposit Amount

Supplemental Interest Account Deposit Amount means, with respect to the Class A-5B Notes, on the Closing Date, the Supplemental Interest Account Initial Deposit, and for any Distribution Date thereafter, until the initial Reset Date for the Class A-5B Notes, the lesser of:
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Supplemental Interest Account Deposit Amount means, for any Distribution Date and each Supplemental Interest Account, the product of: (1) the difference between (a) the weighted average of the Three-Month LIBOR based rates (as determined for the Accrual Period commencing on that Distribution Date) that will be payable by the Trust to the related Swap Counterparties on the next Distribution Date, and (b) LIBOR minus 1.00% or another assumed rate of Investment Earnings that satisfies the Rating Agency Condition, (2) the amount, if any, on deposit in the related Accumulation Account immediately after that Distribution Date, and (3) the actual number of days from that Distribution Date to the next related Reset Date, divided by 360. For any Distribution Date on which the balance in an Accumulation Account is zero (after taking into account all deposits and withdrawals to be made on such Distribution Date), the related Supplemental Interest Account Deposit Amount will be zero.
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Related to Supplemental Interest Account Deposit Amount

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Actual Interest Amount is defined in Section 3.1(b)(vii) of this Agreement.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Advance Interest Amount means interest payable on Advances, as specified in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Deposit Amount is the amount GLAIC credits to the Accumulation Fund on the Deposit Date as set forth in the Accumulation Fund Schedule.

  • Income Account Record Date means the "Record Dates" set forth in the "Essential Information" in the Prospectus.