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 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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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  • All investment earnings on deposit in the accumulation account will be withdrawn on each distribution date and deposited into the collection account.Whenever amounts are deposited into or are on deposit in the accumulation account, the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  • All investment earnings on deposit in the accumulation account will be withdrawn on each distribution date and deposited into the collection account.Whenever amounts are deposited into or are on deposit in the accumulation account, the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, the product of:
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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).

  • Initial Reserve Account Deposit Amount means an amount equal to $12,240,151.27.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,495.09.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • Initial Reserve Account Deposit means $3,000,000.

  • 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;

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

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

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

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