Target Reinvestment Amount definition
Target Reinvestment Amount. As of any Distribution Date during the Revolving Period, the excess, if any, of the sum of (i) the Aggregate Note Principal Balance as of the preceding Distribution Date or the Initial Closing Date, as applicable, and (ii) the Overcollateralization Target Amount, over the Aggregate Receivables Principal Balance as of the last day of the Monthly Period related to such Distribution Date.
Target Reinvestment Amount means, as of any Payment Date during the Revolving Period, the excess, if any, of the Outstanding Amount of the Notes as of the preceding Payment Date or the Closing Date, as applicable, plus the Overcollateralization Target Amount over the Pool Balance for that payment date.]
Target Reinvestment Amount means, as of any Payment Date during the Revolving Period, the excess, if any, of the Outstanding Amount of the Notes as of the preceding Payment Date or the [Initial] Closing Date, as applicable, plus the Overcollateralization Target Amount over the aggregate Securitization Value for that Payment Date.]