Total Available Collections Amount definition
Total Available Collections Amount means, for any Payment Date, the sum of (a) the excess, if any, of (i) the sum of (A) the aggregate amount of Collections allocated to the Series 2014-1 Collection Account pursuant to Section 2.4(b) during the related Monthly Period, (B) the investment income on amounts on deposit in the Series 2014-1 Collection Account during such Monthly Period and (C) the investment income on amounts on deposit in the Series 2014-1 Interest and Expense Account during such Monthly Period transferred to the Series 2014-1 Collection Account on such Payment Date pursuant to Section 2.1(b) over (ii) the amount withdrawn from the Series 2014-1 Collection Account during such Monthly Period pursuant to Section 2.4(c), plus, (b) in the case of the earlier of (x) the Payment Date on June 17, 2016 or (y) the first Payment Date following the occurrence of an Amortization Event with respect to the Series 2014-1 Notes, the amount, if any, by which the amount on deposit in the Series 2014-1 Collection Account at the close of business on the last day of the related Monthly Period was greater than the amount described in clause (a) above.
Total Available Collections Amount means, for any Payment Date, the sum of (a) the excess, if any, of (i) the sum of (A) the aggregate amount of Collections allocated to the Series 2016-1 Collection Account pursuant to Section 2.4(b) during the related Monthly Period, (B) the investment income on amounts on deposit in the Series 2016-1 Collection Account during such Monthly Period and (C) the investment income on amounts on deposit in the Series 2016-1 Interest and Expense Account during such Monthly Period transferred to the Series 2016-1 Collection Account on such Payment Date pursuant to Section 2.1(b) over (ii) the amount withdrawn from the Series 2016-1 Collection Account during such Monthly Period pursuant to Section 2.2(a) and Section 2.4(c), plus, (b)(i) in the case of the Payment Date on June 18, 2018 so long as no Amortization Event with respect to the Series 2016-1 Notes has occurred prior to such Payment Date, the lesser of (x) any amounts on deposit in the Series 2016-1 Collection Account at the close of business on the last day of May 2018 that are attributable to Collections that were allocated to the Series 2016-1 Notes prior to May 1, 2018 and (y) the amount, if any, by which the Series 2016-1 Required Asset Amount on that Payment Date, calculated without taking into account any such amounts on deposit in the Series 2016-1 Collection Account and after giving effect to the application of the amounts available in accordance with Section 2.5(b)(v) to pay the Series 2016-1 Principal Payment Amount for that Payment Date, exceeds the Series 2016-1 Asset Amount on that Payment Date, or (ii) in the case of the first Payment Date following the occurrence of an Amortization Event with respect to the Series 2016-1 Notes, the amount, if any, by which the amount on deposit in the Series 2016-1 Collection Account at the close of business on
Total Available Collections Amount means, for any Payment Date, the sum of (a) the excess, if any, of (i) the sum of (A) the aggregate amount of Collections allocated to the Series 2018-1 Collection Account pursuant to Section 2.4(b) during the related Monthly Period, (B) the investment income on amounts on deposit in the Series 2018-1 Collection Account during such Monthly Period and (C) the investment income on amounts on deposit in the Series 2018-1 Interest and Expense Account during such Monthly Period transferred to the Series 2018-1 Collection Account on such Payment Date pursuant to Section 2.1(b) over (ii) the amount withdrawn from the Series 2018-1 Collection Account during such Monthly Period pursuant to Section 2.2(a) and Section 2.4(c), plus, (b)(i) in the case of the Payment Date on May 18, 2020 so long as no Amortization Event with respect to the Series 2018-1 Notes has occurred prior to such Payment Date, the lesser of (x) any amounts on deposit in the Series 2018-1 Collection Account at the close of business on the last day of April 2020 that are attributable to Collections that were allocated to the Series 2018-1 Notes prior to April 1, 2020 and (y) the amount, if any, by which the Series 2018-1 Required Asset Amount on that Payment Date, calculated without taking into account any such amounts on deposit in the Series 2018-1 Collection Account and after giving effect to the application of the amounts available in accordance with Section 2.5(b)(vi) to pay the Offered Series 2018-1 Notes Principal Payment Amount for that Payment Date, exceeds the Series 2018-1 Asset
More Definitions of Total Available Collections Amount
Total Available Collections Amount means, for any Payment Date, the sum of (a) the excess, if any, of (i) the sum of (A) the aggregate amount of Collections allocated to the Series 2023‑1 Collection Account pursuant to Section 2.4(b) during the related Monthly Period, (B) the investment income on amounts on deposit in the Series 2023‑1 Collection Account during such Monthly Period and (C) the investment income on amounts on deposit in the Series 2023‑1 Interest and Expense Account during such Monthly Period transferred to the Series 2023‑1 Collection Account on such Payment Date pursuant to Section 2.1(b) over (ii) the amount withdrawn from the Series 2023‑1 Collection Account during such Monthly Period pursuant to Section 2.2(a) and Section 2.4(c), plus, (b)(i) in the case of the Payment Date on September 17, 2026 so long as no Amortization Event with respect to the Series 2023‑1 Notes has occurred prior to such Payment Date, the lesser of (x) any amounts on deposit in the Series 2023‑1 Collection Account at the close of business on the last day of August 2026 that are attributable to Collections that were allocated to the Series 2023‑1 Notes prior to August 1, 2026 and (y) the amount, if any, by which the Series 2023‑1 Required Asset Amount on that Payment Date, calculated without taking into account any such amounts on deposit in the Series 2023‑1 Collection Account and after giving effect to the application of the amounts
Total Available Collections Amount means, for any Payment Date, the sum of (a) the excess, if any, of (i) the sum of (A) the aggregate amount of Collections allocated to the Series 2025-1 Collection Account pursuant to Section 2.4(b) during the related Monthly Period, (B) the investment income on amounts on deposit in the Series 2025-1 Collection Account during such Monthly Period and (C) the investment income on amounts on deposit in the Series 2025-1 Interest & Expense Account during such Monthly Period transferred to the Series 2025-1 Collection Account on such Payment Date pursuant to Section 2.1(b) over (ii) the amount withdrawn from the Series 2025-1 Collection Account during such Monthly Period pursuant to Section 2.2(a) and Section 2.4(c), plus,
Total Available Collections Amount means, for any Payment Date, the sum of (a) the excess, if any, of (i) the sum of (A) the aggregate amount of Collections allocated to the Series 2021-1 Collection Account pursuant to Section 2.4(b) during the related Monthly Period, (B) the investment income on amounts on deposit in the Series 2021-1 Collection Account during such Monthly Period and (C) the investment income on amounts on deposit in the Series 2021-1 Interest and Expense Account during such Monthly Period transferred to the Series 2021-1 Collection Account on such Payment Date pursuant to Section 2.1(b) over (ii) the amount withdrawn from the Series 2021-1 Collection Account during such Monthly Period pursuant to Section 2.2(a) and Section 2.4(c), plus, (b)(i) in the case of the Payment Date on June 17, 2024 so long as no Amortization Event with respect to the Series 2021-1 Notes has occurred prior to such Payment Date, the lesser of (x) any amounts on deposit in the Series 2021-1 Collection Account at the close of business on the last day of May 2024 that are attributable to Collections that were allocated to the Series 2021-1 Notes prior to May 1, 2024 and (y) the amount, if any, by which the Series 2021-1 Required Asset Amount on that Payment Date, calculated without taking into account any such amounts on deposit in the Series 2021-1 Collection Account and after giving effect to the application of the amounts available in accordance with Section 2.5(b)(vi) to pay the Series 2021-1 Notes Principal Payment Amount for that Payment Date, exceeds the Series 2021-1 Asset Amount on that Payment Date, or (ii) on the first Payment Date following the occurrence of an Amortization Event with respect to the Series 2021-1 Notes, the amount, if any, by which the amount on deposit in the Series 2021-1 Collection Account at the close of business on the last day of the related Monthly Period was greater than the amount described in clause (a) above.
Total Available Collections Amount means, for any Payment Date, the sum of (a) the excess, if any, of (i) the sum of (A) the aggregate amount of Collections allocated to the Series 2019-1 Collection Account pursuant to Section 2.4(b) during the related Monthly Period, (B) the investment income on amounts on deposit in the Series 2019-1 Collection Account during such Monthly Period and (C) the investment income on amounts on deposit in the Series 2019-1 Interest and Expense Account during such Monthly Period transferred to the Series 2019-1 Collection Account on such Payment Date pursuant to Section 2.1(b) over (ii) the amount withdrawn from the Series 2019-1 Collection Account during such Monthly Period pursuant to Section 2.2(a) and Section 2.4(c), plus, (b)(i) in the case of the Payment Date on December 17, 2021 so long as no Amortization Event with respect to the Series 2019-1 Notes has occurred prior to such Payment Date, the lesser of (x) any amounts on deposit in the Series 2019-1 Collection Account at the close of business on the last day of November 2021 that are attributable to Collections that were allocated to the Series 2019-1 Notes prior to November 1, 2021 and (y) the amount, if any, by which the Series 2019-1 Required Asset Amount on that Payment Date, calculated without taking into account any such amounts on deposit in the Series 2019-1 Collection Account and after giving effect to the application of the amounts available in accordance with Section 2.5(b)(vi) to pay the Series 2019-1 Notes Principal Payment Amount for that Payment Date, exceeds the Series 2019-1 Asset Amount on that Payment Date, or (ii) on the first Payment Date following the occurrence of an Amortization Event with respect to the Series 2019-1 Notes, the amount, if any, by which the amount on deposit in the Series 2019-1 Collection Account at the close of business on the last day of the related Monthly Period was greater than the amount described in clause (a) above.