Unfunded Loss Amount definition
Unfunded Loss Amount means, with respect to any Payment Date, the excess, if any, of (i) the remainder, if any, of (a) the Aggregate Principal Amount of all of the Notes (prior to giving effect to the payment of principal on the Notes on such Payment Date) minus (b) the lesser of (1) the Contract Pool Principal Balance as of the related Accounting Date for the preceding Payment Date, minus the Contract Pool Principal Balance as of the related Accounting Date for such Payment Date, or (2) (A) the Related Collection Period Pledged Revenue remaining after the payment of amounts owing to the Servicer and the payment of all interest due on the Notes on such Payment Date, plus (B) the amount of any withdrawal from the Cash Collateral Account for the payment of principal in respect of Notes on such Payment Date over (ii) the Contract Pool Principal Balance as of the related Accounting Date.
Unfunded Loss Amount means, for any Payment Date, an amount equal to any excess of: (a) the Aggregate Principal Amount of the Notes, prior to giving effect to the payment of principal on the Notes on that Payment Date, minus (b) the lesser of (i) the Contract Pool Principal Balance as of the last day of the Collection Period immediately preceding the preceding Payment Date, minus the Contract Pool Principal Balance as of the last day of the Collection Period immediately preceding the current Payment Date; or (ii) the Available Funds remaining after payment of amounts owing to the Servicer and interest due on the Notes on the Payment Date plus any withdrawal from the Reserve Account for payment of principal on the Notes on the Payment Date, minus (c) the Contract Pool Principal Balance as of the last day of the related Collection Period.
Unfunded Loss Amount means, with respect to any Payment Date, the excess, if any, of
More Definitions of Unfunded Loss Amount
Unfunded Loss Amount means, for any Payment Date, an amount equal to any excess of: (a) the Aggregate Principal Amount of the Notes, prior to giving effect to the payment of principal on the Notes on that Payment Date (or as of the Closing Date, in the case of the first Payment Date), minus (b) the lesser of (i) the Contract Pool Principal Balance as of the last day of the Collection Period immediately preceding the preceding Payment Date, minus the Contract Pool Principal Balance as of the last day of the Collection Period immediately preceding the current Payment Date; or (ii) the Available Funds remaining after payment of amounts owing to the Servicer and interest due on the Notes on the Payment Date plus any withdrawal from the Reserve Account for payment of principal on the Notes on the Payment Date, minus (c) the Contract Pool Principal Balance as of the last day of the related Collection Period.
Unfunded Loss Amount means, for any Payment Date, an amount equal to any excess of: (a) the Aggregate Principal Amount of the Notes, prior to giving effect to the payment of principal on the Notes on that Payment Date (or as of the Closing Date, in the case of the first Payment Date), minus (b) the lesser of (i) the Contract Pool Principal Balance as of the last day of the Collection Period immediately preceding the preceding Payment Date (or as of the Closing Date, in the case of the first Payment Date), minus the Contract Pool Principal Balance as of the last day of the Collection Period immediately preceding the current Payment Date; or (ii) the Available Funds remaining after payment of amounts owing to the Servicer and interest due on the Notes on the Payment Date plus any withdrawal from the Reserve Account for payment of principal on the Notes on the Payment Date, minus (c) the Contract Pool Principal Balance as of the last day of the related Collection Period.
Unfunded Loss Amount means, with respect to any Payment Date, the excess, if any, of (i) the remainder, if any, of (a) the Aggregate Principal Amount of all of the Notes (prior to giving effect to the payment of principal on the Notes on such Payment Date) minus (b) the lesser of (1) the Contract Pool Principal Balance as of the related Accounting Date for the preceding Payment Date, minus the Contract Pool Principal Balance as of the related Accounting Date for such Payment Date, or (2) (A) the Related Collection Period Pledged Revenue remaining after the payment of amounts owing to the Servicer and the payment of all interest due on the Notes on such Payment Date, plus (B) the amount of any withdrawal from the Cash Collateral Account for the payment of principal in respect of Notes on such Payment Date over (ii) the sum of, as of the related Accounting Date, the Contract Pool Principal Balance and the amounts on deposit in the Class A-2a Funding Account and the Class A Principal Account (in each case exclusive of Investment Earnings thereon).