Excess Available Principal Amounts Sharing Clause Samples

Excess Available Principal Amounts Sharing. (a) The Shared Excess Available Principal Amount allocable to Series 2003-A on any Payment Date shall be treated as Series 2003-A Available Principal Amounts for such Payment Date. (b) The Shared Excess Available Principal Amount allocable to Series 2003-A with respect to any Payment Date shall mean an amount equal to the Series Available Principal Amount Shortfall, if any, with respect to Series 2003-A for such Payment Date; provided, however, that if the aggregate amount of Shared Excess Available Principal Amounts for all series of Notes for such Payment Date is less than the Aggregate Series Available Principal Amounts Shortfall for such Payment Date, then Shared Excess Available Principal Amounts allocable to Series 2003-A on such Payment Date shall equal the product of (i) Shared Excess Available Principal Amounts for all series of Notes and (ii) a fraction, the numerator of which is the Series Available Principal Amounts Shortfall with respect to Series 2003-A for such Payment Date and the denominator of which is the aggregate amount of Aggregate Series Available Principal Amounts Shortfall for all series of Notes for such Payment Date. (c) Any Shared Excess Available Principal Amount not required to be applied to make a payment or deposit in respect of a series of Notes shall be paid to the CARCO Trust Trustee to be applied as Excess Available Principal Amounts pursuant to Section 4.04(a) of the Series 2002-CC Supplement.
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Excess Available Principal Amounts Sharing. The Issuer shall reallocate and redistribute certain excess Available Principal Amounts to cover Series Available Principal Amount Shortfalls incurred by other series as specified in the related Indenture Supplements.
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Excess Available Principal Amounts Sharing. The Issuer shall reallocate and redistribute certain excess Available Principal Amounts to cover Series Available Principal Amount Shortfalls incurred by other Series as specified in the related Indenture Supplements.
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Excess Available Principal Amounts Sharing. Shared Excess Available Principal Amounts allocable to the WFCardSeries on any Transfer Date shall be treated as WFCardSeries Available Principal Amounts for such Transfer Date.
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Related to Excess Available Principal Amounts Sharing

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this Second Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this Second Supplemental Indenture.

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Optional Prepayments with Make-Whole Amount The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes, in an amount not less than 5% of the aggregate principal amount of the Notes then outstanding in the case of a partial prepayment, at 100% of the principal amount so prepaid, and the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of Notes written notice of each optional prepayment under this Section 8.2 not less than 10 days and not more than 60 days prior to the date fixed for such prepayment unless the Company and the Required Holders agree to another time period pursuant to Section 17. Each such notice shall specify such date (which shall be a Business Day), the aggregate principal amount of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

  • Collateral Shortfalls In the event that amounts on deposit in the Collateral Fund at any time are insufficient to cover any withdrawals therefrom that the Company is then entitled to make hereunder, the Purchaser shall be obligated to pay such amounts to the Company immediately upon demand. Such obligation shall constitute a general corporate obligation of the Purchaser. The failure to pay such amounts within two Business Days of such demand (except for amounts to cover interest on a Mortgage Loan pursuant to Sections 2.02(d) and 2.03 (b)), shall cause an immediate termination of the Purchaser's right to make any Election to Delay Foreclosure or Election to Foreclose and the Company's obligations under this Agreement with respect to all Mortgage Loans to which such insufficiencies relate, without the necessity of any further notice or demand on the part of the Company.

  • Excess Availability Borrowers shall maintain Excess Availability at ------------------- all times of at least $4,500,000.