Section Definitions. The following words and phrases shall have the following meanings with respect to Series 1997-1 and the definitions of such terms are applicable to the singular as well as the plural form of such terms and to the masculine as well as the feminine and neuter genders of such terms: "Accrued Expense Amount" shall mean, for each Business Day during an Accrual Period, the sum of (i) the Daily Interest Deposit for such Business Day, (ii) (A) if such Business Day is prior to the 20th day of such Accrual Period, 1/10 of each of the Series 1997-1 Monthly Servicing Fee and the portion of each of the Issuer Usage Fees, the Liquidity Usage Fees, the Liquidity Non-Usage Fees, the Issuer Administrative Fees, the Alternate Fees and the Surety Bond Fees to be paid on the next succeeding Settlement Date (up to but not exceeding, in each case, the full amount thereof), assuming that the aggregate Face Amount of Issuer CP on each day is the same as the aggregate Face Amount of Issuer CP on the first day of such Accrual Period or (B) if such Business Day is on or after the 20th day of such Accrual Period and if the Issuer notifies the Master Servicer and the Trustee on such Business Day that Aggregate Daily Collections previously transferred to the Series 1997-1 Non-Principal Collection Sub-account are insufficient to pay the Series 1997-1 Monthly Servicing Fee and the portion of each of the Issuer Usage Fees, the Liquidity Usage Fees, the Liquidity Non-Usage Fees, the Issuer Administrative Fees, the Alternate Fees and the Surety Bond Fees to be paid on the next succeeding Settlement Date, an amount reasonably expected by the Issuer to be equal to such insufficiency, which amount shall be specified in such notice to the Master Servicer and the Trustee, and (iii) the Program Costs for such Business Day.
Appears in 2 contracts
Sources: Pooling Agreement (Specialty Foods Corp), Pooling Agreement (Specialty Foods Acquisition Corp)