Class A Default Amount definition

Class A Default Amount means, with respect to any Distribution ---------------------- Date, an amount equal to the product of (i) the Default Amount for the preceding Due Period and (ii) the Class A Floating Allocation Percentage for such Due Period.
View Source
Class A Default Amount means, with respect to each Transfer Date, an amount equal to the product of (a) the Aggregate Default Amount for the related Monthly Period and (b) the Class A Floating Allocation applicable for the related Monthly Period.
View Source
Class A Default Amount means, with respect to any Monthly Period, an amount equal to the product of (a) the Investor Default Amount and (b) the Class A Floating Percentage, in each case for such Monthly Period.
View Source

Examples of Class A Default Amount in a sentence

  • If on any Transfer Date, the Class A Default Amount for such Transfer Date exceeds the sum of the amounts allocated with respect thereto pursuant to subsection 4.09(a)(iv) and, without duplication, subsection 4.11(a) and Section 4.12 with respect to such Transfer Date, the Class C Ownership Interest (after giving effect to reductions therein for any Class C Charge-Offs and any Reallocated Principal Collections on such Transfer Date) shall be reduced by the amount of such excess.

  • The excess, if any, of the Class A Default Amount on any day over the sum of (x) the available Series 1993-1 Imputed Yield Collections, (y) the available Undistributed Class B Interest and (z) the available Subordinated Series 1993-1 Principal Collections on such day, shall be referred to as a "Class A Charge-Off" and shall constitute a reduction to the Class A Invested Amount.

  • If the Class B Invested Amount is reduced to zero, then a portion of the Class A Invested Amount will be reduced by an amount by which the Class B Invested Amount would have been reduced below zero (but not in excess of Class A Default Amount for such Monthly Period).

  • If on any Distribution Date the Collateral Interest is (or is reduced to) zero, then the Class A Interest will be reduced (but not below zero) by any remaining excess of the Class A Default Amount over the other amounts specified in the preceding sentence (a "Class A Charge-Off").

  • On each Determination Date, the Master Servicer shall calculate the Class A Default Amount for the related Distribution Date.


More Definitions of Class A Default Amount

Class A Default Amount is defined in subsection 4.6(d). ---------------------- -----------------
View Source
Class A Default Amount for any day shall mean the product of (i) the portion of the Investor Default Amount in respect of the Series 1993-1 Certificates incurred on such day and (ii) the decimal equivalent of a fraction, the numerator of which is the Class A Invested Amount on such day and the denominator of which is the Series 1993-1 Invested Amount on such day.
View Source

Related to Class A Default Amount

  • Mandatory Default Amount means the payment of 130% of the outstanding principal amount of this Note and accrued and unpaid interest hereon, in addition to the payment of all other amounts, costs, expenses and liquidated damages due in respect of this Note.

  • Class A Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class A Floating Percentage for such Monthly Period.

  • Default Amount means, as to any Defaulted Account, the amount of Principal Receivables (other than Ineligible Receivables, unless there is an Insolvency Event with respect to Comenity Bank or the Transferor) in such Defaulted Account on the day it became a Defaulted Account.

  • Class B Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class B Floating Percentage for such Monthly Period.

  • Aggregate Investor Default Amount means, with respect to any Monthly Period, the sum of the Investor Default Amounts in respect of such Monthly Period.