Incremental Overcollateralization Amount definition
Incremental Overcollateralization Amount means, on any Payment Date, the product obtained by multiplying (i) a fraction, the numerator of which is the Series 2019-B Invested Amount on such Payment Date before giving effect to distributions on such date, and the denominator of which is the Pool Balance as of the last day of the preceding Collection Period by (ii) the sum of:
Incremental Overcollateralization Amount means, at the time of determination, the product obtained by multiplying
Incremental Overcollateralization Amount with respect to each Series or Class of Notes is adjusted in accordance with the definition thereof set forth in the related Indenture Supplement.
Examples of Incremental Overcollateralization Amount in a sentence
The Transferor will transfer to the Issuer on each Transfer Date any and all Ineligible Receivables arising in connection with any Eligible Account and on the applicable Transfer Date, the Overcollateralization Amount (or any Incremental Overcollateralization Amount as specified in the related Indenture Supplement) and the Required Participation Amount shall be adjusted in accordance with the related Indenture Supplement.
More Definitions of Incremental Overcollateralization Amount
Incremental Overcollateralization Amount means, with respect to any date on which there is an Incremental Funding, the product of (i) the Incremental Funded Amount for such date and (ii) the Adjusted Series 2010-VFN Overcollateralization Percentage. “Indebtedness” and each defined term used therein shall have the meanings specified in Section 1.01 of the Credit Agreement, provided however, if the definition of “Indebtedness” or any defined term used therein shall be amended, supplemented or modified in the Credit Agreement after the Issuance Date, “Indebtedness” and any such defined term used therein may, at the unanimous direction of the Managing Agents, have the meaning as so amended, supplemented or modified.
Incremental Overcollateralization Amount means, with respect to any date on which there is an Incremental Funding, the product of (i) the Incremental Funded Amount for such date and (ii) the Series 2012-VFN OvercollateralizationSubordinated Seller’s Interest Percentage.
Incremental Overcollateralization Amount means, with respect to any date on which there is an Incremental Funding, the product of (i) the Incremental Funded Amount for such date and (ii) the Series 2012-VFN Overcollateralization Percentage.
Incremental Overcollateralization Amount means, (a) on any Payment Date, the product obtained by multiplying (i) a fraction, the numerator of which is the Invested Amount of a Series on such day, and the denominator of which is the Pool Balance on the last day of the preceding Collection Period by (ii) the sum of the Overconcentration Amount and the aggregate amount of Ineligible Receivables (other than Defaulted Receivables) on that Payment Date, in each case, that are not subject to reassignment from the Issuer, or (b) such other amount as set forth in the related Indenture Supplement.
Incremental Overcollateralization Amount means, for the Series 20__-_ Issuance Date and any Distribution Date, the product of (i) a fraction, the numerator of which is the sum of (A) the Series 20__-_ Invested Amount as of such date and (B) the Primary Series 20__-_ Overcollateralization Amount as of such date, in each case before giving effect to distributions and allocations on such date, and the denominator of which is the Pool Balance as of the Series 20__-_ Cutoff Date or the last day of the related Collection Period, as applicable, and (ii) the sum, without duplication, of: