Maximum Addition Amount definition
Maximum Addition Amount means, unless otherwise provided in a Supplement, with respect to any Addition Date, the number of Accounts originated by the applicable Account Owner and designated as Additional Accounts pursuant to Section 2.06 without prior Rating Agency confirmation of its then existing rating of any Series of Investor Certificates then issued and outstanding described under subsection 2.06(c)(vii) which would either (a) with respect to any of the three consecutive Monthly Periods be equal to the product of (i) 15% and (ii) the number of Accounts as of the first day of the calendar year during which such Monthly Periods commence or (b), with respect to any twelve‑month period, equal the product of (i) 20% and (ii) the number of Accounts as of the first day of such twelve‑month period; provided, however, that if the aggregate principal balance in the Additional Accounts specified in clause (a) or (b) above, as the case may be, shall exceed either (y) the product of (i) 15% and (ii) the aggregate amount of Principal Receivables determined as of the first day of the third preceding Monthly Period minus the aggregate amount of Principal Receivables as of the date each such Additional Account was added to the Trust in all of the Accounts owned by the applicable Account Owner that have been designated as Additional Accounts since the first day of the third preceding Monthly Period or (z) the product of (i) 20% and (ii) the aggregate amount of Principal Receivables determined as of the first day of the calendar year in which such Addition Date occurs minus the aggregate amount of Principal Receivables as of the date each such Additional Account was added to the Trust in all of the Accounts owned by the applicable Account Owner that have been designated as Additional Accounts since the first day of such calendar year, the Maximum Addition Amount shall be an amount equal to the lesser of the aggregate amount of Principal Receivables specified in either clause (y) or clause (z) of this proviso.
Maximum Addition Amount means, for any Addition Date, the number of accounts originated by FIA and designated as additional accounts without prior rating agency confirmation of its then existing rating of any series of certificates outstanding which would either:
Maximum Addition Amount means, with respect to any Addition Date, an aggregate principal balance as of such Addition Date of eligible Additional Accounts not in excess of either (a) the product of (i) 15% and (ii) the aggregate amount of Principal Receivables determined as of the first day of the third preceding Monthly Period, minus the aggregate amount of Principal Receivables in all of the Accounts that have been designated as Additional Accounts since the first day of the third preceding Monthly Period (measured for each such Additional Account as of the date such Additional Account was added to the Trust), or (b) the product of (i) 20% and (ii) the aggregate amount of Principal Receivables determined as of the first day of the calendar year in which such Addition Date occurs, minus the aggregate amount of Principal Receivables in all of the Accounts that have been designated as Additional Accounts since the first day of such calendar year (measured, for each such Additional Account, as of the date each such Additional Account was added to the Trust).
More Definitions of Maximum Addition Amount
Maximum Addition Amount means, unless otherwise provided in a Supplement, with respect to any Addition Date, the number of accounts originated by the Seller after the Cut Off Date designated as Additional Accounts pursuant to Section 2.06 without prior Rating Agency confirmation of its then existing rating of any Series of Investor Certificates then issued and outstanding described under subsection 2.06(c) (vii) which would either (a) with respect to any of the three consecutive Monthly Periods commencing in November 30, 1994 be equal to the product of (i) 15% and (ii) the number of Accounts as of the first day of the calendar year during which such Monthly Periods commence (or the Cut Off Date, in the case of 1994) or (b) with respect to any twelve-month period equal to the product of (i) 20% and (ii) the number of Accounts as of the first day of such twelve-month period; provided, however, that if the aggregate principal balance in the Additional Accounts specified in clause (a) or clause (b) above, as the case may be, shall exceed either (y) the product of (i) 15% and (ii) the aggregate amount of Principal Receivables determined as of the first day of the third preceding Monthly Period (or in the case of any Addition Date occurring on or before November 30, 1994, the aggregate amount of Principal Receivables on the Initial Closing Date) minus the aggregate amount of Principal Receivables as of the date each such Additional Account was added to the Trust in all of the Accounts owned by the Seller that have been designated as Additional Accounts since the first day of the third preceding Monthly Period or the Initial Closing Date, as the case may be, or (z) the product of (i) 20% and (ii) the aggregate amount of Principal
Maximum Addition Amount means, with respect to any Addition Date:
Maximum Addition Amount means, unless otherwise provided in a Supplement, with respect to any Addition Date, the number of Additional Accounts originated by a Transferor or any Additional Transferor after the Pool Selection Date designated as Designated Accounts pursuant to Clause 2.2 of the RSA without prior Rating Agency confirmation of its then existing rating of any outstanding Related Debt as described in paragraph 2(b) of the Second Schedule to the RSA which would either:
Maximum Addition Amount means with respect to any calendar year, the result of (A) 20% of the Aggregate Principal Amounts determined as of the first day of such calendar year minus (B) the Aggregate Principal Amounts in all Accounts that have been designated as Additional Accounts relating to New Asset Types since the first day of such calendar year (measured, for each such Additional Account, as of the applicable cut-off date).
Maximum Addition Amount. ’ means, for any addition date, the number of additional accounts originated by the transferor after the pool selection date and nominated as additional accounts without prior rating agency confirmation that would either:
Maximum Addition Amount means, unless otherwise provided in a Supplement, with respect to any Determination Date, the number of accounts originated by DNB and by Mercantile after the Cut Off Date which would either (a) with respect to any three consecutive Monthly Periods commencing with the three month period ending in November 1998 be equal to the product of (i) 15% and (ii) the number of Active Accounts as of the first day of the calendar year in which such Monthly Periods commence (or the Cut Off Date in the case of 1998) or (b) with respect to any twelve month period commencing after the Cut Off Date be equal to the product of (i) 20% and (ii) the number of Active Accounts as of the first day of such twelve month period.
Maximum Addition Amount means the maximum number of Accounts which may be nominated by the Transferor as Designated Accounts in a given period, which shall (unless otherwise provided in a Supplement or a Rating Confirmation) be: