Noteholder Default Amount definition

Noteholder Default Amount means, with respect to any Payment Date, an amount equal to the product of (a) the Defaulted Amount for the related Collection Period and (b) the Floating Allocation Percentage for the related Collection Period.
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Noteholder Default Amount means, with respect to any Settlement Period, an amount equal to the
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Examples of Noteholder Default Amount in a sentence

  • The Servicer shall also determine the Noteholder Default Amount on each Business Day and reflect such amounts in the Daily Report.

  • If the Required Subordination Draw Amount exceeds the Additional Noteholder Collections for such Payment Date, the Series 2000- 1 Available Subordinated Amount shall be further reduced by the amount of such excess, but not by more than the sum of (x) the Noteholder Default Amount and (y) the amount of unpaid Adjustment Payments allocated to Series 2000-1 as described in Section 4.05(a)(vi).

  • If, on any Payment Date on which ---------------------- the Series 2000-1 Available Subordinated Amount on the preceding Determination Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on such Payment Date) is zero and the Deficiency Amount for such Payment Date is greater than zero, the Invested Amount shall be reduced by the amount of the Deficiency Amount, but not by more than the Noteholder Default Amount for the Payment Date (a "Noteholder Charge-Off").

  • If the amount necessary to complete the distributions referred to in this paragraph (b) exceeds Additional Noteholder Collections for such Payment Date, the Available Subordinated Amount shall be further reduced (but not below zero) by the amount of such excess, but not by more than the sum of (x) the Noteholder Default Amount and (y) the amount of unpaid Adjustment Payments allocated to the Series 200_-_ Notes.

Related to Noteholder 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.

  • Investor Default Amount means, with respect to any Distribution Date, an amount equal to the product of (a) the Defaulted Amount for the related Monthly Period and (b) the Floating Allocation Percentage for such Monthly Period.

  • Collateral Default Amount means, with respect to any Distribution Date, the product of the Investor Default Amount for such Distribution Date and the Collateral Floating Percentage.

  • 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.