Series Floating Allocation Percentage definition

Series Floating Allocation Percentage for any series of Notes, has the meaning specified in the related Indenture Supplement.
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Series Floating Allocation Percentage means, with respect to any Monthly Period for such Monthly Period, and any date of determination as of such date of determination in such Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Allocation Amount as of the beginning of the first day of such Monthly Period (or, (x) in the case of the first Monthly Period, the Series [•] Stated Principal Amount and (y) with respect to any Monthly Period in which there is an issuance of additional Series [•] Notes occurring in such Monthly Period, the Allocation Amount (after giving effect to any increase to the Allocation Amount resulting from the issuance of the additional Series [•] Notes) as of any date of determination on or after the date of such issuance of additional Series [•] Notes), and the denominator of which is the greater of (i) the Pool Balance as of the beginning of the first day of such Monthly Period as adjusted in accordance with the provisions below related to this clause (i), or (ii) the sum of the numerators used to calculate the Floating Allocation Percentages for all Series of Notes as of the beginning of the first day of such Monthly Period as adjusted in accordance with the provisions below related to this clause (ii). With respect to any Monthly Period in which an Addition Date or a Removal Date occurs, on such Addition Date or Removal Date, as applicable, the amount calculated above pursuant to clause (i) shall be adjusted to give effect to all increases and decreases in the Pool Balance occurring in such Monthly Period from the first day of such Monthly Period to and including such Addition Date or Removal Date. With respect to any Monthly Period in which there is a new issuance of Notes or an additional issuance of Notes of an Outstanding Series of Notes, in each case, pursuant to Section 4.10 of the Indenture, the amount calculated above pursuant to clause (ii) shall be adjusted to give effect to all increases in the sum of the allocation amounts resulting from such new Series of Notes or additional issuance of Notes of an Outstanding Series of Notes occurring in such Monthly Period from the immediately preceding date of determination in such Monthly Period to and including the date of issuance of such new Series of Notes or the additional issuance of Notes of an Outstanding Series of Notes.
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Series Floating Allocation Percentage means, for any Series of Notes with respect to any Monthly Period and the related Transfer Date, the percentage equivalent, which shall never exceed 100%, of a fraction, the numerator of which is the Series Security Amount for such Series as of the last day of the immediately preceding Monthly Period and the denominator of which is the greater of (a) the Adjusted Pool Balance as of the last day of the immediately preceding Monthly Period and (b) the sum of the Series Security Amounts for all Series of Notes on that day.
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Examples of Series Floating Allocation Percentage in a sentence

  • With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes its portion of the Available Interest Amount received on the Payment Date related to such Monthly Period in an amount equal to the product of (i) the Series Floating Allocation Percentage for such series times (ii) the Available Interest Amount for such Monthly Period.

  • With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes its portion of the Available Interest Amount for such Monthly Period in an amount equal to the product of (i) the Series Floating Allocation Percentage for such series times (ii) the Available Interest Amount for such Monthly Period.

  • With respect to each Monthly Period, the Indenture Trustee will allocate to each series of Notes its portion of the Interest Collections related to such Monthly Period in an amount equal to the product of (i) the Series Floating Allocation Percentage for such series times (ii) the Interest Collections for such Monthly Period.

  • With respect to each Monthly Period, the Indenture Trustee shall allocate to each Series of Notes its portion of the Investor Default Amounts for such Monthly Period in an amount equal to the product of (i) the Series Floating Allocation Percentage for such Series times (ii) the Investor Default Amount for such Monthly Period.

  • With respect to each Monthly Period, the Indenture Trustee shall allocate to each Series of Notes its portion of the Available Interest Amount for such Monthly Period in an amount equal to the product of (i) the Series Floating Allocation Percentage for such Series times (ii) the Available Interest Amount for such Monthly Period.

  • With respect to each Monthly Period, the Indenture Trustee shall allocate to each Series of Notes its portion of the Investor Uncovered Dilution Amounts for such Monthly Period in an amount equal to the product of (i) the Series Floating Allocation Percentage for such Series times (ii) the Investor Uncovered Dilution Amount for such Monthly Period.

  • The share of the Servicing Fee allocable to the Series 2001-A Noteholders with respect to any Payment Date to be paid out of the Series 2001-A Expense Subaccount (the "Monthly Servicing Fee") shall be equal to one-twelfth --------------------- of the product of (a) 0.50% (the "Servicing Fee Rate") multiplied by (b) the ------------------- ending aggregate Unpaid Balance of the Receivables for the related Monthly Period multiplied by (c) the Series Floating Allocation Percentage for Series 2001-A.

  • With respect to each Monthly Period, the Indenture Trustee shall allocate to each Series of Notes its portion of the Investor Uncovered Dilution Amounts for such Monthly Period in an 46 MASTER INDENTURE amount equal to the product of (i) the Series Floating Allocation Percentage for such Series times (ii) the Investor Uncovered Dilution Amount for such Monthly Period.


More Definitions of Series Floating Allocation Percentage

Series Floating Allocation Percentage means, with respect to any Payment Date, the percentage equivalent, which shall never exceed 100%, of a fraction, the numerator of which is the Series [____] Nominal Liquidation Amount as of the last day of the immediately preceding Collection Period and the denominator of which is the sum of the series nominal liquidation amounts for all series of Notes (including Series [____]) on that day.
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Series Floating Allocation Percentage means, for any day during a Collection Period, the percentage equivalent (not to exceed 100%) of a fraction, the numerator of which is the Series [___] Nominal Liquidation Amount for such day (or with respect to any day in the [___] Collection Period, the Series [___] Nominal Liquidation Amount as of the Series [___] Issuance Date) and the denominator of which is the product of (a) the Series [___] Allocation Percentage for such day and (b) the Pool Balance as of the last day of the proceeding Collection Period. Notwithstanding the foregoing, during any day in a Collection Period in which there is an Early Amortization Event or during the Accumulation Period, the Series [___] Nominal Liquidation Amount shall be as of the last day of the preceding Collection Period.
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Series Floating Allocation Percentage means, with ---------------------------------------- respect to any Series of Notes and for any date during the Revolving Period for such Series, a fraction, the numerator of which equals its Target Receivables Amount and the denominator of which equals the greater of (i) the Net Eligible Receivables Balance and (ii) the sum of the Target Receivables Amounts for all Series then outstanding.
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Related to Series Floating Allocation Percentage

  • Floating Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Invested Amount as of the last day of the preceding Monthly Period (or with respect to the first Monthly Period, the Initial Invested Amount) and the denominator of which is the greater of (1) the sum of (x) the total amount of Principal Receivables in the Trust at the end of the day on such date (or with respect to the first Monthly Period, at the end of the day on the Closing Date) and (y) the principal amount on deposit in the Excess Funding Account as of the end of the day on such date and (2) the sum of the numerators used to calculate the Series Percentages (as such term is defined in the Agreement) with respect to Finance Charge Receivables or Defaulted Receivables, as applicable, for all Series then outstanding; provided, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer need not make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be the Average Principal Balance; provided further, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer is required to make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be (1) for the period from and including the first day of such Monthly Period to but excluding the related Addition Date, the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period and (2) for the period from and including the related Addition Date to and including the last day of such Monthly Period, the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Series Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the Allocation Percentage for Finance Charge Collections for that Monthly Period and the denominator of which is the sum of the Allocation Percentages for Finance Charge Receivables for all outstanding Series on such date of determination; provided that if one or more Reset Dates occur in a Monthly Period, the Series Allocation Percentage for the portion of the Monthly Period falling on and after each such Reset Date and prior to any subsequent Reset Date will be determined using a denominator which is equal to the sum of the numerators used in determining the Allocation Percentage for Finance Charge Receivables for all outstanding Series as of the close of business on the subject Reset Date.

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Principal Allocation Percentage means, with respect to any day during a Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Series Adjusted Invested Amount for Series 2022-2 as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Initial Invested Amount) and (b) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the Series Adjusted Invested Amount for Series 2022-2 as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the product of (x) the sum of (i) the total amount of Principal Receivables in the Trust as of the last day of the immediately preceding Monthly Period (or with respect to the first Monthly Period, the total amount of Principal Receivables in the Trust as of the Closing Date) and (ii) the principal amount on deposit in the Special Funding Account as of such last day (or with respect to the first Monthly Period, the Closing Date) and (y) the Series 2022-2 Allocation Percentage as of the last day of the immediately preceding Monthly Period; provided, however, that with respect to any Monthly Period in which an Addition Date for an Aggregate Addition or a Removal Date occurs the amount in (x)(i) above shall be (1) the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period for the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (2) the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date or Removal Date for the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period; and provided further, that if after the commencement of the Controlled Accumulation Period a Pay-Out Event occurs with respect to another Series that was designated in the Supplement therefor as a Series that is a “Paired Series” with respect to Series 2022-2, the Transferor may, by written notice delivered to the Trustee and the Servicer, designate a different numerator for the foregoing fraction, provided that (x) such numerator is not less than the Adjusted Invested Amount as of the last day of the revolving period for such Paired Series, (y) the Transferor shall have received written notice from each Rating Agency that the Rating Agency Condition has been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee and (z) the Transferor shall have delivered to the Trustee an Officer’s Certificate of such Transferor to the effect that, based on the facts known to such officer at such time, in the reasonable belief of such Transferor, such designation will not cause a Pay-Out Event or an event that, after the giving of notice or the lapse of time, would constitute a Pay-Out Event, to occur with respect to Series 2022-2.