Specified Credit Enhancement Amount definition

Specified Credit Enhancement Amount means, with respect to any Monthly Distribution Date, the greatest of (i) $14,997,999.97, (ii) 1.00% of the Pool Balance at the end of the Collection Period preceding such Monthly Distribution Date or (iii) the aggregate principal balance of the Receivables that are delinquent 91 days or more and are not Liquidated Receivables at the end of the Collection Period preceding such Monthly Distribution Date; provided, however, that the Specified Credit Enhancement Amount with respect to any Monthly Distribution Date shall not exceed the sum of the aggregate outstanding principal amount of all the Notes and the Aggregate Certificate Balance of all the Certificates as of the preceding Monthly Distribution Date (after giving effect to any principal payments made on the Securities on such preceding Monthly Distribution Date).
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Specified Credit Enhancement Amount. With respect to any Payment Date, the sum of the Specified Overcollateralization Amounts for both Groups.
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Specified Credit Enhancement Amount means, with respect to any Payment Date, the greatest of (i) $15,789,982.00, (ii) 1% of the Pool Balance at the end of the Collection Period preceding such Payment Date or (iii) the aggregate principal balance of the Receivables that are delinquent 91 days or more and are not Liquidated Receivables at the end of the Collection Period preceding such Payment Date; provided, however, that the Specified Credit Enhancement Amount with respect to any Payment Date shall not exceed the sum of the aggregate outstanding principal amount of all the Notes and the Aggregate Certificate Balance of all the Certificates as of the preceding Payment Date (after giving effect to any principal payments made on the Securities on such preceding Payment Date).
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More Definitions of Specified Credit Enhancement Amount

Specified Credit Enhancement Amount. With respect to any Payment Date, the sum of the Specified Over-collateralization Amounts for all three Groups.
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Specified Credit Enhancement Amount means, with respect to any Payment Date, the product of (i) [__]% and (ii) the Pool Balance at the end of the Collection Period preceding such Payment Date, less the Yield Supplement Overcollateralization Amount with respect to such Payment Date; provided, however, that the Specified Credit Enhancement Amount with respect to any Payment Date shall not exceed the sum of the aggregate Outstanding Amount of all the Notes as of the preceding Payment Date (after giving effect to any principal payments made on the Notes on such preceding Payment Date).
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Specified Credit Enhancement Amount means, for any Distribution Date, the greatest of (i) $7,128,117.29, (ii) 3.25% of the Pool Balance at the end of the related Collection Period, or (iii) the aggregate principal balance of the Receivables that are delinquent 90 or more days and are not Defaulted Receivables at the end of the Collection Period preceding such Distribution Date; provided, however, that the Specified Credit Enhancement Amount with respect to any Distribution Date shall not exceed the sum of the aggregate outstanding principal amount of all the Notes as of the preceding Distribution Date (after giving effect to any principal payments made on the Notes on such preceding Distribution Date).
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Specified Credit Enhancement Amount means, with respect to any Distribution Date, the greater of $17,000,070 or 5.00% of the Pool Balance at the end of the Collection Period preceding such Distribution Date.
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Specified Credit Enhancement Amount means, with respect to any Distribution Date, the greatest of (i) $16,499,999.32, (ii) 1% of the Pool Balance at the end of the Collection Period preceding such Distribution Date or (iii) the aggregate principal balance of the Receivables that are delinquent 91 days or more and are not Liquidated Receivables at the end of the Collection Period preceding such Distribution Date; provided, how-
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Related to Specified Credit Enhancement Amount

  • Credit Enhancement means, with respect to this Agreement, any credit enhancement or other credit support arrangement in support of the obligations of the Company hereunder or with respect hereto, including any guarantee, collateral arrangement (including any pledge, charge, mortgage or other security interest in collateral or title transfer arrangement), trust or similar arrangement, letter of credit, transfer of margin, reimbursement obligation or any similar arrangement.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Credit Enhancement Provider means, with respect to any Securities, any person issuing, funding or otherwise making available, for the benefit of Securityholders or any party to a Serviced Corporate Trust Contract, an asset as an enhancement of the credit quality or liquidity of any Securities or the mortgage assets or other assets pledged for or underlying such Securities, such as a letter of credit, surety bond, insurance policy, guaranty, reserve fund pledge or collateral undertaking.