Aggregate Required Amortization Amount

Aggregate Required Amortization Amount. As of any Payment Date on or after the Conversion Date, if no Early Amortization Event has occurred and is continuing on such Payment Date, an amount equal to the excess, if any, of (1) the sum of (A) the product of (i) ninety-percent (90%) and (ii) all Engine Revenues actually received by, or on behalf of, the Issuer during the related Collection Period with respect to the Series 2002-1 Engines (other than Engines constituting Excess Assets) and (B) the product of (x) a fraction, expressed as... a percentage, the numerator of which shall equal the Aggregate Note Principal Balance (prior to giving effect to any payments of principal on such Payment Date) and the denominator of which shall equal the sum of the Net Book Values of all Series 2002-1 Engines (other than Engines constituting Excess Assets) (calculated as of the last day of the immediately preceding month) and (y) the greater of (i) the sum of the Net Book Values of all Series 2002-1 Engines (other than Engines constituting Excess Assets) sold during the related Collection Period (which Net Book Values will be determined as of the last day of the month immediately preceding such sale), and (ii) the aggregate Sales Proceeds of all Series 2002-1 Engines (other than Engines constituting Excess Assets) sold during the related Collection Period, over (2) the sum of the amounts paid pursuant to clauses (A) through (G) inclusive, (I), and (J) of Section 3.2(I) of the Series 2002-1 Supplement on any such Payment Date with funds then on deposit in the Series 2002-1 Series Account and any other funds available for application to the Series 2002-1 Notes. View More