Investor Default Amount

Investor Default Amount. Shall mean, (i) with respect to any Allocation Day during a Collection Period, an amount equal to the product of (a) the Default Amount recognized by the Servicer on such Allocation Day or, as required by the context, an amount equal to the sum of such amount plus such amount for each prior Allocation Day during such Collection Period, (b) the Floating Allocation Percentage for the Related Collection Period... and (c) the Series 1999- 1 Allocation Percentage applicable to the allocation of Default Amounts on such Allocation Day, and (ii) with respect to any Distribution Date, an amount equal to the aggregate amount allocated as Investor Default Amounts on each day during the related (or, as applicable, such) Collection Period. View More