Required Credit Support Amount

Required Credit Support Amount. Required Credit Support Amount" means, the greater of: (a) the product of (i) the Weighted Average Life of the Eligible Contracts as of such date of determination (including any Eligible Contracts to be funded on such date) multiplied by (ii) 3.0 multiplied by (iii) the average of the Annualized Default Ratios on the Securitized Portfolio for the three most recently ended Collection Periods beginning with the calendar quarter ending March 31, 2009; (b) the product of the Aggregate Implicit... Principal Balance of all Eligible Contracts times 11.90%, for all dates on or after February 25, 2010 but prior to April 30, 2010, and 13.00%, for all dates on or after April 30, 2010; or (c) $11,000,000. View More