Allocation of Principal Payments Sample Clauses

Allocation of Principal Payments to the Group 1 Senior and the Group 2 Certificates. (a) All principal distributions to the holders of the Senior Certificates on any Distribution Date will be allocated concurrently between the Group 1 Senior Certificates and the Group 2 Senior Certificates, based on their respective Class A Principal Allocation Percentages for that Distribution Date. Any payments of principal to the Group 1 Senior Certificates will first be made from payments relating to the Group 1 Mortgage Loans and any payments of principal to the Group 2 Senior Certificates will first be made from payments relating to the Group 2 Mortgage Loans. (b) Subject to Section 5.03(c) hereof, on each Distribution Date distributions to the Group 1 Senior Certificates and the Group 2 Senior Certificates will be made concurrently, as follows: (i) Distributions to the Group 1 Senior Certificates. Subject to Section 5.03(c) hereof, on each Distribution Date distributions to the Group 1 Senior Certificates will be made sequentially, in the following order of priority: A. Subject to Section 5.03(c) hereof, on each Distribution Date on which a Sequential Trigger is not in effect the Group 1 Senior Principal Allocation Amount will be distributed to the Group 1 Senior Certificates sequentially, in the following order of priority: 1. concurrently, to the Class 1-A-3-SS and Class 1-A-3-M Certificates, pro rata, the lesser of: (x) the Group 1 Priority Amount, and (y) 98.00% of the Group 1 Senior Principal Allocation Amount, until their respective Class Principal Balances are reduced to zero; 2. to the Class 1-A-1 Certificates, in an amount up to $1,000 on each Distribution Date, until its Class Principal Balance is reduced to zero; 3. concurrently, to the Class 1-A-2-SS and Class 1-A-2-M Certificates, pro rata, in an amount up to $952,500 on each Distribution Date, until their respective Class Principal Balances are reduced to zero; 4. to the Class 1-A-1 Certificates, until its Class Principal Balance is reduced to zero; 5. concurrently, to the Class 1-A-2-SS and Class 1-A-2-M Certificates, pro rata, until their respective Class Principal Balances are reduced to zero. 6. concurrently, to the Class 1-A-3-SS and Class 1-A-3-M Certificates, pro rata, without regard to the Group 1 Priority Amount, until their respective Class Principal Balances are reduced to zero. B. Subject to Section 5.03(c) hereof, on each Distribution Date on which a Sequential Trigger is in effect the Group 1 Senior Principal Allocation ...
Sample 1
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Allocation of Principal Payments to the Offered Notes and the Variable Funding Notes. (a) Payments made to the holders of the Group I Notes and the Group II Notes on each Payment Date with respect to the Principal Collection Distribution Amount, the Liquidation Loss Amount and the Overcollateralization Increase Amount shall be distributed solely from the Interest Collections and Principal Collections for Group I and Group II, respectively, until the Note Balances of the Group I Notes in the aggregate and the Group II Notes in the aggregate have been reduced to zero. (b) Payments of principal that are allocated to the Group I Notes will be paid to the Class IA-1 Notes and the Variable Funding Notes pro rata based on the outstanding Note Balance or Variable Funding Balance, as applicable, thereof until paid in full. Payments of principal that are allocated to the Group II Notes will be paid sequentially (commencing with the Class IIA-1 Notes, as applicable until the Note Balance of such Class has been reduced to zero) within the Group II Notes. (c) Payments to the holders of the Non-Offered Subordinate Notes (other than the Class IIX-IO Notes) and Certificates on each Payment Date will be equal to the amount of remaining funds in the Trustee Collection Account under clauses (vi) and (xi) of Section 3.05(a) and clauses (ix) and (xv) of Section 3.05(b). Payment of such aggregate amount on each Payment Date will be made to the Holder of the Non-Offered Subordinate Notes (other than the Class IIX-IO Notes) as follows: first, to the Class X-1 Note, solely as a payment of principal, until the Class X-1 Note Balance has been reduced to $0, and thereafter, to the Class X-2A and Class X-2B Notes in the proportion of 20% and 80%, respectively, of the aggregate amount to be paid on each Payment Date. No payment of any portion of such aggregate amount will be made to the Holder of the Certificate on any Payment Date.
Sample 1
Allocation of Principal Payments to the Group 1 Senior and the Group 2 Certificates. (a) All principal distributions to the holders of the Senior Certificates on any Distribution Date will be allocated concurrently between the Group 1 Senior Certificates and the Group 2 Senior Certificates, based on their respective Class A Principal Allocation Percentages for that Distribution Date. Any payments of principal to the Group 1 Senior Certificates will first be made from payments relating to the Group 1 Mortgage Loans and any payments of principal to the Group 2 Senior Certificates will first be made from payments relating to the Group 2 Mortgage Loans. (b) Subject to Section 5.03(c) hereof, on each Distribution Date distributions to the Group 1 Senior Certificates and the Group 2 Senior Certificates will be made concurrently, as follows: (i) Distributions to the Group 1 Senior Certificates. Subject to Section 5.03(c) hereof, on each Distribution Date distributions to the Group 1 Senior Certificates will be made sequentially, in the following order of priority:
Sample 1
Allocation of Principal Payments to Class 1-A Certificates. Any principal distributions allocated to the Class 1 A Certificates are required to be allocated concurrently as follows: (i) 38.1870813798% to the Class 1-A-1 Certificates, until its Class Principal Balance is reduced to zero; and (ii) 61.8129186202% sequentially, to the Class 1-A-2, Class 1-A-3, Class 1-A-4 and Class 1-A-5 Certificates, in the following order of priority: 1. sequentially, to the Class 1-A-2 and Class 1-A-3 Certificates, in that order, until their respective Class Principal Balances are reduced to zero; and 2. concurrently, to the Class 1-A-4 and Class 1-A-5 Certificates, pro rata, until their respective Class Principal Balances are reduced to zero; provided, however that if a Group 1-A Sequential Trigger Event is in effect, the principal distributions to the Class 1-A-4 and Class 1-A-5 Certificates will be allocated sequentially, to the Class 1-A-4 and Class 1-A-5 Certificates, in that order, until their respective Class Principal Balances are reduced to zero. Notwithstanding the allocation of principal to the Class 1-A Certificates described above, from and after the Distribution Date on which the aggregate Class Principal Balances of the Group 1 Subordinated Certificates and the Class Principal Balance of the Class OC Certificates have been reduced to zero, any principal distributions allocated to the Class 1-A Certificates are required to be allocated pro rata among the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4 and Class 1-A-5 Certificates, until their respective Class Principal Balances have been reduced to zero, with the exception that if a Sequential Trigger Event is in effect, principal distributions to the Class 1-A-4 and Class 1-A-5 Certificates shall be allocated sequentially, to the Class 1-A-4 and Class 1-A-5 Certificates, in that order, until their respective Class Principal Balances are reduced to zero.
Sample 1
Allocation of Principal Payments. 38 SECTION 3.04. Conditions to First Borrowing.....................................................................39 SECTION 3.05. Conditions to All Borrowings......................................................................40
Sample 1
Allocation of Principal Payments. At the time of any paydown of outstanding principal of the Loans (a "Principal Paydown"), the Borrower shall provide to the Administrative Agent an allocation of such Principal Paydown among the various categories or sub- lines for which principal amounts are outstanding. Such allocation shall be pursuant to the standard form attached hereto as Exhibit J. The Administrative Agent shall be entitled to review and confirm such allocation, and in the event of a dispute as to such amounts and such calculation, the Administrative Agent's determination as to such matters shall be conclusive. Such allocation of Principal Paydowns shall be subject to the following conditions: 1. Certain categories and sublimits are not mutually exclusive. For example, a Development Hotel located in Montana is to be included in both the Development Sub-Line calculation [Section 2.03(b).] and the geographical proximity limitation [Section 2.03(d)(i)]. To the extent that a draw has been so "double counted" under such sub-lines or categories, a Principal Paydown with respect to such a draw shall be likewise "double counted." 2. Any Principal Paydown allocation made by the Borrower as to Hotels shall be made on a hotel-by-hotel basis, and, to the extent possible, the Borrower shall be required to allocate a Principal Paydown to all draws for one Hotel before making an allocation for draws for another Hotel. The Borrower cannot allow more than one Hotel to have partial outstanding draws allocated to it. The Borrower may elect to allocate all or any portion of a Principal Paydown to the Working Capital Sub-Line or the Swing Line, and is not required to repay such a sub-line in its entirety with a Principal Paydown prior to allocating the balance of a Principal Paydown to a Hotel. Where, for example, $10 million has been drawn down and is still outstanding with respect to the Montana Development Hotel mentioned above, but only $5 million of the Development Sub- Line is then allocated to such Hotel (pursuant to a reduction in the Development Sub-Line for such Hotel based on Net Operating Income of such Hotel), if the Borrower elects to allocate a portion of a $11 million Principal Paydown to such Hotel, the Borrower could (i) allocate $10 million of the Principal Paydown to such Hotel and allocate the residue to another Hotel or purpose (e.g., Swing Line or Working Capital Sub-Line) or (ii)
Sample 1

Related to Allocation of Principal Payments

  • Allocation of Principal Rights 1. Unless the Performer shall have notified DARPA, in accordance with subparagraph B.2 below, that the Performer does not intend to retain title, the Performer shall retain the entire right, title, and interest throughout the world to each subject invention consistent with the provisions of this Article. 2. With respect to any subject invention in which the Performer retains title, DARPA shall have a nonexclusive, nontransferable, irrevocable, paid-up license to practice or have practiced on behalf of the United States the subject invention throughout the world.

  • Payment of Principal, Premium and Interest The Company covenants and agrees for the benefit of each series of Securities that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture.

  • Payments of Principal If an Early Amortization Period has not begun, on the Expected Final Payment Date, or on each Payment Date for an Early Amortization Period, and if the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will withdraw an amount up to the aggregate Note Balance of Series 20 - from the Series 20 - Principal Funding Account for payment in the following order of priority: (i) to the Noteholders of [the][each Class of] Class A Notes, [pro rata based on the principal amount of each Class of Class A Notes,] until the Note Balance of [the][each Class of] Class A Notes is reduced to zero, (ii) to the Noteholders of Class B Notes, until the Note Balance of the Class B Notes is reduced to zero, (iii) to the Noteholders of the Class C Notes, until the Note Balance of the Class C Notes is reduced to zero and (iv) to the Noteholders of the Class D Notes, until the Note Balance of the Class D Notes is reduced to zero.

  • Allocations of Principal Collections The Servicer shall allocate to the Series 1997-1 Certificateholders the following amounts as set forth below:

  • Distributions of Principal On each Payment Date, the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) pay any amounts allocated to principal under Section 8.2(c) in the following order of priority, in each case, applied pro rata according to the Note Balance of the Notes of that Class: (i) first, to the Noteholders of Class A-1 Notes in payment of principal until the Note Balance of the Class A-1 Notes has been reduced to zero; (ii) second, to the Noteholders of Class A-2a and Class A-2b Notes, pro rata based on the respective Note Balances, in payment of principal until the Note Balance of the Class A-2a and Class A-2b Notes has been reduced to zero; (iii) third, to the Noteholders of Class A-3 Notes, in payment of principal until the Note Balance of the Class A-3 Notes has been reduced to zero; (iv) fourth, to the Noteholders of Class A-4 Notes, in payment of principal until the Note Balance of the Class A-4 Notes has been reduced to zero; (v) fifth, to the Noteholders of Class B Notes in payment of principal until the Note Balance of the Class B Notes has been reduced to zero; (vi) sixth, to the Noteholders of Class C Notes in payment of principal until the Note Balance of the Class C Notes has been reduced to zero; and (vii) seventh, to the holder of the Residual Interest), any remaining amounts.

  • Payment of Principal, Premium, if any, and Interest The Company covenants and agrees for the benefit of the Holders of the Securities that it will duly and punctually pay the principal of and any premium and interest (including any Additional Interest) on the Securities in accordance with the terms of the Securities and this Indenture.

  • Payment of Principal Premium, if any, and Interest; ---------------------------------------------------- Interest on Overdue Principal and Premium, if any; Principal, Premium and ------------------------------------------------------------------------- Interest Rights Preserved. (a) The Notes shall accrue interest as provided in -------------------------- the form of the Note attached to the related Series Supplement which shall be substantially in the form of a Note set forth in Exhibit B hereto, at the applicable Note Interest Rate specified therein, and such interest shall be payable on each Payment Date as specified therein. Any installment of interest, principal or premium, if any, payable on any Note which is punctually paid or duly provided for by the Note Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date for such Payment Date, by check mailed first- class, postage prepaid to such Person's address as it appears on the Note Register on such Record Date or in such other manner as may be provided in the related Series Supplement, except that with respect to Notes registered on the Record Date in the name of the Certificate Trustee payments will be made by wire transfer in immediately available funds to the account designated by the Certificate Trustee and except for the final installment of principal and premium, if any, payable with respect to such Note on a Payment Date which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03 hereof. (b) The principal of each Note of each Series (and, if applicable, Class) shall be payable in installments on each Payment Date specified in the form of a Note attached to the related Series Supplement in the form of a Note set forth in Exhibit B hereto. Notwithstanding the foregoing, the entire unpaid principal amount of the Notes of a Series shall be due and payable, if not previously paid, on the date on which an Event of Default shall have occurred and be continuing with respect to such Series, if the Note Trustee or the Holders of the Notes representing not less than a majority of the Outstanding Amount of the Notes of all Series have declared the Notes to be immediately due and payable in the manner provided in Section 5.02. All payments of principal and premium, if any, on the Notes of any Series shall be made pro rata to the Noteholders entitled thereto. The Note Trustee shall notify the Person in whose name a Note is registered at the close of business on the Record Date preceding the Payment Date on which the Note Issuer expects that the final installment of principal of and premium, if any, and interest on such Note will be paid. Such notice shall be mailed no later than five days prior to such final Payment Date and shall specify that such final installment will be payable only upon presentation and surrender of such Note and shall specify the place where such Note may be presented and surrendered for payment of such installment. Notices in connection with redemptions of Notes shall be mailed to Noteholders as provided in Section 10.02. (c) If the Note Issuer defaults in a payment of interest on the Notes of any Series when due, the Note Issuer shall pay such defaulted interest (plus interest on such defaulted interest at the applicable Note Interest Rate to the extent lawful). The Note Issuer may pay such defaulted interest (plus interest on such defaulted interest) to the Persons who are Noteholders on a subsequent special record date, which date shall be at least five Business Days prior to the payment date. The Note Issuer shall fix or cause to be fixed any such special record date and payment date, and, at least 20 days before any such special record date, the Note Issuer shall mail to each affected Noteholder a notice that states the special record date, the payment date and the amount of defaulted interest (plus interest on such defaulted interest) to be paid.

  • Repayment of Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • LOANS AND PAYMENTS OF PRINCIPAL Date Amount of Type of Loan Amount of Maturity Date Notation Made Loan Principal By Repaid ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------ EXHIBIT B Form of Money Market Quote Request [Date] To: Xxxxxx Guaranty Trust Company of New York (the "Agent") From: U S WEST Capital Funding, Inc. Re: 364-Day Credit Agreement (the "Credit Agreement") dated as of May 8, 1998 among U S WEST Capital Funding, Inc., U S WEST, Inc., USW-C, Inc., the Banks listed on the signature pages thereof, the other agents named therein and the Agent We hereby give notice pursuant to Section 2.03 of the Credit Agreement that we request Money Market Quotes for the following proposed Money Market Borrowing(s): Date of Borrowing: __________________ Principal Amount1 Interest Period2 $ Such Money Market Quotes should offer a Money Market [Margin] [Absolute Rate]. [The applicable base rate is the London Interbank Offered Rate.] Terms used herein have the meanings assigned to them in the Credit Agreement. -------- 1Amount must be $25,000,000 or a larger multiple of $5,000,000. 2Not less than one month (LIBOR Auction) or not less than 7 days (Absolute Rate Auction), subject to the provisions of the definition of Interest Period. Terms used herein have the meanings assigned to them in the Credit Agreement. U S WEST CAPITAL FUNDING, INC. By________________________ Title: EXHIBIT C Form of Invitation for Money Market Quotes To: [Name of Bank] Re: Invitation for Money Market Quotes to U S WEST Capital Funding, Inc. (the "Borrower") Pursuant to Section 2.03 of the 364-Day Credit Agreement dated as of May 8, 1998 among U S WEST Capital Funding, Inc., U S WEST, Inc., USW-C, Inc., the Banks parties thereto, the other agents named therein and the undersigned, as Administrative Agent, we are pleased on behalf of the Borrower to invite you to submit Money Market Quotes to the Borrower for the following proposed Money Market Borrowing(s): Date of Borrowing: __________________ Principal Amount Interest Period $ Such Money Market Quotes should offer a Money Market [Margin] [Absolute Rate]. [The applicable base rate is the London Interbank Offered Rate.] Please respond to this invitation by no later than [10:30 A.M.] [9:15 A.M.] (New York City time) on [date]. XXXXXX GUARANTY TRUST COMPANY OF NEW YORK, as Administrative Agent By______________________________ Authorized Officer EXHIBIT D Form of Money Market Quote To: Xxxxxx Guaranty Trust Company of New York, as Administrative Agent (the "Agent")

  • Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges Borrower will pay each Periodic Payment when due. Borrower will also pay any prepayment charges and late charges due under the Note, and any other amounts due under this Security Instrument. Payments due under the Note and this Security Instrument must be made in U.S. currency. If any check or other instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (d) Electronic Fund Transfer. Payments are deemed received by Lender when received at the location designated in the Note or at such other location as may be designated by Lender in accordance with the notice provisions in Section 16. Lender may accept or return any Partial Payments in its sole discretion pursuant to Section 2. Any offset or claim that Borrower may have now or in the future against Lender will not relieve Borrower from making the full amount of all payments due under the Note and this Security Instrument or performing the covenants and agreements secured by this Security Instrument.

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