Allocations of Available Principal Amounts Sample Clauses

Allocations of Available Principal Amounts. With respect to each Monthly Period, the Indenture Trustee based on the Payment Instruction for such Monthly Period will allocate all Available Principal Amounts to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to its Monthly Principal Payment; provided, however, that in the event that Available Principal Amounts for any Monthly Period are less than the aggregate Monthly Principal Payments for all series of Notes, Available Principal Amounts will be allocated to each series of Notes with a Monthly Principal Payment for such Monthly Period in an amount equal to the lesser of (a) the sum of the Daily Principal Amounts for each day during such Monthly Period for such series of Notes and (b) the Monthly Principal Payment for such series of Notes for such Monthly Period for application in accordance with the related Indenture Supplement; provided further, however, that any excess Available Principal Amounts identified in the application of clause (a) of the preceding proviso, or in the application of this proviso, will be allocated to each series of Notes which has not been allocated sufficient Available Principal Amounts to cover its full Monthly Principal Payment up to the amount of such insufficiency pro rata (based on the ratio of the Weighted Average Principal Allocation Amount for such series of Notes for such Monthly Period to the Weighted Average Principal Allocation Amount for all series of Notes with an unpaid Monthly Principal Payment for such Monthly Period) for application in accordance with the related Indenture Supplement.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Allocations of Available Principal Amounts. With respect to each Monthly Period, the Indenture Trustee shall allocate to each Series of Notes its portion of the Available Principal Amount for such Monthly Period in an amount equal to the product of (i) the Series Principal Allocation Percentage for such Series times (ii) the Available Principal Amount for such Monthly Period. Section 5.03. ALLOCATIONS OF INVESTOR DEFAULT AMOUNTS. With respect to each Monthly Period, the Indenture Trustee shall allocate to each Series of Notes its portion of the Investor Default Amounts for such Monthly Period in an amount equal to the product of (i) the Series Floating Allocation Percentage for such Series times (ii) the Investor Default Amount for such Monthly Period. Section 5.04. ALLOCATIONS OF INVESTOR UNCOVERED DILUTION AMOUNTS. With respect to each Monthly Period, the Indenture Trustee shall allocate to each Series of Notes its portion of the Investor Uncovered Dilution Amounts for such Monthly Period in an 46 MASTER INDENTURE amount equal to the product of (i) the Series Floating Allocation Percentage for such Series times (ii) the Investor Uncovered Dilution Amount for such Monthly Period.
Sample 1
Allocations of Available Principal Amounts. A. Available Principal Amounts applicable to Series 2002-B $_______ 3. Components of Series 2002-B Available Principal Amounts A. Available Principal Amount allocated to Series 2002-B .. $_______ B. Pursuant to Section 3.01(d) of Indenture Supplement.....
Sample 1
Allocations of Available Principal Amounts. With ------------------------------------------ respect to each Monthly Period, the Indenture Trustee will allocate all Available Principal Amounts to each series of Notes based on the portion of the Series 2001-_ Monthly Principal Payment (as defined in the Series 2001-_ Supplement) attributable to such series of Notes for application in accordance with the related Indenture Supplement; provided, however, that if Available -------- ------- Principal Amounts with respect to such Monthly Period are less then the Series 2001-_ Monthly Principal Payment, then the Indenture Trustee will allocate all Available Principal Amounts for such Monthly Period to each series of Notes Outstanding pro rata based on the ratio of the Weighted Average Nominal Liquidation Amount of such series of Notes for such Monthly Period to the Weighted Average Nominal Liquidation Amount of all Notes issued by the Issuer backed by the Collateral Certificate for such Monthly Period.
Sample 1

Related to Allocations of Available Principal Amounts

  • Limitation on Aggregate Principal Amount The aggregate principal amount of the Notes shall not be limited. The Company shall not execute and the Trustee shall not authenticate or deliver Notes except as permitted by the terms of the Indenture.

  • Aggregate Principal Amount The aggregate principal amount of the Senior Notes that may be authenticated and delivered under this First Supplemental Indenture shall be unlimited; provided that the Obligor complies with the provisions of this First Supplemental Indenture.

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

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

  • Distributions of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed simultaneously to the Members in proportion to their relative Percentage Interests within forty-five days after the end of such quarter.

  • Designation Amount and Issue of Notes The Notes shall be designated as “Tranche A Zero Coupon Guaranteed Senior Unsecured Convertible Notes”. Notes not to exceed the aggregate principal amount of $50,000,000 (except pursuant to Sections 2.05 and 2.06 hereof) upon the execution of this Indenture, or from time to time thereafter, may be executed by the Company and delivered to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Notes to or upon the written order of the Company, signed by its Chairman of the Board, Chief Executive Officer, President or any Vice President (whether or not designated by a number or numbers or word or words added before or after the title “Vice President”), the Treasurer or any Assistant Treasurer or the Secretary or Assistant Secretary, without any further action by the Company hereunder.

  • Designation and Principal Amount There is hereby authorized and established a new series of Securities under the Base Indenture designated as the “3.500% Senior Notes due 2022,” which is not limited in aggregate principal amount. The initial aggregate principal amount of the 2022 Notes to be issued under this Supplemental Indenture shall be $500,000,000. The 2022 Notes are not Original Issue Discount Securities and were originally issued at a public offering price of 99.649%. Any additional amounts of 2022 Notes to be issued shall be set forth in a Company Order.

  • Allocations of Collections 35 SECTION 10. Payments..................................................................................................47 SECTION 11.

  • Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes At any time that any outstanding Series of certificates issued by the Master Trust provides that the Series Principal Collections allocated to such Series will be deposited into the Group Finance Charge Collections Reallocation Account for the Master Trust to the extent necessary for application to cover shortfalls for other Series issued by the Master Trust, an amount equal to (x) all Series Principal Collections allocated to such Series, multiplied by (y) a fraction, the numerator of which is the sum of the Nominal Liquidation Amounts for each outstanding Tranche of the DiscoverSeries Notes (including these notes) and the denominator of which is (i) the Aggregate Investor Interest for the Master Trust minus (ii) the sum of the Series Investor Interests for all such Series that provide that the Series Principal Collections allocated to such Series will be so deposited, is hereby designated to be included in the Excess Spread Amount and shall be treated as Series Finance Charge Amounts for the DiscoverSeries.

  • Original Class A Percentage The Original Class A Percentage is 96.09547893%

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!