Calculation of Notional Principal Amount. (a) Solely for the purpose of calculating the Class I Monthly Interest, the Certificate Balance will be divided into, and equal the sum of, two principal components: (i) the "PAC Component" and (ii) the "Companion Component." The PAC Component shall initially equal the Original Notional Principal Amount.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Uacsc 1997-a Auto Trust), Pooling and Servicing Agreement (Uacsc 1997-D Auto Trust), Pooling and Servicing Agreement (Uacsc 1996-D Auto Trust)
Calculation of Notional Principal Amount. (a) Solely for the purpose of calculating the Class I Monthly Interest, the Certificate Balance will be divided into, and equal the sum of, two principal components: (i) the "PAC Component" and (ii) the "Companion Component." The PAC Component shall initially equal the Original Notional Principal AmountAmount and will equal the Notional Principal Amount on each Distribution Date thereafter.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Uacsc 1998-a Auto Trust)
