Common use of Determination of Monthly Principal Clause in Contracts

Determination of Monthly Principal. The amount of Monthly Principal distributable with respect to the Certificates on each Distribution Date with respect to an Early Amortization Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that Monthly Principal shall in no event exceed the aggregate outstanding principal balance of the Class A and Class B Certificates.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Bombardier Credit Receivables Corp), Pooling and Servicing Agreement (Bombardier Receivables Master Trust I), Pooling and Servicing Agreement (Bombardier Credit Receivables Corp)

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Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal Principal") distributable with respect to the Series 1996-1 Certificates on each Distribution Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that for each Distribution Date with respect to the Accumulation Period, Monthly Principal shall in no event not exceed the aggregate Controlled Distribution Amount for such Distribution Date; and provided further, however, that Monthly Principal shall not exceed the outstanding principal balance of the Class A and Class B Series 1996-1 Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Deutsche Floorplan Receivables L P)

Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal Principal") distributable with respect to the Series 1996-2 Certificates on each Distribution Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that, for each Distribution Date with respect to the Accumulation Period, Monthly Principal shall not exceed the Controlled Distribution Amount for such Distribution Date; and provided further that Monthly Principal shall in no event not exceed the aggregate outstanding principal balance Invested Amount of the Class A and Class B Series 1996-2 Certificates.

Appears in 1 contract

Samples: Series Supplement (Carco Auto Loan Master Trust)

Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal Principal") distributable with respect to the Series 1995-5 Certificates on each Distribution Date with respect to an Early Amortization Period and the Controlled Amortization Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that Monthly Principal shall in no event exceed the aggregate outstanding principal balance of the Class A and Class B Certificates.that, for each

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust)

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Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal Principal") distributable with respect to the Series 1996-2 Certificates on each Distribution Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that for each Distribution Date with respect to the Accumulation Period, Monthly Principal shall in no event not exceed the aggregate Controlled Distribution Amount for such Distribution Date; and provided further that Monthly Principal shall not exceed the outstanding principal balance of the Class A and Class B Series 1996-2 Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ford Credit Auto Receivables Corp)

Determination of Monthly Principal. The amount of monthly principal ("Monthly Principal Principal") distributable with respect to the Series 1996-1 Certificates on each Distribution Date with respect to an Early Amortization Period and the Accumulation Period shall be equal to the Available Investor Principal Collections with respect to such Distribution Date; provided, however, that, for each Distribution Date with respect to the Accumulation Period, Monthly Principal shall not exceed the Controlled Distribution Amount for such Distribution Date; and provided further that Monthly Principal shall in no event not exceed the aggregate outstanding principal balance Invested Amount of the Class A and Class B Series 1996-1 Certificates.

Appears in 1 contract

Samples: Series Supplement (Carco Auto Loan Master Trust)

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