Common use of Determination of Principal Amounts Clause in Contracts

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 2000-1 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

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Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20001999-1 2 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Scheduled Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 2000[-1 ] Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable xxxxxxbutable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20002002-1 3 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect to the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Determination of Principal Amounts. (a) The amount of principal xxxxxxxal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20002001-1 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Determination of Principal Amounts. (a) The amount of principal prxxxxxxx (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20002001-1 2 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 2000-1 1999- Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related such Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable disxxxxxxxble from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20002001-1 3 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20001999-1 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20001998-1 3 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related such Transfer Date.

Appears in 1 contract

Samples: Series 1998 (Metris Master Trust)

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Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable xxxxxxbutable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20002002-1 4 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect to the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable disxxxxxxxble from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20002001-1 4 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 20001998-1 2 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related such Transfer Date.

Appears in 1 contract

Samples: Series 1998 (Metris Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 2000-1 3 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Determination of Principal Amounts. (a) The amount of principal (the "Class A Principal") distributable from the Distribution Account or available for deposit into the Principal Funding Account with respect to the Class A Securities for each Distribution Date with respect to the Amortization Period shall be equal to the least of (i) the Available Series 2000-1 2 Principal Collections on deposit in the Principal Account with respect to the related Transfer Date, (ii) for each Distribution Date with respect the Accumulation Period, prior to the payment in full of the Class A Invested Amount and on or prior to the Class A Expected Final Payment Date, the applicable Controlled Deposit Amount for such Transfer Date and (iii) the Class A Adjusted Invested Amount on the related Transfer Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

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