MONTHLY PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION Sample Clauses

MONTHLY PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION. {1} Beginning of period Aggregate Principal Balance Monthly Principal Amounts {2} Collections on Receivables outstanding at end of period {2} {3} Collections on Receivables paid off during period {3} {4} Receivables becoming Liquidated Receivables during period {4} {5} Receivables becoming Purchased Receivables during period {5} {6} Other Receivables adjustments {6} {7} Less amounts allocable to Interest {7} {8} Total Monthly Principal Amounts {9} End of period Aggregate Principal Balance {10} Pool Factor
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MONTHLY PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION. {1} Beginning of period Aggregate Principal Balance {1} Monthly Principal Amounts {2} Collections on Receivables outstanding at end of period {2} {3} Collections on Receivables paid off during period {3} {4} Receivables becoming Liquidated Receivables during period {4} {5} Receivables becoming Purchased Receivables during period {5} {6} Other Receivables adjustments {6} {7} Less amounts allocable to Interest {7} {8} Total Monthly Principal Amounts {8} {9} End of period Aggregate Principal Balance {9} {10} Pool Factor {10} Class A-1 Class A-2 Class A-3 Class B II. MONTHLY PERIOD NOTE BALANCE CALCULATION: {11} Original Note Balance {11} {12} Beginning of period Note Balance {12} {13} Noteholders’ Principal Distributable Amount {13} {14} Noteholders’ Accelerated Principal Amount {14} {15} Aggregate Principal Parity Amount {15} {16} Matured Principal Shortfall {16} {17} End of period Note Balance {17} {18} Note Pool Factors {18} Class C Class D Class E TOTAL {19} Beginning of period Note Balance {19} {20} Noteholders’ Principal Distributable Amount {20} {21} Noteholders’ Accelerated Principal Amount {21} {22} Aggregate Principal Parity Amount {22} {23} Matured Principal Shortfall {23} {24} End of period Note Balance {24} {25} Note Pool Factors {25} III. CALCULATION OF STEP-DOWN AMOUNT: {26} Ending Pool Balance {26} __________ {27} 14.25 % of Ending Aggregate Principal Balance {27} {28} Less Specified Reserve Balance {28} {29} Sum of {27} and {28} {29} {30} Required Pro Forma Note Balance {26} - {29} {30} {31} Beginning Note Balance {31} {32} Total Monthly Principal Amount {32} {33} Pro-Forma Note Balance ( Assuming 100% Pay-down) {33} {34} Excess of Required Pro-forma over Pro-forma Balance {34} {35} Pool Balance minus Pro-forma Note Balance not less than .50% Original Pool Balance ( ) {35} {36} Step-Down Amount Lesser of {34} or {35} {36}
Sample 1
MONTHLY PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION. {1} Beginning of period Aggregate Principal Balance {1} {2} Purchase of Subsequent Receivables {2} Monthly Principal Amounts {3} Collections on Receivables outstanding at end of period {3} {4} Collections on Receivables paid off during period {4} {5} Receivables becoming Liquidated Receivables during period {5} {6} Receivables becoming Purchased Receivables during period {6}
Sample 1

Related to MONTHLY PERIOD RECEIVABLES PRINCIPAL BALANCE CALCULATION

  • Minimum Monthly Principal Payments Amortizing payments of the aggregate principal amount outstanding under this Note at any time (the “Principal Amount”) shall begin on December 1, 2004 and shall recur on the first business day of each succeeding month thereafter until the Maturity Date (each, an “Amortization Date”). Subject to Article 3 below, beginning on the first Amortization Date, the Borrower shall make monthly payments to the Holder on each Repayment Date, each in the amount of $187,500, together with any accrued and unpaid interest to date on such portion of the Principal Amount plus any and all other amounts which are then owing under this Note, the Purchase Agreement or any other Related Agreement but have not been paid (collectively, the “Monthly Amount”). Any Principal Amount that remains outstanding on the Maturity Date shall be due and payable on the Maturity Date.

  • Net Receivables Balance Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

  • Pool Balance 1. Pool Balance on the close of the last day of the preceding Collection Period $

  • ORIGINAL CLASS A NON-PO PRINCIPAL BALANCE The Original Class A Non-PO Principal Balance is $170,009,500.00.

  • Cut-Off Date Aggregate Principal Balance The Cut-Off Date Aggregate Principal Balance is $850,069,757.10

  • Excess Spread; Excess Finance Charge Collections The Servicer shall apply, or shall cause the Trustee to apply by written instruction to the Trustee, on each Distribution Date, Excess Spread and Excess Finance Charge Collections allocated to Series 1997-1 with respect to the related Monthly Period, to make the following distributions or deposits in the following order of priority:

  • 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.

  • Monthly Servicing Report Prior to the Lead Securitization Date, each month, the Servicer shall prepare and shall promptly deliver copies to each of the Holders a report containing the following information:

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,493,405.52.

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

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