Payment of Principal Collections Sample Clauses

Payment of Principal Collections. Except on the Payment Date in the month specified in the Adoption Annex, on each Payment Date, the Indenture Trustee shall distribute out of the Collection Account to the Holders of the Notes the Principal Collections up to the Scheduled Principal Collections Payment Amount but not in excess of the Note Principal Balance. On the Payment Date in the month specified in the Adoption Annex, the Indenture Trustee shall distribute to the Holders of the Notes the Principal Collections up to the Note Principal Balance.
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Payment of Principal Collections. Except on the Scheduled Maturity Date, on each Payment Date, the Indenture Trustee shall distribute out of the Payment Account to the Holders of the Principal Amount Notes the Investor Principal Collections to the extent required to meet the Required Transferor Subordinated Amount. On each Payment Date on or after the occurrence of a Rapid Amortization Event the Indenture Trustee shall distribute out of the Payment Account to the Holders of the Principal Amount Notes the Investor Principal Collections until the Note Principal Balance is reduced to zero. On the Scheduled Maturity Date the Indenture Trustee shall distribute to the Holders of the Principal Amount Notes all Principal Collections up to the Note Principal Balance. In addition to Investor Principal Collections, on the Payment Date after the end of the Funding Period, any amount deposited in the Additional Loan Account not used during the first Collection Period to purchase Additional Home Equity Loans will be distributed to the Holders of the Principal Amount Notes in reduction of the Note Principal Balance.
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Payment of Principal Collections. On each Payment Date, the Indenture Trustee shall pay Investor Principal Collections out of the Payment Account to the Holders of each Class of Principal Amount Notes as follows:
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Payment of Principal Collections. Except on the Payment Date in the month specified in the Adoption Annex, on each Payment Date, the Indenture Trustee shall distribute out of the Payment Account to the Holders of each Class of Principal Amount Notes the Investor Principal Collections for the related Loan Group to the extent required to meet its related Required Transferor Subordinated Amount and, if after allocation of unrelated Investor Principal Collections for the unrelated Loan Group the unrelated Required Transferor Subordinated Amount is not met, to the unrelated Class of Principal Amount Notes until its Required Transferor Subordinated Amount is met. On each Payment Date after the occurrence of a Rapid Amortization Event the Indenture Trustee shall distribute out of the Payment Account to the Holders of each Class of Principal Amount Notes the Investor Principal Collections for the related Loan Group until its Note Principal Balance is reduced to zero and, if after allocation of unrelated Investor Principal Collections for the unrelated Loan Group the Note Principal Balance of the unrelated Class of Principal Amount Notes is greater than zero, to the unrelated Class of Principal Amount Notes until its Note Principal Balance is reduced to zero. On the Payment Date in the month specified in the Adoption Annex, the Indenture Trustee shall distribute to the Holders of each Class of Principal Amount Notes all Principal Collections from the related Loan Group up to the related Note Principal Balance and then, if not paid in full, from the unrelated Loan Group up to the related Note Principal Balance. In addition to Investor Principal Collections, on the Payment Date after the end of the Funding Period, any amount deposited in an Additional Loan Account not used during the first Collection Period to purchase Additional Home Equity Loans will be distributed to the holders of the related class of Principal Amount Notes as a prepayment of principal.
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Payment of Principal Collections. Except on the Payment Date in the month specified in the Adoption Annex, on each Payment Date, the Indenture Trustee shall distribute out of the Payment Account to the Holders of each Group of Notes the Investor Principal Collections for the related Loan Group (in the case of the Class 2-A Notes, pro rata between the Class 2-A-1A and Class 2-A-1B Notes) to the extent required to meet its related Required Transferor Subordinated Amount but not in excess of the related aggregate Note Principal Balance and, if after allocation of unrelated Investor Principal Collections for the unrelated Loan Group the unrelated Required Transferor Subordinated Amount is not met, to the unrelated Group of Notes until its Required Transferor Subordinated Amount is met. On the Payment Date in the month specified in the Adoption Annex, the Indenture Trustee shall distribute to the Holders of each Group of Notes all Principal Collections from the related Loan Group (in the case of the Class 2-A Notes, pro rata between the Class 2-A-1A and Class 2-A-1B Notes) up to the related aggregate Note Principal Balance and then, if not paid in full, from the unrelated Loan Group up to the related aggregate Note Principal Balance. In addition to Investor Principal Collections, on the Payment Date after the end of the Funding Period, any amount deposited in an Additional Loan Account not used during the first Collection Period to purchase Additional Home Equity Loans will be distributed to the Holders of the related Group of Notes (in the case of the Class 2-A Notes, pro rata between the Class 2-A-1A and Class 2-A-1B Notes) as a prepayment of principal.
Sample 1
Payment of Principal Collections. Section 4.05 is modified to add the following at the end thereof: PAYMENT AND DEPOSIT OF PRINCIPAL COLLECTIONS WITH RESPECT TO THE SERIES 1997-1 INVESTOR CERTIFICATES. DAILY PAYMENTS AND DEPOSITS
Sample 1
Payment of Principal Collections. With respect to each Series, unless otherwise specified in the related Supplement:
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Related to Payment of Principal Collections

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

  • Prepayment of Principal Mandatory prepayments of principal, if any, of each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement, if not otherwise described herein.

  • Payments of Principal If an Early Amortization Period has not begun, on the Expected Final Payment Date, or on each Payment Date for an Early Amortization Period, and if the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will withdraw an amount up to the aggregate Note Balance of Series 20 - from the Series 20 - Principal Funding Account for payment in the following order of priority: (i) to the Noteholders of [the][each Class of] Class A Notes, [pro rata based on the principal amount of each Class of Class A Notes,] until the Note Balance of [the][each Class of] Class A Notes is reduced to zero, (ii) to the Noteholders of Class B Notes, until the Note Balance of the Class B Notes is reduced to zero, (iii) to the Noteholders of the Class C Notes, until the Note Balance of the Class C Notes is reduced to zero and (iv) to the Noteholders of the Class D Notes, until the Note Balance of the Class D Notes is reduced to zero.

  • Distributions of Principal On each Payment Date, the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) pay any amounts allocated to principal under Section 8.2(c) in the following order of priority, in each case, applied pro rata according to the Note Balance of the Notes of that Class:

  • 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.

  • Repayment of Principal Except as otherwise provided herein, the Company will repay the outstanding principal amount of this Note within fourteen (14) Business Days of the Offering Funding Date (the “Maturity Date”). This Note does not bear interest. At the option of the Lender, funds available for repayment of the loan may be held in a Company account, interest free, after the Maturity Date. Such funds shall not be used or otherwise pledged until such time as the Company and Lender have entered into another note.

  • Payment of Principal Premium, if any, and Interest; Interest on Overdue Principal; Principal, Premium, if any, and Interest Rights Preserved.

  • Collection of Mortgage Loan Payments; Collection Account; Distribution Account (a) The Master Servicer shall enforce the obligation of the Servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with the applicable Servicing Agreement and the terms and provisions of any related Required Insurance Policy.

  • Application of Available Finance Charge Collections and Available Principal Collections On or before each Transfer Date, the Servicer shall instruct the Indenture Trustee in writing (which writing shall be substantially in the form of Exhibit B) to withdraw and the Indenture Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or related Distribution Date, as applicable, to the extent of available funds, the amount required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account as follows:

  • Shared Principal Collections Subject to Section 4.04 of the Agreement, Shared Principal Collections for any Distribution Date will be allocated to Series 2019-3 in an amount equal to the product of (x) the aggregate amount of Shared Principal Collections with respect to all Principal Sharing Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 2019-3 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all the Series which are Principal Sharing Series for such Distribution Date. The “Series 2019-3 Principal Shortfall” will be equal to (a) for any Distribution Date with respect to the Revolving Period, zero, (b) for any Distribution Date with respect to the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount with respect to such Distribution Date over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections), and (c) for any Distribution Date with respect to the Early Amortization Period, the excess, if any, of the Invested Amount over the amount of Available Principal Collections for such Distribution Date (excluding any portion thereof attributable to Shared Principal Collections).

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