Principal Collections. (a) The "Series 2000-1 Excess Principal Collections," with respect to any Distribution Date, shall mean Excess Principal Collections for all Series for such Distribution Date in an amount equal to the lesser of (a) the Series 2000-1 Principal Shortfall, if any, for such Distribution Date and (b) an amount equal to the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 2000-1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bombardier Receivables Master Trust I), Pooling and Servicing Agreement (Bombardier Credit Receivables Corp)
Principal Collections. (a) The "Series 20001997-1 Excess Principal Collections," with respect to any Distribution Date, shall mean Excess Principal Collections for all Series for such Distribution Date in an amount equal to the lesser of (a) the Series 20001997-1 Principal Shortfall, if any, for such Distribution Date and (b) an amount equal to the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 20001997-1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bombardier Credit Receivables Corp)
Principal Collections. (a) The "Series 20002002-1 Excess Principal Collections," with respect to any Distribution Date, shall mean Excess Principal Collections for all Series for such Distribution Date in an amount equal to the lesser of (a) the Series 20002002-1 Principal Shortfall, if any, for such Distribution Date and (b) an amount equal to the product of (x) Excess Principal Collections for all Series for such Distribution Date and (y) a fraction, the numerator of which is the Series 20002002-1 Principal Shortfall for such Distribution Date and the denominator of which is the aggregate amount of Principal Shortfalls for all Series for such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bombardier Credit Receivables Corp)
