Principal Ledger Sample Clauses

Principal Ledger. Without prejudice to paragraph 17 below, the Cash Manager shall ensure that: (a) the following amounts shall be credited to the Funding 1 Principal Ledger: (i) all Funding 1 Principal Receipts; and (ii) amounts credited to the Principal Deficiency Ledger under paragraph 5 above and paragraph 17 below; and (b) the following amounts shall be debited to the Funding 1 Principal Ledger: (i) the aggregate amount of principal repaid on the Intercompany Loan Agreement pursuant to paragraph 6 above; and (ii) on each Funding 1 Interest Payment Date, an amount equal to the Funding 1 Income Deficit on such Funding 1 Interest Payment Date.

Principal Ledger. Without prejudice to paragraph 20 below, the Cash Manager shall ensure that:

Principal Ledger. The Cash Manager shall ensure that:

Principal Ledger. The Cash Manager shall ensure that: (a) the following shall be credited to the Principal Ledger: (i) all Principal Receipts; (ii) the proceeds of any Term Advance (where such proceeds have not been applied to acquire New Portfolios, refinance an existing Term Advance or invest in Substitution Assets); (iii) the proceeds received from any sale of Loans to the extent that such proceeds represent principal but excluding principal received under the Covered Bond Swap Agreements; (iv) the amount of any termination payment received from a Swap Provider which is not applied to acquire a replacement for the relevant terminated Swap; (v) any amount to be transferred to the Principal Ledger from the Supplemental Liquidity Reserve Ledger in accordance with paragraph 15 below, and (b) any payment or provision made under the Pre-Acceleration Principal Priority of Payments or made under paragraph 5 above (but only to the extent that such payment made under paragraph 5 has been recorded as a receipt on the Principal Ledger), shall be debited to the Principal Ledger.

Principal Ledger. The Trust Property Cash Manager shall ensure that: (a) the Principal Ledger shall separately reflect all Principal Receipts (excluding enforcement proceeds relating to All Monies Mortgages, to the extent they are provided for in paragraph 9(b) below) standing to the credit of the Mortgages Trustee Transaction Accounts and the VM Mortgages Trustee Account or invested in Permitted Investments from time to time and distribution of the same to the Issuer and the Seller; (b) enforcement proceeds released from the All Monies Mortgage Trust and designated as principal in accordance with paragraph 15 (All Monies Mortgage Enforcement Proceeds Ledger) of this Schedule, shall be recorded as a credit to the Principal Ledger; and (c) on each Trust Calculation Date all amounts debited from the Trust Replenishment Ledger shall be recorded as a credit to the Principal Ledger; (d) any payment or provision made under paragraph 4 herein shall be recorded as a debit to the Principal Ledger.

Principal Ledger. The Cash Manager shall ensure that: (a) the following amounts shall be credited to the Funding 2 Principal Ledger: (i) all Funding 2 Principal Receipts (after application of Funding 2 Principal Receipts towards the Cash Accumulation Requirement); (ii) amounts credited to the Funding 2 Principal Deficiency Ledger under paragraph 26(b) herein; and (b) the following amounts shall be debited to the Funding 2 Principal Ledger: (i) the aggregate amount of principal repaid on the Funding 2 Intercompany Loan Agreements (excluding principal repaid from Funding 2 Principal Receipts, credited to the Funding 2 Cash Accumulation Ledger) pursuant to paragraph 8 (Priority of Payments for Funding 2 Available Principal Receipts) herein, excluding the amount of any principal repaid which is debited to the Funding 2 Cash Accumulation Ledger; (ii) the aggregate amount of Funding 2 Principal Receipts (other than Funding 2 Principal Receipts credited to the Funding 2 Cash Accumulation Ledger) used to meet any deficiency in Funding 2 Available Revenue Receipts.

Principal Ledger. 2.1 Without prejudice to Paragraph 3 (Principal Deficiency Ledger) below, the Cash Manager shall ensure that: (A) it shall record as a credit to the Principal ▇▇▇▇▇▇, the following amounts: (1) all Principal Receipts; (2) the amounts (if any) to be credited to the Principal Deficiency Ledger pursuant to items (E) and/or (G) of the Pre-Enforcement Revenue Priority of Payments on such Interest Payment Date; (3) in respect of any Interest Payment Date following a Determination Period, if the Reconciliation Amount in respect of the relevant Determination Period is a positive number, an amount equal to the absolute value of such Reconciliation Amount, as determined in accordance with Condition 4.3(J) (Determinations and Reconciliation); and (4) any amount standing to the credit of the Pre-Funding Ledger on the Additional Mortgage Portfolio Longstop Date, to the extent not applied by the Issuer to purchase the Additional Mortgage Portfolio on or before such date; (B) it shall record as a debit to the Principal ▇▇▇▇▇▇, the following amounts: (1) amounts equal to the Available Principal Receipts transferred to the Transaction Account to be applied under the Pre-Enforcement Principal Priority of Payments or the Post-Enforcement Priority of Payments (as applicable); (2) the amount of Principal Receipts applied as Principal Deficiency Excess Revenue Amounts pursuant to item (C) of the definition of Available Revenue Receipts; and (3) amounts used to fund any Further Advances granted during the immediately preceding such Collection Period. 2.2 On each Calculation Date, the Cash Manager will calculate the then current balance of the Principal Deficiency Ledger and will apply Available Revenue Receipts to cure any debit entries on the following Interest Payment Date. If, on any Interest Payment Date, the Principal Deficiency Ledger has an aggregate credit balance, for example, as a result of Mortgage Loans in arrears being subsequently found to have been fully or partially cured after Available Revenue Receipts have been applied to cure the Principal deficiency created thereto (the “Principal Deficiency Excess”), an amount of Available Principal Receipts equal to such Principal Deficiency Excess shall form part of the Available Revenue Receipts on such Interest Payment Date, such amounts being Principal Deficiency Excess Revenue Amounts.

Principal Ledger. The Cash Manager shall ensure that: (a) all Principal Receipts are credited to the Principal Ledger; and (b) any payment or provision made under paragraph 4 )Priority of Payments for Mortgages Trust Available Principal Receipts) above are debited to the Principal Ledger; and (c) any principal amounts which cannot be withdrawn from the Mortgages Trustee GIC Account while such amounts are collateralised pursuant to clause 4.12 (Collateral Posting) of the Cash Management Agreement (including, without limitation, in the event of a moratorium on insolvency, bank insolvency, administration or bank administration of the Mortgages Trustee Account Bank or Santander UK being unable to pay these amounts) cease to constitute Mortgages Trust Available Principal Receipts and are debited to the Principal Ledger.