Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R and Class A-RL Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-1 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 53.14% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-2 Pass-Through Rate: With respect to the initial Interest Accrual Period (a) on or prior to the Optional Termination Date, the lesser of (i) 5.5906% per annum and (ii) the Net Funds Cap, and (b) after the Optional Termination Date, the lesser of (i) 6.0906% per annum and (ii) the Net Funds Cap.
Principal Payment Amount. 29 TABLE OF CONTENTS (continued)
Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event has not occurred with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the Class Principal Balance of the Class III-A-1 Certificates, after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class III-M-1 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 94.50% and (ii) the Aggregate Loan Group Balance for Loan Group III for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Loan Group Balance for Loan Group III for such Distribution Date exceeds (ii) 0.50% of the Aggregate Loan Group Balance of Loan Group III as of the Cut-off Date.
Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R, Class A-RL, Class M-1, Class M-2, Class M-3 and Class M-4 Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-5 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 76.12% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-6 Pass-Through Rate: With respect to the initial Interest Accrual Period (a) on or prior to the Optional Termination Date, the lesser of (i) 5.7216% per annum and (ii) the Net Funds Cap, and (b) after the Optional Termination Date, the lesser of (i) 6.2216% per annum and (ii) the Net Funds Cap.
Principal Payment Amount. With respect to any Note owned by a Lender, (A) for each Principal Payment Date (other than the Maturity Date), an amount equal to such Lender’s pro rata share of an amount equal to the product of (x) 2.00% and (y) the Total Commitment on the Closing Date, and (B) for the Maturity Date, the then unpaid Principal Balance of such Note, in each case as such amounts in (A) and (B) may be reduced from time to time pursuant to Section 3.2.4 hereof as a consequence of any principal prepayments made hereunder. The Principal Payment Amount due on any Principal Payment Date is in addition to any prepayment required pursuant to the provisions of Section 3.2 hereof.
Principal Payment Amount. Initial Overcollateralization Amount Target Overcollateralization Amount Total Note Balance after Priority of Payments Steps vi and viii Scheduled Investor Principal Amount
Principal Payment Amount. For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R, Class A-RL, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-7 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 82.93% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-8 Pass-Through Rate: With respect to the initial Interest Accrual Period (a) on or prior to the Optional Termination Date, the lesser of (i) 5.9694% per annum and (ii) the Net Funds Cap, and (b) after the Optional Termination Date, the lesser of (i) 6.4694% per annum and (ii) the Net Funds Cap. Class M-8 Principal Payment Amount: For any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect with respect to such Distribution Date, will be the amount, if any, by which (x) the sum of (i) the aggregate Class Principal Balance of the Class A-1, Class A-2A, Class X-0X, Xxxxx X-0, Class A-4, Class P, Class A-R, Class A-RL, Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates after giving effect to payments on such Distribution Date and (ii) the Class Principal Balance of the Class M-8 Certificates immediately prior to such Distribution Date exceeds (y) the lesser of (A) the product of (i) 85.59% and (ii) the Aggregate Collateral Balance for such Distribution Date and (B) the amount, if any, by which (i) the Aggregate Collateral Balance for such Distribution Date exceeds (ii) 0.50% of the Aggregate Collateral Balance as of the Cut-off Date. Class M-9A Pass-Through Rate: With respect to the initial Interest Accrual Period, based on a LIBOR determination date of September 28, 2005, 5.64063% per annum. With respect to any Interest Accrual Period thereafter, will be a per annum rate equal to the lesser of (i) the sum of LIBOR plus the related Certificate Margin and (ii) the Net Funds Cap. Class M-9 Principal ...
Principal Payment Amount. 35 TABLE OF CONTENTS (continued) Page ---- Principal Prepayment....................................................35
Principal Payment Amount. For each Principal Payment Date the portion of principal balance of the Term Loans payable on such Principal Payment Date in accordance with Section 3.1 hereof. The Principal Payment Amount due on any Principal Payment Date is in addition to any prepayment required pursuant to the provisions of Section 3.2 hereof.
Principal Payment Amount. 36 Principal Prepayment..........................................................................37 Principal Prepayment Amount...................................................................37
