ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date occurring on or after the Accelerated Principal Commencement Date, the amount which would remain on deposit in the Payment Account for such Distribution Date after giving effect to distributions pursuant to Section 4.03(i) through (viii) of this Agreement without regard to the inclusion of such amount as part of the Note Principal Distributable Amount. The Accelerated Principal Distributable Amount shall be included in the Note Principal Distributable Amount until all of the Notes have been paid in full.
ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date, an amount equal to the lesser of (i) the sum of one-twelfth of _____% of the Aggregate Scheduled Balance as of the first day of each month of the Due Period relating to such Distribution Date and (ii) amounts remaining on deposit in the Collection Account for such Distribution Date after giving effect to the distributions pursuant to Section 5.05(a) without regard to the inclusion of such amount as part of the Note Principal Distributable Amount or the Certificate Principal Distributable Amount, as the case may be. The Accelerated Principal Distributable Amount shall be allocated and distributed as follows: (i) on each Distribution Date to but excluding the Distribution Date on which the principal amount of the Class A-4 Notes has been reduced to zero, to the Note Distribution Account; (ii) on the Distribution Date on which the principal amount of the Class A-4 Notes is reduced to zero, (A) to the Note Distribution Account in the amount necessary to reduce the principal amount of the Class A-4 Notes to zero and (B) to the Certificate Distribution Account, any remaining portion; and (ii) on each Distribution Date thereafter, to and including the Distribution Date on which the principal amount of the Certificates is reduced to zero, to the Certificate Distribution Account.
ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date occurring on or after the Accelerated Principal Commencement Date, the amount which would remain on deposit in the Payment Account for such Distribution Date after making all other payments required to be made on such Distribution Date pursuant to the Sale and Servicing Agreement without regard to the inclusion of such amount as part of the Note Principal Distributable Amount. The Accelerated Principal Distributable Amount shall only be included in the Note Principal Distributable Amount until all of the Notes have been paid in full, and shall not be included in the Certificate Principal Distributable Amount at any time.
Examples of ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT in a sentence
The "ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT" means, with respect to any Distribution Date occurring on or after the Accelerated Principal Commencement Date, the amount which would remain on deposit in the Payment Account for such Distribution Date after making all other payments required to be made on such Distribution Date pursuant to the Sale and Servicing Agreement without regard to the inclusion of such amount as part of the Note Principal Distributable Amount.
More Definitions of ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT
ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date, an amount equal to the lesser of (i) the sum of one-twelfth of 0% of the Aggregate Scheduled Balance as of the first day of each month of the Due Period relating to such Distribution Date and (ii) amounts remaining on deposit in the Collection Account for such Distribution Date after giving effect to the distributions pursuant to Section 5.05(a) without regard to the inclusion of such amount as part of the Note Principal Distributable Amount. The Accelerated Principal Distributable Amount shall be allocated and distributed on each Distribution Date to the Note Distribution Account.
ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date occurring on or after the Accelerated Principal Commencement Date, the amount which would remain on deposit in the Payment Account for such Distribution Date after giving effect to distributions pursuant to Section 4.03(a)(i) through (x) of this Agreement without regard to the inclusion of such amount as part of the Note Principal Distributable Amount. The Accelerated Principal Distributable Amount shall be included in the Note Principal Distributable Amount until all of the Notes have been paid in full, and shall not be included in the Certificate Principal Distributable Amount at any time.
ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date, the lesser of (i) the excess of (x) the sum of the outstanding aggregate principal amount of the Notes and the outstanding principal balance of the Certificates as of such Distribution Date (after giving effect to any distribution of principal on such Distribution Date) over (y) the sum of the Pool Balance and the Pre-Funded Amount, if any, in each case as of the end of the preceding Monthly Period and (ii) the amount of the Available Funds remaining after distribution of amounts payable pursuant to clauses (i) through (vii) of Section 5.6(b) of the Agreement on such Distribution Date.
ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date occurring on or after the Accelerated Principal Commencement Date, an amount equal to the lesser of (i) one-twelfth of 2% of the Pool Balance as of such Distribution Date, (ii) the amount, if any, by which (a) the Accelerated Principal Target Level as of such Distribution Date (after giving effect to the distribution of the Regular Principal Distributable Amount on such Distribution Date) exceeds (b) the Pool Balance as of such Distribution Date, and (iii) amounts which would remain on deposit in the Payment Account for such Distribution Date after giving effect to distributions pursuant to Section 4.03(a)(i) through (x) of this Agreement without regard to the inclusion of such amount as part of the Note Principal Distributable Amount. The Accelerated Principal Distributable Amount shall only be included in the Note Principal Distributable Amount until all of the Notes have been paid in full, and shall not be included in the Certificate Principal Distributable Amount at any time.
ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date, the lesser of (i) the excess of (x) the outstanding aggregate principal amount of the Notes as of such Distribution Date (after giving effect to any distribution of principal on such Distribution Date) over (y) the sum of the Pool Balance and the Pre-Funded Amount, if any, in each case as of the end of the preceding Monthly Period and (ii) the amount of the Available Funds remaining after distribution of amounts payable pursuant to clauses (i) through (v) of Section 5.6(b) of the Agreement on such Distribution Date.
ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date occurring on or after the Accelerated Principal Commencement Date, the amount which would remain on deposit in the Collection Account for such Distribution Date after giving effect to distributions pursuant to Section 5.6(a)(i) through and including (a)(ix) of this Agreement without regard to the application of clause (ii) of the definition of Principal Distributable Amount.
ACCELERATED PRINCIPAL DISTRIBUTABLE AMOUNT means, with respect to any Distribution Date occurring on or after the Accelerated Principal Commencement Date, an amount equal to the lesser of (i) one-twelfth of ____% of the aggregate outstanding principal balance of the Notes as of the close of business on the prior Distribution Date and (ii) amounts remaining on deposit in the Collection Account for such Distribution Date after giving effect to the distributions pursuant to clauses (i) through (x) of Section 5.05(a) without regard to the inclusion of such amount as part of the Note Principal Distributable Amount.