Accelerated Principal Distribution Amount means, with respect to any Distribution Date, an amount equal to that portion of the Total Distribution Amount for such Distribution Date that remains after the payment of (i) the Servicing Fee, (ii) the Noteholders' Interest Distributable Amount, (iii) the Regular Principal Distribution Amount and (iv) the amount, if any, required to be deposited into the Reserve Account on such Distribution Date pursuant to Section 5.06(a)(ii)(E).
Accelerated Principal Distribution Amount. With respect to any Distribution Date, the positive difference, if any, between the Target Overcollateralization Amount and the Current Overcollateralization Amount.
Accelerated Principal Distribution Amount. With respect to any Distribution Date, the amount, if any, required to reduce the Investor Certificate Principal Balance (after giving effect to the distribution of all other amounts actually distributed on the Investor Certificates on such Distribution Date) so that the Invested Amount (immediately following such Distribution Date) exceeds the Investor Certificate Principal Balance (as so reduced) by the Required Overcollateralization Amount.
Examples of Accelerated Principal Distribution Amount in a sentence
Unless offset by losses on the Receivables or the release of cash during the Release Period as described below, the distribution of the Accelerated Principal Distribution Amount, if any, on a Distribution Date is expected to cause the aggregate principal amount of the Notes to decrease faster than the Pool Balance decreases, thereby increasing the Overcollateralization Amount.
The "Noteholders' Principal Distributable Amount" will equal (i) the Regular Principal Distribution Amount plus (ii) the Accelerated Principal Distribution Amount.
After payment of the amounts specified in clauses (i) through (iv) above, to the Note Distribution Account, the Total Principal Distribution Amount, plus the Accelerated Principal Distribution Amount, if applicable.
Excess interest collections will be applied as an Accelerated Principal Distribution Amount to create overcollateralization until the Target Overcollateralization Amount is reached.
Class C Certificateholder's Purchase Option; Auction Sale; Accelerated Principal Distribution Amount.........................
More Definitions of Accelerated Principal Distribution Amount
Accelerated Principal Distribution Amount. With respect to any Payment Date, the lesser of (x) the amount remaining in the Payment Account after the application of funds on deposit therein in accordance with clauses (i) through (vi) of Section 3.05 of the Indenture and (y) the amount required to reach the Required Overcollateralization Amount.
Accelerated Principal Distribution Amount has the meaning set forth in Section 3.03(c)(ii).
Accelerated Principal Distribution Amount. With respect to any Payment Date, the amount, if any, required to reduce the Class A Certificate Principal Balance (after giving effect to the distribution of all other amounts actually distributed on the Class A Certificates on such Payment Date) so that the Invested Amount (immediately following such Payment Date) exceeds the Class A Certificate Principal Balance (as so reduced) by the Required Overcollateralization Amount.
Accelerated Principal Distribution Amount. For any Remittance Date, the lesser of (i) the positive difference, if any, of (x) the Monthly Excess Spread for such Remittance Date MINUS (y) the Class A Interest Shortfall Carryforward Amount for such Remittance Date and (ii) the Subordinated Deficiency Amount for such Remittance Date, calculated for this purpose without giving effect to payment of the Accelerated Principal Distribution Amount and prior to taking into account the Applied Realized Loss Amount for such Remittance Date.
Accelerated Principal Distribution Amount. With respect to any ----------------------------------------- Distribution Date, the amount, if any, required to reduce the Class A Note Principal Balance (after giving effect to the distribution of all other amounts actually distributed on the Class A Notes on such Distribution Date) so that the Invested Amount (immediately following such Distribution Date) exceeds the Class A Note Principal Balance (as so reduced) by the Required Overcollateralization Amount.
Accelerated Principal Distribution Amount means, with respect to any Monthly Allocation Date during the Amortization Period, the lesser of (x) the product of (i) one-twelfth of 0.25% and (ii) the Aggregate Net Investment Value as of the last day of the related Collection Period and (y) any portion of the Investor Percentage of Interest Collections in respect of the related Collection Period remaining after all required distributions and/or allocations to Certificateholders have been made and after all required deposits into the Reserve Fund have been made. "ADDITIONAL LOSS AMOUNT" means, with respect to any Collection Period, an amount equal to the sum of (a) all amounts of losses incurred in respect of any uninsured liability to third parties (i.e., litigation risk) on the part of the Titling Trust that is ultimately borne by the SUBI Assets during such Collection Period, whether such liability is incurred (i) with respect to the 1997-A SUBI Assets and is therefore allocated to the 1997-A SUBI Assets pursuant to the 1997-A SUBI Supplement, (ii) with respect to the Titling Trust Assets generally and a pro rata portion of such liability is allocated to the 1997-A SUBI Assets pursuant to the Titling Trust Agreement or (iii) with respect to UTI Assets or Other SUBI Assets if such UTI Assets or Other SUBI Assets are insufficient to pay such liability and a portion thereof is therefore allocated to the 1997-A SUBI Assets pursuant to the Titling Trust Agreement and (b) all monies reserved within the 1997-A SUBI Collection Account against future losses in respect of such liabilities by the Servicer on behalf of the Securitization Trustee as of the last day of such Collection Period. "ADDITIONAL LOSS CONTRACT" means, with respect to any SUBI Portfolio, a Contract included in such SUBI Portfolio that has been sold or otherwise disposed of to pay an Additional Loss Amount with respect to the related SUBI.
Accelerated Principal Distribution Amount. As to any Distribution ----------------------------------------- Date, the amount, if any, required to reduce the Certificate Principal Balance (after giving effect to the distribution of all other amounts actually distributed on the Investor Certificates on such Distribution Date) until the Invested Amount (immediately following such Distribution Date) exceeds the Certificate Principal Balance (as so reduced) by the amount, if any, equal to (x) the Required Amount minus (y) the Seller Subordinated Amount. Accrual Period: As to any Distribution Date other than the first -------------- Distribution Date, the period beginning on the preceding Distribution Date and ending on the day preceding such Distribution Date, and, in the case of the first Distribution Date, the period beginning on ______, 199_ and ending on the day preceding the first Distribution Date.