Accelerated Principal Payment Amount for any Payment Date means the amount of Investor Interest Collections applied on that Payment Date as a payment of principal to decrease the Note Principal Balance until the difference between the Note Principal Balance and the Loan Balance is an amount equal to the Required Transferor Subordinated Amount for the Payment Date.
Accelerated Principal Payment Amount for each Payment Date after the sixth Payment Date and each Class of Principal Amount Notes means the amount of Investor Interest Collections for the related Loan Group applied on that Payment Date as a payment of principal to decrease the Note Principal Balance of the that Class of Principal Amount Notes until the difference between the Loan Group Balance of the related Loan Group and the Note Principal Balance of that Class of Principal Amount Notes is an amount equal to the related Required Transferor Subordinated Amount for the Payment Date.
Accelerated Principal Payment Amount. As defined in Section 3.05 of the Indenture.
More Definitions of Accelerated Principal Payment Amount
Accelerated Principal Payment Amount. With respect to any Payment Date, the lesser of (i) the Excess Interest reduced by the amount of the Net Charge-Off and (ii) one-twelfth of the Series 1997-1 Participation Interest Invested Amount as of the beginning of the related Interest Period multiplied for each Payment Date occurring prior to April 1998, by 0.75%, and for each Payment Date occurring in April 1998 or thereafter, by 0.25%.
Accelerated Principal Payment Amount for each Payment Date beginning with the second Payment Date means the amount of Available Interest Collections applied on that Payment Date as a payment of principal to decrease the Note Principal Balance of the Principal Amount Notes until the difference between the Loan Pool Balance (reduced by Net Draws) and the Note Principal Balance is an amount equal to the Required Transferor Subordinated Amount for the Payment Date.
Accelerated Principal Payment Amount for any Payment Date means the amount required to reduce the Note Principal Balance (after giving effect to the distribution of all other amounts actually distributed on the Notes on the Payment Date) so that the Loan Balance (at the end of the related Collection Period) exceeds the Note Principal Balance (as so reduced) by the Required Transferor Subordinated Amount.
Accelerated Principal Payment Amount means an amount equal to the excess of (i) total principal payments actually paid to the Series 2013-1 Noteholders during the Accelerated Measurement Period, over (ii) the sum of the Minimum Principal Payment Amount, Scheduled Principal Payment Amounts and voluntary Prepayments actually paid to the Series 2013-1 Noteholders during the Accelerated Measurement Period.
Accelerated Principal Payment Amount for each Payment Date beginning with the fourth Payment Date means the amount of Available Interest Collections applied on that Payment Date as a payment of principal to decrease the Note Principal Balance of the Principal Amount Notes until the difference between the Loan Pool Balance (reduced by Net Draws) and the Note Principal Balance is an amount equal to the Required Transferor Subordinated Amount for the Payment Date.
Accelerated Principal Payment Amount. With respect to any Payment Date, payment to Noteholders pursuant to Section 3.05(a)(viii) of the Indenture in an amount equal to the Overcollateralization Deficit.
Accelerated Principal Payment Amount means an amount equal to the unpaid principal amount of the Loan outstanding on the first date on which an Event of Default occurs divided by thirty (30); provided, however, if the Loan is prepaid in part after the first date on which an Event of Default occurs, the principal amount of such prepayment shall be applied to reduce remaining Accelerated Principal Payment Amounts in reverse chronological order.