Additional Principal Amount definition

Additional Principal Amount has the meaning, if any, assigned to such term in the Series Supplement.

Additional Principal Amount means, with respect to any Payment Date, the positive excess, if any, of the Aggregate Outstanding Principal Balance prior to any distribution on such day over the sum of (i) the Aggregate Outstanding Loan Balance as of the last Business Day of the related Collection Period plus (ii) all Principal Collections on deposit in the Collection Account as of the last Business Day of the related Collection Period.

Additional Principal Amount means, with respect to any Payment Date, an amount equal to 50% of all Available Funds remaining after payment of clauses (i) through (viii) of the Priority of Payments.

Examples of Additional Principal Amount in a sentence

• The Seller makes the following representations on which the Issuer is deemed to have relied in acquiring the Receivables and on which the Noteholders are deemed to have relied on in the purchasing of Notes and any Additional Principal Amount and on which each Support Provider shall be deemed to have relied on providing the Series Support.

• The Master Servicer makes the following representations on which the Issuer is deemed to have relied in acquiring the Owner Trust Estate, on which the Noteholders are deemed to have relied in the purchasing of Notes and any Additional Principal Amount, and on which Support Provider shall be deemed to have relied in providing the Series Support.

• The Servicer makes the following representations on which the Issuer is deemed to have relied in acquiring the Owner Trust Estate, on which the Noteholders are deemed to have relied in the purchasing of Notes and any Additional Principal Amount, and on which Support Provider shall be deemed to have relied in providing the Series Support.

• By its execution and delivery of this Agreement, the Master Servicer makes the following representations, warranties and covenants on which the Issuer relies in accepting the Receivables, on which the Administrator relies in authenticating the Notes, on which the Noteholders rely in purchasing the Notes and any Additional Principal Amount thereunder, on which the Owner Trustee relies in executing the Certificates.

• By its execution and delivery of this Agreement, the Servicer makes the following representations, warranties and covenants on which the Issuer relies in accepting the Receivables, on which the Administrator relies in authenticating the Notes, on which the Noteholders rely in purchasing the Notes and any Additional Principal Amount thereunder, on which the Owner Trustee relies in executing the Certificates.

More Definitions of Additional Principal Amount

Additional Principal Amount means, with respect to any Remittance Date, an amount equal to, but in no event less than zero, the excess of the Aggregate Outstanding Principal Balance prior to any distribution on such day over the sum of (a) the Aggregate Outstanding Loan Balance as of the last Business Day of the immediately preceding Due Period and (b) all Principal Collections on deposit in the Principal and Interest Account as of the last day of the immediately preceding Due Period.

Additional Principal Amount means (A) the amount of each disbursement (if any) by the Holder after the Closing Date to, or for the benefit of, the Company pursuant to the terms of the side letter dated the date hereof between the Holder and the Company and divided by (B) the number of months remaining from the time of such disbursement until the Maturity Date.

Additional Principal Amount means, with respect to any Payment Date, the --------------------------- lesser of:

Additional Principal Amount means with respect to any Distribution Date, an amount equal to the excess, if any, of the Cumulative Charged-Off Amount over the Cumulative Excess Principal Amount.

Additional Principal Amount means, in respect of each Note and a Loss Amount Determination Date, an amount equal to:

Additional Principal Amount means, with respect to any Payment Date, the product of (i) 75.0% and (ii) all Available Funds remaining after payment of clauses (i) through (x) of the Priority of Payments. “Administrative Fee Base Rate” will be, on the Closing Date, $[***] and on each annual anniversary of the initial Determination Date will be increased by [***]%.

Additional Principal Amount means, with respect to any Payment Date, the product of 90.0% and all Available Funds remaining after payment of clauses (i) through (x) of the Priority of Payments.