Aggregate Contract Principal Balance definition

Aggregate Contract Principal Balance means, as of any Calculation Date, the sum of the Contract Principal Balances of all Contracts as of such Calculation Date.
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Aggregate Contract Principal Balance. With respect to any Calculation Date, the aggregate of the Contract Principal Balances of all Series 1999-1 Contracts (other than Defaulted Contracts) in the Series 1999-1 Trust Estate as of such date.
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Aggregate Contract Principal Balance. With respect to any date, the aggregate Contract Principal Balances of all Series 1998-1 Contracts (other than Charged-Off Contracts) in the Series 1998-1 Trust Estate as of such date. ALRC III: Advanta Leasing Receivables Corp. III, a Nevada corporation. ALRC IV: Advanta Leasing Receivables Corp. IV, a Nevada corporation. ALRC V: Advanta Leasing Receivables Corp. V, a Nevada corporation.
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Examples of Aggregate Contract Principal Balance in a sentence

  • The aggregate amount of Defaulted Contracts which the Obligors may remove from the Series 1999-1 Trust Estate shall not, however, exceed 5% of the Initial Aggregate Contract Principal Balance.

  • On each Payment Date, the Servicer shall be entitled to receive the Servicing Fee in respect of the immediately preceding Collection Period equal to the product of (a) one-twelfth of the Servicing Fee Rate and (b) the Aggregate Contract Principal Balance as of the first day of such preceding Collection Period.

  • Class B Percentage: Approximately 6.0%, which is the ratio of (i) the initial principal amount of the Class B Notes, to (ii) the Initial Aggregate Contract Principal Balance.

  • Class F Percentage: Approximately 13.0%, which is the ratio of (i) the initial principal amount of the Class F Interest, to (ii) the Initial Aggregate Contract Principal Balance.

  • For purposes of this paragraph only, (i) the Class B Principal Balance upon which interest will be deemed to accrue, and (ii) the average weighted life of the Class B Notes, shall be determined based upon the amortization of the Aggregate Contract Principal Balance remaining at such Payment Date at a rate of 6.0% conditional payment rate and no losses.

  • Class C Percentage: Approximately 4.0%, which is the ratio of (i) the initial principal amount of the Class C Notes, to (ii) the Initial Aggregate Contract Principal Balance.

  • The Class E Notes and Class F Interest are subordinate to the Class D Notes (the subordination being approximately 18.0% of the Initial Aggregate Contract Principal Balance at closing).

  • Optional Redemption (Full Redemption): The Notes may be redeemed by the Issuer, in whole but not in part, at par plus accrued interest on any Payment Date on which the outstanding Aggregate Contract Principal Balance is less than or equal to 10% of the Initial Aggregate Contract Principal Balance.

  • Class E Percentage: Approximately 5.0%, which is the ratio of (i) the initial principal amount of the Class E Notes, to (ii) the Initial Aggregate Contract Principal Balance.

  • The Obligors and ABS also represent that as of the Closing Date, UCC-1 financing statements showing the Originator as debtor and ALRC VIII as secured party and ALRC VIII as debtor and the Trustee as secured party will have been filed in certain states representing at least 85% of the Statistical Aggregate Contract Principal Balance.


More Definitions of Aggregate Contract Principal Balance

Aggregate Contract Principal Balance equals $165,462,691 as of March 31, 2009.
Sample 1
Aggregate Contract Principal Balance. As of any date of determination, the aggregate of the Contract Principal Balances of all Series 1998-1 contracts as of the immediate, preceding Calculation Date.
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Related to Aggregate Contract Principal Balance

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Aggregate Note Principal Balance With respect to the close of a Distribution Date, the sum of the Note Principal Balances for all classes of Notes.

  • Pool Principal Balance As to any Distribution Date, the aggregate of the Scheduled Principal Balances of the Mortgage Loans which were Outstanding Mortgage Loans on the Due Date in the month preceding the month of such Distribution Date.

  • Class A Principal Balance As of any date, an amount equal to the sum of the Principal Balances for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-PO Certificates and Class A-R Certificate.

  • Original Principal Balance Any of the Original Principal Balances of the Classes of Class A Certificates as set forth in Section 11.05; the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance or Original Class B-6 Principal Balance as set forth in Section 11.15.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Initial Principal Balance means, in respect of a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security agreement or retail installment sale contract evidencing and securing such Receivable.

  • Original Class B Principal Balance The sum of the Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance, Original Class B-5 Principal Balance and Original Class B-6 Principal Balance, as set forth in Section 11.14.

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Original Class B-4 Principal Balance The Class B-4 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-5 Principal Balance The Class B-5 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class A Non-PO Principal Balance The sum of the Original Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-R Certificates, as set forth in Section 11.06.

  • Note B Principal Balance means, at any time of determination, the Initial Note B Principal Balance set forth on the Mortgage Loan Schedule, less any payments of principal thereon or reductions in such amount pursuant to Sections 3, 4 or 5, as applicable.

  • Class B-5 Principal Balance As to the first Determination Date, the Original Class B-5 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-5 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-5 Certificates on prior Distribution Dates (A) pursuant to Paragraph nineteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-5 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance and the Class B-4 Principal Balance as of such Determination Date.

  • Original Class Principal Balance means, with respect to any Class of Principal Balance Certificates, the initial Class Principal Balance thereof as of the Closing Date, in each case as specified in the Preliminary Statement.

  • Original Class B-6 Principal Balance The Class B-6 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Class B-4 Principal Balance As to the first Determination Date, the Original Class B-4 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-4 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-4 Certificates on prior Distribution Dates (A) pursuant to Paragraph sixteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-4 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance and the Class B-3 Principal Balance as of such Determination Date.

  • Class B-6 Principal Balance As to the first Determination Date, the Original Class B-6 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-6 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-6 Certificates on prior Distribution Dates pursuant to Paragraph twenty-second of Section 4.01(a) and (b) the Realized Losses allocated through such Determination Date to the Class B-6 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance, the Class B-1 Principal Balance, the Class B-2 Principal Balance, the Class B-3 Principal Balance, the Class B-4 Principal Balance and the Class B-5 Principal Balance as of such Determination Date.

  • Class A Non-PO Principal Balance As of any date, an amount equal to the Class A Principal Balance less the Principal Balance of the Class A-PO Certificates.

  • Initial Class Principal Balance As set forth in the Preliminary Statement.

  • Note A Principal Balance means, as of any date of determination, the aggregate Note Principal Balance of the A Notes.

  • Class B Principal Balance As of any date, an amount equal to the sum of the Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

  • Original Class B-2 Principal Balance The Class B-2 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.

  • Original Class B-3 Principal Balance The Class B-3 Principal Balance as of the Cut-Off Date, as set forth in Section 11.15.